Schedule of Net Benefit Costs

Net periodic pension cost associated with the Swiss Plan included the following components (in thousands):


	Years Ended
	2025			2024			2023
Service cost(1)	$	1,689		$	1,233		$	916
Interest cost(2)		247			340			413
Expected return on plan assets(2)		(546	)		(540	)		(452	)
Prior service credit(2),(3)		(211	)		(179	)		(179	)
Actuarial loss recognized in current period(2),(3)		302			117			—
Net periodic pension cost	$	1,481		$	971		$	698

(1) Recognized in selling general and administrative expenses on the Consolidated Statements of Operations.

(2) Recognized in other income, net, on the Consolidated Statements of Operations.

(3) Amounts reclassified from accumulated other comprehensive income (loss).

Schedule of Assumptions Used

Net periodic pension cost and projected and accumulated pension obligation for the Company’s Swiss Plan were calculated using the following assumptions:


	2025			2024
Discount rate		1.3	%		1.0	%
Salary increases		2.5	%		2.5	%
Expected return on plan assets		3.0	%		3.0	%
Expected average remaining working lives in years		9.7			9.8

Schedule Of Defined Benefit Plan Estimated Future Benefit Payments

The estimated future benefit payments for the Swiss Plan are as follows (in thousands):


Year Ended	Amount
2026	$	93
2027		122
2028		3,976
2029		641
2030		316
Thereafter		809
Total	$	5,957

Schedule of Defined Benefit Plans Disclosures

The funded status of the benefit plan was as follows (in thousands):


	2025			2024
Change in Projected Benefit Obligation:
Projected benefit obligation, beginning of period	$	382		$	471
Service cost		56			56
Interest cost		4			3
Actuarial (gain) loss		8			(40	)
Benefits paid		(33	)		(60	)
Foreign exchange adjustment		1			(48	)
Projected benefit obligation, end of period	$	418		$	382
Change in Plan Assets:
Plan assets at fair value, beginning of period	$	—		$	—
Actual return on plan assets		—			—
Employer contributions		—			—
Benefits paid		—			—
Distribution of plan assets		—			—
Foreign exchange adjustment		—			—
Plan assets at fair value, end of period	$	—		$	—
Funded status (pension liability), end of year(1)	$	(418	)	$	(382	)
Amount Recognized in Accumulated Other Comprehensive Income (Loss), net of tax:
Actuarial loss	$	(25	)	$	(25	)
Prior service cost		3			3
Settlement		(103	)		(102	)
Curtailment		(2	)		(2	)
Net gain		180			193
Accumulated other comprehensive income	$	53		$	67
Accumulated benefit obligation at year end	$	(403	)	$	(368	)

(1) The underfunded balance was included in pension liability on the Consolidated Balance Sheets.

Schedule of Amounts Recognized in Other Comprehensive Income (Loss)

Changes in other comprehensive income (loss), net of tax, associated with the Japan Plan include the following components (in thousands):


	Years Ended
	2025			2024		2023
Amortization of actuarial loss	$	—		$	3	$	2
Prior service cost		—			—		(1	)
Actuarial income (loss) recorded in current year		(13	)		4		(21	)
Settlement		(1	)		4		(106	)
Curtailment loss		—			—		(2	)
Change in other comprehensive income (loss)	$	(14	)	$	11	$	(128	)

Schedule Of Defined Benefit Plan Estimated Future Benefit Payments

The estimated future benefit payments for the Japan Plan are as follows (in thousands):


Year Ended	Amount
2026	$	55
2027		52
2028		63
2029		113
2030		48
Thereafter		87
Total	$	418