Employee Benefit Plans

3 Months Ended

Mar. 31, 2026

Retirement Benefits [Abstract]

Employee Benefit Plans

12. EMPLOYEE BENEFIT PLANS

Pension Benefit Plan

We maintain a defined benefit pension plan covering employees in certain foreign countries. The net amounts recognized in the Condensed Consolidated Balance Sheets for the unfunded pension liability as of March 31, 2026 and December 31, 2025 were as follows:

		As of			As of
(In thousands)	Balance Sheet Location	March 31, 2026			December 31, 2025
Non-current pension asset	Other non-current assets	$	3,148		$	2,291
Current pension liability	Accrued wages and benefits		(366	)		(372	)
Non-current pension liability	Non-current pension liability		(6,305	)		(6,277	)
Net pension liability		$	(3,523	)	$	(4,358	)

The Company's defined benefit pension liability represents the projected benefit obligation, which is the actuarial present value of the vested benefits to which the employee is currently entitled based on the employee's expected date of retirement.

The following table summarizes the components of net periodic pension cost related to the Company's defined benefit pension plans:

	Three Months Ended
	March 31,
(In thousands)	2026			2025
Service cost	$	848		$	389
Interest cost		366			486
Expected return on plan assets		(521	)		(588	)
Amortization of actuarial losses		20			11
Net periodic pension cost	$	713		$	298

The components of net periodic pension cost, other than the service cost component, are included in other income, net in the Condensed Consolidated Statements of Loss. Service cost is included in cost of revenue, selling, general and administrative expenses and research and development expenses in the Condensed Consolidated Statements of Loss. The Company made contributions to the defined benefit pension plans totaling $1.1 million during the three months ended March 31, 2026 and 2025. Contributions to the defined benefit pension plans for the remainder of 2026 will be limited to benefit payments to retirees which are paid out of the operating cash flows of the Company and are expected to be approximately $1.6 million.