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OTHER INCOME
 6 Months Ended
Jun. 30, 2015
Other Income and Expenses [Abstract]  
OTHER INCOME, NET
OTHER INCOME

Other income consisted of the following (amounts in thousands):
 
Three months ended
 
Six months ended
 
June 30,
 
June 30,
 
2015
 
2014
 
2015
 
2014
Currency exchange gain
$
3,647

 
$
3,747

 
$
9,613

 
$
2,050

Interest income
956

 
288

 
1,564

 
640

Wheels India Limited equity income
867

 
532

 
860

 
950

Other income
706

 
787

 
1,571

 
1,250

Discount amortization on prepaid royalty
472

 
756

 
1,083

 
1,530

Building rental income
258

 
225

 
498

 
431

 
$
6,906

 
$
6,335

 
$
15,189

 
$
6,851



During the second quarter of 2015, the Company identified a subsidiary investment which was improperly classified as an intercompany liability. As a result of the correction of this item, the Company reclassified currency translation in other comprehensive income to currency exchange gain in other income. The three and six months ended June 30, 2015, included $5.7 million and $3.1 million, respectively, in currency exchange gain related to this correction. Titan concluded that these amounts are immaterial to the consolidated financial statements for the three and six months ended June 30, 2015.