Annual report pursuant to Section 13 and 15(d)

Other Expenses, Net

v3.20.4
Other Expenses, Net
 12 Months Ended
Dec. 31, 2020
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,
  2020 2019 2018
Gain on derivatives $ (705) $ (1,068) $ (121)
Interest expense, net of interest income 15,422  13,841  13,132 
Amortization of debt discount and debt issuance costs 2,686  2,229  1,894 
Foreign currency transaction (gain) loss (481) 59  1,804 
Government incentives (1,851) —  — 
Other expenses, net $ 15,071  $ 15,061  $ 16,709 

Estimated amortization expense for existing debt discount and debt issuance costs for the next five succeeding fiscal years is as follows:
Estimated Amortization
2021 $ 2,782 
2022 $ 1,734 
2023 $ 1,458 
2024 $ 1,200 
2025 $ 843