Other Expense/(Income), net

12 Months Ended

Dec. 31, 2013

Other Expense/(Income), net [Abstract]

Other Expense/(Income), net

7. Other Expense/(Income), net

The components of other expense/(income), net, are:

(in thousands)	2013	2012		2011
Currency transactions	$5,227	$5,708		($84	)
Bank fees and amortization of debt issuance costs	1,542	2,385		1,837
Letter of credit fees	-	963		1,479
Other	487	(1,427	)	(593	)
Total	$7,256	$7,629		$2,639

In July 2013, the Company's manufacturing facility in Germany was damaged by severe weather. The Company expensed the remaining book value of the damaged property, but that value was minimal. We have filed an insurance claim, but the final amount that the Company will recover has not been determined.  We expect to record a gain for this involuntary conversion when the insurance claim is settled, but the amount of the gain cannot presently be determined.