(in thousands)

2019

2018

2017

Interest and other income

$

43,665

$

35,150

$

22,501

Net gains (losses) on investments and derivatives ⁽¹⁾

8,255

(24,319)

(1,901)

Net foreign currency losses

(880)

(765)

(1,297)

Gains and other investment income, net

51,040

10,066

19,303

Interest expense

(23,795)

(23,629)

(27,496)

Loss on extinguishment of debt

-

(5,396)

Other income (expense) of consolidated CLO entities:

Interest income

74,512

14,883

-

Net gains (losses) on bank loans and other investments

and note obligations

(4,240)

1,999

-

Gains and other investment income, net

70,272

16,882

-

Structuring and closing fees

(6,337)

(4,830)

-

Interest expense

(53,013)

(10,456)

-

Interest and other expense

(59,350)

(15,286)

-

Total non-operating income (expense)

$

38,167

$

(11,967)

$

(13,589)

⁽¹⁾

Fiscal 2018 includes a $6.5 million loss associated with the Company's determination not to exercise its option to acquire an additional 26 percent ownership in Hexavest.