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Other (Expense) Income, Net
6 Months Ended
Jun. 30, 2022
Other (Expense) Income, Net [Abstract]  
Other (Expense) Income, Net [Text Block]
Note 10 – Other (Expense) Income, Net
The components of other (expense) income, net, for the three and six months ended June
 
30, 2022 and 2021 are as follows:
Three Months Ended
Six Months Ended
June 30,
 
June 30,
 
2022
2021
2022
2021
Income from third party license fees
$
249
$
373
$
653
$
712
Foreign exchange losses, net
(2,026)
(838)
(3,931)
(2,316)
(Loss) gain on disposals of property,
 
plant, equipment and other
assets, net
(38)
(54)
(15)
5,356
Non-income tax refunds and other related (expense) credits
(417)
14,295
(1,739)
14,392
Pension and postretirement benefit income,
 
non-service components
475
129
954
253
Loss on extinguishment of debt
(6,763)
(6,763)
Other non-operating income, net
121
105
236
300
Total other (expense)
 
income, net
$
(8,399)
$
14,010
$
(10,605)
$
18,697
Non-income tax refunds and other related (expense) credits during
 
the three and six months ended June 30, 2022, includes
adjustments to Combination-related indemnification assets associated with the
 
settlement of certain income tax audits at certain of the
Company’s Italian and German
 
affiliates for tax periods prior to August 1, 2019.
 
See Note 11 of Notes to Condensed Consolidated
Financial Statements.
 
During the second quarter of 2022, the Company recorded a loss on extinguishment
 
of debt of approximately
$
6.8
 
million which includes the write-off of certain previously unamortized
 
deferred financing costs as well as a portion of the third
party and creditor debt issuance costs incurred to execute an amendment
 
to the Company’s primary credit facility.
 
See Note 14 of
Notes to the Condensed Consolidated Financial Statements.
Loss (gain) on disposals of property,
 
plant, equipment and other assets, net, during the six months ended June 30, 2021,
 
includes a
gain on the sale of certain held-for-sale real property assets related
 
to the Combination.