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Other (Income)/Expense, net
 12 Months Ended
Dec. 31, 2025
Other Income and Expenses [Abstract]  
Other (Income)/Expense, net Other (Income)/Expense, net
The components of Other expense/(income), net, are:
Years ended December 31,
(in thousands)
202520242023
Currency transactions$8,883 $(3,900)$(2,916)
Derivative instruments losses/(gains)(3,735)3,459 (351)
Components of net periodic pension and postretirement cost other than service3,890 2,493 (61)
Other(3,959)(331)(2,835)
Total other (income)/expense, net
$5,079 $1,721 $(6,163)
Other (income)/expense, net included foreign currency related transactions associated with cash and intercompany balances which resulted in losses of $8.9 million during 2025 and gains of $3.9 million during 2024. In addition, changes in the fair value of derivative instruments included gains of $3.7 million during 2025 and losses of $3.5 million in 2024, driven by currency rate movements, most notably the Brazilian Real and Mexican Peso. Net periodic pension and postretirement costs, other than service costs, were $3.9 million during 2025 and $2.5 million during 2024. Other (income)/expense, net, also included 2025 bank fees, amortization of debt issuance costs, and gains or losses on the sale of assets.