Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2024

Employee Benefit Plans

Schedule of plan's funded status and the total amounts recognized in the consolidated balance sheets

The following table presents each plan’s funded status and the total amounts recognized in the consolidated balance sheets at December 31 (in thousands):

	December 31,  2024
	Global		GMG
	Pension Plan		Pension Plan		Total
Projected benefit obligation	$	—	$	—	$	—
Fair value of plan assets		3,383		553		3,936
Net (pension asset) unfunded pension liability	$	(3,383)	$	(553)	$	(3,936)

	December 31,  2023
	Global		GMG
	Pension Plan		Pension Plan		Total
Projected benefit obligation	$	11,496	$	3,151	$	14,647
Fair value of plan assets		14,979		4,134		19,113
Net (pension asset) unfunded pension liability	$	(3,483)	$	(983)	$	(4,466)

Schedule of change in benefit obligation for the Pension Plans

The following presents the components of the net periodic change in benefit obligation for the Pension Plans for the years ended December 31 (in thousands):

	2024		2023		2022
Benefit obligation at beginning of year	$	14,647	$	15,242	$	22,334
Interest cost		541		741		538
Actuarial loss (gain)		541		(12)		(6,210)
Benefits paid		(15,729)		(1,324)		(1,420)
Benefit obligation at end of year	$	—	$	14,647	$	15,242

Schedule of weighted-average actuarial assumptions

	Global Pension Plan			GMG Pension Plan
	2024	2023	2022	2024	2023	2022
Discount rate	N/A	4.9%	5.1%	N/A	5.0%	5.3%
Expected return on plan assets	N/A	4.8%	7.0%	N/A	4.8%	7.0%