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Employee Benefit Plans (Tables)
3 Months Ended
Mar. 31, 2025
Retirement Benefits [Abstract]  
Summary of Net Amounts Recognized in Consolidated Balance Sheets for the Unfunded Pension Liability The net amounts recognized in the Condensed Consolidated Balance Sheets for the unfunded pension liability as of March 31, 2025 and December 31, 2024 were as follows:

 

 

 

 

As of

 

 

As of

 

(In thousands)

 

Balance Sheet Location

 

March 31, 2025

 

 

December 31, 2024

 

Non-current pension asset

 

Other non-current assets

 

$

540

 

 

$

517

 

Current pension liability

 

Accrued wages and benefits

 

 

(317

)

 

 

(303

)

Non-current pension liability

 

Non-current pension liability

 

 

(8,886

)

 

 

(8,983

)

Total

 

 

 

$

(8,663

)

 

$

(8,769

)

 

Schedule of the Components of Net Periodic Pension Cost

The following table summarizes the components of net periodic pension cost related to the Company's defined benefit pension plans:

 

 

Three Months Ended

 

 

 

March 31,

 

(In thousands)

 

2025

 

 

2024

 

Service cost

 

$

389

 

 

$

340

 

Interest cost

 

 

486

 

 

 

285

 

Expected return on plan assets

 

 

(588

)

 

 

(360

)

Amortization of actuarial losses

 

 

11

 

 

 

2

 

Net periodic pension cost

 

$

298

 

 

$

267