Other (Expense) Income, Net

9 Months Ended

Sep. 30, 2021

Other Income and Expenses [Abstract]

Other (Expense) Income, Net

Other (Expense) Income, Net

Other (expense) income, net is comprised of the following:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2021		2020		2021		2020
Foreign exchange (loss) gain (1)	$	(2,446)	$	12,830	$	(248)	$	8,567
Other income (expense), net (2)	1,489		911		9,996		(1,811)
Total other (expense) income, net	$	(957)	$	13,741	$	9,748	$	6,756

(1)Foreign exchange (loss) gain is primarily attributable to foreign currency translation derived primarily from U.S. Dollar denominated cash and cash equivalents, account receivables, and intercompany balances held by foreign subsidiaries. Intercompany finance transactions denominated in U.S. Dollars resulted in unrealized foreign exchange (losses) gains of $(2,741) and $12,284 for the three months ended September 30, 2021 and 2020, respectively, $(1,298) and $10,519 for the nine months ended September 30, 2021 and 2020, respectively.

(2)For the three months ended September 30, 2021 and 2020, other income (expense), net includes a gain from the change in fair value of the Company’s interest rate swap of $1,463 and $809, respectively (see Note 17). For the nine months ended September 30, 2021, other income (expense), net includes a gain from the change in fair value of the Company’s interest rate swap of $9,198 (see Note 17). For the nine months ended September 30, 2020, other income (expense), net includes a loss from the change in fair value of the Company’s interest rate swap of $3,365 (see Note 17), partially offset by a gain from the change in fair value of acquisition contingent consideration of $1,340.