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Other Income (Expense), Net
9 Months Ended
Sep. 30, 2014
Other Income and Expenses [Abstract]  
Other Income (Expense), Net
Other Income (Expense), Net
A summary of other income (expense), net is as follows (in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2014
 
2013
 
2014
 
2013
Reduction of (accrual for) loss contingency related to legal proceedings (Note 8)
$

 
$
(71,776
)
 
$
69,557

 
$
(181,776
)
Gain on sale of product line(1)

 

 
6,522

 

Gain on sale of a cost-method investment

 

 

 
3,591

Other expense, net
(622
)
 
(2,525
)
 
(2,109
)
 
(2,207
)
Total other income (expense), net
$
(622
)
 
$
(74,301
)
 
$
73,970

 
$
(180,392
)
(1) 
In May 2014, the Company sold its Source product line for approximately $14.4 million, net of transaction fees, recording a gain of approximately $6.5 million before taxes. As a part of this transaction, the Company reduced Goodwill on the Marine reporting unit by $5.1 million. The historical results of this product line have not been material to the Company’s results of operations.