OTHER INCOME (EXPENSE), NET

12 Months Ended

Dec. 31, 2013

OTHER INCOME (EXPENSE), NET

OTHER INCOME (EXPENSE), NET

18.  OTHER INCOME (EXPENSE), NET

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

(in thousands)	2013			2012			2011
Loss in equity affiliates, including impairment loss	$	(176	)	$	(1,741	)	$	(530	)
Interest income	899			222			32
Change in fair value of put option	—			—			732
Other, net	(166		)	(69		)	54
Total	$	557		$	(1,588	)	$	288

Loss in equity affiliates primarily represents our proportional 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.