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EMPLOYEE BENEFIT PLANS (Tables)
6 Months Ended
Sep. 30, 2017
Compensation And Retirement Disclosure [Abstract]  
Schedule of Carrying Value of Trust Assets, Including Unrealized Gains or Losses

The following table summarizes the carrying value of the trust assets, including unrealized gains or losses at September 30, 2017 and March 31, 2017:

 

 

 

Successor

 

 

 

Predecessor

 

 

 

September 30,

 

 

 

March 31,

 

(In thousands)

 

2017

 

 

 

2017

 

Investments held in Rabbi Trust

 

$

8,846

 

 

 

 

8,759

 

Unrealized gain (losses) in fair value of trust assets

 

 

82

 

 

 

 

(95

)

Unrealized losses in fair value of trust assets

   are net of income tax expense of

 

 

 

 

 

 

(223

)

Obligations under the supplemental plan

 

 

30,631

 

 

 

 

29,108

 

 

Schedule of Net Periodic Benefit Cost

The net periodic benefit cost for the company’s defined benefit pension plans and supplemental plan (referred to collectively as “Pension Benefits”) and the postretirement health care and life insurance plan (referred to collectively as “Other Benefits”) is comprised of the following components:

 

 

 

Successor

 

 

 

Predecessor

 

 

 

Period from

 

 

 

Period from

 

 

 

 

 

 

 

August 1, 2017

 

 

 

July 1, 2017

 

 

Three Months

 

 

 

through

 

 

 

through

 

 

Ended

 

(In thousands)

 

September 30, 2017

 

 

 

July 31, 2017

 

 

September 30, 2016

 

Pension Benefits:

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

203

 

 

 

 

99

 

 

 

254

 

Interest cost

 

 

624

 

 

 

 

328

 

 

 

941

 

Expected return on plan assets

 

 

(332

)

 

 

 

(173

)

 

 

(548

)

Administrative expenses

 

 

2

 

 

 

 

1

 

 

 

2

 

Amortization of prior service cost

 

 

 

 

 

 

 

 

 

 

Recognized actuarial loss

 

 

 

 

 

 

187

 

 

 

446

 

Net periodic benefit cost

 

$

497

 

 

 

 

442

 

 

 

1,095

 

Other Benefits:

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

12

 

 

 

 

6

 

 

 

20

 

Interest cost

 

 

30

 

 

 

 

16

 

 

 

50

 

Amortization of prior service cost

 

 

 

 

 

 

(232

)

 

 

(1,086

)

Recognized actuarial benefit

 

 

 

 

 

 

(83

)

 

 

(285

)

Net periodic benefit cost

 

$

42

 

 

 

 

(293

)

 

 

(1,301

)

 

 

Successor

 

 

 

Predecessor

 

 

 

Period from

 

 

 

Period from

 

 

 

 

 

 

 

August 1, 2017

 

 

 

April 1, 2017

 

 

Six Months

 

 

 

through

 

 

 

through

 

 

Ended

 

(In thousands)

 

September 30, 2017

 

 

 

July 31, 2017

 

 

September 30, 2016

 

Pension Benefits:

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

203

 

 

 

 

393

 

 

 

506

 

Interest cost

 

 

624

 

 

 

 

1,313

 

 

 

1,882

 

Expected return on plan assets

 

 

(332

)

 

 

 

(691

)

 

 

(1,097

)

Administrative expenses

 

 

2

 

 

 

 

3

 

 

 

4

 

Amortization of prior service cost

 

 

 

 

 

 

 

 

 

 

Recognized actuarial loss

 

 

 

 

 

 

748

 

 

 

892

 

Net periodic benefit cost

 

$

497

 

 

 

 

1,766

 

 

 

2,187

 

Other Benefits:

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

12

 

 

 

 

23

 

 

 

40

 

Interest cost

 

 

30

 

 

 

 

64

 

 

 

100

 

Amortization of prior service cost

 

 

 

 

 

 

(927

)

 

 

(2,172

)

Recognized actuarial benefit

 

 

 

 

 

 

(335

)

 

 

(570

)

Net periodic benefit cost

 

$

42

 

 

 

 

(1,175

)

 

 

(2,602

)