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Defined Benefit Pension Plans
 9 Months Ended
Sep. 30, 2023
Retirement Benefits [Abstract]  
Defined Benefit Pension Plans Defined Benefit Pension Plans
We sponsor both funded and unfunded defined benefit pension plans offering death and disability, retirement, and special termination benefits for certain of our international employees, primarily in Germany, France, Indonesia, India, and Italy. The defined benefit obligation is calculated annually by using the projected unit credit method. The measurement date for the pension plans was December 31, 2022.

Amounts recognized on the Consolidated Balance Sheets consist of:
In thousandsSeptember 30, 2023December 31, 2022
Assets
Plan assets in other long-term assets$149 $162 
Liabilities
Current portion of pension benefit obligation in wages and benefits payable$4,083 $3,400 
Long-term portion of pension benefit obligation58,079 57,839 
Pension benefit obligation, net$62,013 $61,077 
Our asset investment strategy focuses on maintaining a portfolio using primarily insurance funds, which are accounted for as investments and measured at fair value, in order to achieve our long-term investment objectives on a risk-adjusted basis. Our general funding policy for these qualified pension plans is to contribute amounts sufficient to satisfy regulatory funding standards of the respective countries for each plan.

Net periodic pension benefit cost for our plans includes the following components:
Three Months Ended September 30,Nine Months Ended September 30,
In thousands2023202220232022
Service cost$605 $739 $1,845 $2,241 
Interest cost720 403 2,153 1,269 
Expected return on plan assets(88)(75)(264)(238)
Amortization of prior service costs15 17 45 53 
Amortization of actuarial net loss(122)187 (365)618 
Net periodic benefit cost$1,130 $1,271 $3,414 $3,943 

The components of net periodic benefit cost, other than the service cost component, are included in total other income (expense) on the Consolidated Statements of Operations.