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OTHER INCOME (EXPENSE), NET
 12 Months Ended
Dec. 31, 2016
Other Income and Expenses [Abstract]  
OTHER INCOME (EXPENSE), NET
OTHER INCOME (EXPENSE), NET
Other income (expense), net consists of the following for the years ended December 31:
(in thousands)
 
2016
 
2015
 
2014
 
 
 
 
 
 
 
Gain on early extinguishment of debt
 
$
5,464

 
$
3,836

 
$
—

Expenses related to the purchase of available for sale securities
 
(3,356
)
 
—

 
—

Loss on HLSS equity securities and dividends received, net
 
—

 
(1,854
)
 
—

Interest income
 
91

 
133

 
103

Other, net
 
1,431

 
76

 
71

 
 
 
 
 
 
 
Total
 
$
3,630

 
$
2,191

 
$
174


During March 2015, we purchased 1.6 million shares of HLSS common stock in the open market for $30.0 million. This investment was classified as available for sale. On April 6, 2015, HLSS completed the sale of substantially all of its assets to New Residential Investment Corp. (“NRZ”) and adopted a plan of complete liquidation and dissolution. During April 2015, we received liquidating dividends and other dividends from HLSS totaling $20.4 million and we sold all of our 1.6 million shares of HLSS common stock in the open market for $7.7 million. As a result of these transactions, we recognized a net loss of $1.9 million for the year ended December 31, 2015 (no comparative amounts for 2016 and 2014) in connection with our investment in HLSS.