Note 18 - Post-retirement Benefits

9 Months Ended

Sep. 30, 2024

Notes to Financial Statements

Retirement Benefits [Text Block]

18. Post-retirement benefits

Amounts recognized in the unaudited condensed consolidated statements of operations in respect of the defined benefit schemes were as follows (in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
Amortization of prior service credit	$	61		$	61		$	183		$	183
Interest cost		(1,585	)		(1,571	)		(4,763	)		(4,655	)
Expected return on plan assets		1,938			1,030			5,773			3,023
Total	$	414		$	(480	)	$	1,193		$	(1,450	)

The Company contributed $1.4 million and $4.0 million for the three and nine months ended September 30, 2024, and $1.3 million and $3.8 million for the three and nine months ended September 30, 2023, respectively, to defined benefit schemes.

Amortization of prior service credit, interest cost and expected return on plan assets have been recognized in “Other income, net” in the unaudited condensed consolidated statements of operations.