XML 21 R11.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Other (Income)/Expense, net | 3 Months Ended
--- | ---
Mar. 31, 2024
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) | 2024 | 2023 |  |
Currency transaction (gains)/losses | $ | (1,292) |  | $ | 60 |  |  |
Bank fees and amortization of debt issuance costs | 43 |  | 59 |  |  |
Components of net periodic pension and postretirement cost other than service cost | 668 |  | (125) |  |  |
Other | (2,401) |  | (449) |  |  |
Total other (income)/expense, net | $ | (2,982) |  | $ | (455) |  |  |
Other (income)/expense, net, included foreign currency related transactions which resulted in gains of $1.3 million in the first three months of 2024, as compared to losses of $0.1 million in the same period last year. The stronger Mexican Peso and weaker Euro during the three months ended March 31, 2024 led to a net gain on foreign currency related transactions, as compared to the same period last year. Other (income)/expense, net, also included gains on changes in fair value of derivative instruments, gains on sales of fixed assets, and rental income.

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