Pension and Other Post Retirement Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2023

Retirement Benefits [Abstract]

Components of Net Periodic Benefit Cost for Company's Defined Benefit Plans

The components of net periodic benefit cost for the Company’s defined benefit plans for the years ended December 31, 2023, 2022 and 2021 were as follows:

	U.S. Plan									German Plan
	Year Ended December 31,									Year Ended December 31,
	2023			2022			2021			2023			2022			2021
Net periodic benefit cost:
Service cost	$	—		$	—		$	—		$	—		$	—		$	—
Interest cost		115			56			42			217			92			91
Expected return on plan assets		—			—			—			(115	)		(109	)		(120	)
Amortization of prior service cost and actuarial loss		—			22			26			23			114			133
Net periodic benefit cost	$	115		$	78		$	68		$	125		$	97		$	104
Assumptions:
Discount rate		4.65	%		1.80	%		1.20	%		4.10	%		1.08	%		1.06	%
Long-term return on assets	N/A			N/A			N/A				3.20	%		2.90	%		2.90	%

Reconciliation of Change in Benefit Obligation, Change in Plan Assets and Balance Sheet Classification

A reconciliation of the change in benefit obligation and the change in plan assets for the years ended December 31, 2023 and 2022 is as follows:

	U.S. Plan						German Plan
	As of December 31,						As of December 31,
	2023			2022			2023			2022
Change in projected benefit obligation:
Balance at beginning of year	$	2,811		$	3,446		$	5,398		$	8,102
Interest cost		115			56			217			92
Paid pension distributions		(342	)		(342	)		(290	)		(281	)
Actuarial loss (gain)		18			(349	)		(89	)		(2,001	)
Exchange rate impact		—			—			170			(514	)
Balance at end of year	$	2,602		$	2,811		$	5,406		$	5,398
Change in plan assets:
Balance at beginning of year		—			—			3,918			4,069
Actual return on plan assets		—			—			98			89
Contributions		—			—			—			—
Paid pension distributions		—			—			—			—
Exchange rate impact		—			—			129			(240	)
Balance at end of year	$	—		$	—		$	4,145		$	3,918
Underfunded Status	$	(2,602	)	$	(2,811	)	$	(1,261	)	$	(1,480	)
Balance sheet classification:
Other current liabilities	$	(357	)	$	(342	)	$	(297	)	$	(314	)
Pension benefit obligation		(2,245	)		(2,469	)		(964	)		(1,166	)
Accumulated other comprehensive loss (pre-tax):
Actuarial losses		223			205			899			965
Assumptions:
Discount rate		4.45	%		4.65	%		4.56	%		4.10	%

Summary of Pre-tax Amounts in AOCI Expected to Be Recognized in Net Periodic Benefit Cost

Pre-tax amounts included in AOCI that are expected to be recognized in net periodic benefit cost during the year ended December 31, 2024 are as follows:

	U.S Plan		German Plan
Actuarial losses	$	—	$	20

Summary of Accumulated Benefit Obligations

The accumulated benefit obligations were as follows:

	U.S. Plan				German Plan
	As of December 31,				As of December 31,
	2023		2022		2023		2022
Accumulated benefit obligation	$	2,602	$	2,811	$	5,406	$	5,398

Schedule of Future Expected Pension Payments

The schedule of future expected pension payments is as follows:

	Projected Pension Benefit Payments
Year	U.S Plan		German Plan
2024	$	342	$	324
2025		342		314
2026		342		303
2027		342		292
2028		342		279
2029-2032		1,368		2,893
Total	$	3,078	$	4,405