Other Expense/(Income), net

12 Months Ended

Dec. 31, 2017

Other Income and Expenses [Abstract]

Other Expense/(Income), net

6. Other Expense/(Income), net

The components of Other Expense/(Income), net, are:

(in thousands)	2017		2016		2015
Currency transactions	$4,634		($3,532	)	$1,496
Bank fees and amortization of debt issuance costs	487		759		916
Gain on insurance recovery	(2,000	)	-		-
Loss due to theft	-		2,506		-
Gain on sale of investment	-		-		(872	)
Other	1,231		313		893
Total	$4,352		$46		$2,433

In 2016, the Company had a loss due to theft of cash in Japan, resulting in a loss of $2.5 million. In September 2017, the Company recorded an insurance recovery gain of $2.0 million related to that incident.

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.