Pension and Other Postretirement Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2021

Retirement Benefits [Abstract]

Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets

The following table summarizes the change in the projected benefit obligation and the fair value of plan assets for the Dutch Plan (in thousands):

	December 31,
	2021			2020
Projected Benefit Obligation:
Projected benefit obligation at beginning of year	$	74,683		$	65,246
Interest cost		323			679
Amendments/curtailments		—			(1,049	)
Benefits paid and administrative expenses		(1,426	)		(1,329	)
Actuarial (gain) loss, net		(5,281	)		5,056
Unrealized (gain) loss on foreign exchange		(5,170	)		6,080
Projected benefit obligation at end of year	$	63,129		$	74,683
Fair Value of Plan Assets:
Fair value of plan assets at beginning of year	$	70,319		$	59,318
Increase in plan asset value		(5,268	)		6,041
Employer contributions		261			601
Benefits paid and administrative expenses		(1,426	)		(1,329	)
Unrealized gain (loss) on foreign exchange		(4,847	)		5,688
Fair value of plan assets at end of year	$	59,039		$	70,319
Under-funded status of the plan at end of the year	$	(4,090	)	$	(4,364	)
Accumulated Benefit Obligation	$	63,129		$	74,683

Schedule of Assumptions Used

The following actuarial assumptions were used to determine the actuarial present value of our projected benefit obligation and the net periodic pension costs for the Dutch Plan:

	December 31,
	2021			2020
Weighted average assumed discount rate		1.00	%		0.45	%
Expected long-term rate of return on plan assets		1.00	%		0.45	%
Weighted average rate of compensation increase		1.90	%		1.50	%

Schedule of Amounts Recognized in Balance Sheet

Amounts recognized for the Dutch Plan in the Consolidated Balance Sheet consist of (in thousands):

	December 31,
	2021			2020
Deferred tax asset	$	1,023		$	1,192
Other long-term liabilities		4,090			4,364
Accumulated other comprehensive loss		(5,595	)		(5,375	)

Schedule of Net Benefit Costs

The components of net periodic pension cost for the Dutch Plan include (in thousands):

	For the Years Ended December 31,
	2021			2020			2019
Service cost	$	—		$	—		$	755
Interest cost		323			679			1,027
Expected return on plan assets		(306	)		(634	)		(914	)
Administrative charges		—			—			17
Curtailment		—			(1,049	)		(2,621	)
Prior service cost		—			—			(848	)
Net actuarial loss		—			—			3,171
Net periodic pension cost	$	17		$	(1,004	)	$	587

Schedule of Expected Benefit Payments

Expected benefit payments to eligible participants under this plan for the next five years are as follows (in thousands):

2022	$	1,432
2023	$	1,557
2024	$	1,696
2025	$	1,767
2026	$	1,897
Succeeding five years	$	11,433