XML 65 R49.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Employee Benefit Plans (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Retirement Benefits [Abstract] |
Schedule of Employee Benefit Plan | The table below presents the expense for matching contributions for the following periods:
| Year Ended
| December 31, 2024 |  | December 31, 2023
Total expense for matching contributions | $ | 2,672 |  |  | $ | 2,367 |
Schedule of Post Retirement Benefit Obligation | The following table provides a summary of the funded status of the Company’s post-retirement benefit plans and the presentation of such balances within the consolidated balance sheets:
| December 31, 2024 |  | December 31, 2023 |  |
| Base Plan |  | Performance Plans |  | Base Plan |  | Performance Plans |  |  |  |
Projected benefit obligations | $ | 6,867 |  |  | $ | 3,233 |  |  | $ | 6,649 |  |  | $ | 3,077 |  |  |  |  |
Fair value of plan assets | 6,622 |  |  | 3,050 |  |  | 6,423 |  |  | 2,903 |  |  |  |  |
Funded (underfunded) status | $ | (245) |  |  | $ | (183) |  |  | $ | (226) |  |  | $ | (174) |  |  |  |  |
Consolidated Balance Sheet line item amounts: |  |  |  |  |  |  |  |  |  |  |
Other non-current liabilities | $ | (245) |  |  | $ | (183) |  |  | $ | (226) |  |  | $ | (174) |  |  |  |  |
Schedule of Reconciliation of Benefit Obligations, Plan Assets and Net Funded (Unfunded) Status | The following table provides a reconciliation of benefit obligations, plan assets and net funded (unfunded) status of our qualified defined benefit pension plans and our retiree medical and life insurance plans:
| Base Plan |  | Performance Plans
Change in benefit obligations |  |  |
Beginning balance as of December 31, 2022 | $ | 5,963 |  |  | $ | 2,486 |
Service cost | 328 |  |  | 449 |
Interest cost | 231 |  |  | 92 |
Employee contributions | 235 |  |  | — |
Benefits paid | (155) |  |  | — |
Actuarial (gain) loss | (136) |  |  | (32) |
Foreign currency translation | 183 |  |  | 82 |
Ending balance as of December 31, 2023 | $ | 6,649 |  |  | $ | 3,077 |
Service cost | 316 |  |  | 301 |
Interest cost | 248 |  |  | 110 |
Employee contributions | 259 |  |  | — |
Benefits paid | (76) |  |  | — |
Actuarial (gain) loss | (84) |  |  | (48) |
Foreign currency translation | (445) |  |  | (207) |
Ending balance as of December 31, 2024 | $ | 6,867 |  |  | $ | 3,233 |
Change in plan assets |  |  |
Beginning balance as of December 31, 2022 | $ | 5,795 |  |  | $ | 2,352 |
Expected return on plan assets | 230 |  |  | 103 |
Employee contributions | 245 |  |  | — |
Employer contributions | 386 |  |  | 444 |
Benefits paid | (155) |  |  | — |
Actuarial gain (loss) | (115) |  |  | (65) |
Expenses paid | (140) |  |  | (9) |
Foreign currency translation | 177 |  |  | 78 |
Beginning balance as of December 31, 2023 | $ | 6,423 |  |  | $ | 2,903 |
Expected return on plan assets | 255 |  |  | 104 |
Employee contributions | 259 |  |  | — |
Employer contributions | 463 |  |  | 291 |
Benefits paid | (76) |  |  | — |
Actuarial gain (loss) | (110) |  |  | (47) |
Expenses paid | (162) |  |  | (6) |
Foreign currency translation | (430) |  |  | (195) |
Ending balance as of December 31, 2024 | $ | 6,622 |  |  | $ | 3,050 |
Funded (underfunded) status as of December 31, 2023 | $ | (226) |  |  | $ | (174) |
Funded (underfunded) status as of December 31, 2024 | (245) |  |  | (183) |
Schedule of Net Periodic Benefit Income | The following table provides the components of net periodic benefit cost and other amounts recognized in the consolidated statements of operations during the periods presented:
| Year Ended
| December 31, 2024 |  | December 31, 2023
| Base Plan |  | Performance Plans |  | Base Plan |  | Performance Plans
Net periodic benefit cost: |  |  |  |  |  |  |
Service cost | $ | 316 |  |  | $ | 301 |  |  | $ | 328 |  |  | $ | 449 |
Interest cost | 248 |  |  | 110 |  |  | 231 |  |  | 92 |
Expected return on plan assets | (255) |  |  | (104) |  |  | (230) |  |  | (103) |
Amortization of net actuarial (gain) loss | 26 |  |  | (1) |  |  | (22) |  |  | 32 |
Net periodic benefit cost | $ | 335 |  |  | $ | 306 |  |  | $ | 307 |  |  | $ | 470 |
Schedule of Defined Benefit Obligation And Periodic Benefit Cost | The following tables provide the assumptions used to determine the fair value of projected benefit obligations and the net periodic benefit cost, as they pertain to the Company’s cash balance plans as of December 31, 2024 and 2023:
| December 31, 2024 |  | December 31, 2023
| Base Plan |  | Performance Plans |  | Base Plan |  | Performance Plans
Discount rate | 3.54 | % |  | 3.01%-3.28% |  | 3.90 | % |  | 3.45%-3.67%
Expected return on plan assets | 3.54 | % |  | 3.01%-3.28% |  | 3.90 | % |  | 3.45%-3.67%
Retirement age | 65 |  | 65-67 |  | 65 |  | 65-67
Schedule of Insurance Contracts | The following table presents the fair value of the plan assets, represented by the Company’s investment in insurance contracts as of the respective dates:
| December 31, 2024 |  | December 31, 2023 |  |
| Base Plan |  | Performance Plans |  | Base Plan |  | Performance Plans |  |  |  |
Insurance contracts at cash surrender value | $ | 6,622 |  |  | $ | 3,050 |  |  | $ | 6,423 |  |  | $ | 2,903 |  |  |  |  |
Schedule of Contributions | The following table presents contributions made by the employee and employer for the period presented as well as the following year:
| Year Ended December 31, 2024 |  | Year Ended December 31, 2023
Contributions by: | Base Plan |  | Performance Plans |  | Base Plan |  | Performance Plans
Employee | $ | 259 |  |  | $ | — |  |  | $ | 245 |  |  | $ | — |
Employer | 463 |  |  | 291 |  |  | 386 |  |  | 444 |
Contributions expected to be made in 2025: |  |  |  |  |  |  |
Employee | $ | 263 |  |  | $ | 251 |  |  |  |  |
Employer | 470 |  |  | 449 |  |  |  |  |
Schedule of Defined Benefit Plan, Expected Future Benefit Payment | The following table provides the projected timing of payments for benefits earned to date and benefits expected to be earned for future service by current active employees under our defined benefit plan:
Year | Base Plan |  | Performance Plans
2025 | $ | 85 |  |  | $ | — |
2026 | 452 |  |  | — |
2027 | — |  |  | — |
2028 | 411 |  |  | — |
2029 | 552 |  |  | 620 |
Years 2030 - 2034 | 1,371 |  |  | 2,730 |

X
- Definition Defined Benefit Plan, Expected Future Benefit Payment + References No definition available. + Details
Name: | rdw_DefinedBenefitPlanExpectedFutureBenefitPaymentTableTextBlock
Namespace Prefix: | rdw_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in the benefit obligation, fair value of plan assets, and funded status of pension plans or other employee benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Subparagraph (a)(b)(c) -Paragraph 1 -SubTopic 20 -Topic 715 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ChangesInProjectedBenefitObligationsFairValueOfPlanAssetsAndFundedStatusOfPlanTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of defined contribution pension plans or defined contribution other postretirement plans, separately for pension plans and other postretirement benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 70 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480794/715-70-50-1 + Details
Name: | us-gaap_DefinedContributionPlanDisclosuresTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Subparagraph (d)(5) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in the benefit obligation of pension plans and/or other employee benefit plans from the beginning to the end of the period, showing separately, if applicable, the effects of the following: service cost, interest cost, contributions by plan participants, actuarial gains and losses, foreign currency exchange rate changes, benefits paid, plan amendments, business combinations, divestitures, curtailments, settlements, and special and contractual termination benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Subparagraph (a) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfChangesInProjectedBenefitObligationsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in plan assets and benefit obligations recognized in other comprehensive income (loss) during the period. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 20 -Topic 715 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480482/715-20-55-17 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-3 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-4 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-2 + Details
Name: | us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Subparagraph (f) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration