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Other Income (Expense)
12 Months Ended
Dec. 31, 2022
Other Income and Expenses [Abstract]  
Other Income (Expense)

(15) Other Income (Expense)

 

Other income (expense) primarily relate to re-measurement gains and losses associated with our foreign currencies and realized and unrealized gains and losses on our investment in common stock of Select.

 

Losses on foreign currencies during the Current Period, the Successor Period, the Predecessor Period and the Prior Period were $12.6 million, $8.8 million, $2.1 million and $8.9 million, respectively. Losses on foreign currencies during the Current Period include an expense of $2.7 million which represents a correction of an immaterial error relating to a period prior to our emergence from bankruptcy. Gains and losses on foreign currencies are primarily related to our operations in Brazil and Argentina.

 

During the Current Period, we disposed of 4.1 million shares of Select for $34.7 million, and we recognized gains totaling $8.9 million in connection with these transactions. During the Successor Period, we disposed of 0.7 million shares of Select for $4.1 million, and we recognized gains totaling $0.4 million. Unrealized gains during the Successor Period were $2.1 million. As of December 31, 2022, all shares of Select have been disposed.