Quarterly report pursuant to Section 13 or 15(d)

PENSION BENEFITS (Tables)

v3.21.2
PENSION BENEFITS (Tables)
6 Months Ended
Jun. 30, 2021
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
June 30, 2021
Six Months Ended
June 30, 2021
From
June 26, 2020 to June 30, 2020
From
 April 1, 2020 to June 25, 2020
From
January 1, 2020 to June 25, 2020
Service cost $ 16  $ 32  $ —  $ 27  $ 41 
Interest cost 260  519  —  542  593 
Expected return on plan assets (400) (799) —  (817) (817)
Recognized actuarial loss 18  —  236  276 
Amortization of prior service cost —  —  —  33  33 
Net periodic benefit (credit) cost $ (115) $ (230) $ —  $ 21  $ 126 
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
June 30, 2021
Six Months Ended
June 30, 2021
From
June 26, 2020 to June 30, 2020
From
 April 1, 2020 to June 25, 2020
From
January 1, 2020 to June 25, 2020
Selling, general and administrative expense $ 16  $ 32  $ —  $ 27  $ 41 
Other income, net (131) (262) —  (6) 85 
Net periodic benefit (credit) cost $ (115) $ (230) $ —  $ 21  $ 126