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Qualified Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
Summary of Change in Projected Benefit Obligation, Fair Value of Plan Assets and Funded Status of Plan
The Retirement Plan’s projected benefit obligation, fair value of plan assets and funded status (amounts recognized in the consolidated statements of financial condition) were as follows:
Years Ended December 31
20252024
(in thousands)
Change in projected benefit obligation:
Projected benefit obligation at beginning of year$68,579 $98,426 
Interest cost284 5,025 
Plan settlements (2,900)(39,246)
Actuarial loss (gain)(5,930)7,655 
Annuity insurer rollovers(59,357)— 
Benefits paid(676)(3,281)
Projected benefit obligation at end of year— 68,579 
Change in plan assets:
Plan assets at fair value at beginning of year63,325 101,376 
Actual return on plan assets(2,092)4,476 
Employer contribution1,700 — 
Plan settlements(2,900)(39,246)
Annuity insurer rollovers(59,357)— 
Benefits paid(676)(3,281)
Plan assets at fair value at end of year— 63,325 
Funded status$— $(5,254)
Summary of Reconciliation of Amounts Recognized in Other Comprehensive Income for the Retirement Plan
The amounts recognized in other comprehensive income for the Retirement Plan for 2025, 2024 and 2023 were as follows:
202520242023
(in thousands)
Unrecognized net gain from experience different from that assumed and effects of changes and assumptions$— $5,534 $8,815 
Prior service cost611 24 24 
Reclassification adjustment for (losses) included in net income upon retirement plan liquidation(22,898)— — 
23,509 5,558 8,839 
Income tax (expense) (147)(20)(9)
Other comprehensive income$23,362 $5,538 $8,830 
The reconciliation of the 2025 amounts recognized in other comprehensive income for the Retirement Plan as compared to the consolidated statement of comprehensive income (the "OCI Statement") is as follows:
Retirement
Plan		Foreign
Retirement
Plans		OCI
Statement
(in thousands)
Amortization of prior service cost$611 $— $611 
Reclassification adjustment for (losses) included in net income upon retirement plan liquidation(22,898)68 (22,830)
Changes in employee benefit related items23,509 (68)23,441 
Income tax (expense) benefit(147)17 (130)
Employee benefit related items, net of tax$23,362 $(51)$23,311 
Summary of Amounts Included in Accumulated Other Comprehensive Loss for the Retirement Plan
The amounts included in accumulated other comprehensive loss for the Retirement Plan as of December 31, 2025 and 2024 were as follows:
20252024
(in thousands)
Unrecognized net loss from experience different from that assumed and effects of changes and assumptions$— $(22,899)
Prior service cost — (611)
— (23,510)
Income tax benefit— 147 
Accumulated other comprehensive loss (1)
$— $(23,363)
(1)Due to settlement and termination of the Retirement Plan, there are no amounts remaining in accumulated other comprehensive income related to the plan.
Summary of Net Expense Under the Retirement Plan
Net expense under the Retirement Plan consisted of:
Years Ended December 31
202520242023
(in thousands)
Interest cost on projected benefit obligations$284 $5,025 $5,199 
Expected return on plan assets(267)(5,056)(4,776)
Amortization of prior service cost611 24 24 
Settlement loss recognized17,733 13,104 — 
Recognized actuarial loss— 666 952 
Net pension expense$18,361 $13,763 $1,399 
Summary of Actuarial Computations Used to Determine Net Periodic Benefit Costs
Actuarial computations used to determine net periodic costs were made utilizing the following weighted-average assumptions:
Years Ended December 31
202520242023
Discount rate on benefit obligationsN/A5.40%5.50%
Expected long-term rate of return on plan assets4.63%5.25%5.25%
Summary of Retirement Plan Asset Allocation
The Retirement Plan’s asset allocation percentages consisted of:
Years Ended December 31
20252024
Equity—%—%
Debt securities— 88 
Other— 12 
Total—%100%
Summary of Valuation of Retirement Plan Assets by Pricing Observability Levels
The valuation of our Retirement Plan assets by pricing observability levels as of December 31, 2025 and 2024 was as follows (in thousands):
Level 1Level 2Level 3Total
December 31, 2025
Cash$— $— $— $— 
Fixed income securities— — — — 
Investments measured at net assets value— — — — 
Investments at fair value$— $— $— $— 
Level 1Level 2Level 3Total
December 31, 2024
Cash$5,618 $— $— $5,618 
Fixed income securities— 55,839 — 55,839 
Investments measured at net assets value— — — 1,868 
Investments at fair value$5,618 $55,839 $— $63,325