Other Income, net

9 Months Ended

Sep. 30, 2016

Other Income and Expenses [Abstract]

Other Income, net

6. Other Income, net

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

	Three months ended September 30,			Nine months ended September 30,
(in thousands)	2016		2015	2016		2015
Currency transaction (gains)/losses	($312	)	$953	($2,361	)	$404
Bank fees and amortization of debt issuance costs	106		219	652		764
Gain on sale of investment	-		-	-		(872	)
Other	448		77	(394	)	488
Total	$242		$1,249	($2,103	)	$784

In March 2015, the Company sold its total equity investment in an unaffiliated company, resulting in a gain of $0.9 million. The value of the investment had been written off in 2004.