Whole Earth Brands, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

PENSION BENEFITS (Tables)

PENSION BENEFITS (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of components of net periodic benefit (credit) expense for the Company's defined benefit pension plan and reflected in the Company's consolidated financial statements

The components of net periodic benefit (credit) expense for the Company’s defined benefit pension plan for the Successor and Predecessor were as follows (in thousands):


	From		From		From		Three Months		Six Months
	June 26, 2020		April 1, 2020		January 1, 2020		Ended		Ended
	to June 30, 2020		to June 25, 2020		to June 25, 2020		June 30, 2019		June 30, 2019
	(Successor)		(Predecessor)
Service cost	$	—	$	—	$	—	$	152	$	304
Interest cost		—		452		452		275		566
Expected return on plan assets		—		(818)		(818)		(365)		(731)
Recognized actuarial loss		—		108		108		276		552
Amortization of prior service cost		—		—		—		21		42
Net periodic benefit (credit) expense	$	—	$	(258)	$	(258)	$	359	$	733

Net periodic benefit (credit) expense is reflected in the Company’s consolidated financial statements as follows for the Successor and Predecessor periods presented (in thousands):


	From		From		From		Three Months		Six Months
	June 26, 2020		April 1, 2020		January 1, 2020		Ended		Ended
	to June 30, 2020		to June 25, 2020		to June 25, 2020		June 30, 2019		June 30, 2019
	(Successor)		(Predecessor)
Cost of Goods Sold	$	—	$	—	$	—	$	125	$	262
Selling, general and administrative expense		—		—		—		234		471
Other (income) expense, net		—		(258)		(258)		—		—
Net periodic benefit (credit) expense	$	—	$	(258)	$	(258)	$	359	$	733