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Other Expenses/(Income), net | 9 Months Ended
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Sep. 30, 2015
Other Expenses/ (Income), net [Abstract] |
Other Expenses/ (Income), net | 6. Other Expenses/ (Income), net The components of Other Expenses/ (Income), net, are:
|  | Three months ended September 30, |  | Nine months ended September 30,
(in thousands) |  | 2015 |  | 2014 |  | 2015 |  | 2014
Currency transaction losses/(gains) |  | $ | 953 |  |  | $ | (1,916 | ) |  |  | $ | 404 |  |  | $ | (3,819 | )
Bank fees and amortization of debt issuance costs |  |  | 219 |  |  |  | 271 |  |  |  |  | 764 |  |  |  | 868 |
Gain on sale of investment |  |  | - |  |  |  | - |  |  |  |  | (872 | ) |  |  | - |
Gain on insurance recovery |  |  | - |  |  |  | (165 | ) |  |  |  | - |  |  |  | (1,126 | )
Other |  |  | 77 |  |  |  | (54 | ) |  |  |  | 488 |  |  |  | (387 | )
Total |  | $ | 1,249 |  |  | $ | (1,864 | ) |  |  | $ | 784 |  |  | $ | (4,464 | )
In March 2015, the Company sold its total equity investment in an unaffiliated company. The value of the investment was written off in 2004, resulting in a gain of $0.9 million in the first quarter of 2015. 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 that value was minimal. The insurance recovery 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 + Details
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