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Employee benefit obligations (Tables)
 12 Months Ended
Dec. 31, 2024
Retirement Benefits [Abstract]  
Schedule of Targeted Allocation for Funds The targeted allocation for these funds is as follows:
Asset Allocation by Category as of December 31, 2024:
Asset
allocation (%)
Asset Category:
Debt Securities29%
Real Estate24%
Equity Securities35%
Others12%
Total100%
Schedule of Change in Benefit Obligations
The following table sets forth the Swiss Plan’s funded status and amounts recognized in the consolidated financial statements for the year ended December 31, 2024 and 2023:
December 31,
 20242023
Change in Benefit Obligation
Projected benefit obligation at beginning of year$51,057 $29,435 
Interest cost703 850 
Company service cost4,202 2,992 
Employee contributions2,683 2,517 
Prior service cost— (768)
Benefits paid2,772 6,726 
Actuarial loss(62)9,305 
Projected benefit obligation at end of year$61,355 $51,057 
Change in Plan Assets
Fair value of plan assets at beginning of year$43,250 $25,531 
Actual return on plan assets2,120 4,699 
Employer contributions3,991 3,776 
Employee contributions2,683 2,518 
Benefits paid2,772 6,726 
Fair value of plan assets at end of year$54,816 $43,250 
Funded Status at End of year
Excess of obligation over assets$6,539 $7,807 
Change in Accrued Benefit Liability
Accrued benefit liability at beginning of year$(7,807)$(3,904)
Company contributions made during year3,991 3,776 
Net periodic benefit cost for year(3,308)(3,058)
Net decrease (increase) in accumulated other comprehensive loss585 (4,621)
Accrued benefit liability at end of year$(6,539)$(7,807)
December 31,
 20242023
Non-current plan assets$54,816 $43,250 
Non-current liability61,355 51,057 
Accrued benefit liability at end of year$(6,539)$(7,807)
Projected Benefit Payments
Projected year 1$1,204 $1,138 
Projected year 21,540 1,102 
Projected year 31,849 1,546 
Projected year 4966 1,577 
Projected year 51,748 958 
Projected years 6-1024,374 20,127 
Schedule of Plan Assets Fair Value
Year ended
December 31,
 20242023
Net Periodic Benefit Cost  
Service cost$4,202 $2,992 
Interest cost (income)703 850 
Expected return on plan assets(1,348)(1,210)
Amortization of actuarial (gain) loss
426 94 
Amortization of prior service costs(126)(54)
Total net periodic benefit cost$3,857 $2,672 
Weighted average assumptions:
Discount rate as of December 310.90%1.40%
Expected long-term rate of return on assets2.60%3.00%
Rate of compensation increase1.00%1.50%
Mortality and disability assumptions   (*)
BVG 2020 GTBVG 2020 GT
(*) Mortality data used for actuarial calculation.