Quarterly report pursuant to Section 13 or 15(d)

PENSION BENEFITS (Tables)

v3.20.2
PENSION BENEFITS (Tables)
 9 Months Ended
Sep. 30, 2020
Retirement Benefits [Abstract]  
Schedule of components of net periodic benefit (credit) cost and net periodic benefit costs
The components of net periodic benefit (credit) cost for the Company’s defined benefit pension plan for the Successor and Predecessor were as follows (in thousands):
(Successor) (Predecessor)
Three Months Ended
September 30, 2020		 From
June 26, 2020 to September 30, 2020
From
January 1, 2020 to June 25, 2020
 Three Months Ended
September 30, 2019		 Nine Months Ended
September 30, 2019
Service cost $ —  $ —  $ —  $ 152  $ 456 
Interest cost 210  210  452  275  841 
Expected return on plan assets (392) (392) (818) (365) (1,096)
Recognized actuarial loss —  —  108  276  828 
Amortization of prior service cost —  —  —  21  63 
Net periodic benefit (credit) cost $ (182) $ (182) $ (258) $ 359  $ 1,092 
Net periodic benefit (credit) cost is reflected in the Company’s consolidated financial statements as follows for the Successor and Predecessor periods presented (in thousands):
(Successor) (Predecessor)
Three Months Ended
September 30, 2020		 From
June 26, 2020 to September 30, 2020
From
January 1, 2020 to June 25, 2020
 Three Months Ended
September 30, 2019		 Nine Months Ended
September 30, 2019
Cost of Goods Sold $ —  $ —  $ —  $ 125  $ 387 
Selling, general and administrative expense —  —  —  234  705 
Other income, net (182) (182) (258) —  —
Net periodic benefit (credit) cost $ (182) $ (182) $ (258) $ 359  $ 1,092