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Other Expense/(Income), net | 12 Months Ended
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Dec. 31, 2015
Other Expense/(Income), net [Abstract] |
Other Expense/(Income), net | 6. Other Expense/(Income), net The components of Other Expense/(Income), net, are:
(in thousands) |  | 2015 |  | 2014 |  | 2013
Currency transactions |  |  |  | $1,496 |  |  |  |  | ($6,379 | ) |  |  |  | $5,227
Bank fees and amortization of debt issuance costs |  |  |  | 916 |  |  |  |  | 1,174 |  |  |  |  | 1,542
Gain on sale of investment |  |  |  | (872 | ) |  |  |  | - |  |  |  |  | -
Gain on insurance recovery |  |  |  | - |  |  |  |  | (1,126 | ) |  |  |  | -
Other |  |  |  | 893 |  |  |  |  | (522 | ) |  |  |  | 487
Total |  |  |  | $2,433 |  |  |  |  | ($6,853 | ) |  |  |  | $7,256
In March 2015, the Company sold its total equity investment in an unaffiliated company, resulting in a gain of $0.9 million. The value of the investment had been written off in 2004. 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 + Details
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