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Other Income (Expense), Net

12 Months Ended

Dec. 31, 2023

Other Income and Expenses [Abstract]

Other Income and Other Expense Disclosure [Text Block]

The table below sets forth the Other expense, net for the years ended December 31, 2023, 2022 and 2021:

(In thousands)			2023						2022						2021
Infineum termination fee, net			$	(10,876)					$	—					$	—
Loss on foreign currency remeasurement			5,718						23,034						7,857
Loss on extinguishment of debt and modification			29,896						3,287						23,338
Other, net			629						(2,395)						500
Other expense, net			$	25,367					$	23,926					$	31,695

Infineum termination fee, net

On October 11, 2022, the Company and Infineum entered into a definitive agreement for the sale of the Company’s PIM business. On February 10, 2023, the Company terminated the definitive agreement. In accordance with the terms of the definitive agreement, the Company received a $12.0 million termination fee from Infineum in the first quarter of 2023 and incurred a transaction fee of $1.1 million to the third-party financial adviser it had engaged to assist with the transaction.

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- References

No definition available.

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- Definition

The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 610
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//610/tableOfContent

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 720
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//720/tableOfContent

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