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Other Income (Expense)
12 Months Ended
Dec. 31, 2020
Other Income and Expenses [Abstract]  
Other Income and Other Expense Disclosure [Text Block]
Note 9 – Other Expense, net
 
Other expense, net, for the years ended December 31, 2020,
 
2019 and 2018 are as follows:
2020
2019
2018
Income from third party license fees
$
999
$
1,035
$
862
Foreign exchange (losses) gains, net
(6,082)
223
(807)
(Loss) gain on fixed asset disposals, net
(871)
58
657
Non-income
 
tax refunds and other related credits
3,345
1,118
668
Pension and postretirement benefit costs, non-service components
(21,592)
(2,805)
(2,285)
Gain on changes in insurance settlement restrictions of an
 
inactive
 
subsidiary and related insurance insolvency recovery
18,144
60
90
Other
 
non-operating income, net
439
57
173
Total other
 
expense, net
$
(5,618)
$
(254)
$
(642)
Pension and postretirement benefit costs, non-service components
 
during the year ended December 31, 2020 include a
 
$
1.6
million refund in premium and a $
22.7
 
million non-cash settlement charge related to the
 
Legacy Quaker U.S. Pension Plan, as
described in Note 21 of Notes to Consolidated Financial Statements.
 
Gain on changes in insurance restrictions of an inactive
subsidiary and related insurance insolvency recovery relate
 
to the termination of restrictions over certain cash that was previously
designated solely to be used for settlement of asbestos
 
claims at an inactive subsidiary of the Company and
 
cash proceeds from an
insolvent insurance carrier with respect to previously
 
filed recovery claims.
 
See Note 12, Note 19 and Note 26 of Notes to
Consolidated Financial Statements.
 
Foreign exchange (losses) gains, net, during the years
 
ended December 31, 2020,
 
2019 and 2018,
include foreign currency transaction losses of approximately
 
$
0.4
 
million, $
1.0
 
million and $
0.4
 
million, respectively,
 
related to
hyper-inflationary accounting for the Company’s
 
Argentine subsidiaries, and specific to 2018,
 
a foreign currency transaction gain of
approximately $
0.4
 
million related to the liquidation of an inactive legal entity.
 
See Note 1 of Notes to Consolidated Financial
Statements.
 
(Loss) gain on fixed asset disposals, net, during the year
 
ended December 31, 2020 and 2018, included $
0.6
 
million loss
and a $
0.6
 
million gain, respectively,
 
on the sale of held-for-sale assets related to the Combination.