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Other (income)/expense, net
 12 Months Ended
Dec. 31, 2023
Other Income and Expenses [Abstract]  
Other (income)/expense, net Other (income)/expense, net
The components of Other expense/(income), net, are:
Years ended December 31,
(in thousands)
202320222021
Currency transactions$(2,916)$(9,996)$(1,179)
Sale of IP addresses— (3,420)— 
Bank fees and amortization of debt issuance costs180 313 373 
Components of net periodic pension and postretirement cost other than service(61)(1,077)156 
Other(3,366)94 3,671 
Total other (income)/expense, net
$(6,163)$(14,086)$3,021 
Other (income)/expense, net included foreign currency related transactions that resulted in gains of $2.9 million during 2023 and gains of $10.0 million during 2022. During 2023, the stronger Mexican Peso primarily drove transaction gains on nonfunctional currency monetary liabilities, while during 2022, the weaker Euro primarily drove transaction gains related to nonfunctional currency monetary assets.
During 2022, the Company recorded a gain of $3.4 million on the sale of IP addresses that the Company had no future critical need to retain. There were no similar gains of this nature during 2023.