OTHER INCOME (EXPENSE), NET

6 Months Ended

Jun. 30, 2013

OTHER INCOME (EXPENSE), NET

OTHER INCOME (EXPENSE), NET

NOTE 15 — OTHER INCOME (EXPENSE), NET

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

	Three months ended						Six months ended
	June 30,						June 30,
(in thousands)	2013			2012			2013			2012
Equity gain (loss) in affiliate	$	54		$	(255	)	$	(122	)	$	(579	)
Interest expense	(4,902		)	(14		)	(8,114		)	(29		)
Interest income	11			10			867			26
Other, net	12			(62		)	37			(90		)
Total	$	(4,825	)	$	(321	)	$	(7,332	)	$	(672	)

Equity loss in affiliate represents our proportional share of the losses in Correspondent One (see Note 8). The equity gain in affiliate represents the gain on sale of Correspondent One (see Note 2).