Employee Benefit Plans

3 Months Ended

Mar. 31, 2018

Compensation and Retirement Disclosure [Abstract]

Employee Benefit Plans

Employee Benefit Plans

Components of the net periodic pension and postretirement benefit cost are as follows:

	Successor			Predecessor
	Three Months Ended March 31, 2018			Three Months Ended March 31, 2017
Service cost	$	117		$	106
Interest cost	1,225			1,210
Expected return on assets	(1,971		)	(2,034		)
Amortization of prior service cost	—			50
Amortization of actuarial loss	—			164
Net periodic pension and postretirement benefit gain	$	(629	)	$	(504	)
Contributions paid	$	—		$	356

The Company anticipates making no additional cash contributions to its pension plans in the remainder of 2018.

In the first quarter of 2018, the Company adopted ASU 2017-07, which requires that all net periodic pension and postretirement benefit costs, with the exception of service costs, be included as a component of non-operating income on the Company's Condensed Consolidated Statements of Operations and Comprehensive Loss. Prior to the adoption of ASU 2017-07, the Company reported net periodic pension and postretirement benefit costs as a component of sales, general and administrative expense. As a result of the adoption of ASU No. 2017-07, the Company included the interest cost component of net periodic pension and postretirement benefit costs of $1,225 in interest expense and the expected return on assets component net periodic pension and postretirement benefit costs of $1,971 in other income, net on the Condensed Consolidated Statements of Operations and Comprehensive Loss in the three months ended March 31, 2018 (Successor). Prior year amounts have been reclassified to conform to the current year presentation in the Condensed Consolidated Financial Statements (see Note 3 - New Accounting Standards).

The Company was party to a multi-employer pension plan. In connection with the April 2015 restructuring plan, which is now complete, the Company stated its intention to withdraw from the multi-employer pension plan. At March 31, 2018 (Successor), the total estimated liability to withdraw from the plan is $3,374. The current liability associated with the Company's withdrawal from the multi-employer pension plan of $240 is included in accrued and other current liabilities in the Condensed Consolidated Balance Sheet and the long-term liability of $3,134 is included in other noncurrent liabilities in the Condensed Consolidated Balance Sheet.