Company: CVGI
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001628280-25-012913
Chunk: 111

Company: Commercial Vehicle Group, Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 8
Chunk 111
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 periodic cost (benefit) for the years ended December 31 were as follows:  Non-U.S. Pension Plan 202420232022Interest cost$1,399 $1,418 $785 Expected return on plan assets(1,293)(1,221)(1,016)Amortization of prior service cost50 48 48 Recognized actuarial loss872 757 603 Net periodic cost (benefit)$1,028 $1,002 $420 Net periodic cost (benefit) components, not inclusive of service costs, are recognized in Other (income) expense within the Consolidated Statements of Operations. Amounts Recognized in Other Comprehensive Income (Loss) - Amounts recognized in Other comprehensive income (loss), before taking into account income tax effects, at December 31 are as follows: Non-U.S. Pension Plan 202420232022Net actuarial loss$13,899 $14,165 $13,603 Prior service cost538 572 618 $14,437 $14,737 $14,221 Other Changes in Plan Assets and Benefit Obligations Recognized in Comprehensive Income (Loss) - Amounts recognized as other changes in plan assets and benefit obligations in comprehensive income (loss), before taking into account income tax effects, for the year ended December 31 are as follows: Non-U.S. Pension Plan 20242023Actuarial (gain) loss$205 $1,186 Amortization of actuarial (loss) gain(844)(716)Prior service credit(48)(46)Total recognized in other comprehensive income (loss)$(687)$424 Weighted-average assumptions used to determine benefit obligations at December 31 were as follows: Non-U.S. Pension Plan 20242023Discount rate5.40 %4.45 %Weighted-average assumptions used to determine net periodic benefit cost at December 31 were as follows:   Non-U.S. Pension Plan 202420232022Discount rate4.45 %4.45 %1.80 %Expected return on plan assets5.65 %5.65 %2.90 %The rate of return assumptions are based on projected long-term market returns for the various asset classes in which the plans are invested, weighted by the target asset allocations. An incremental amount for active plan asset management