OTHER

Other general expense - net

Included in Other general expense - net were the following:



(Thousands of dollars)	Three Months Ended June 30,					Six Months Ended June 30,
	2014		2013			2014			2013
Provisions for environmental matters - net	$	259	$	1,446		$	(175	)	$	1,769
Loss (gain) on disposition of assets	511		(1,173		)	373			2,323
Adjustments to prior provisions for qualified exit costs			212						340
Total	$	770	$	485		$	198		$	4,432

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 loss (gain) on disposition of assets represents net realized losses (gains) 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 (income) expense - net

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



(Thousands of dollars)	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
Dividend and royalty income	$	(1,195	)	$	(813	)	$	(2,246	)	$	(3,637	)
Net expense from financing activities	2,547			2,845			5,469			4,743
Foreign currency transaction related (gains) losses	(1,830		)	3,196			1,028			5,944
Other income	(6,973		)	(7,107		)	(13,279		)	(14,419		)
Other expense	2,304			2,594			4,384			5,363
Total	$	(5,147	)	$	715		$	(4,644	)	$	(2,006	)

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

Foreign currency transaction related (gains) losses represent net realized (gains) losses on U.S. dollar-denominated liabilities of foreign subsidiaries and net realized and unrealized (gains) losses from foreign currency option and forward contracts. There were no foreign currency option and forward contracts outstanding at June 30, 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.