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Pension and Other Postretirement Benefits (Tables)
12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
Schedule of Change in Benefit Obligation, Change in Plan Assets and Funded Status
The following table presents the change in benefit obligation, change in plan assets and funded status for the Company's defined benefit and postretirement benefit plans for the year ended December 31, 2025:
(in thousands)Pension
Benefits
(Underfunded)
Pension
Benefits
(Overfunded)
Postretirement
Benefits
Change in projected benefit obligation ("PBO")   
Benefit obligation at December 31, 2024
$211,984 $18,555 $11,298 
Service cost4,983 — 322 
Interest cost10,239 1,047 549 
Actuarial loss (gain)2,916 (338)(103)
Curtailments— (309)— 
Settlements(27,344)— — 
Participants’ contributions— — 741 
Benefit payments(4,472)(1,236)(1,295)
Deconsolidation of VIE gain(233)— — 
Foreign currency translation848 1,403 — 
Projected benefit obligation at December 31, 2025
198,921 19,122 11,512 
Accumulated benefit obligation at December 31, 2025
184,945 19,122 11,512 
Change in plan assets
Fair value of plan assets at December 31, 2024
140,288 22,848 — 
Return on plan assets11,280 103 — 
Employer contributions11,883 247 554 
Participants’ contributions— — 741 
Settlements(27,344)— — 
Benefit payments(4,472)(1,236)(1,295)
Deconsolidation of VIE gain(175)— — 
Foreign currency translation31 1,732 — 
Fair value of plan assets at December 31, 2025
131,491 23,694 — 
Funded status (fair value of plan assets less PBO)$(67,430)$4,572 $(11,512)
The following table presents the change in benefit obligation, change in plan assets and funded status for the Company's defined benefit and postretirement benefit plans for the year ended December 31, 2024:
(in thousands)Pension
Benefits
(Underfunded)
Pension
Benefits
(Overfunded)
Postretirement
Benefits
Change in projected benefit obligation   
Benefit obligation at December 31, 2023
$219,642 $20,559 $11,428 
Service cost5,321 — 333 
Interest cost9,761 953 519 
Actuarial gain(946)(1,678)(208)
Curtailments(176)— — 
Settlements(16,046)— — 
Participants’ contributions— — 745 
Benefit payments(4,404)(986)(1,519)
Foreign currency translation(1,168)(293)— 
Projected benefit obligation at December 31, 2024
211,984 18,555 11,298 
Accumulated benefit obligation at December 31, 2024
195,080 18,308 11,298 
Change in plan assets
Fair value of plan assets at December 31, 2023
154,216 26,557 — 
Return on plan assets(3,533)(2,367)— 
Employer contributions10,183 — 774 
Participants’ contributions— — 745 
Settlements(16,046)— — 
Benefit payments(4,404)(986)(1,519)
Foreign currency translation(128)(356)— 
Fair value of plan assets at December 31, 2024
140,288 22,848 — 
Funded status (fair value of plan assets less PBO)$(71,696)$4,293 $(11,298)
Schedule of Amount of Pension and Postretirement Assets and Liabilities Recognized on Consolidated Balance Sheets
The amount of pension and postretirement assets and liabilities recognized on the consolidated balance sheets was as follows:
 Pension BenefitsPostretirement Benefits
December 31, December 31, 
(in thousands)2025202420252024
Other assets$4,572 $4,293 $— $— 
Accrued compensation and benefits(9,193)(7,596)(993)(988)
Accrued pension and other postretirement benefits(58,237)(64,100)(10,519)(10,310)
Net liability recognized$(62,858)$(67,403)$(11,512)$(11,298)
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss)
The amounts in accumulated other comprehensive loss, net of tax on the consolidated balance sheets that have not yet been recognized as components of net periodic benefit cost (credit) were as follows:
 Pension BenefitsPostretirement Benefits
 Year ended December 31, Year ended December 31, 
(in thousands)202520242023202520242023
Net actuarial (loss) gain at beginning of year$(33,848)$(23,944)$(28,208)$7,593 $8,656 $7,283 
Actuarial gain (loss)700 (10,625)4,695 103 208 2,403 
Curtailment impact309 128 — — — — 
Settlement impact2,270 104 (39)— — — 
Amortization of actuarial loss (gain) 289 234 94 (1,032)(1,134)(893)
Amortization of prior service cost (credit)89 95 182 (4)(137)(137)
Deconsolidation of VIE gain(61)— — — — — 
Foreign currency translation(990)160 (668)— — — 
Net actuarial (loss) gain at end of year$(31,242)$(33,848)$(23,944)$6,660 $7,593 $8,656 
Schedule of Components of Net Periodic Benefit Cost
Components of net periodic benefit cost (credit) were as follows: 
 Pension BenefitsPostretirement Benefits
 Year ended December 31, Year ended December 31, 
(in thousands)202520242023202520242023
Components of net periodic benefit cost (credit)      
Service cost$4,983 $5,321 $5,679 $322 $333 $429 
Interest cost11,286 10,714 11,316 549 519 662 
Expected return on plan assets(8,105)(7,349)(7,858)— — — 
Curtailment income— (48)— — — — 
Settlements2,270 104 (39)— — — 
Amortization of net loss (gain) 289 234 94 (1,032)(1,134)(893)
Amortization of prior service cost (credit)89 95 182 (4)(137)(137)
Net periodic benefit cost (credit)$10,812 $9,071 $9,374 $(165)$(419)$61 
Schedule of Weighted Average Assumptions used to Determine Future Benefit Obligations and Net Periodic Benefit Cost
The weighted average assumptions used to determine benefit obligations at December 31, 2025 and 2024 were as follows:
 Pension BenefitsPostretirement Benefits
 2025202420252024
Discount rate5.43 %5.57 %5.19 %5.54 %
Rate of compensation increase3.82 %3.81 %N/AN/A
The weighted average assumptions used to determine net periodic benefit cost (credit) for the years ended December 31, 2025, 2024 and 2023 were as follows:
 Pension BenefitsPostretirement Benefits
 202520242023202520242023
Discount rate5.57 %4.93 %5.16 %5.54 %4.92 %5.10 %
Expected long-term rate of return on plan assets4.52 %3.75 %3.91 %N/AN/AN/A
Rate of compensation increase3.81 %3.80 %3.81 %N/AN/AN/A
Schedule of Assumed Healthcare Cost Trend Rates used to Determine Benefit Obligations and Net Cost
The assumed healthcare cost trend rates used to determine benefit obligations and net periodic benefit cost (credit) for postretirement benefits as of and for the years ended December 31, 2025, 2024 and 2023 were as follows:
 202520242023
Healthcare cost trend rate assumed for next year
6.75%/11.00%
7.00%/11.75%
7.00%/8.50%
Rate that the cost trend rate is assumed to decline
(the ultimate trend rate)
4.50 %4.50 %4.50 %
Year that the rate reaches the ultimate trend rate203620352033
Schedule of Pension Assets by Major Category of Plan Assets and Type of Fair Value Measurement
Pension assets by major category of plan assets and the type of fair value measurement as of December 31, 2025 were as follows:
(in thousands)TotalQuoted Prices in
Active Markets for
Identical Assets
(Level 1)
Significant
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Asset category    
Cash$132 $132 $— $— 
Fixed income securities24,239 — 24,239 — 
$24,371 $132 $24,239 $— 
Commingled funds
Measured at net asset value130,814 
 $155,185 
Pension assets by major category of plan assets and the type of fair value measurement as of December 31, 2024 were as follows:
(in thousands)TotalQuoted Prices in
Active Markets for
Identical Assets
(Level 1)
Significant
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Asset category    
Cash$359 $359 $— $— 
Fixed income securities23,123 — 23,123 — 
$23,482 $359 $23,123 $— 
Commingled funds
Measured at net asset value139,654 
 $163,136 
Schedule of Estimated Future Retirement Benefit Payments
The following retirement benefit payments, which reflect expected future service, are expected to be paid as follows:
(in thousands)Pension
Benefits
Postretirement
Benefits
Year ending December 31,  
2026$28,813 $993 
202718,398 1,097 
202819,733 1,109 
202919,426 1,093 
203020,314 1,152 
Thereafter98,869 5,714 
 $205,553 $11,158