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Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2021

Retirement Benefits [Abstract]

Schedule of Pension Benefit Plan Obligations and Funded Status

The pension benefit plan obligations and funded status as of December 31, 2021 and 2020, were as follows:

(In thousands)		2021				2020
Change in projected benefit obligation:
Projected benefit obligation at beginning of period		$	50,927			$	43,902
Service cost			1,229				1,270
Interest cost			339				444
Actuarial gain - experience			(750	)			(744	)
Actuarial (gain) loss - assumptions			(3,327	)			2,458
Benefit payments			(756	)			(509	)
Effects of foreign currency exchange rate changes			(3,498	)			4,106
Projected benefit obligation at end of period			44,164				50,927
Change in plan assets:
Fair value of plan assets at beginning of period			32,263				28,016
Actual gain on plan assets			2,943				1,744
Contributions			—				24
Effects of foreign currency exchange rate changes			(2,444	)			2,479
Fair value of plan assets at end of period			32,762				32,263
Unfunded status at end of period		$	(11,402	)		$	(18,664	)

Summary of Net Amounts Recognized in Consolidated Balance Sheets for the Unfunded Pension Liability

The net amounts recognized in the Consolidated Balance Sheets for the unfunded pension liability as of December 31, 2021 and 2020 were as follows:

(In thousands)		2021				2020
Current liability		$	—			$	—
Pension liability			11,402				18,664
Total		$	11,402			$	18,664

Components of Net Periodic Pension Cost and Amounts Recognized Other Comprehensive (Loss) Income

The components of net periodic pension cost, other than the service cost component, are included in other income (expense), net in the Consolidated Statements of (Loss) Income. The components of net periodic pension cost and amounts recognized in other comprehensive (loss) income for the years ended December 31, 2021, 2020 and 2019 were as follows:

(In thousands)		2021				2020				2019
Net periodic benefit cost:
Service cost		$	1,229			$	1,270			$	1,471
Interest cost			339				444				634
Expected return on plan assets			(1,842	)			(1,679	)			(1,392	)
Amortization of actuarial losses			1,088				970				795
Net periodic benefit cost			814				1,005				1,508
Other changes in plan assets and benefit obligations    recognized in other comprehensive (loss) income:
Net actuarial (gain) loss			(4,984	)			1,784				2,488
Amortization of actuarial losses			(825	)			(1,212	)			(771	)
Amount recognized in other comprehensive (loss) income			(5,809	)			572				1,717
Total recognized in net periodic benefit cost and other    comprehensive (loss) income		$	(4,995	)		$	1,577			$	3,225

Accumulated Other Comprehensive (Loss) Income

The amounts recognized in accumulated other comprehensive (loss) income as of December 31, 2021 and 2020 were as follows:

(In thousands)		2021				2020
Net actuarial loss		$	(7,736	)		$	(13,545	)

Weighted-Average Assumptions Used to Determine Net Periodic Benefit Cost

The weighted-average assumptions that were used to determine the net periodic benefit cost for the years ended December 31, 2021, 2020 and 2019 were as follows:

		2021				2020				2019
Discount rate			1.16	%			1.00	%			1.75	%
Rate of compensation increase			2.00	%			2.00	%			2.00	%
Expected long-term rates of return			5.90	%			5.90	%			5.90	%

Weighted-Average Assumptions Used to Determine Benefit Obligation

The weighted-average assumptions that were used to determine the benefit obligation as of December 31, 2021 and 2020:

		2021				2020
Discount rate			1.16	%			0.69	%
Rate of compensation increase			2.00	%			2.00	%

Schedule of Pension Benefit Payments Expected Future Service

The following pension benefit payments, which reflect expected future service, as appropriate, are expected to be paid to participants:

(In thousands)
2022		$	1,088
2023			1,002
2024			1,204
2025			1,244
2026			1,370
2027 - 2031			8,894
Total		$	14,802

Schedule of Cash Equivalents and Investments Held at Fair Value

We have categorized our cash equivalents and our investments held at fair value into this hierarchy as follows:

		Fair Value Measurements at December 31, 2021 Using
(In thousands)		Fair Value				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Cash and cash equivalents		$	801			$	801			$	—			$	—
Available-for-sale securities
Bond funds:
Corporate bonds			7,528				7,528				—				—
Government bonds			5,721				5,721				—				—
Equity funds:
Global equity			12,170				12,170				—				—
Balanced fund			2,919				2,919				—				—
Emerging markets			2,259				2,259				—				—
Large cap value			235				235				—				—
Global real estate fund			1,129				1,129				—				—
Available-for-sale securities			31,961				31,961				—				—
Total		$	32,762			$	32,762			$	—			$	—

		Fair Value Measurements at December 31, 2020 Using
(In thousands)		Fair Value				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Cash and cash equivalents		$	1,935			$	1,935			$	—			$	—
Available-for-sale securities
Bond funds:
Corporate bonds			6,746				6,746				—				—
Government bonds			5,971				5,971				—				—
Emerging markets bonds			307				307				—				—
Equity funds:
Global equity			11,638				11,638				—				—
Balanced fund			2,515				2,515				—				—
Emerging markets			1,848				1,848				—				—
Large cap value			198				198				—				—
Global real estate fund			799				799				—				—
Managed futures fund			306				306				—				—
Available-for-sale securities			30,328				30,328				—				—
Total		$	32,263			$	32,263			$	—			$	—

Fair Value of Assets Held by Trust and Amounts Payable to Plan Participants

The fair value of the assets held by the Trust and the amounts payable to the plan participants as of December 31, 2021 and 2020 were as follows:

(In thousands)		2021				2020
Fair Value of Plan Assets
Long-term investments		$	26,935			$	23,891
Total Fair Value of Plan Assets		$	26,935			$	23,891
Amounts Payable to Plan Participants
Deferred compensation liability		$	31,383			$	25,866
Total Amounts Payable to Plan Participants		$	31,383			$	25,866

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Tabular disclosure of the amounts that are recognized in the balance sheet (or statement of financial position) for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized.

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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 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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