Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2023

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
	2023			2022
Components of net periodic benefit cost:
Service cost	$	373		$	245
Interest cost		4,687			2,834
Recognized actuarial gain		3,082			2,211
Expected return on plan assets		(5,686	)		(7,405	)
Prior service cost		65			64
Net periodic benefit cost	$	2,521		$	(2,051	)

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
	2023			2022
Change in benefit obligation:
Beginning balance	$	98,797		$	166,764
Service cost		373			245
Interest cost		4,687			2,834
Actuarial loss (gain)		3,441			(48,234	)
Benefits paid		(4,918	)		(4,710	)
Settlements		-			(1,052	)
Currency changes		5,728			(17,050	)
Benefit obligation at December 31	$	108,108		$	98,797
Change in plan assets:
Beginning balance - fair value	$	91,307		$	155,029
Employer contribution		2,863			2,697
Actual return on plan assets		3,515			(44,637	)
Benefits paid		(4,918	)		(4,710	)
Settlements		-			(1,230	)
Currency changes		5,249			(15,842	)
Fair value of plan assets at December 31	$	98,016		$	91,307
Underfunded status at December 31	$	(10,092	)	$	(7,490	)

Schedule of Assumptions Used

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

	2023			2022
Discount rate		4.7	%		4.7	%
Expected long-term return on plan assets		6.1	%		6.1	%

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

	2023			2022
Discount rate		4.4	%		4.7	%

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		7.5	%		50	%
Hedging assets		4.1	%		35	%
Cash		5.3	%		15	%

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, 2023:

2024	$	5,310
2025		5,391
2026		5,516
2027		5,658
2028		5,810
2029-2033		30,288

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

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

	December 31, 2023
Asset category	Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	8,961	$	-	$	-	$	8,961
Equity securities:
U.K.		-		534		-		534
Overseas equities		-		12,424		-		12,424
Emerging markets		-		3,296		-		3,296
Fixed income securities:
Government bonds		-		87		-		87
Non-government bonds		-		12,860		-		12,860
Other types of investments
Hedge funds		-		18,898		-		18,898
Liability-driven investments		-		34,681		-		34,681
Commodities		-		676		-		676
Other		-		5,599		-		5,599
Total	$	8,961	$	89,055	$	-	$	98,016