v3.26.1
Pension and Other Benefit Programs
3 Months Ended
Mar. 31, 2026
Pension and Other Benefit Programs  
Pension and Other Benefit Programs

10. Pension and Other Benefit Programs

Net periodic pension costs related to the Company’s defined benefit pension plan refers only to Swiss employees and, as of March 31, 2026 and 2025, can be summarized as follows:

Three Months Ended March 31

  ​ ​ ​

2026

  ​ ​ ​

2025

Component of net periodic pension costs:

Service cost

$

27,441

$

37,994

Interest cost

4,943

2,999

Expected return on plan assets

(3,879)

(3,090)

Amortization of losses

8

5,431

Amortization of prior service credit

(789)

(687)

Total

$

27,724

$

42,647

Employer contributions for the three months ended March 31, 2026 was $27 thousand. The Company’s expected contributions for fiscal year 2026 are $115 thousand. Service cost is reported in general and administrative expenses. Certain other components of net periodic pension costs are reported in interest income, net in the Condensed Consolidated Statements of Operations.