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Pension Plans | 3 Months Ended
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Mar. 31, 2025
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 March 31, |  |
| 2025 |  | 2024 |  |  |  |
| (In thousands)
Service cost | $ | 3,261 |  |  | $ | 3,484 |  |  |  |  |
Interest cost | 1,434 |  |  | 1,459 |  |  |  |  |
Expected return on plan assets | (1,279) |  |  | (1,418) |  |  |  |  |
Recognized actuarial gain | (119) |  |  | (97) |  |  |  |  |
Net periodic pension cost | $ | 3,297 |  |  | $ | 3,428 |  |  |  |  |
Curtailment gain | (434) |  |  | — |  |  |  |  |
Total pension expense | $ | 2,863 |  |  | $ | 3,428 |  |  |  |  |
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 March 31, |  |
| 2025 |  | 2024 |  |  |  |
| (In thousands)
Defined contribution expense | $ | 9,304 |  |  | $ | 8,414 |  |  |  |  |

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- Definition The entire disclosure for an entity's employee compensation and benefit plans, including, but not limited to, postemployment and postretirement benefit plans, defined benefit pension plans, defined contribution plans, non-qualified and supplemental benefit plans, deferred compensation, share-based compensation, life insurance, severance, health care, unemployment and other benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 710 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/710/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 712 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/712/tableOfContent Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/715/tableOfContent Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/718/tableOfContent + Details
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