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Pension and Other Post Retirement Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2024

Retirement Benefits [Abstract]

Components of Net Periodic Benefit Cost for Company's Defined Benefit Plans

The components of net periodic benefit cost for the Company’s defined benefit plans for the years ended December 31, 2024, 2023 and 2022 were as follows:

		U.S. Plan												German Plan
		Year Ended December 31,												Year Ended December 31,
		2024				2023				2022				2024				2023				2022
Net periodic benefit cost:
Service cost		$	—			$	—			$	—			$	—			$	—			$	—
Interest cost			101				115				56				234				217				92
Expected return on plan assets			—				—				—				(130	)			(115	)			(109	)
Amortization of prior service cost and actuarial loss			—				—				22				19				23				114
Net periodic benefit cost		$	101			$	115			$	78			$	123			$	125			$	97
Assumptions:
Discount rate			4.45	%			4.65	%			1.80	%			4.56	%			4.10	%			1.08	%
Long-term return on assets		N/A				N/A				N/A					3.20	%			3.20	%			2.90	%

Reconciliation of Change in Benefit Obligation, Change in Plan Assets and Balance Sheet Classification

A reconciliation of the change in benefit obligation and the change in plan assets for the years ended December 31, 2024 and 2023 is as follows:

		U.S. Plan								German Plan
		As of December 31,								As of December 31,
		2024				2023				2024				2023
Change in projected benefit obligation:
Balance at beginning of year		$	2,602			$	2,811			$	5,406			$	5,398
Interest cost			101				115				234				217
Paid pension distributions			(342	)			(342	)			(256	)			(290	)
Actuarial (gain) loss			(30	)			18				1,259				(89	)
Exchange rate impact			—				—				(362	)			170
Balance at end of year		$	2,331			$	2,602			$	6,281			$	5,406
Change in plan assets:
Balance at beginning of year		$	—			$	—			$	4,145			$	3,918
Actual return on plan assets			—				—				104				98
Contributions			—				—				—				—
Paid pension distributions			—				—				—				—
Exchange rate impact			—				—				(244	)			129
Balance at end of year		$	—			$	—			$	4,005			$	4,145
Underfunded Status		$	(2,331	)		$	(2,602	)		$	(2,276	)		$	(1,261	)
Balance sheet classification:
Other current liabilities		$	(342	)		$	(357	)		$	(248	)		$	(297	)
Pension benefit obligation			(1,989	)			(2,245	)			(2,028	)			(964	)
Accumulated other comprehensive loss (pre-tax):
Actuarial losses			194				223				2,063				899
Assumptions:
Discount rate			4.85	%			4.45	%			3.38	%			4.56	%

Summary of Pre-tax Amounts in AOCI Expected to Be Recognized in Net Periodic Benefit Cost

Pre-tax amounts included in AOCI that are expected to be recognized in net periodic benefit cost during the year ended December 31, 2025 are as follows:

		U.S Plan				German Plan
Actuarial losses		$	—			$	71

Summary of Accumulated Benefit Obligations

The accumulated benefit obligations were as follows:

		U.S. Plan								German Plan
		As of December 31,								As of December 31,
		2024				2023				2024				2023
Accumulated benefit obligation		$	2,331			$	2,602			$	6,281			$	5,406

Schedule of Future Expected Pension Payments

The schedule of future expected pension payments is as follows:

		Projected Pension Benefit Payments
Year		U.S Plan				German Plan
2025		$	342			$	248
2026			342				249
2027			342				249
2028			342				247
2029			342				1,628
2030-2033			1,026				1,565
Total		$	2,736			$	4,186

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Tabular disclosure of benefit obligations including accumulated benefit obligation and projected benefit obligation.

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Tabular disclosure of the amounts related to pension plans and/or other employee benefit plans in accumulated other comprehensive income (loss) expected to be recognized as components of net periodic benefit cost over the next fiscal year, including the net gain (loss), net prior service cost or credit, and net transition asset or obligation.

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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.

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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.

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