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Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2023

Retirement Benefits [Abstract]

Schedule of net periodic pension cost

Components of net periodic pension cost included in earnings:

			Years Ended December 31,
(In thousands)			2023						2022						2021
Service cost (gross)			$	879					$	1,107					$	1,587
Interest cost			560						138						53
Expected return on plan assets			(358)						(288)						(302)
Amortization of unrecognized actuarial gain			(265)						(90)						(12)
Net periodic pension cost			$	816					$	867					$	1,326

Summary of net unfunded status of pension plans

The net unfunded status of the Non-U.S. pension plans as of December 31, 2023 and 2022, is as follows:

			December 31,
(In thousands)			2023						2022
Fair value of plan assets			$	16,460					$	15,415
Projected benefit obligation			(19,014)						(17,715)
Net unfunded benefit obligation			$	(2,554)					$	(2,300)

Schedule of change in the fair value of plan assets

The change in the fair value of plan assets is as follows:

			Years Ended December 31,
(In thousands)			2023						2022
Fair value of plan assets at January 1			$	15,415					$	17,394
Employee contributions			406						437
Actual return on plan assets			461						(288)
Benefits (paid), net of transfers			(1,487)						(2,361)
Employer contributions			864						911
Foreign exchange adjustment			801						(678)
Fair value of plan assets at December 31			$	16,460					$	15,415

Schedule of change in benefit obligations

The change in benefit obligations is as follows:

			Years Ended December 31,
(In thousands)			2023						2022
Benefit obligations at January 1			$	17,715					$	24,855
Gross service cost			879						1,107
Interest cost			560						138
Employee contributions			406						437
Actuarial (gains)/losses			313						(4,676)
Benefits (paid), net of transfers			(1,487)						(2,361)
Curtailments & settlements			(285)						(799)
Foreign exchange adjustment			913						(986)
Benefit obligations at December 31			$	19,014					$	17,715

Summary of weighted average assumptions

The following range of assumptions between all plans were utilized in the pension calculations:

			December 31,
			2023												2022
			(%)
Discount rates			1.40			-			4.10						2.15			-			3.50
Inflation			1.25			-			2.20						1.25			-			2.20
Expected return on plan assets			2.00			-			2.50						2.00			-			2.50
Rate of salary increases			2.25			-			3.20						2.25			-			3.20

Schedule of projected future pension benefits

Projected future pension benefits as of December 31, 2023 (in thousands):

2024			$	479
2025			$	558
2026			$	1,146
2027			$	417
2028			$	503
Beyond			$	5,681

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Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate.

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Tabular disclosure of the reconciliation of beginning and ending balances of the fair value of plan assets of pension plans and/or other employee benefit plans showing separately, if applicable, the effects during the period attributable to each of the following: actual return on plan assets, foreign currency exchange rate changes, contributions by the employer, contributions by plan participants, benefits paid, business combinations, divestitures, and settlements.

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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.

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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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Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

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Tabular disclosure of net funded status of pension plans and/or other employee benefit plans.

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