Employee Benefit Plans |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Retirement Benefits [Abstract] | |
| Employee Benefit Plans | 14. Employee Benefit Plans
Mainland China Contribution Plan
Pursuant to relevant PRC regulations, the Company is required to make contributions to various defined contribution plans organized by municipal and provincial PRC governments. The contribution for each employee is based on a percentage of the employee’s current compensation as required by the local government. The contributions are charged to profit or loss as they become payable in accordance with the rules of the central pension scheme. The total contributions for such employee benefits were $1.8 million and $1.7 million for the three months ended June 30, 2026 and 2025, respectively. The total contributions for such employee benefits were $3.3 million and $3.4 million for the six months ended June 30, 2026 and 2025.
Defined-Contribution Savings Plan
In the U.S., the Company maintains a defined-contribution savings plan pursuant to Section 401(k) of the Internal Revenue Code of 1986, as amended. The plan is available to employees who meet the minimum age and length of service requirements. The contributions made during the three months ended June 30, 2026 and 2025 were $36.1 thousand and $40.0 thousand. The contributions made during the six months ended June 30, 2026 and 2025 were $70.8 thousand and $70.8 thousand. |