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Other Income (Expense) | 12 Months Ended
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Dec. 31, 2023
Details of Expenses [Abstract] |
Other Income (Expense) | Note 8 – Details of Expenses The caption “Other” on the accompanying consolidated statements of operations consists of the following:
|  | Years ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Foreign exchange gain (loss) |  | $ | 677 |  |  | $ | 5,690 |  |  | $ | (2,692 | )
Interest income |  |  | 31,353 |  |  |  | 7,560 |  |  |  | 1,269 |
Other components of periodic pension expense |  |  | (8,730 | ) |  |  | (11,090 | ) |  |  | (13,206 | )
Investment income (expense) |  |  | 1,347 |  |  |  | (6,812 | ) |  |  | (1,036 | )
Other |  |  | 616 |  |  |  | (200 | ) |  |  | 11 |
|  | $ | 25,263 |  |  | $ | (4,852 | ) |  | $ | (15,654 | )
Impact of the COVID-19 Pandemic The Company's operations were impacted by the "COVID-19" pandemic, particularly in 2020 and again in 2022 when operations in the People's Republic of China were impacted by government-mandated shut-downs. The Company incurred incremental costs separable from normal operations that are directly related to the pandemic containment efforts, primarily wages paid to manufacturing employees during government-mandated shut-downs, additional wages and hardship allowances for working during lockdown periods, additional costs of cleaning and disinfecting facilities, costs of additional safety equipment for employees, and temporary housing for employees due to travel restrictions, which were partially offset by government subsidies. Since 2021, certain costs directly attributable to the pandemic, such as additional costs of cleaning and disinfecting facility and costs of additional safety equipment for employees, are no longer incremental and are considered normal operating costs. The net impact of the costs and subsidies are reported as "Cost of products sold" of $6,661 and "Selling, general, and administrative expenses" of $546 based on employee function on the consolidated statement of operations for the year ended December 31, 2022.

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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 + Details
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