Retirement Plans

9 Months Ended

Sep. 30, 2024

Retirement Benefits [Abstract]

Retirement Plans

Note 6—Retirement Plans

We have a frozen noncontributory, unfunded retirement plan for certain retirees in the U.S. (U.S. Retirement Plan). As of September 30, 2024 and December 31, 2023, the accumulated benefit obligation of the U.S. Retirement Plan was $32.9 million and $34.1 million. Certain of our foreign subsidiaries also have defined benefit pension plans covering substantially all of their respective teammates.

The components of net periodic benefit cost for the three and nine months ended September 30, 2024 and 2023 were as follows:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Service cost	$	446	$	429	$	1,362	$	1,316
Interest cost		635		705		1,925		2,128
Recognized net actuarial loss		79		124		241		370
Net periodic benefit cost	$	1,160	$	1,258	$	3,528	$	3,814