EMPLOYEE BENEFIT PLANS

6 Months Ended

Jun. 30, 2025

Retirement Benefits [Abstract]

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS

We have a defined benefit pension plan covering certain United Kingdom employees (the “U.K. Plan”). The pension plan was frozen in 1994 and no new participants have been added since that date. Net periodic pension credit includes the following components (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Interest cost	$	714	$	651	$	1,386	$	1,303
Expected return on plan assets	(870)		(840)		(1,688)		(1,692)
Amortization of prior service cost	8		8		16		16
Amortization of net actuarial loss	94		79		181		158
Net periodic pension credit	$	(54)	$	(102)	$	(105)	$	(215)

Net pension credit is included in “Other income (expense), net” on our condensed consolidated statements of operations. The expected long-term rate of return on invested assets is determined based on the weighted average of expected returns on asset investment categories for the U.K. Plan as follows: 6.1% overall, 9.9% for equities and 6.0% for debt securities.