v3.25.2
Defined Benefit Pension Plans
 6 Months Ended
Jun. 30, 2025
Retirement Benefits [Abstract]  
Defined Benefit Pension Plans Defined Benefit Pension Plans
We sponsor both funded and unfunded defined benefit pension plans offering death and disability, retirement, and special termination benefits for certain of our international employees, primarily in Germany, France, India, and Indonesia. The defined benefit obligation is calculated annually by using the projected unit credit method. The measurement date for the pension plans was December 31, 2024.

Amounts recognized on the Consolidated Balance Sheets consist of:
In thousandsJune 30, 2025December 31, 2024
Assets
Plan assets in other long-term assets$139 $133 
Liabilities
Current portion of pension benefit obligation in wages and benefits payable$4,974 $4,123 
Long-term portion of pension benefit obligation65,864 59,537 
Pension benefit obligation, net$70,699 $63,527 

Our asset investment strategy focuses on maintaining a portfolio using primarily insurance funds, which are accounted for as investments and measured at fair value, in order to achieve our long-term investment objectives on a risk adjusted basis. Our general funding policy for these qualified pension plans is to contribute amounts sufficient to satisfy regulatory funding standards of the respective countries for each plan.
Net periodic pension benefit cost for our plans include the following components:
Three Months Ended June 30,Six Months Ended June 30,
In thousands2025202420252024
Service cost$730 $659 $1,388 $1,294 
Interest cost736 676 1,434 1,357 
Expected return on plan assets(78)(73)(151)(146)
Amortization of prior service costs34 33 67 67 
Amortization of actuarial net loss(106)(85)(194)(170)
Curtailment— (585)— (585)
Net periodic benefit cost$1,316 $625 $2,544 $1,817 

The components of net periodic benefit cost, other than the service cost component, are included in total other income (expense) on the Consolidated Statements of Operations.