Pension Plans (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Retirement Benefits [Abstract] |
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| Summary of U.S. Plans |
Excluding the U.S. Plan termination charges, the following is the net periodic pension expense for the U.S. Plan for the years ended December 31: | | | | | | | | | | | | | | | | | | | | 2025 | | 2024 | | 2023 | | | | | | | | Interest cost | $ | 1,058 | | | $ | 1,540 | | | $ | 1,568 | | | Expected return on plan assets | (942) | | | (1,940) | | | (2,017) | | | Recognized net actuarial loss | 432 | | | 445 | | | 463 | | | Net periodic pension expense | $ | 548 | | | $ | 45 | | | $ | 14 | |
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| Schedule of Changes in Benefit Obligations, Change in Plan Assets, Funded Status, and Amounts Recognized in Consolidated Financial Statements |
The following tables set forth the changes in benefit obligations, the change in plan assets, the funded status, and amounts recognized in the consolidated financial statements for the U.S. Plan at December 31, which is inclusive of the U.S. Plan termination: | | | | | | | | | | | | | | 2025 | | 2024 | | Projected benefit obligation at beginning of the year | $ | 28,175 | | | $ | 29,773 | | | Interest cost | 1,058 | | | 1,540 | | | Actuarial loss (gain) | 2,856 | | | (1,557) | | | Benefits paid | (954) | | | (1,581) | | | Benefits settled in lump sum window | (13,150) | | | — | | | Benefits settled in annuity purchase | (17,985) | | | — | | | Projected benefit obligation at end of year | $ | — | | | $ | 28,175 | | | | | | | | Fair value of plan assets at beginning of the year | $ | 29,094 | | | $ | 31,896 | | | Actual return on plan assets | 494 | | | (1,221) | | | Employer contributions | 2,850 | | | — | | | Benefits paid | (954) | | | (1,581) | | | Benefits settled in lump sum window | (13,150) | | | — | | | Benefits settled in annuity purchase | (17,985) | | | — | | | Fair value of plan assets at end of the year | $ | 349 | | | $ | 29,094 | | | | | | | | Pension asset | $ | (349) | | | $ | (919) | |
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| Schedule of Amount Recognized in Accumulated Other Comprehensive Loss Related to Pension Plan |
In 2025, in accordance with ASC 715-20, the Company recognized the over-funded status of the U.S. Plan as a non-current asset. The remaining pension asset will be settled once final census adjustments are completed in 2026. The amount recognized in Accumulated other comprehensive loss related to the U.S. Plan at December 31 is comprised of the following: | | | | | | | | | | | | | | 2025 | | 2024 | | Balance at January 1 | $ | (5,373) | | | $ | (4,478) | | | | | | | | Reclassification adjustments: | | | | | Pre-tax termination loss | 11,657 | | | — | | | Pre-tax amortized net actuarial loss | 432 | | | 445 | | | Tax benefit | (4,106) | | | (104) | | | | 7,983 | | | 341 | | | | | | | | Adjustment to recognize loss on pension asset: | | | | | Pre-tax loss | (3,303) | | | (1,605) | | | Tax benefit | 693 | | | 369 | | | (2,610) | | | (1,236) | | | | | | | Balance at December 31, | $ | — | | | $ | (5,373) | |
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| Schedule of Excess of U.S. Plan Assets of Accumulated Benefit Obligations |
The U.S. Plan had assets in excess of accumulated benefit obligations as follows: | | | | | | | | | | | | | | 2025 | | 2024 | | Accumulated benefit obligation | $ | — | | | $ | 28,175 | | | Fair market value of assets | $ | 349 | | | $ | 29,094 | |
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| Schedule of Weighted-Average Assumptions Used to Determine Benefit Obligations & Net Periodic Benefit Cost |
| | | | | | | | | | | | | Weighted-average assumptions used to determine benefit obligations at: | August 31,
2025 | | December 31,
2024 | | Discount rate | n/a | | 5.77% | | Rate of compensation increase | n/a | | n/a |
| | | | | | | | | | | | | | | | | | | Weighted-average assumptions used to determine net periodic benefit cost at: | August 31,
2025 | | December 31,
2024 | | December 31,
2023 | | Discount rate | 5.77% | | 5.34% | | 5.55% | | Rate of compensation increase | n/a | | n/a | | n/a | | Expected long-term return on plan assets | 4.75% | | 6.25% | | 7.00% |
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| Schedule of Weighted-Average Target Allocations of Plan Assets |
The U.S. Plan weighted-average asset allocations at December 31, 2025 and 2024, by asset category, are as follows: | | | | | | | | | | | | | | | | | | Plan assets
at December 31, | | Asset category | | 2025 | | 2024 | | | | | | | Debt securities | | — | % | | 100 | % | | Cash and equivalents | | 100 | | | — | | | | | 100 | % | | 100 | % |
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