OTHER INCOME, NET

12 Months Ended

Dec. 31, 2018

Other Income And Expenses [Abstract]

NOTE 12-OTHER INCOME, NET

Other income, net consists of the following:

	Years ended December 31,
	2018			2017		2016
	(in thousands)
Foreign exchange gains (loss)	$	(2,610	)	$	619	$	1,459
Gain from the currency translation adjustment		—			1,703		38
Tax reversal for expiration of the statute of limitations⁽¹⁾		—			—		807
Reversal of water conservancy fund		468			—		—
Gain on liquidation of subsidiary⁽³⁾	909				—		—
Realized investment gain⁽²⁾		—			—		83
Other	589				654		361
Total	$	(644	)	$	2,976	$	2,748

(1)

When the Company divested its Korean subsidiary in 2009, the Company provided a tax reserve as it offered indemnification to the buyer for the uncertain tax positions arising in the periods before the divestiture. In 2016, approximately $0.8 million of such tax reserve was released due to expiration of statute of limitations.

(2)

The Company received 124,395 shares of Inphi on November 14, 2014 to exchange for the 1% interest in Cortina. Management assessed the shares and classified them as available-for-sale securities and subject to fair value accounting. In the first quarter of 2015, the Company sold the 124,395 shares of Inphi stock for a total cash consideration of $2.4 million, which resulted in a realized gain of $0.6 million in Other Income. In the second quarter of 2015, the Company also received $0.7 million in cash proceeds in connection with the sale of assets that had a $0 net carrying value, resulting in a realized gain in Other Income. In the fourth quarter of 2015, another $0.3 million was released from escrow deposited by Inphi during the transaction and the Company recorded as a realized gain in Other Income. In the second quarter of 2016, another $0.1million was released from escrow deposited by Inphi during the transaction and the Company recorded as a realized gain in Other Income.

(3) The Company closed the subsidiary of Ireland in June, 2018 and booked $0.9 million disposal gain.