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Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2024

Defined Benefit Plan Disclosure [Line Items]

Summary of Funded Status of the United Kingdom and France Defined Benefit Pension Plans

The following table summarizes the funded status of the United Kingdom and France defined benefit pension plans as follows:

		December 31, 2024								December 31, 2023
		France				United Kingdom				France				United Kingdom
		(in thousands)
Fair value of plan assets, beginning of year		$	—			$	71,602			$	—			$	67,423
Actual return on assets			—				(6,308	)			—				113
Company contribution			—				3,478				—				3,395
Benefits paid			—				(2,728	)			—				(3,135	)
Foreign exchange			—				(1,188	)			—				3,806
Plan assets, end of year		$	—			$	64,856			$	—			$	71,602
Projected pension obligation, beginning of year		$	(2,806	)		$	(75,678	)		$	(2,758	)		$	(68,870	)
Service costs			(132	)			—				(135	)			—
Interest costs			(79	)			(3,323	)			(83	)			(3,314	)
Actuarial gains (losses)			(115	)			10,110				(28	)			(2,681	)
Benefits paid			390				2,728				303				3,135
Foreign exchange			173				1,308				(105	)			(3,948	)
Projected pension obligation, end of year			(2,569	)			(64,855	)			(2,806	)			(75,678	)
Overfunded (underfunded) status, end of year		$	(2,569	)		$	1			$	(2,806	)		$	(4,076	)

Summary of Accumulated Benefit Obligation

		December 31, 2024								December 31, 2023
		France				United Kingdom				France				United Kingdom
		(In thousands)
Accumulated benefit obligation, end of year		$	1,960			$	63,478			$	2,207			$	73,510
Accumulated benefit obligation, beginning of year			2,207				73,510				2,126				67,283

Summary of Amounts Recognized in Accumulated Other Comprehensive Loss

Amounts recognized in accumulated other comprehensive loss consist of the following amounts:

		As of December 31,
		2024				2023
		(in thousands)
Cumulative gross unrecognized, net actuarial loss		$	(3,964	)		$	(4,348	)
Related tax impact			952				1,092
Total included in accumulated other comprehensive loss		$	(3,012	)		$	(3,256	)

Schedule of Net periodic Benefit Cost Charged to Consolidated Statement of Operations

The net periodic benefit cost charged to the Consolidated Statements of Operations includes the following components (in thousands):

		Year ended December 31
		2024				2023				2022
Service cost		$	132			$	135			$	148
Interest cost			3,402				3,397				2,141
Expected return on plan assets			(3,406	)			(3,207	)			(3,390	)
Amortization of net (gain) loss			(76	)			(78	)			(655	)
		$	52			$	247			$	(1,756	)

Schedule of Principal Long-term Assumptions

The principal long-term assumptions on which the valuation was based are as follows:

		France				United Kingdom				France				United Kingdom
		2024				2024				2023				2023
Discount rate to determine benefit obligations			3.40	%			5.54	%			3.25	%			4.55	%
Discount rate – to determine net periodic benefit cost			3.40	%			4.55	%			3.10	%			4.77	%
Compensation growth rate			3.00	%			3.83	%			3.00	%			3.71	%
Expected return on plan assets – Scheme		n/a					6.10	%		n/a					4.83	%
Expected return on plan assets – Plan		n/a					5.47	%		n/a					4.79	%

Schedule of Allocation of Plan Assets

The fair value of plan assets for the United Kingdom defined benefit plans by major category were as follows:

		As of December 31, 2024
		Level 1				Level 2				Level 3				Total
		(in thousands)
Cash		$	3,546			$	—			$	—			$	3,546
Equity funds:
International equities			—				6,492				—				6,492
Emerging market equities			—				907				—				907
Fixed income funds:
U.S. and international government bonds			—				25,494				—				25,494
Corporate bonds			—				11,699				4,305				16,004
Emerging market bonds			—				1,784				—				1,784
Real estate and property funds			—				—				7,489				7,489
Hedge funds			—				1,988				—				1,988
Other funds			—				—				1,152				1,152
Fair value of pension assets		$	3,546			$	48,364			$	12,946			$	64,856

The fair value of plan assets for the United Kingdom defined benefit plans by major category were as follows:

		As of December 31, 2023
		Level 1				Level 2				Level 3				Total
		(in thousands)
Cash		$	165			$	—			$	—			$	165
Equity funds:
International equities			—				7,321				—				7,321
Emerging market equities			—				913				—				913
Fixed income funds:
U.S. and international government bonds			—				32,944				—				32,944
Corporate bonds			—				13,892				3,658				17,550
Emerging market bonds			—				2,185				—				2,185
Real estate and property funds			—				—				7,859				7,859
Hedge funds			—				1,356				—				1,356
Other funds			—				—				1,309				1,309
Fair value of pension assets		$	165			$	58,611			$	12,826			$	71,602

Schedule of Level 3 Pension Assets

The following table represents the reconciliation of the Level 3 pension assets measured at fair value:

		Corporate Bonds funds				Real Estate and Property funds				Other funds				Total
		(in thousands)
Balance, December 31, 2022			5,969				5,396				1,406				12,771
Purchases			—				2,612				4				2,616
Sales			(3,268	)			(199	)			(9	)			(3,476	)
Change in market value:			620				138				(559	)			199
Foreign exchange			337				(88	)			467				716
Balance, December 31, 2023		$	3,658			$	7,859			$	1,309			$	12,826
Sales			—				(482	)			(13	)			(495	)
Change in market value:			711				259				(69	)			901
Foreign exchange			(64	)			(147	)			(75	)			(286	)
Balance, December 31, 2024		$	4,305			$	7,489			$	1,152			$	12,946

Schedule of Estimated Benefit Payments

Future estimated benefit payments over the next 10 years from the United Kingdom and France defined benefit plans for the years ending December 31 and thereafter are as follows (in thousands) :

2025		$	2,942
2026			2,964
2027			3,081
2028			3,448
2029			3,474
Thereafter (2030-2034)			18,192
Total		$	34,101

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