XML 28 R19.htm IDEA: XBRL DOCUMENT
v3.23.3

Employee Benefits | 9 Months Ended
--- | ---
Sep. 30, 2023
Retirement Benefits [Abstract] |
Employee Benefits | Employee Benefits Defined Benefit Plans According to the French law and the Syntec Collective Agreement, French employees are entitled to compensation paid on retirement. The following table summarizes the changes in the projected benefit obligation:
| Projected benefit obligation
| (in thousands)
Projected benefit obligation present value at January 1, 2022 | $ | 5,531 |
Service cost | 1,756 |
Interest cost | 73 |
Actuarial losses (gains) | (3,311) |
Currency translation adjustment | (341) |
Projected benefit obligation present value at December 31, 2022 | $ | 3,708 |
Service cost | 532 |
Interest cost | 120 |
Actuarial losses (gains) | (283) |
Currency translation adjustment | (43) |
Projected benefit obligation present value at September 30, 2023 | $ | 4,034 |
The Company does not hold any plan assets for any of the periods presented. The main assumptions used for the purposes of the actuarial valuations are listed below:
| Nine Months Ended |  | Year Ended
| September 30, 2023 |  | December 31, 2022
Discount rate (Corp AA) | 4.55% |  | 4.25%
Expected rate of salary increase | 5% |  | 5%
Expected rate of social charges | 48% |  | 48%
Expected staff turnover | 0% - 17.8% |  | 0% - 17.8%
Estimated retirement age | Progressive table |  | Progressive table
Life table | TH-TF 2000-2002 shifted |  | TH-TF 2000-2002 shifted
Defined Contribution Plans The total expense represents contributions payable to these plans by us at specified rates. In some countries, the Group’s employees are eligible for pension payments and similar financial benefits. The Group provides these benefits via defined contribution plans. Under defined contribution plans, the Group has no obligation other than to pay the agreed contributions, with the corresponding expense charged to income for the year. The main contributions relate to France, the United States (for 401k plans), and the United Kingdom.
| Three Months Ended |  | Nine Months Ended
| September 30, 2023 | September 30, 2022 |  | September 30, 2023 | September 30, 2022
| (in thousands)
Defined contributions plans included in personnel expenses | $ | (4,694) |  | $ | (3,590) |  |  | $ | (14,308) |  | $ | (13,726) |

X
- 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
Name: | us-gaap_CompensationAndEmployeeBenefitPlansTextBlock
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