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Other (Expense) Income, Net
 12 Months Ended
Dec. 31, 2022
Other Income and Expenses [Abstract]  
OTHER (EXPENSE) INCOME, NET OTHER (EXPENSE) INCOME, NET
The amounts included in "Other (expense) income, net" in the consolidated statements of income for the year ended December 31, 2022, 2021 and 2020 were as follows (in thousands):
For the Year Ended December 31,
202220212020
Interest and investment income$14,452 $1,690 $5,661 
Loss on extinguishment of long-term debt(11,190)— — 
Other(6,719)9,885 11,263 
Other (expense) income, net$(3,457)$11,575 $16,924 
Interest and investment income increased to $14.5 million primarily due to market conditions driving higher yields on the Company's short-term investments. Refer to Note 9, "Obligations," for further information on the $11.2 million loss on extinguishment of long-term debt recognized during the year ended December 31, 2022.
The change in Other was primarily due to fair value adjustments of our investments resulting in a $3.7 million net loss in 2022, compared to $9.1 million and $6.9 million net gains in 2021 and 2020, respectively. Other also includes foreign currency translation losses arising from euro translation of our foreign subsidiaries of $3.9 million and $3.0 million in 2022 and 2021, respectively, and a $4.6 million foreign currency translation gain in 2020. Additionally, we recognized a $1.9 million gain on a contract termination in 2021.