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STOCKHOLDERS' EQUITY

6 Months Ended

12 Months Ended

Jun. 30, 2018

Dec. 31, 2017

Equity [Abstract]

STOCKHOLDERS' EQUITY

(4) STOCKHOLDERS’ EQUITY

Accumulated Other Comprehensive Loss

The changes in accumulated other comprehensive income (loss) by component, net of tax for the quarters and six month periods ended June 30, 2018 and 2017 are as follows:

		For the quarter ended June 30, 2018 (Successor)																				For the six months ended June 30, 2018 (Successor)
(in thousands)		Balance at 3/31/18				Gains/ (losses) recognized in OCI				Reclasses from OCI to net income				Net period OCI				Remaining balance 6/30/18				Balance at 12/31/17				Gains/ (losses) recognized in OCI				Reclasses from OCI to net income				Net period OCI				Remaining balance 6/30/18
Available for sale securities			(43	)			—				43				43				—				256				(660	)			404				(256	)			—
Pension/Post- retirement benefits			(403	)			—				—				—				(403	)			(403	)			—				—				—				(403	)
Total			(446	)			—				43				43				(403	)			(147	)			(660	)			404				(256	)			(403	)

		For the quarter ended June 30, 2017 (Predecessor)																				For the six months ended June 30, 2017 (Predecessor)
(in thousands)		Balance at 3/31/17				Gains/ (losses) recognized in OCI				Reclasses from OCI to net income				Net period OCI				Remaining balance 6/30/17				Balance at 12/31/16				Gains/ (losses) recognized in OCI				Reclasses from OCI to net income				Net period OCI				Remaining balance 6/30/17
Available for sale securities			(95	)			6				80				86				(9	)			(1	)			(209	)			201				(8	)			(9	)
Currency translation adjustment			(9,811	)			—				—				—				(9,811	)			(9,811	)			—				—				—				(9,811	)
Pension/Post- retirement benefits			(438	)			—				—				—				(438	)			4,683				(5,121	)			—				(5,121	)			(438	)
Interest rate swap			—				—				—				—				—				(1,317	)			—				1,317				1,317				—
Total			(10,344	)			6				80				86				(10,258	)			(6,446	)			(5,330	)			1,518				(3,812	)			(10,258	)

The following table summarizes the reclassifications from accumulated other comprehensive income (loss) to the condensed consolidated statement of income for the quarters and six month periods ended June 30, 2018 and 2017:

		Successor								Predecessor								Successor								Predecessor				Affected line item in the condensed consolidated statements of income
(In thousands)		Quarter Ended June 30, 2018								Quarter Ended June 30, 2017								Six Months Ended June 30, 2018								Six Months Ended June 30, 2017
Realized gains on available for sale securities		$	43								80								404								405			Interest income and other, net
Interest rate swap			—								—								—								2,140			Interest and other debt costs
Total pre-tax amounts			43								80								404								2,545
Tax effect			—								—								—								1,027
Total gains for the period, net of tax		$	43								80								404								1,518

(11) STOCKHOLDERS’ EQUITY

Common Stock

The number of authorized and issued common stock and preferred stock are as follows:

		Successor				Predecessor
		December 31, 2017				March 31, 2017
Common stock shares authorized			125,000,000				125,000,000
Common stock par value		$	0.001			$	0.10
Common stock shares issued			22,115,916				47,121,304
Preferred stock shares authorized			3,000,000				3,000,000
Preferred stock par value			No par				No par
Preferred stock shares issued			—				—

Common Stock Repurchases

No shares were repurchased by the company during the year ended March 31, 2017, or the nine month transition period ended December 31, 2017.

Dividend Program

There were no dividends declared by the company during the year ended March 31, 2017, or the nine month transition period ended December 31, 2017.

Accumulated Other Comprehensive Loss

The changes in accumulated other comprehensive income by component, net of tax, are as follows:

		Successor
		Period from August 1, 2017 through December 31, 2017
(in thousands)		Balance at 7/31/17				Gains/ (losses) recognized in OCI				Reclasses from OCI to net income				Net period OCI				Remaining balance 12/31/17
Available for sale securities			—				87				169				256				256
Pension/Post-retirement benefits			—				(403	)			—				(403	)			(403	)
Total			—				(316	)			169				(147	)			(147	)

		Predecessor
		Period from April 1, 2017 through July 31, 2017
(in thousands)		Balance at 3/31/17				Gains/ (losses) recognized in OCI				Reclasses from OCI to net income				Net period OCI				Remaining balance 7/31/17
Available for sale securities			(95	)			57				106				163				68
Currency translation adjustment			(9,811	)			—				—				—				(9,811	)
Pension/Post-retirement benefits			(438	)			(2,598	)			—				(2,598	)			(3,036	)
Total			(10,344	)			(2,541	)			106				(2,435	)			(12,779	)

		Predecessor
		For the year ended March 31, 2017
(in thousands)		Balance at 3/31/16				Gains/ (losses) recognized in OCI				Reclasses from OCI to net income				Net period OCI				Remaining balance 3/31/17
Available for sale securities			(208	)			(265	)			378				113				(95	)
Currency translation adjustment			(9,811	)			—				—				—				(9,811	)
Pension/Post-retirement benefits			4,683				(5,121	)			—				(5,121	)			(438	)
Interest rate swap			(1,530	)			—				1,530				1,530				—
Total			(6,866	)			(5,386	)			1,908				(3,478	)			(10,344	)

The following table summarizes the reclassifications from accumulated other comprehensive loss to the consolidated statement of income,

		Successor				Predecessor
(In thousands)		Period from August 1, 2017 through December 31, 2017				Period from April 1, 2017 through July 31, 2017				Year Ended March 31, 2017				Affected line item in the consolidated statements of income
Realized gains on available for sale securities		$	169				106				582			Interest income and other, net
Interest rate swap			—				—				2,353			Interest and other debt costs
Total pre-tax amounts			169				106				2,935
Tax effect			—				—				1,027
Total gains for the period, net of tax		$	169				106				1,908

During the quarter ended March 31, 2017, $1.3 million ($2.4 million pre-tax) of remaining other comprehensive loss related to the interest rate swap agreement, entered into in July 2010 in connection with the September 2010 senior notes offering was recognized as interest expense in accordance with ASC 815. Refer to Note (7) of “Notes to Consolidated Financial Statements” included in this joint proxy statement/prospectus.

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- References

No definition available.

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- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-URI http://asc.fasb.org/topic&trid=2208762

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