Annual report pursuant to Section 13 and 15(d)

Other Expenses, Net

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Other Expenses, Net
 12 Months Ended
Dec. 31, 2023
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,
  2023 2022 2021
(Gain) loss on derivatives $ (1,108) $ (906) $ 240 
Interest expense, net of interest income 36,169  26,423  14,361 
Amortization of debt discount and debt issuance costs 4,201  4,211  2,849 
Foreign currency transaction (gain) loss (581) 144  852 
Government incentives (576) (2,599) (1,012)
Factoring fees 5,844  —  — 
Other expenses, net $ 43,949  $ 27,273  $ 17,290 
Estimated amortization expense for existing debt discount and debt issuance costs for the next five succeeding fiscal years is as follows:
Estimated Amortization
2024 $ 5,801 
2025 $ 3,158 
2026 $ 2,363 
2027 $ 1,378 
2028 $ 1,245