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Other (Expense) Income, Net (Tables)
12 Months Ended
Dec. 31, 2023
Other Income and Expenses [Abstract]  
Schedule of Other (Expense) Income, Net
Other (expense) income, net consists of the following:
Year Ended December 31,
202320222021
(Loss) gain from:
Change in fair value of interest rate swap (see Note 17)$(5,038)$27,083 $9,770 
Foreign exchange (1)
2,497 (9,901)827 
Sale of aircraft (see Note 5)— 2,029 — 
Change in fair value of acquisition contingent consideration (see Note 17)— 1,427 (550)
Receipts (payments) related to interest rate swap
8,803 1,947 (1,270)
Other (expense) income, net (2)
(13,484)1,713 1,184 
Total other (expense) income, net
$(7,222)$24,298 $9,961 
(1)Foreign exchange gain (loss) is primarily attributable to foreign currency translation derived mainly from U.S. dollar denominated cash and cash equivalents, account receivables, customer deposits, and intercompany balances held by foreign subsidiaries. Intercompany finance transactions primarily denominated in U.S. dollars resulted in unrealized foreign exchange gains (losses) of $3,163, $(7,369), and $(779) for the years ended December 31, 2023, 2022, and 2021, respectively.
(2)Other (expense) income, net includes investment impairment and other charges of $(16,988), partially offset by gains on investments of $2,360 for the year ended December 31, 2023 (see Note 7).