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Other (Income)/Expenses, net | 12 Months Ended
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Dec. 31, 2014
Other (Income)/Expenses, net [Abstract] |
Other (Income)/Expenses, net | 7. Other (Income)/Expenses, net The components of Other (Income)/expenses, net, are:
(in thousands) |  | 2014 |  | 2013 |  | 2012
Currency transactions |  |  |  | $(6,379 | ) |  |  |  | $5,227 |  |  |  |  | $5,708
Bank fees and amortization of debt issuance costs |  |  |  | 1,174 |  |  |  |  | 1,542 |  |  |  |  | 2,385
Gain on insurance recovery |  |  |  | (1,126 | ) |  |  |  | - |  |  |  |  | -
Letter of credit fees |  |  |  | - |  |  |  |  | - |  |  |  |  | 963
Other |  |  |  | (522 | ) |  |  |  | 487 |  |  |  |  | (1,427)
Total |  |  |  | $(6,853 | ) |  |  |  | $7,256 |  |  |  |  | $ 7,629
In July 2013, the Company's manufacturing facility in Germany was damaged by severe weather. At that time, the Company expensed the remaining book value of the damaged property, but the value was minimal. The gain recorded in 2014 represents the finalization of the insurance claim.

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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.3,6,7,9) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 3, 6, 7, 9 -Article 5 + Details
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