XML 30 R20.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Retirement Plans
 6 Months Ended
Jun. 30, 2024
Retirement Benefits [Abstract]  
Retirement Plans Retirement Plans
Deferred Compensation Plan
Deferred compensation plan expense was $883 and $3,777 for the three months ended June 30, 2024 and 2023, respectively, and $6,682 and $7,923 for the six months ended June 30, 2024 and 2023, respectively.
For the three months ended June 30, 2024 and 2023, elective participant deferrals into the Company’s unfunded amended and restated Bentley Systems, Incorporated Nonqualified Deferred Compensation Plan (the “DCP”) were $43 and $118, respectively, and $101 and $1,651 for the six months ended June 30, 2024 and 2023, respectively. No discretionary contributions were made to the DCP during the three and six months ended June 30, 2024 and 2023. As of June 30, 2024 and December 31, 2023, 14,929,874 and 17,364,980 phantom shares of the Company’s Class B common stock were distributable under the DCP, respectively. As of June 30, 2024, shares of Class B common stock available for future issuance under the DCP were 4,382,666.
The total liabilities related to the DCP is included in the consolidated balance sheets as follows:
June 30, 2024December 31, 2023
Accruals and other current liabilities$3,610 $2,355 
Deferred compensation plan liabilities91,172 88,181 
Total DCP liabilities$94,782 $90,536