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Other Income (Expense)
 12 Months Ended
Dec. 31, 2019
Other Income (Expense) [Abstract]  
Other Income (Expense)
Note 8 – Other Income (Expense)

The caption “Other” on the accompanying consolidated statements of operations consists of the following:

 
  
Years ended December 31,
  
 
  
2019
    
2018
    
2017
  
 
                  
Foreign exchange gain (loss)
  
$
(1,414
)
  
$
(1,991
)
  
$
(4,536
)
Interest income
    
8,445
      
11,940
      
6,482
  
Investment income (expense)†
    
6,448
      
(1,646
)
    
-
  
Other
    
61
      
(266
)
    
(208
)
 
  
$
13,540
    
$
8,037
    
$
1,738
  

† Recognized in "Other" subsequent to the prospective adoption of ASU 2016-01 on January 1, 2018.  Previously recorded in accumulated other comprehensive income until realized.

In 2019, the Company used cash to repurchase $19,366 principal amounts of convertible senior debentures for $27,863.  The Company recognized a $2,030 loss on early extinguishment of the repurchased convertible debentures in 2019.

In 2018, the Company issued $600,000 principal amount of 2.25% senior convertible notes due 2025 to qualified institutional investors.  The Company used the net proceeds from this offering and cash repatriated to the United States (see Note 5) to repurchase $538,444 principal amounts of convertible senior debentures for $960,995.  The Company recognized a $26,583 loss on early extinguishment of the repurchased convertible debentures in 2018.

In 2017, the Company sold its 50% interest in an investment accounted for using the equity method, and recorded a loss aggregating to $6,112.  The $7,060 loss recorded in March 2017 included Vishay's proportionate share of the investee's accumulated other comprehensive loss of $1,110, recognized upon discontinuation of the equity investment, and the estimated cost of certain contingencies pending resolution related to the investee.  In December 2017, the remaining contingencies related to the investee were favorably resolved and the Company reduced the loss by $948.  The loss on disposal is not deductible for income tax purposes.