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OTHER INCOME
 6 Months Ended
Jun. 30, 2024
Other Income and Expenses [Abstract]  
OTHER INCOME OTHER INCOME
Other income consisted of the following (amounts in thousands):
Three months endedSix months ended
June 30,June 30,
 2024202320242023
Income on indirect taxes (1)
$— $475 $— $475 
Gain on property insurance settlement (2)
1,913 — 1,913 — 
Equity investment income241 277 568 732 
Gain on sale of assets413 61 388 71 
Other income710 373 813 670 
 $3,277 $1,186 $3,682 $1,948 

(1) In May 2022, the Brazilian tax authorities approved indirect tax credits to be applied against future tax obligations. For the three and six months ended June 30, 2023, the Company recorded indirect tax credits of $0.5 million within other income.
(2) The gain on property insurance settlement relates to the receipt of insurance proceeds of $3.5 million offset by costs to repair one of our operating facilities in Italy related to a 2023 hail storm weather event.