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Pension and Post-retirement Benefit Obligations
 12 Months Ended
Dec. 31, 2024
Postemployment Benefits [Abstract]  
Pension and Post-retirement Benefit Obligations Pension and Post-retirement Benefit Obligations
The Company acquired various non-qualified defined benefit pension plans in the U.S. (the "Plan"). Individual benefits under the Plan generally are based on the employee’s years of creditable service and compliance with non-compete agreements. The plan is unfunded and there are no plan assets. The pension benefit obligations were measured as of December 31, 2024 and 2023. There were no contributions made to the Plan as of December 31, 2024 and 2023.
The following tables provide reconciliations of the changes in the Plans’ benefit obligations as of December 31, 2024 and 2023:
(Amounts in thousands)December 31, 2024December 31, 2023
Change in benefit obligation
Benefit obligation at beginning of year$5,046 $5,087 
Service cost39 41 
Interest cost276 273 
Direct benefit payments(296)(303)
Net transfers in
559 – 
Actuarial gain(598)(52)
Benefit obligation at end of year$5,026 $5,046 
The following table sets forth the amounts recognized in the consolidated balance sheets as of December 31, 2024 and 2023:
(Amounts in thousands)December 31, 2024December 31, 2023
Amount recognized in the consolidated balance sheets:
Accounts payable and accrued liabilities, current portion$(308)$(392)
Post-retirement obligation, less current portion(4,718)(4,654)
Net amount recognized in the balance sheet$(5,026)$(5,046)

There are no required minimum contributions for the pension plans and pension costs are determined using the assumptions as of the beginning of the plan year.