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Other (Income)/Expense, net | 3 Months Ended
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Mar. 31, 2021
Other Income and Expenses [Abstract] |
Other (Income)/Expense, net | Other (Income)/Expense, net The components of Other (Income)/Expense, net are:
| Three months ended March 31,
(in thousands) | 2021 | 2020
Currency transaction (gains)/losses | $ | 166 |  | $ | 14,834 |
Bank fees and amortization of debt issuance costs | 107 |  | 75 |
Components of net periodic pension and postretirement cost other than service | (2) |  | 385 |
Other | 329 |  | 275 |
Total | $ | 600 |  | $ | 15,569 |
Other (income)/expense, net includes losses related to the revaluation of nonfunctional-currency balances of $0.2 million for the first three months of 2021, compared to losses of $14.8 million for the first three months of 2020, which principally resulted from an intercompany demand loan payable by a Mexican subsidiary. As a result of changes in business conditions that occurred in the first quarter of 2020, loan repayments on that intercompany loan are not expected in the foreseeable future and, beginning April 1, 2020, revaluation effects are recorded in Other comprehensive income.

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 720 -URI http://asc.fasb.org/topic&trid=2122503 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 610 -URI http://asc.fasb.org/topic&trid=49130413 + Details
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