Quarterly report pursuant to Section 13 or 15(d)

Other Income (Expense), net

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Other Income (Expense), net
9 Months Ended
Sep. 30, 2014
Other expense, net [Abstract]  
Other Income (expense), net

10 - Other Income (Expense), net

Other income (expense), net consisted of (in thousands):

 

Three Months Ended September 30,

Nine Months Ended September 30,

 

2014

2013

2014

2013

 

 

 

 

 

Interest income

$(28)

$4

$108

$68

Interest expense

(104)

(138)

(486)

(1,084)

Foreign currency gain (loss)

(785)

(165)

216

(215)

Other

(530)

(281)

(178)

(206)

Total other expense, net

$(1,447)

$(580)

$(340)

$(1,437)

 

 

 

 

 

 

During the second quarter 2014 we identified an error related to the classification of revaluation of two intercompany loans acquired in the purchase of Nicolet. The revaluation of these loans was recorded to Other Comprehensive Income rather than Foreign Currency Gain or Loss. This resulted in a $1.2 million reclassification from Other Comprehensive Income to Foreign Currency Gains in the second quarter of 2014.