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Other (Income), net Level 1 (Notes)
 3 Months Ended
Mar. 31, 2013
OTHER (INCOME), NET [Abstract]  
Other Income and Other Expense Disclosure [Text Block]
OTHER (INCOME) EXPENSE, NET

The components of other (income) expense, net, were as follows (in thousands):
 
Three Months Ended
 
 
March 31,
 
 
2013
 
2012
 
 
(Unaudited)
 
(Gain) loss on sale of assets
$
(209
)
 
$
(86
)
 
Results of non-consolidated subsidiaries
(96
)
 
(66
)
 
Foreign exchange (gain) loss
891

 
(1,025
)
 
Interest income
(371
)
 
(2
)
 
Rents and royalties
(230
)
 
(340
)
 
(Gain) loss on insurance recovery
(539
)
 
(3,366
)
 
Other, net
(35
)
 
(27
)
 
Total other (income) expense, net
$
(589
)
 
$
(4,912
)
 

We incurred property losses during Hurricane Isaac in 2012. During the first quarter of 2013, the insurer agreed to pay $0.9 million of the claim and will continue reviewing the remainder of the claim. As a result, we recorded the net gain of $0.5 million in Other (income) expense, net. Subsequent to March 31, 2013, we received payment of the agreed amount.

During the first quarter of 2013, we received interest of $0.4 million as part of an income tax refund related to a previous year.

As a result of a supply disruption in 2011 from a key vendor that provided certain high performance specialty steel tubulars used with the our perforating systems, we filed a claim under our business interruption insurance policy. We recorded a gain of $3.4 million in the first quarter of 2012 when the initial payment was received from the insurance carrier.

Foreign exchange (gain) loss by currency is summarized in the following table (in thousands):
 
Three Months Ended
 
 
March 31,
 
 
2013
 
2012
 
 
(Unaudited)
 
Australian Dollar
$
45

 
$
(4
)
 
British Pound
462

 
11

 
Canadian Dollar
303

 
(537
)
 
Euro
228

 
(245
)
 
Malaysian Ringgit
82

 
(51
)
 
Mexican Peso
(127
)
 
(152
)
 
Russian Ruble
6

 
(40
)
 
Other currencies, net
(108
)
 
(7
)
 
Total (gain) loss
$
891

 
$
(1,025
)