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Pension Plans (Tables)

12 Months Ended

Dec. 31, 2024

Retirement Benefits [Abstract]

Summary of U.S. Plans

A summary of the U.S. Plan follows for the year ended December 31:

			2024						2023						2022
Service cost			$	—					$	—					$	—
Interest cost			1,540						1,568						1,185
Expected return on plan assets			(1,940)						(2,017)						(2,455)
Recognized net actuarial loss			445						463						445
Net periodic pension expense (benefit)			$	45					$	14					$	(825)

Schedule of Changes in Benefit Obligations, Change in Plan Assets, Funded Status, and Amounts Recognized in Consolidated Financial Statements

The following tables set forth the changes in benefit obligations, the change in plan assets, the funded status, and amounts recognized in the consolidated financial statements for the U.S. Plan at December 31:

			2024						2023
Projected benefit obligation at beginning of the year			$	29,773					$	29,013
Interest cost			1,540						1,568
Actuarial (gain) loss			(1,557)						670
Benefits paid			(1,581)						(1,478)
Projected benefit obligation at end of year			$	28,175					$	29,773
Fair value of plan assets at beginning of the year			$	31,896					$	29,632
Actual return on plan assets			(1,221)						2,242
Employer contributions			—						1,500
Benefits paid			(1,581)						(1,478)
Fair value of plan assets at end of the year			$	29,094					$	31,896
Pension asset			$	(919)					$	(2,123)

Schedule of Amount Recognized in Accumulated Other Comprehensive Loss Related to Pension Plan

In 2024, in accordance with ASC 715-20, the Company recognized the over-funded status of the U.S. Plan as a non-current asset. The amount recognized in Accumulated other comprehensive loss related to the U.S. Plan at December 31 is comprised of the following:

			2024						2023
Balance at January 1			$	(4,478)					$	(4,492)
Reclassification adjustments:
Pre-tax amortized net actuarial loss			445						463
Tax benefit			(104)						(110)
			341						353
Adjustment to recognize loss on pension asset:
Pre-tax loss			(1,605)						(445)
Tax benefit			369						106
			(1,236)						(339)
Balance at December 31,			$	(5,373)					$	(4,478)

Schedule of Excess of U.S. Plan Assets of Accumulated Benefit Obligations

The U.S. Plan had assets in excess of accumulated benefit obligations as follows:

			2024						2023
Accumulated benefit obligation			$	28,175					$	29,773
Fair market value of assets			29,094						31,896

Schedule of Weighted-Average Assumptions Used to Determine Benefit Obligations & Net Periodic Benefit Cost

Weighted-average assumptions used to determine benefit obligations at:			2024						2023
Discount rate			5.77%						5.34%
Rate of compensation increase			n/a						n/a

Weighted-average assumptions used to determine net periodic benefit cost at:			2024						2023						2022
Discount rate			5.34%						5.55%						2.92%
Rate of compensation increase			n/a						n/a						n/a
Expected long-term return on plan assets			6.25%						7.00%						6.50%

Schedule of Weighted-Average Target Allocations of Plan Assets

The U.S. Plan weighted-average asset allocations at December 31, 2024 and 2023, by asset category, are as follows:

						Plan assets at December 31,
Asset category						2024						2023
Equity securities						—		%				18		%
Debt securities						100						77
Cash and equivalents						—						5
						100		%				100		%

In recognition of the expected returns and volatility from financial assets, U.S. Plan assets are invested in the following ranges with the target allocation noted below. The Company reassesses the target allocations periodically:

			Range						Target
Equities			—%						—%
Fixed Income			100%						100%
Cash Equivalents			—%						—%

Schedule of Aggregate Benefits Expected to be Paid Out of U.S. Plan Assets

If the U.S. Plan is not terminated, the benefits expected to be paid out of the U.S. Plan assets in each of the next five years and the aggregate benefits expected to be paid for the subsequent five years are as follows:

Year						Pension Benefits
2025						$	1,618
2026						1,675
2027						1,756
2028						1,827
2029						1,874
2030-2034						10,268

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