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EMPLOYEE BENEFIT PLANS (Tables)
3 Months Ended
Mar. 31, 2018
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 March 31, 2018 and December 31, 2017:

 

 

 

Successor

 

 

 

March 31,

 

 

December 31,

 

(In thousands)

 

2018

 

 

2017

 

Investments held in Rabbi Trust at fair value

 

$

8,809

 

 

 

8,908

 

Unrealized gains (losses) in fair value of trust assets

 

 

(43

)

 

 

256

 

Obligations under the supplemental plan

 

 

32,581

 

 

 

32,508

 

 

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

 

 

 

Quarter Ended

 

 

 

Quarter Ended

 

 

 

March 31,

 

 

 

March 31,

 

(In thousands)

 

2018

 

 

 

2017

 

Pension Benefits:

 

 

 

 

 

 

 

 

 

Service cost

 

$

30

 

 

 

 

419

 

Interest cost

 

 

902

 

 

 

 

991

 

Expected return on plan assets

 

 

(483

)

 

 

 

(601

)

Administrative expenses

 

 

1

 

 

 

 

22

 

Payroll tax of net pension costs

 

 

 

 

 

 

56

 

Amortization of net actuarial losses

 

 

 

 

 

 

32

 

Recognized actuarial loss

 

 

 

 

 

 

447

 

Net periodic pension cost

 

$

450

 

 

 

 

1,366

 

Other Benefits:

 

 

 

 

 

 

 

 

 

Service cost

 

$

15

 

 

 

 

21

 

Interest cost

 

 

29

 

 

 

 

51

 

Amortization of prior service cost

 

 

(75

)

 

 

 

(1,088

)

Recognized actuarial benefit

 

 

11

 

 

 

 

(283

)

Net periodic postretirement benefit

 

$

(20

)

 

 

 

(1,299

)