Quarterly report pursuant to Section 13 or 15(d)

Other Income, Net

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Other Income, Net
6 Months Ended
Jun. 30, 2024
Other Income and Expenses [Abstract]  
Other Income, Net Other Income, Net
Other income, net, includes interest earned on our cash balances, other employee pension costs, and miscellaneous income (expense).

Other income, net for the three and six months ended June 30, 2024 and 2023 was as follows (in thousands):

Three Months Ended
June 30,
Six Months Ended
June 30,
  2024 2023 2024 2023
Other income, net:
Interest earned on cash and cash equivalents, net $ 10,761  $ 6,741  $ 20,562  $ 11,999 
Other employee pension costs 143  130  285  258 
Miscellaneous income (expense), net (1)
2,316  —  2,316 
Total other income, net $ 13,220  $ 6,871  $ 23,163  $ 12,260 
(1)During the three months ended June 30, 2024, miscellaneous income (expense), net includes $1.9 million of proceeds from a settlement with a title company regarding a defect in title to property acquired in a prior year.