v3.26.1
Employee Benefits (Tables)
 3 Months Ended
Mar. 31, 2026
Retirement Benefits [Abstract]  
Schedule of Accumulated and Projected Benefit Obligations
The following table summarizes the changes in the projected benefit obligation:
Projected benefit obligation
(in thousands)
Accumulated postretirement benefit obligation at January 1, 2025
$4,709 
Service cost
785 
Interest cost
200 
Actuarial losses (gains)
(622)
Currency translation adjustment
635 
Accumulated postretirement benefit obligation at December 31, 2025
$5,707 
Service cost
198 
Interest cost
64 
Actuarial losses (gains)
(118)
Currency translation adjustment
(126)
Accumulated postretirement benefit obligation at March 31, 2026
$5,725 
Schedule of Assumptions Used for Actuarial Valuations
The main assumptions used for the purposes of the actuarial valuations are listed below:
Three Months EndedYear Ended
March 31, 2026December 31, 2025
Discount rate (Corp AA)
4.6%4.5%
Expected rate of salary increase
7.0%7.0%
Expected rate of social charges
50.0%50.0%
Expected staff turnover
Company age-based tableCompany age-based table
Estimated retirement age
65 years old65 years old
Life table
TH-TF 2000-2002 shiftedTH-TF 2000-2002 shifted
Schedule of Defined Contribution Plan
Three Months Ended
March 31, 2026March 31, 2025
(in thousands)
Defined contribution plan expenses
$4,832 $4,242