Schedule of change in benefit obligations, fair value of the plan assets and funded status of Company's pension plans and the amounts recognized in the Company's consolidated financial statements


	Year ended December,
	2021		2020
Change in Benefit Obligation:
Benefit obligation at beginning of period	$	122,011	$	100,961
Service cost		68		69
Interest cost		1,686		1,984
Actuarial loss (gain)		(2,296)		18,861
Plan amendments		(28)		(10)
Plan curtailment		98		—
Benefits paid		(2,497)		(4,745)
Foreign-exchange rate changes		(1,570)		4,891
Benefit obligation at end of year	$	117,472	$	122,011

Change in Plan Assets:
Fair value of plan assets at beginning of period	$	87,215	$	75,875
Actual return on plan assets		2,950		10,755
Employer contributions		3,189		2,052
Plan participants’ contributions		16		—
Benefits paid		(2,393)		(4,651)
Foreign-exchange rate changes		(1,005)		3,184
Fair value of plan assets at end of year		89,972		87,215
Funded status at end of year	$	(27,500)	$	(34,796)

Net amount recognized in the Consolidated Balance Sheets:
Pension liability, net (a)	$	(28,383)	$	(35,515)
Amounts recognized in accumulated other comprehensive loss, net of tax consist of:
Net actuarial loss		(10,946)		(17,064)
Net amount recognized in accumulated other comprehensive loss, net of tax	$	(10,946)	$	(17,064)

Plans with underfunded or non-funded accumulated benefit obligation:
Aggregate projected benefit obligation	$	117,472	$	122,010
Aggregate accumulated benefit obligation	$	117,472	$	122,010
Aggregate fair value of plan assets	$	89,972	$	87,215

(a)

Consolidated balance of $28.4 million as of December 31, 2021 includes pension liabilities of $23.0 million, $2.5 million, $2.1 million and less than $0.1 million under U.K., Asterion, German and Norway pension plans, respectively, and minimum regulatory benefit for a Philippines legal entity of $0.7 million. Consolidated balance of $35.5 million as of December 31, 2020 includes pension liabilities of $29.7 million, $2.7 million, $2.4 million and less than $0.1 million under U.K., Asterion, German and Norway pension plans, respectively, and minimum regulatory benefit for a Philippines legal entity of $0.6 million.

Schedule of principal assumptions used to determine benefit obligation and net periodic benefit costs


	December 31,
	2021		2020		2021		2020		2021		2020		2021		2020

	UK				Germany				Norway				Asterion
Weighted-average assumptions used to determine benefit obligations:
Discount rate	1.80	%	1.40	%	1.00	%	0.75	%	1.90	%	1.70	%	1.13	%	0.79
Rate of compensation increase	N/A		N/A		N/A		N/A		2.75	%	2.25	%	N/A	%	N/A
Weighted-average assumptions used to determine net periodic benefit cost:
Discount rate	1.40	%	2.10	%	1.00	%	0.75	%	1.90	%	1.70	%	1.13	%	0.79
Expected asset return	2.72	%	3.47	%	N/A	%	N/A	%	3.10	%	2.70	%	1.13	%	0.79
Rate of compensation increase	N/A		N/A		N/A		N/A		2.75	%	2.25	%	N/A	%	N/A

Schedule of fair value of pension assets


	December 31, 2021
	Total		Level 1		Level 2		Level 3
Asset Category:
Cash	$	149	$	149	$	—	$	—
Equity funds:
U.K.		17,423		—		17,423		—
Other international		11,909		—		11,909		—
Fixed income securities:
Corporate bonds / U.K. Gilts		2,292		—		2,292		—
Other investments:
Diversified growth fund		23,122		—		23,122		—
Liability driven investments		31,158		—		31,158		—
Multi-asset credit fund		3,919		—		3,919		—
Total fair value	$	89,972	$	149	$	89,823	$	—


	December 31, 2020
	Total		Level 1		Level 2		Level 3
Asset Category:
Cash	$	430	$	430	$	—	$	—
Equity funds:
U.K.		16,201		—		16,201		—
Other international		10,802		—		10,802		—
Fixed income securities:
Corporate bonds / U.K. Gilts		2,353		—		2,353		—
Other investments:
Diversified growth fund		18,313		—		18,313		—
Liability driven investments		35,403		—		35,403		—
Multi-asset credit fund		3,713		—		3,713		—
Total fair value	$	87,215	$	430	$	86,785	$	—