XML 50 R38.htm IDEA: XBRL DOCUMENT v3.20.2
Pension and Other Post-Employment Benefits (Tables)
3 Months Ended
Mar. 31, 2020
Compensation And Retirement Disclosure [Abstract]  
Schedule of Net Periodic Benefit Costs

The following tables summarize the components of net periodic benefit costs.  Service costs incurred for plant personnel are included in cost of goods sold.  Service costs incurred for corporate personnel and retirees are included in selling, general, and administrative expenses.  All other components of net period benefit cost are included in other non-operating expense, net on the Condensed Consolidated Statements of Loss, for the three months ended March 31, 2020 and 2019 as follows:

 

 

 

Covia Pension Plan

 

 

 

Three Months Ended March 31,

 

 

 

2020

 

 

2019

 

 

 

(in thousands)

 

Components of net periodic benefit cost

 

 

 

 

 

 

 

 

Service cost

 

$

126

 

 

$

551

 

Interest cost

 

 

971

 

 

 

2,084

 

Expected return on plan assets

 

 

(1,263

)

 

 

(2,308

)

Amortization of prior service cost

 

 

27

 

 

 

82

 

Amortization of net actuarial loss

 

 

476

 

 

 

522

 

Settlement loss

 

 

2,011

 

 

 

1,679

 

Net periodic benefit cost

 

$

2,348

 

 

$

2,610

 

 

 

 

Postretirement Medical Plans

 

 

 

Three Months Ended March 31,

 

 

 

2020

 

 

2019

 

 

 

(in thousands)

 

Components of net periodic benefit cost

 

 

 

 

 

 

 

 

Service cost

 

$

79

 

 

$

73

 

Interest cost

 

 

35

 

 

 

120

 

Amortization of net actuarial loss

 

 

15

 

 

 

40

 

Net periodic benefit cost

 

$

129

 

 

$

233