Other Income, Net

6 Months Ended

Jun. 30, 2011

Other Income, Net

Other Income, Net

(6) Other Income, Net

The following table presents an analysis of other income, net:

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2010			2011			2010			2011
	(Dollars in thousands)						(Dollars in thousands)
Currency (gains) losses	$	(8,965	)	$	(160	)	$	(12,683	)	$	472
Bank and other financing fees		531			496			996			979
Other		(162	)		(532	)		(168	)		(1,638	)
Total other income, net	$	(8,596	)	$	(196	)	$	(11,855	)	$	(187	)

Other income for the six months ended June 30, 2011, includes $0.7 million resulting from the collection of an acquired account receivable in the first quarter 2011 at an amount in excess of its fair value at the acquisition date.

During the second quarter of 2007, we sold land and certain assets related to our former graphite electrode manufacturing facility in Caserta, Italy. The sale agreement provides that, upon completion of certain milestones in the remediation and landfill closure activities, portions of the escrowed amounts shall be paid to us. We recognize returns of funds held in escrow as other income when received. During the first quarter 2011, we completed all required activities and as such, the final $0.1 million was released from escrow and recognized as income as the restricted cash was released.