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Other Income (Expense)
 12 Months Ended
Dec. 31, 2012
Other Income and Expenses [Abstract]  
Other Income (Expense)
Other Income (Expense)
Items included in other income (expense) in the Consolidated Statements of Operations are as follows:
Year ended December 31,
(dollars in thousands)
 
2012
 
2011
 
2010
Gain on sale of land at Libbey Holland
 
$
—

 
$
3,445

 
$
—

Gain on sale of Traex assets (1)
 
—

 
3,418

 
—

Gain (loss) on currency translation
 
(780
)
 
(263
)
 
137

Hedge ineffectiveness
 
265

 
284

 
(855
)
Other non-operating income (expense)
 
703

 
1,147

 
444

Other income (expense)
 
$
188

 
$
8,031

 
$
(274
)
___________________
(1)
On April 28, 2011, we sold substantially all of the assets of Traex to the Vollrath Company for $12.5 million, resulting in a gain of $3.4 million.