Schedule of Net Benefit Costs

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


	Years Ended
	2024			2023			2022
Service cost(1)	$	1,233		$	916		$	1,133
Interest cost(2)		340			413			82
Expected return on plan assets(2)		(540	)		(452	)		(494	)
Prior service credit(2),(3)		(179	)		(179	)		(179	)
Actuarial loss recognized in current period(2),(3)		117			—			390
Net periodic pension cost	$	971		$	698		$	932

(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:


	2024			2023
Discount rate		1.0	%		1.5	%
Salary increases		2.5	%		2.5	%
Expected return on plan assets		3.0	%		3.0	%
Expected average remaining working lives in years		9.8			9.5

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
2025	$	80
2026		107
2027		131
2028		3,681
2029		334
Thereafter		2,022
Total	$	6,355

Schedule of Defined Benefit Plans Disclosures

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


	2024			2023
Change in Projected Benefit Obligation:
Projected benefit obligation, beginning of period	$	471		$	1,181
Service cost		56			60
Interest cost		3			3
Actuarial (gain) loss		(40	)		8
Benefits paid		(60	)		(705	)
Foreign exchange adjustment		(48	)		(76	)
Projected benefit obligation, end of period	$	382		$	471
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)	$	(382	)	$	(471	)
Amount Recognized in Accumulated Other Comprehensive Income (Loss), net of tax:
Actuarial loss	$	(25	)	$	(28	)
Prior service cost		3			3
Settlement		(102	)		(106	)
Curtailment		(2	)		(2	)
Net gain (loss)		193			189
Accumulated other comprehensive income	$	67		$	56
Accumulated benefit obligation at year end	$	(368	)	$	(446	)

(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
	2024		2023			2022
Amortization of actuarial loss	$	3	$	2		$	5
Prior service cost		—		(1	)		(2	)
Actuarial income (loss) recorded in current year		4		(21	)		(11	)
Settlement		4		(106	)		—
Curtailment loss		—		(2	)		—
Change in other comprehensive income (loss)	$	11	$	(128	)	$	(8	)

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
2025	$	57
2026		58
2027		57
2028		64
2029		92
Thereafter		54
Total	$	382