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Defined Contribution Plan, Pension and Other Post-Retirement Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2022
Retirement Benefits [Abstract]  
Change in Benefit Obligation, Plan Assets and Funded Status
The change in benefit obligation, plan assets and funded status as of December 31 is as follows:
 U.S. Pension and Other Post-Retirement Benefit PlansNon-U.S. Pension Plan
 2022202120222021
Change in benefit obligation:
Benefit obligation — Beginning of the year$38,848 $41,218 $48,545 $53,654 
Service cost— — — — 
Interest cost617 827 785 638 
Participant contributions— — — 
Benefits paid(31,600)(2,422)(1,744)(1,692)
Actuarial (gain) loss(7,780)(776)(12,931)(3,595)
Exchange rate changes— — (4,770)(460)
Benefit obligation at end of the year$85 $38,848 $29,885 $48,545 
Change in plan assets:
Fair value of plan assets — Beginning of the year$41,201 $42,628 $38,640 $38,485 
Actual return on plan assets(5,664)966 (12,631)1,169 
Employer contributions30 28 1,016 1,077 
Participant contributions— — — 
Benefits paid(31,600)(2,422)(1,744)(1,692)
Exchange rate changes— — (3,744)(399)
Fair value of plan assets at end of the year3,967 41,201 21,537 38,640 
Funded status$3,882 $2,353 $(8,348)$(9,905)
Amounts Recognized in Consolidated Balance Sheets
Amounts recognized in the Consolidated Balance Sheets at December 31 consisted of:
 U.S. Pension and Other Post-Retirement Benefit PlansNon-U.S. Pension Plan
 2022202120222021
Noncurrent assets$3,967 $2,479 $— $— 
Current liabilities(6)(126)— — 
Noncurrent liabilities(79)— (8,348)(9,905)
Amount recognized$3,882 $2,353 $(8,348)$(9,905)
Components of Net Periodic Cost (Benefit)
The components of net periodic cost (benefit) for the years ended December 31 were as follows:
 U.S. Pension and Other Post-Retirement Benefit PlansNon-U.S. Pension Plan
 202220212020202220212020
Interest cost$617 $827 $1,117 $785 $638 $838 
Expected return on plan assets(681)(2,212)(2,075)(1,016)(1,000)(1,093)
Amortization of prior service cost 1
9,208 48 54 47 
Recognized actuarial loss373 283 283 603 953 592 
Net periodic cost (benefit)$9,517 $(1,096)$(669)$420 $645 $384 
1 Includes $9.2 million non-cash settlement charge arising from the early payout of the U.S. defined benefit plan benefits in the year ended December 31, 2022.
Amounts Recognized in Other Comprehensive Income (Loss) Amounts recognized in Other comprehensive income (loss), before taking into account income tax effects, at December 31 are as follows:
 U.S. Pension and Other Post-Retirement Benefit PlansNon-U.S. Pension Plan
 202220212020202220212020
Net actuarial loss$(148)$10,875 $10,689 $13,603 $13,923 $18,574 
Prior service cost27 33 39 618 687 748 
$(121)$10,908 $10,728 $14,221 $14,610 $19,322 
Amounts Recognized as Other Changes in Plan Assets and Benefit Obligations in Other Comprehensive Income Amounts recognized as other changes in plan assets and benefit obligations in comprehensive income (loss), before taking into account income tax effects, for the year ended December 31 are as follows:
 U.S. Pension and Other Post-Retirement PlansNon-U.S. Pension Plan
 2022202120222021
Actuarial (gain) loss$(1,435)$469 $615 $(3,717)
Amortization of actuarial (loss) gain(9,575)(283)(672)(942)
Prior service credit(6)(6)(54)(53)
Total recognized in other comprehensive income (loss)$(11,016)$180 $(111)$(4,712)
Weighted-Average Assumptions Used to Determine Benefit Obligations and Net Periodic Benefit Cost
Weighted-average assumptions used to determine benefit obligations at December 31 were as follows:
 U.S. Pension and Other Post-Retirement Benefit PlansNon-U.S. Pension
Plan
 2022202120222021
Discount rate4.84 %2.07 %4.75 %1.80 %
Weighted-average assumptions used to determine net periodic benefit cost at December 31 were as follows:
 U.S. Pension and Other Post-Retirement PlansNon-U.S. Pension Plan
 202220212020202220212020
Discount rate2.38 %2.08 %2.93 %1.80 %1.20 %1.95 %
Expected return on plan assets2.07 %5.34 %5.34 %2.90 %2.60 %3.30 %
Fair Values of Pension Plan Assets by Asset Category and by Level
Our investment allocation target for our pension plans for 2022 and our weighted-average asset allocations of our pension assets for the years ended December 31, by asset category, are as follows:
Target AllocationActual Allocations
 2022202120222021
 U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.
Cash and cash equivalents10021100211
Equity/Balanced securities42534252
Fixed income securities587947585447
Real estate and other25
100%100%100%100%100%100%100%100%
The fair values of our pension plan assets by asset category and by level as described in Note 6, Fair Value Measurement, for the years ended December 31, 2022 and 2021 are as follows:
 December 31, 2022
  Quoted Prices in
Active Markets for
Identical Assets
Significant
Observable Inputs
Net Asset Value Per Share
 TotalLevel 1Level 2NAV
Cash and cash equivalents$4,107 $150 $— $3,957 
Balanced8,989 — — 8,989 
Fixed income securities:
Corporate bonds10 — 10 — 
Other12,398 — — 12,398 
Total pension fund assets$25,504 $150 $10 $25,344 
December 31, 2021
Quoted Prices in
Active Markets for
Identical Assets
Significant
Observable Inputs
Net Asset Value Per Share
TotalLevel 1Level 2NAV
Cash and cash equivalents$9,192 $442 $— $8,750 
Balanced20,239 — — 20,239 
Fixed income securities:
Corporate bonds37,117 — 22,361 14,756 
Other13,293 — 10,090 3,203 
Total pension fund assets$79,841 $442 $32,451 $46,948 
Fair Value of Pension Plan Assets Measured Using Significant Unobservable Inputs
The fair value of our pension plan assets measured using significant unobservable inputs (Level 3) at December 31 are as follows:
2021
Beginning balance$4,088 
Actual return on assets held at reporting date— 
Purchases, sales and settlements, net(4,088)
Ending balance$— 
Expected Future Benefit Payments of Pension and Other Post-Retirement Benefit Plans The following table summarizes our expected future benefit payments of our pension and other post-retirement benefit plans:
Year Ending December 31,Pension Plans
2023$1,813 
2024$1,870 
2025$1,834 
2026$1,904 
2027$1,909 
2028 to 2032$10,032