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Other Income (Expense), net
 12 Months Ended
Dec. 31, 2024
Other Income and Expenses [Abstract]  
Other Income (Expense), net Other Income (Expense), net
Other income (expense), net for the years ended December 31, 2024, 2023 and 2022 are as follows:
202420232022
Income from third party license fees$810 $1,210 $1,268 
Foreign exchange losses, net(1,783)(14,785)(9,399)
Gain on disposals of property, plant, equipment and other assets, net810 1,307 168 
Non-income tax refunds and other related credits (expense) 3,742 1,339 (1,613)
Pension and postretirement benefit (costs) income, non-service components(1,827)(2,033)1,704 
Loss on extinguishment of debt— — (6,763)
Facility remediation recoveries, net— 2,141 1,804 
Business interruption insurance proceeds1,000 — — 
Product liability claim costs, net(2,040)— — 
Earnout liability adjustment400 — — 
Other non-operating income, net242 149 224 
Total other income (expense), net$1,354 $(10,672)$(12,607)
Foreign exchange losses, net, during the years ended December 31, 2024, 2023 and 2022, include foreign currency transaction losses of approximately $0.8 million, $7.8 million and $1.6 million, respectively, related to hyper-inflationary accounting. See Note 1, Basis of Presentation and Significant Accounting Policies, for additional information.
Gain on disposals of property, plant, equipment and other assets, net, includes losses related to certain fixed asset disposals resulting from the property damage caused by flooding of the Company’s Conshohocken, Pennsylvania headquarters in 2022, as described in Note 25, Commitments and Contingencies. This caption also includes gains recognized in 2024, 2023 and 2022 for the sale of certain facilities previously classified as held-for-sale, as described in Note 7, Restructuring and Related Activities.
Business interruption insurance proceeds for the year ended December 31, 2024 reflects an insurance recovery of $1.0 million related to production losses due to an electrical fire in 2021 that resulted in temporary shutdown of production at one of the Company’s production facilities. See Note 25, Commitments and Contingencies, for additional discussion regarding the Company’s business interruption claims.
Product liability claim costs, net represents expense related to payments by the Company in connection with product liability disputes with customers, net of insurance recoveries during the year ended December 31, 2024.
Facility remediation recoveries, net, for the years ended December 31, 2023 and 2022 reflects insurance recoveries of costs for remediation and restoration of property damage. See Note 25, Commitments and Contingencies, for additional discussion regarding the Company’s insurance recoveries for facility remediation and property damage.
Loss on extinguishment of debt during the year ended December 31, 2022 includes the write-off of certain previously unamortized deferred financing costs as well as a portion of the third-party and creditor debt issuance costs incurred to execute an amendment to the Company’s primary credit facility. See Note 19, Debt, for additional information.