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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2024
Retirement Benefits [Abstract]  
Schedule of Information for Pension Plans
The following table summarizes information for the pension plans:
As of December 31,
20242023
(In thousands)
Change in benefit obligation:
Benefit obligation at beginning of year$3,927 $3,502 
Service cost309 264 
Interest cost123 146 
Actuarial (gain) loss(138)13 
Benefits paid(8)(41)
Taxes, insurance premiums and administrative expenses(52)(61)
Impact of foreign currency translation(222)104 
Benefit obligation at end of year$3,939 $3,927 
Change in plan assets:
Fair value of plan assets at beginning of year$3,607 $3,181 
Return on plan assets64 41 
Actuarial loss(6)— 
Employer contribution349 393 
Benefits paid(8)(41)
Taxes, insurance premiums and administrative expenses(52)(61)
Impact of foreign currency translation(205)94 
Fair value of plan assets at end of year3,749 3,607 
Funded status, net liability$190 $320 
Schedule of Pension Plans with an Accumulated Benefit Obligation in Excess of Plan Assets
The following table summarizes information for the Company’s pension plans with an accumulated benefit obligation in excess of plan assets:
As of December 31,
20242023
(In thousands)
Projected benefit obligation$3,939 $3,927 
Accumulated benefit obligation3,737 3,623 
Fair value of plan assets3,749 3,607 
Schedule of Pretax Amounts for Net Periodic Benefit Cost and Other Amounts forDefined Benefit Pension Plans
Pretax amounts for net periodic benefit cost and other amounts for the defined benefit pension plans consisted of the following components:
Year ended December 31,
202420232022
(In thousands)
Service cost$309 $264 $268 
Interest cost123 146 35 
Return on plan assets(64)(41)(26)
Amortization of actuarial gain(22)(27)— 
Net periodic pension cost346 342 277 
Changes in plan assets and benefit obligations included in other comprehensive loss:
Unrecognized net actuarial gain beginning of year(783)(705)(227)
Actuarial gain recognized during year22 27 — 
Actuarial (gain) loss on benefit obligation(138)13 (418)
Actuarial loss (gain) on fair value of plan assets— (72)
Impact of foreign currency translation44 (118)12 
Total included in other comprehensive loss (before tax effect)(849)(783)(705)
Total recognized in net periodic benefit cost and included in other comprehensive loss$(503)$(441)$(428)
Schedule of Significant Assumptions used in Determining Benefit Obligations and Net Periodic Benefit Cost
Significant assumptions used in determining benefit obligations and net periodic benefit cost are as follows:
Year ended December 31,
202420232022
Defined benefit obligations:
Discount rate3.70 %3.25 %3.80 %
Rate of salary increase1.00 %2.70 %4.67 %
Inflation2.00 %1.80 %2.30 %
Defined benefit cost:
Discount rate3.70 %3.25 %3.80 %
Rate of salary increase1.00 %2.70 %4.67 %
Rate of return on plan assets1.70 %1.80 %1.20 %
Inflation2.00 %1.80 %2.30 %