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OTHER INCOME

3 Months Ended

Mar. 31, 2020

Other Income and Expenses [Abstract]

OTHER INCOME, NET

OTHER INCOME

Other income consisted of the following (amounts in thousands):

	Three months ended
	March 31,
	2020				2019
Gain on property insurance settlement (1)	$	4,936			$	—
Gain on Wheels India Limited share sale	1,302				—
Equity investment income	605				875
Gain on sale of assets	348				370
Building rental income	316				255
Interest income	115				340
Other (expense)	(186		)		(844		)
	$	7,436			$	996

(1) The gain on property insurance settlement relates to the receipt of insurance proceeds during the three months ended March 31, 2020 for a 2017 fire that occurred at a facility of Titan Tire Reclamation Corporation (TTRC), a subsidiary of the Company, located in Fort McMurray in Alberta, Canada.

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- Definition

The entire disclosure for the components of non-operating income or non-operating expense, including, but not limited to, amounts earned from dividends, interest on securities, gain (loss) on securities sold, equity earnings of unconsolidated affiliates, gain (loss) on sales of business, interest expense and other miscellaneous income or expense items.

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