Other Expense, net (Tables)

12 Months Ended

Dec. 31, 2019

Other Income and Expenses [Abstract]

Other Expense, Net

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

(in thousands)	2019	2018	2017
Currency transactions	$(4,473)	$(67)	$4,634
Bank fees and amortization of debt issuance costs	348	417	487
Pension settlements and curtailments	450	1,494	—
Components of net periodic pension and postretirement cost other than service	1,105	1,089	2,525
Gain on insurance recovery	—	—	(2,000)
Other	1,013	1,104	1,231
Total	$(1,557)	$4,037	$6,877

In 2019, the Company took actions to freeze accrued benefits under the United Kingdom defined benefit pension plan, which resulted in a curtailment charge of $0.5 million.