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Other (Income)/Expense, net | 12 Months Ended
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Dec. 31, 2024
Other Income and Expenses [Abstract] |
Other (Income)/Expense, net | Other (Income)/Expense, net The components of Other expense/(income), net, are:
|  | Years ended December 31,
(in thousands) |  | 2024 |  | 2023 |  | 2022
Currency transactions |  | $ | (3,900) |  |  | $ | (2,916) |  |  | $ | (9,996) |
Sale of IP addresses |  | — |  |  | — |  |  | (3,420) |
Derivative instruments losses/(gains) |  | 3,459 |  |  | (351) |  |  | (509) |
Bank fees and amortization of debt issuance costs |  | 232 |  |  | 180 |  |  | 313 |
Components of net periodic pension and postretirement cost other than service |  | 2,493 |  |  | (61) |  |  | (1,077) |
Other |  | (563) |  |  | (3,015) |  |  | 603 |
Total other (income)/expense, net |  | $ | 1,721 |  |  | $ | (6,163) |  |  | $ | (14,086) |
Other (income)/expense, net included foreign currency related transactions that resulted in gains of $3.9 million during 2024 and gains of $2.9 million during 2023. In addition, changes in the fair value of derivative instruments included losses of $3.5 million during 2024 and gains of $0.4 million in 2023, driven by currency rate movements, most notably the Brazilian Real and Mexican Peso. Net periodic pension and postretirement costs, other than service costs, was $2.5 million during 2024 and was a benefit of $0.1 million during 2023. Other (income)/expense, net, also included 2024 bank fees, amortization of debt issuance costs, and rental income. During 2022, the Company recorded a gain of $3.4 million on the sale of IP addresses that the Company had no future critical need to retain. There were no similar gains of this nature during 2023 or 2024.

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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://www.xbrl.org/2009/role/commonPracticeRef -Topic 720 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/720/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 610 -Publisher FASB -URI https://asc.fasb.org/610/tableOfContent + Details
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