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Other (Income)/Expense, net | 6 Months Ended
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Jun. 30, 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 June 30, | Six months ended June 30,
(in thousands) | 2023 | 2022 | 2023 | 2022
Currency transaction (gains)/losses | $ | (4,193) |  | $ | (7,284) |  | $ | (4,133) |  | $ | (11,024) |
Bank fees and amortization of debt issuance costs | 33 |  | 80 |  | 91 |  | 176 |
Components of net periodic pension and postretirement cost other than service cost | (120) |  | (137) |  | (245) |  | (273) |
Other | (231) |  | 296 |  | (679) |  | 148 |
Total other (income)/expense, net | $ | (4,511) |  | $ | (7,045) |  | $ | (4,966) |  | $ | (10,973) |
Other (income)/expense, net, included foreign currency related transactions which resulted in gains of $4.2 million and $4.1 million in the three and six months ended June 30, 2023, respectively, as compared to gains of $7.3 million and $11.0 million in the same period last year. The stronger Euro and Mexican Peso during the three and six months ended June 30, 2023 led to a lesser gain on foreign currency related transactions.

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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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