OTHER

Other general (income) expense - net

Included in Other general (income) expense - net were the following:



(Thousands of dollars)	Three Months Ended March 31,
	2014			2013
Provisions for environmental matters - net	$	(434	)	$	323
(Gain) loss on disposition of assets	(138		)	3,496
Adjustments to prior provisions for qualified exit costs				128
Total	$	(572	)	$	3,947

Provisions for environmental matters - net represent site-specific increases or decreases to environmental-related accruals as information becomes available upon which more accurate costs can be reasonably estimated and as additional accounting guidelines are issued. Environmental-related accruals are not recorded net of insurance proceeds in accordance with the Offsetting Subtopic of the Balance Sheet Topic of the ASC. See Note 8 for further details on the Company’s environmental-related activities.

The (gain) loss on disposition of assets represents net realized (gains) losses associated with the disposal of fixed assets previously used in the conduct of the primary business of the Company.

The adjustments to prior provisions for qualified exit costs represent site specific increases or decreases to accrued qualified exit costs as adjustments for costs of employee terminations are required or as information becomes available upon which more accurate amounts can be reasonably estimated. See Note 6 for further details on the Company’s exit or disposal activities.

Other expense (income) - net

Included in Other expense (income) - net were the following:



(Thousands of dollars)	Three Months Ended March 31,
	2014			2013
Dividend and royalty income	$	(1,051	)	$	(2,824	)
Net expense from financing activities	2,922			1,898
Foreign currency transaction related losses	2,858			2,748
Other income	(6,306		)	(7,312		)
Other expense	2,080			2,769
Total	$	503		$	(2,721	)

The net expense from financing activities includes the net expense relating to the change in the Company’s financing fees.

Foreign currency transaction related losses represent net realized losses (gains) on U.S. dollar-denominated liabilities of foreign subsidiaries and net realized and unrealized losses (gains) from foreign currency option and forward contracts. There were no foreign currency option and forward contracts outstanding at March 31, 2014 and 2013.

Other income and Other expense included items of revenue, gains, expenses and losses that were unrelated to the primary business purpose of the Company. There were no items within the other income or other expense caption that were individually significant.