Contract Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2025

Revenue from Contract with Customer [Abstract]

Schedule of Contract Assets and Contract Liabilities

Contract assets and Contract liabilities (included in Accrued liabilities) are reported in the Consolidated Balance Sheets in a net position, on a contract-by-contract basis at the end of each reporting period. Contract assets and contract liabilities are summarized as follows:

(in thousands)	December 31, 2025		December 31, 2024
Contract assets	$	87,573	$	167,397
Allowance for expected credit losses	(471)		(840)
Contract assets, net	$	87,102	$	166,557
Contract liabilities	$	33,397	$	6,085

Schedule of Contract with Customer, Contract Asset, Contract Liability, and Receivable

The following tables present the (increases)/ decreases in the allowance for credit losses for Contract assets:

(in thousands)	December 31, 2024		(Charge)/ benefit		Currency translation		Other		December 31, 2025
Contract assets expected credit losses	$	(840)	$	76	$	(17)	$	310	$	(471)

(in thousands)	December 31, 2023		(Charge)/ benefit		Currency translation		Other		December 31, 2024
Contract assets expected credit losses	$	(908)	$	52	$	16	$	—	$	(840)