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Other (Income) Expense, Net | 9 Months Ended
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Sep. 30, 2024
Other Income and Expenses [Abstract] |
Other (Income) Expense, Net | 13. OTHER (INCOME) EXPENSE, NET The components of other (income) expense, net, are as follows (in thousands):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
(Gain) loss on sale of assets |  | $ | 364 |  |  | $ | (76 | ) |  | $ | (390 | ) |  | $ | (109 | )
Results of non-consolidated subsidiaries |  |  | (108 | ) |  |  | (135 | ) |  |  | (207 | ) |  |  | (334 | )
Foreign exchange (gain) loss, net |  |  | (239 | ) |  |  | 238 |  |  |  | 435 |  |  |  | (292 | )
Rents and royalties |  |  | (882 | ) |  |  | (205 | ) |  |  | (1,683 | ) |  |  | (460 | )
Return on pension assets and other pension costs |  |  | (314 | ) |  |  | (336 | ) |  |  | (891 | ) |  |  | (992 | )
Loss on lease abandonment and other exit costs |  |  | — |  |  |  | 505 |  |  |  | 699 |  |  |  | 1,146 |
Assets write-down |  |  | — |  |  |  | 128 |  |  |  | 1,110 |  |  |  | 1,143 |
Insurance and other settlements |  |  | (3,225 | ) |  |  | — |  |  |  | (5,555 | ) |  |  | (604 | )
ATM termination costs |  |  | — |  |  |  | 455 |  |  |  | — |  |  |  | 455 |
Severance and other charges |  |  | — |  |  |  | — |  |  |  | 824 |  |  |  | — |
Other, net |  |  | (125 | ) |  |  | 99 |  |  |  | (415 | ) |  |  | (376 | )
Total other (income) expense, net |  | $ | (4,529 | ) |  | $ | 673 |  |  | $ | (6,073 | ) |  | $ | (423 | )
During the nine months ended September 30, 2024 and 2023, we abandoned certain leases in the U.S. and Canada and incurred lease abandonment and other exit costs of $0.7 million and $1.1 million, respectively. As a result of consolidating and exiting these facilities, the associated leasehold improvements, right of use assets and other assets of $1.1 million and $1.1 million were abandoned and expensed during the nine months ended September 30, 2024 and 2023, respectively. Amounts incurred during the three months ended September 30, 2023, were $0.5 million for lease abandonment and other exit costs and $0.1 million for assets write-down. In February 2024, we had a fire incident at one of our U.K. facilities and we have recorded partial insurance settlements of $3.2 million and $5.6 million during the three and nine months ended September 30, 2024, respectively. During the three and nine months ended September 30, 2024, amounts associated with costs incurred and loss of income from business interruption were $1.1 million and $3.5 million, respectively, and amounts associated with damage to property, plant and equipment were $2.1 million and $2.1 million, respectively. During the nine months ended September 30, 2023, the State of Louisiana expropriated the access road to one of our facilities and paid us a settlement of $0.6 million. During the three and nine months ended September 30, 2023, we wrote off previously deferred costs of $0.5 million upon termination of a 2022 “at-the-market offering” program (“ATM”). Foreign exchange (gain) loss, net by currency is summarized in the following table (in thousands):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
British Pound |  | $ | (64 | ) |  | $ | (30 | ) |  | $ | 6 |  |  | $ | (211 | )
Canadian Dollar |  |  | (13 | ) |  |  | 98 |  |  |  | 60 |  |  |  | 92 |
Colombian Peso |  |  | 44 |  |  |  | (12 | ) |  |  | 13 |  |  |  | 120 |
Euro |  |  | 201 |  |  |  | 13 |  |  |  | 266 |  |  |  | (4 | )
Indonesian Rupiah |  |  | (332 | ) |  |  | 71 |  |  |  | (107 | ) |  |  | 37 |
Russian Ruble |  |  | (4 | ) |  |  | 15 |  |  |  | 10 |  |  |  | (326 | )
Turkish Lira |  |  | 9 |  |  |  | (24 | ) |  |  | 34 |  |  |  | (472 | )
Other currencies, net |  |  | (80 | ) |  |  | 107 |  |  |  | 153 |  |  |  | 472 |
Foreign exchange (gain) loss, net |  | $ | (239 | ) |  | $ | 238 |  |  | $ | 435 |  |  | $ | (292 | )

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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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