XML 25 R18.htm IDEA: XBRL DOCUMENT v3.25.1
Defined Benefit Pension Plans
 3 Months Ended
Mar. 31, 2025
Retirement Benefits [Abstract]  
Defined Benefit Pension Plans

6. Defined Benefit Pension Plans

Net periodic cost related to all of the Company's defined benefit pension plans recognized in the Company's unaudited Condensed Consolidated Statements of Operations for the three months ended March 31, 2025 and 2024 included the following components:

 

 

 

Three Months Ended

 

(in thousands)

 

March 31,
2025

 

 

March 31,
2024

 

Service cost

 

$

430

 

 

$

384

 

Interest cost

 

 

5,360

 

 

 

5,746

 

Expected return on assets

 

 

(6,089

)

 

 

(6,409

)

Amortization of actuarial loss

 

 

3,117

 

 

 

3,186

 

Net periodic cost

 

$

2,818

 

 

$

2,907

 

 

For the three months ended March 31, 2025 and 2024, the non-service components of net periodic pension expense totaled $2,388,000 and $2,523,000, respectively. These amounts are included in "Other Loss, net" on the unaudited Condensed Consolidated Statements of Operations.

 

For the three months ended March 31, 2025, the Company made no contributions to the U.S. defined benefit pension plan and contributed $774,000 to the U.K. defined benefit pension plans, as compared with no contributions to the U.S. defined benefit pension plan and contributed $602,000 to the U.K. defined benefit pension plans during the three months ended March 31, 2024.