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Defined Benefit Plans
 9 Months Ended
Sep. 30, 2025
Retirement Benefits [Abstract]  
Defined Benefit Plans
14. Defined Benefit Plans
In connection with the Acquisition, the Company acquired certain defined benefit plans in two international locations. Pension benefits under these plans are based on the employees' age, years of service, and compensation levels during their employment period.
As of September 30, 2025, the Company had net liabilities of $6.3 million recorded within other non-current liabilities in its condensed consolidated balance sheet, which included an aggregate fair value of plan assets of $6.7 million and an aggregate projected benefit obligation of $13.0 million as of September 30, 2025. The plan assets, financed by the employer and employee contributions, are invested in cash, bonds, equities, real estate, and alternative investments.
The following table summarizes the components of the Company’s net periodic benefit cost related to the Company’s defined benefit pension plans:
Three Months Ended September 30, 2025Nine Months Ended September 30, 2025
(In thousands)
Service cost$259 $659 
Interest cost45 115 
Expected return on plan assets(48)(123)
Total net periodic benefit cost$256 $651 
The service cost component of net periodic benefit cost is recorded within operating expenses in the condensed consolidated statements of income while the other components are recorded in other income, net.
There were no cash contributions required to be made to the Company’s defined benefit plans during the period from February 2, 2025 through September 30, 2025.