v3.25.1
Other (Income)/Expense, net
 3 Months Ended
Mar. 31, 2025
Other Income and Expenses [Abstract]  
Other (Income)/Expense, net Other (Income)/Expense, net
The components of Other (income)/expense, net are:
Three months ended March 31,
(in thousands)
20252024
Currency transaction losses/(gains)
$3,152 $(1,292)
Derivative instruments losses/(gains)(2,526)(118)
Bank fees and amortization of debt issuance costs
76 43 
Components of net periodic pension and postretirement cost other than service cost821 668 
Other(540)(2,283)
Total other (income)/expense, net$983 $(2,982)
Other (income)/expense, net, included foreign currency related transactions which resulted in losses of $3.2 million in the three months ended March 31, 2025, as compared to gains of $1.3 million in the same periods last year. In addition, changes in the fair value of derivative instruments included gains of $2.5 million in the three months ended March 31, 2025, as compared to gains of $0.1 million in the same period last year, driven by currency rate movements, most notably the Brazilian Real and Mexican Peso.