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Retirement Benefits
 9 Months Ended
Sep. 30, 2024
Retirement Benefits [Abstract]  
Retirement Benefits

Note 11. Retirement Benefits

Defined severance benefits

The following table provides the components of net periodic benefit costs (income):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30, 2024

 

 

September 30, 2023

 

 

September 30, 2024

 

 

September 30, 2023

 

 

 

(in thousands of USD)

 

 

(in thousands of USD)

 

Current service costs

 

$

1,337

 

 

$

1,911

 

 

$

4,021

 

 

$

6,084

 

Interest expense

 

 

323

 

 

 

376

 

 

 

979

 

 

 

1,137

 

Actuarial gain

 

 

(2,449

)

 

 

(2,556

)

 

 

(7,419

)

 

 

(7,735

)

Net periodic benefit income

 

$

(789

)

 

$

(269

)

 

$

(2,419

)

 

$

(514

)

 

Defined severance contribution

Defined severance expense was $0.3 million and $0.5 million for the three months ended September 30, 2024 and 2023, and $2.2 million and $1.9 million for the nine months ended September 30, 2024 and 2023, respectively.