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Pension Plans | 6 Months Ended
--- | ---
Jun. 30, 2024
Retirement Benefits [Abstract] |
Pension Plans | Pension Plans Foreign Defined Benefit Pension Plans Our subsidiaries in Japan, Korea, Malaysia, the Philippines and Taiwan sponsor defined benefit pension plans. Charges to expense are based upon actuarial analyses. The components of net periodic pension cost for these defined benefit pension plans are as follows:
| For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
| (In thousands)
Service cost | $ | 3,356 |  |  | $ | 3,697 |  |  | $ | 6,840 |  |  | $ | 7,525 |
Interest cost | 1,412 |  |  | 1,558 |  |  | 2,871 |  |  | 3,161 |
Expected return on plan assets | (1,369) |  |  | (1,278) |  |  | (2,787) |  |  | (2,589) |
Recognized actuarial gain | (96) |  |  | (105) |  |  | (193) |  |  | (203) |
Net periodic pension cost | $ | 3,303 |  |  | $ | 3,872 |  |  | $ | 6,731 |  |  | $ | 7,894 |
The components of net periodic pension cost other than the service cost component are included in other (income) expense, net in our Consolidated Statements of Income. Defined Contribution Pension Plans We sponsor defined contribution pension plans in Korea, Malaysia, Taiwan and the U.S. The following table summarizes our defined contribution expense:
| For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
| (In thousands)
Defined contribution expense | $ | 6,065 |  |  | $ | 6,253 |  |  | $ | 14,479 |  |  | $ | 15,049 |

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