v3.26.1
Note 18 - Post-retirement Benefits
3 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Retirement Benefits [Text Block]

18.

Post-retirement benefits

 

Amounts recognized in the unaudited condensed consolidated statements of operations in respect of the defined benefit schemes were as follows (in thousands):

 

  

Three Months Ended March 31,

 
  

2026

  

2025

 

Amortization of prior service credit

 $61  $61 

Interest cost

  (2,012)  (1,854)

Expected return on plan assets

  2,380   2,133 

Total

 $429  $340 

 

The Company contributed $1.5 million and $1.4 million for the three months ended March 31, 2026 and 2025, respectively, to defined benefit schemes.

 

Amortization of prior service credit, interest cost and expected return on plan assets have been recognized in “Other income, net” in the unaudited condensed consolidated statements of operations.