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Other (Income)/Expense, net | 3 Months Ended
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Mar. 31, 2023
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) | 2023 | 2022 |  |
Currency transaction (gains)/losses | $ | 60 |  | $ | (3,741) |  |  |
Bank fees and amortization of debt issuance costs | 59 |  | 96 |  |  |
Components of net periodic pension and postretirement cost other than service cost | (125) |  | (136) |  |  |
Other | (449) |  | (147) |  |  |
Total | $ | (455) |  | $ | (3,928) |  |  |
Other (income)/expense, net, included foreign currency losses of $0.1 million in the first three months of 2023, as compared to gains of $3.7 million in the same period last year. The weaker Euro and Renminbi during the three month period ended March 31, 2023 led to a net loss on foreign currency related transactions, compared to a stronger Euro and Renminbi in the same period last year.

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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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