XML 19 R10.htm IDEA: XBRL DOCUMENT
v3.23.3

Other (Income)/Expense, net | 9 Months Ended
--- | ---
Sep. 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 September 30, | Nine months ended September 30,
(in thousands) | 2023 | 2022 | 2023 | 2022
Currency transaction (gains)/losses | $ | 511 |  | $ | (6,636) |  | $ | (3,622) |  | $ | (17,660) |
Bank fees and amortization of debt issuance costs | 49 |  | 76 |  | 140 |  | 252 |
Components of net periodic pension and postretirement cost other than service cost | (15) |  | (138) |  | (260) |  | (411) |
Other | (489) |  | (220) |  | (1,168) |  | (72) |
Total other (income)/expense, net | $ | 56 |  | $ | (6,918) |  | $ | (4,910) |  | $ | (17,891) |
Other (income)/expense, net, included foreign currency related transactions which resulted in losses of $0.5 million and gains of $3.6 million in the three and nine months ended September 30, 2023, respectively, as compared to gains of $6.6 million and $17.7 million in the same period last year. During 2023, the Mexican Peso weakened during the third quarter, but was overall stronger during the nine months ended September 30, 2023, driving the foreign currency gain in the period. During 2022, the Euro remained weaker for the three and nine months ended September 30, 2022, resulting in a more significant foreign currency gain during those periods.

X
- References No definition available. + Details
Name: | us-gaap_OtherIncomeAndExpensesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration