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EMPLOYEE BENEFIT PLANS (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2018 and December 31, 2017:

 

 

 

Successor

 

 

 

June 30,

 

 

December 31,

 

(In thousands)

 

2018

 

 

2017

 

Investments held in Rabbi Trust at fair value

 

$

45

 

 

 

8,908

 

Unrealized gains in fair value of trust assets

 

 

 

 

 

256

 

Obligations under the supplemental plan

 

 

23,797

 

 

 

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

 

 

Successor

 

 

 

Predecessor

 

 

 

Quarter Ended

 

 

 

Quarter Ended

 

 

Six Months Ended

 

 

 

Six Months Ended

 

 

 

June 30,

 

 

 

June 30,

 

 

June 30,

 

 

 

June 30,

 

(In thousands)

 

2018

 

 

 

2017

 

 

2018

 

 

 

2017

 

Pension Benefits:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

41

 

 

 

 

294

 

 

 

71

 

 

 

 

713

 

Interest cost

 

 

882

 

 

 

 

984

 

 

 

1,784

 

 

 

 

1,975

 

Expected return on plan assets

 

 

(482

)

 

 

 

(518

)

 

 

(964

)

 

 

 

(1,119

)

Administrative expenses

 

 

2

 

 

 

 

2

 

 

 

3

 

 

 

 

24

 

Payroll tax of net pension costs

 

 

 

 

 

 

 

 

 

 

 

 

 

56

 

Amortization of net actuarial losses

 

 

 

 

 

 

 

 

 

 

 

 

 

32

 

Recognized actuarial loss

 

 

 

 

 

 

561

 

 

 

 

 

 

 

1,008

 

Settlement loss recognized

 

 

335

 

 

 

 

 

 

 

335

 

 

 

 

 

Net periodic pension cost

 

$

778

 

 

 

 

1,323

 

 

 

1,229

 

 

 

 

2,689

 

Other Benefits:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

15

 

 

 

 

17

 

 

 

30

 

 

 

 

38

 

Interest cost

 

 

29

 

 

 

 

48

 

 

 

58

 

 

 

 

99

 

Amortization of prior service cost

 

 

(75

)

 

 

 

(695

)

 

 

(150

)

 

 

 

(1,783

)

Recognized actuarial benefit

 

 

11

 

 

 

 

(252

)

 

 

22

 

 

 

 

(535

)

Net periodic postretirement benefit

 

$

(20

)

 

 

 

(882

)

 

 

(40

)

 

 

 

(2,181

)