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Other (Income) Expense
 12 Months Ended
Dec. 31, 2016
Other (Income) Expense, net [Abstract]  
Other Income and Other Expense Disclosure [Text Block]
The components of other (income) expense, net, are as follows (in thousands):
 
 
For the Years Ended December 31,
 
 
2016
 
2015
 
2014
Sale of assets
 
$
(618
)
 
$
(408
)
 
$
(764
)
Results of non-consolidated subsidiaries
 
(506
)
 
(383
)
 
(364
)
Foreign exchange
 
1,832

 
4,507

 
4,230

Interest income
 
—

 
(56
)
 
(403
)
Rents and royalties
 
(420
)
 
(484
)
 
(817
)
Insurance and other settlements
 
—

 
—

 
(292
)
Other, net
 
(630
)
 
493

 
(521
)
Total other (income) expense, net
 
$
(342
)
 
$
3,669

 
$
1,069



Foreign Currency Risk

We operate in a number of international areas which exposes us to foreign currency exchange rate risk. We do not currently hold or issue forward exchange contracts or other derivative instruments for hedging or speculative purposes (a foreign exchange contract is an agreement to exchange different currencies at a given date and at a specified rate). Foreign exchange gains and losses are the result of fluctuations in the USD against foreign currencies and are included in other (income) expense, net in the Consolidated Statements of Operations. We recognized foreign exchange losses in countries where the USD weakened against the local currency and we had net monetary liabilities denominated in the local currency; as well as countries where the USD strengthened against the local currency and we had net monetary assets denominated in the local currency. We recognized foreign exchange gains in countries where the USD strengthened against the local currency and we had net monetary liabilities denominated in the local currency and in countries where the USD weakened against the local currency and we had net monetary assets denominated in the local currency. Foreign exchange gains and losses are summarized in the following table (in thousands):
 
For the Years Ended December 31,
(Gains) losses by currency
2016
 
2015
 
2014
 
Australian Dollar
$
136


$
238


$
289

 
British Pound
807


434


1,132

 
Canadian Dollar
(137
)

1,848


1,886

 
Euro
(49
)

(908
)

(1,537
)
 
Malaysian Ringgit
43


545


278

 
Mexican Peso
(47
)

414


284

 
Nigerian Naira
200


630


432

 
Other currencies, net
879


1,306


1,466

Total (gain) loss, net
$
1,832

 
$
4,507

 
4,230