Post-effective amendment to a registration statement that is not immediately effective upon filing

PENSION BENEFITS (Tables)

v3.21.1
PENSION BENEFITS (Tables)
 3 Months Ended 12 Months Ended
Mar. 31, 2021
Dec. 31, 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 plans for the Successor and Predecessor were as follows (in thousands):
(Successor) (Predecessor)
Three Months Ended
March 31, 2021		 Three Months Ended
March 31, 2020
Service cost $ 16  $ 14 
Interest cost 259  51 
Expected return on plan assets (399) — 
Recognized actuarial loss 9  40 
Net periodic benefit (credit) cost $ (115) $ 105 
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
March 31, 2021		 Three Months Ended
March 31, 2020
Selling, general and administrative expense $ 16  $ 14 
Other income, net (131) 91 
Net periodic benefit (credit) cost $ (115) $ 105 
The components of net periodic benefit (credit) cost for the Company’s defined benefit pension plans for the Successor and Predecessor were as follows (in thousands):
(Successor) (Predecessor)
From June 26, 2020 to December 31, 2020 From January 1, 2020 to
June 25, 2020		 Year Ended December 31, 2019 Year Ended December 31, 2018
Service cost $ 94  $ 41  $ 692  $ 864 
Interest cost 545  593  1,410  1,320 
Expected return on plan assets (783) (817) (1,462) (1,507)
Amortization of prior service cost —  33  149  149 
Amortization of net actuarial loss —  276  1,332  1,344 
Settlement/curtailment expense (25) —  317  — 
Net periodic benefit (credit) cost $ (169) $ 126  $ 2,438  $ 2,170 
Net periodic benefit (credit) cost is reflected in the Company’s consolidated and combined financial statements as follows for the Successor and Predecessor periods presented (in thousands):
(Successor) (Predecessor)
From June 26, 2020 to December 31, 2020 From January 1, 2020 to
June 25, 2020		 Year Ended December 31, 2019 Year Ended December 31, 2018
Cost of Goods Sold $ —  $ —  $ 614  $ 500 
Selling, general and administrative expense 69  41  1,824  1,670 
Other (expense) income, net (238) 85  —  — 
Net periodic benefit (credit) cost $ (169) $ 126  $ 2,438  $ 2,170