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OTHER (EXPENSE) INCOME, NET
6 Months Ended
Jun. 30, 2012
OTHER (EXPENSE) INCOME, NET  
OTHER (EXPENSE) INCOME, NET

NOTE 13 — OTHER (EXPENSE) INCOME, NET

 

Other (expense) income, net consists of the following:

 

 

 

Three months ended

 

Six months ended

 

 

 

June 30,

 

June 30,

 

(in thousands)

 

2012

 

2011

 

2012

 

2011

 

 

 

 

 

 

 

 

 

 

 

Equity loss in affiliate

 

$

(255

)

$

 

$

(579

)

$

 

Interest expense

 

(14

)

(24

)

(29

)

(47

)

Interest income

 

10

 

17

 

26

 

22

 

Change in fair value of put option

 

 

225

 

 

582

 

Other, net

 

(62

)

52

 

(90

)

57

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

(321

)

$

270

 

$

(672

)

$

614

 

 

Equity in loss of affiliate represents our proportional share of the losses in Correspondent One (see Note 7).