Annual report pursuant to Section 13 and 15(d)

Other Expenses, Net

v3.22.4
Other Expenses, Net
 12 Months Ended
Dec. 31, 2022
Other Income and Expenses [Abstract]  
Other Expenses, Net OTHER EXPENSES, NET
The following table presents the components of other expenses, net:
Year Ended December 31,
  2022 2021 2020
(Gain) loss on derivatives $ (906) $ 240  $ (705)
Interest expense, net of interest income 26,423  14,361  15,422 
Amortization of debt discount and debt issuance costs 4,211  2,849  2,686 
Foreign currency transaction loss (gain) 144  852  (481)
Government incentives (2,599) (1,012) (1,851)
Other expenses, net $ 27,273  $ 17,290  $ 15,071 
Estimated amortization expense for existing debt discount and debt issuance costs for the next five succeeding fiscal years is as follows:
Estimated Amortization
2023 $ 3,139 
2024 $ 2,394 
2025 $ 1,660 
2026 $ 1,127 
2027 $ 998