Other Expense/(Income), net

9 Months Ended

Sep. 30, 2017

Other Income and Expenses [Abstract]

Other Expense/(Income), net

6. Other Expense/(Income), net

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

	Three months ended September 30,				Nine months ended September 30,
(in thousands)	2017		2016		2017		2016
Currency transaction losses/(gains)	$261		($312	)	$2,310		($2,361	)
Bank fees and amortization of debt issuance costs	116		106		375		652
Gain on insurance recovery	(2,000	)	-		(2,000	)	-
Other	468		448		295		(394	)
Total	($1,155	)	$242		$980		($2,103	)

In the third quarter of 2017, the Company recorded an insurance recovery gain of $2.0 million related to the theft in Japan that was reported in the fourth quarter of 2016.