XML 30 R19.htm IDEA: XBRL DOCUMENT v3.19.2
Other (Income) Expense, Net
6 Months Ended
Jun. 30, 2019
Other Income And Expenses [Abstract]  
Other (Income) Expense, Net

12. OTHER (INCOME) EXPENSE, NET

The components of other (income) expense, net, were as follows (in thousands):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Gain on sale of assets

 

$

(61

)

 

$

81

 

 

$

(307

)

 

$

(508

)

Results of non-consolidated subsidiaries

 

 

(24

)

 

 

(11

)

 

 

(97

)

 

 

(69

)

Foreign exchange

 

 

(218

)

 

 

654

 

 

 

(181

)

 

 

1,086

 

Rents and royalties

 

 

(487

)

 

 

(141

)

 

 

(593

)

 

 

(236

)

Employment related charges

 

 

(334

)

 

 

 

 

 

2,866

 

 

 

 

Return on pension assets and other pension costs

 

 

(240

)

 

 

(224

)

 

 

(482

)

 

 

(420

)

Gain on sale of business

 

 

(1,154

)

 

 

 

 

 

(1,154

)

 

 

 

Cost reduction and other charges

 

 

2,977

 

 

 

 

 

 

2,977

 

 

 

 

Other, net

 

 

533

 

 

 

(176

)

 

 

336

 

 

 

187

 

Total other expense, net

 

$

992

 

 

$

183

 

 

$

3,365

 

 

$

40

 

 

Foreign exchange gains and losses are summarized in the following table (in thousands):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

(Gains) losses by currency

 

2019

 

 

2018

 

 

2019

 

 

2018

 

British Pound

 

$

165

 

 

$

104

 

 

$

178

 

 

$

(23

)

Canadian Dollar

 

 

29

 

 

 

243

 

 

 

88

 

 

 

357

 

Euro

 

 

92

 

 

 

(259

)

 

 

2

 

 

 

(16

)

Other currencies, net

 

 

(504

)

 

 

566

 

 

 

(449

)

 

 

768

 

Total loss, net

 

$

(218

)

 

$

654

 

 

$

(181

)

 

$

1,086

 

 

During the three months ended June 30, 2019, we sold a business for a cash payment of $3.0 million. As this represented a single location within our business units, the sale did not constitute a discontinued operation and, accordingly, the effects of this transaction are included in continuing operations.