Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2022

Employee Benefit Plans

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,
	2022		2021
Change in Benefit Obligation:
Benefit obligation at beginning of period	$	117,472	$	122,011
Service cost		53		68
Interest cost		1,910		1,686
Actuarial gain		(44,778)		(2,296)
Plan amendments		149		(28)
Plan curtailment		—		98
Benefits paid		(1,915)		(2,497)
Foreign-exchange rate changes		(11,159)		(1,570)
Benefit obligation at end of year	$	61,732	$	117,472
Change in Plan Assets:
Fair value of plan assets at beginning of period	$	89,972	$	87,215
Actual return on plan assets		(36,679)		2,950
Employer contributions		2,866		3,189
Plan participants’ contributions		—		16
Benefits paid		(1,818)		(2,393)
Foreign-exchange rate changes		(8,647)		(1,005)
Fair value of plan assets at end of year		45,694		89,972
Funded status at end of year	$	(16,038)	$	(27,500)
Net amount recognized in the Consolidated Balance Sheets:
Pension liability, net (a)	$	(16,917)	$	(28,383)
Amounts recognized in accumulated other comprehensive loss, net of tax consist of:
Net actuarial loss		(3,583)		(10,946)
Net amount recognized in accumulated other comprehensive loss, net of tax	$	(3,583)	$	(10,946)
Plans with underfunded or non-funded accumulated benefit obligation:
Aggregate projected benefit obligation	$	61,732	$	117,472
Aggregate accumulated benefit obligation	$	61,732	$	117,472
Aggregate fair value of plan assets	$	45,694	$	89,972

(a) Consolidated balance of $16.9 million as of December 31, 2022 includes pension liabilities of $13.7 million, $1.7 million, $1.2 million and $(0.6) million under U.K., Asterion, German and Norway pension plans, respectively, and minimum regulatory benefit for a Philippines legal entity of $0.8 million. 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.

Schedule of components of the net periodic benefit cost

	Year ended December 31,
	2022		2021		2020
Service cost	$	53	$	68	$	74
Interest cost		1,910		1,686		1,984
Expected return on plan assets		(2,856)		(2,410)		(2,530)
Amortization:
Amortization of prior service cost		273		224		150
Amortization of net loss		1,616		3,340		1,739
Settlement loss		—		—		552
Net periodic benefit cost	$	996	$	2,908	$	1,969

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

	December 31,
	2022		2021		2022		2021		2022		2021		2022		2021
	UK				Germany				Norway				Asterion
Weighted-average assumptions used to determine benefit obligations:
Discount rate	5.00	%	1.80	%	3.80	%	1.00	%	3.00	%	1.90	%	3.80	%	1.13	%
Rate of compensation increase	N/A		N/A		N/A		N/A		3.50	%	2.75	%	N/A		N/A
Weighted-average assumptions used to determine net periodic benefit cost:
Discount rate	1.80	%	1.40	%	3.80	%	1.00	%	3.00	%	1.90	%	3.80	%	1.13	%
Expected asset return	3.45	%	2.72	%	N/A	%	N/A	%	4.15	%	3.10	%	3.80	%	1.13	%
Rate of compensation increase	N/A		N/A		N/A		N/A		3.50	%	2.75	%	N/A		N/A

Schedule of weighted average allocation of plan assets by asset category

	December 31,
	2022		2021		2020
U.K. and other international equities	27.0	%	32.8	%	31.4	%
U.K. government and corporate bonds	5.5		2.5		2.7
Diversified growth fund	18.5		25.7		21.0
Liability driven investments	44.3		34.6		40.6
Multi-asset credit fund	4.7		4.4		4.3
Total	100.0	%	100.0	%	100.0	%

Schedule of fair value of pension assets

	December 31, 2022
	Total		Level 1		Level 2		Level 3
Asset Category:
Cash	$	932	$	932	$	—	$	—
Equity funds:
U.K.		—		—		—		—
Other international		11,399		—		11,399		—
Fixed income securities:
Corporate bonds / U.K. Gilts		2,529		—		2,529		—
Other investments:
Diversified growth fund		8,417		—		8,417		—
Liability driven investments		20,258		—		20,258		—
Multi-asset credit fund		2,158		—		2,158		—
Total fair value	$	45,693	$	932	$	44,761	$	—

	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	$	—

Schedule of estimated future benefit payments

	Estimated
	Benefit
	Payments
Year ended December 31,
2023	$	1,872
2024		2,067
2025		2,656
2026		2,674
2027		2,978
2028 – 2032		13,615
Total	$	25,862