XML 42 R30.htm IDEA: XBRL DOCUMENT v3.20.2
Other Income (Expense), Net
9 Months Ended
Sep. 30, 2020
Other Income and Expenses [Abstract]  
Other Income (Expense), Net Other Income (Expense), Net
Other income (expense), net is comprised of the following:
Three Months EndedNine Months Ended
September 30,September 30,
2020201920202019
Foreign exchange gain (loss) (1)
$12,830 $(12,465)$8,567 $(14,053)
Other income (expense), net (2)
911 159 (1,811)— 
Total other income (expense), net$13,741 $(12,306)$6,756 $(14,053)
(1)Foreign exchange gain (loss) is primarily attributable to foreign currency translation derived primarily from U.S. Dollar denominated cash and cash equivalents, account receivables, and intercompany balances held by foreign subsidiaries. Intercompany finance transactions denominated in U.S. Dollars resulted in unrealized foreign currency translation gains (losses) of $12,284 and $(12,302) for the three months ended September 30, 2020 and 2019, respectively, and $10,519 and $(13,982) for the nine months ended September 30, 2020 and 2019, respectively.
(2)Other income (expense), net includes a gain from the change in fair value of the Company’s interest rate swap of $809, partially offset by a loss from the change in fair value of acquisition contingent consideration of $50 for the three months ended September 30, 2020. Other income (expense), net includes a loss from the change in fair value of the Company’s interest rate swap of $3,365, partially offset by a gain from the change in fair value of acquisition contingent consideration of $1,340 for the nine months ended September 30, 2020, respectively (see Note 17).