Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2021

Retirement Benefits [Abstract]

Schedule of Net Benefit Costs

The table below sets forth net periodic benefit costs of the plan for the twelve months ended December 31:

	Defined Benefit Plan
	2021			2020
Components of net periodic benefit cost:
Service cost	$	275		$	257
Interest cost		2,269			3,035
Recognized actuarial loss		2,959			2,100
Expected return on plan assets		(7,266	)		(7,405	)
Prior service cost		72			56
Net periodic benefit cost	$	(1,691	)	$	(1,957	)

Schedule of Benefit Obligation, Fair Value of Plan Assets, and Funded Status of our Plan

The table below sets forth the benefit obligation, the fair value of plan assets, and the funded status as of December 31:

	Defined Benefit Plan
	2021			2020
Change in benefit obligation:
Beginning balance	$	175,292		$	158,680
Service cost		275			257
Interest cost		2,269			3,027
Actuarial (gain) loss		(4,893	)		12,522
Benefits paid		(4,451	)		(4,769	)
Currency changes		(1,728	)		5,575
Benefit obligation at December 31	$	166,764		$	175,292
Change in plan assets:
Beginning balance - fair value	$	147,861		$	132,621
Employer contribution		3,027			2,822
Actual return on plan assets		10,314			12,535
Benefits paid		(4,451	)		(4,769	)
Currency changes		(1,722	)		4,652
Fair value of plan assets at December 31	$	155,029		$	147,861
Underfunded status at December 31	$	(11,735	)	$	(27,431	)

Schedule of Assumptions Used

The following weighted-average assumptions were used to determine net periodic benefit costs for the twelve months ended December 31:

	2021			2020
Discount rate		1.9	%		1.3	%
Expected long-term return on plan assets		5.3	%		4.9	%

The following weighted-average assumption was used to determine the benefit obligations at December 31:

	2021			2020
Discount rate		1.9	%		1.3	%

Schedule of Allocation Of Plan Assets

The table below sets forth the plan asset allocations of the assets in the plan and expected long-term return by asset category:

Asset category	Expected long-term return			Asset allocation
Growth assets		7.0	%		70	%
Hedging assets		1.2	%		28	%
Cash		0.3	%		2	%

Schedule of Expected Benefit Payments

Benefit plan payments are primarily made from funded benefit plan trusts and current assets. The table below sets forth the expected future benefit payments, including future benefit accrual, as of December 31, 2021:

2022	$	4,942
2023		5,354
2024		5,725
2025		5,816
2026		5,946
2027-2031		32,224

Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets

The following table summarizes the major categories of the plan assets:

	December 31, 2021
Asset category	Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	9,685	$	-	$	-	$	9,685
Equity securities:
U.K.		-		1,982		-		1,982
Overseas equities		-		46,447		-		46,447
Emerging markets		-		11,662		-		11,662
Fixed income securities:
Government bonds		-		6,289		-		6,289
Non-government bonds		-		7,702		-		7,702
Other types of investments
Hedge funds		-		19,208		-		19,208
Property		-		-		-		-
Liability-driven investments		-		46,463		-		46,463
Commodities		-		5,581		-		5,581
Other		-		10		-		10
Total	$	9,685	$	145,344	$	-	$	155,029