OTHER (EXPENSE) INCOME, NET

12 Months Ended

Dec. 31, 2012

OTHER (EXPENSE) INCOME, NET

OTHER (EXPENSE) INCOME, NET

17.  OTHER (EXPENSE) INCOME, NET

Other (expense) income, net consists of the following for the years ended December 31:

(in thousands)	2012			2011			2010
Equity in losses of and impairment loss on investment in affiliate	$	(1,741	)	$	(530	)	$	—
Interest income	222			32			31
Change in fair value of put option	—			732			557
Other, net	(69		)	54			335
Total	$	(1,588	)	$	288		$	923

Equity loss in affiliate represents our proportionate share of the losses in Correspondent One and impairment loss on the investment (see Note 10).

The change in fair value of put option relates to three put option agreements we entered into with certain of the sellers of MPA. The put option expired in December 2011 (see Note 5).