v3.26.1
Employee Benefit Plans (Tables)
6 Months Ended
Jun. 30, 2026
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 June 30, 2026 and December 31, 2025 were as follows:

 

 

 

 

 

As of

 

 

As of

 

(In thousands)

 

Balance Sheet Location

 

June 30, 2026

 

 

December 31, 2025

 

Non-current pension asset

 

Other non-current assets

 

$

3,360

 

 

$

2,291

 

Current pension liability

 

Accrued wages and benefits

 

 

(362

)

 

 

(372

)

Non-current pension liability

 

Non-current pension liability

 

 

(6,357

)

 

 

(6,277

)

Net pension liability

 

 

 

$

(3,359

)

 

$

(4,358

)

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

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

(In thousands)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Service cost

 

$

934

 

 

$

421

 

 

$

1,782

 

 

$

810

 

Interest cost

 

 

607

 

 

 

525

 

 

 

973

 

 

 

1,011

 

Expected return on plan assets

 

 

(752

)

 

 

(635

)

 

 

(1,273

)

 

 

(1,223

)

Amortization of actuarial losses

 

 

20

 

 

 

12

 

 

 

40

 

 

 

23

 

Net periodic pension cost

 

$

809

 

 

$

323

 

 

$

1,522

 

 

$

621