v3.25.4
Employee Benefits (Tables)
12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
Schedule of Accumulated Postretirement Obligations The following table summarizes the changes in the projected benefit obligation:
Year Ended December 31,
2025
2024
2023
(in thousands)
Accumulated postretirement benefit obligation - beginning of period 
$4,709
$4,123
$3,708
Service cost
785
687
707
Interest cost 
200
158
161
Curtailment
—
(192)
(306)
Actuarial losses (gains) 
(622)
216
(290)
Currency translation adjustment
635
(283)
143
Accumulated postretirement benefit obligation - end of period 
$5,707
$4,709
$4,123
Schedule of Assumptions Used The main assumptions used for the purposes of the actuarial valuations are listed below:
Year Ended December 31,
2025
2024
2023
Discount rate (Corp AA)
4.5%
3.9%
3.9%
Expected rate of salary increase
7.0%
7.0%
7.0%
Expected rate of social charges
50.0%
49.0%
48.0%
Expected staff turnover
Company age-
based table
Company age-
based table
Company age-
based table
Estimated retirement age
65 years old
65 years old
Progressive table
Life table
TH-TF 2000-2002
shifted
TH-TF 2000-2002
shifted
TH-TF 2000-2002
shifted
Defined Contribution Plan Disclosures
Year Ended December 31,
2025
2024
2023
(in thousands)
Defined contributions plan expenses
$(20,067)
$(19,062)
$(18,342)