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OTHER (EXPENSE)/INCOME, NET
 6 Months Ended
Jun. 30, 2025
Disclosure of Other Income and Expense [Abstract]  
OTHER (EXPENSE)/INCOME, NET OTHER (EXPENSE)/INCOME, NET
The following table summarizes the total other (expense)/income, net:
Three months ended June 30,Six months ended June 30,
(Dollars in thousands)2025202420252024
Foreign currency exchange (loss)/gain, net$(109,993)$12,187 $(165,185)$60,704 
Other income, net1,865 248 2,549 1,412 
Total other (expense)/income, net$(108,128)$12,435 $(162,636)$62,116 

The foreign currency exchange (loss)/gain, net is comprised mainly of the unrealized foreign exchange (loss)/gain that was primarily related to changes in the intercompany loan balances and cash balances as a result of exchange rate changes between USD and EUR.