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Background and Basis of Presentation (Tables)
 6 Months Ended
Sep. 30, 2020
Change in Accounting Principle [Member]  
Schedule of Impact of Change in Accounting Principle on Condensed Consolidated Financial Statements

The tables below represent the impact of the change in accounting principle on the condensed consolidated statement of operations and the condensed consolidated statements of comprehensive loss for the three and six months ended September 30, 2020.

 

 

Three Months Ended

 

Six Months Ended

 

 

As Reported (With Change), September 30, 2020

 

Impact of Change

 

Without Change, September 30, 2020

 

As Reported (With Change), September 30, 2020

 

Impact of Change

 

Without Change, September 30, 2020

 

Non-service defined benefit income

$

(12,427

)

$

(1,528

)

$

(13,955

)

$

(24,843

)

$

(3,056

)

$

(27,899

)

Loss before income taxes

 

(32,657

)

 

1,528

 

 

(31,129

)

 

(307,590

)

 

3,056

 

 

(304,534

)

Income tax expense

 

832

 

 

-

 

 

832

 

 

1,685

 

 

-

 

 

1,685

 

Net loss

$

(33,489

)

$

1,528

 

$

(31,961

)

$

(309,275

)

$

3,056

 

$

(306,219

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income per share - basic & diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     Basic

$

(0.64

)

$

0.03

 

$

(0.61

)

$

(5.95

)

$

0.06

 

$

(5.90

)

     Diluted

$

(0.64

)

$

0.03

 

$

(0.61

)

$

(5.95

)

$

0.06

 

$

(5.90

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Defined benefit pension plans and other postretirement benefits:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Total defined benefit pension plans and other postretirement benefits, net of taxes

$

4,265

 

$

(1,528

)

$

2,737

 

$

8,530

 

$

(3,056

)

$

5,474

 

Total other comprehensive income

$

13,778

 

$

(1,528

)

$

12,250

 

$

21,062

 

$

(3,056

)

$

18,006

 

Comprehensive loss

$

(19,711

)

$

-

 

$

(19,711

)

$

(288,213

)

$

-

 

$

(288,213

)

 

The table below represents the impact of the change in accounting principle on the condensed consolidated balance sheet as of September 30, 2020.

Stockholders' deficit:

 

 

 

As Reported (With Change), September 30, 2020

 

Impact of Change

 

Without Change, September 30, 2020

 

    Accumulated other comprehensive loss

 

 

 

$

(725,386

)

$

(30,076

)

$

(755,462

)

    Accumulated deficit

 

 

 

$

(1,112,756

)

$

30,076

 

$

(1,082,680

)

Total stockholders' deficit

 

 

 

$

(1,064,357

)

$

-

 

$

(1,064,357

)

 

The tables below represent the impact of the change in accounting principle on the condensed consolidated statement of operations and the condensed consolidated statements of comprehensive loss for the three and six months ended September 30, 2019.

 

Three Months Ended

 

Six Months Ended

 

 

As Previously Reported,

September 30, 2019

 

Impact of Change

 

As Reported,

September 30, 2019

 

As Previously Reported,

September 30, 2019

 

Impact of Change

 

As Reported,

September 30, 2019

 

Non-service defined benefit income

$

(28,416

)

$

592

 

$

(27,824

)

$

(43,291

)

$

2,065

 

$

(41,226

)

Income before income taxes

 

54,053

 

 

(592

)

 

53,461

 

 

76,948

 

 

(2,065

)

 

74,883

 

Income tax expense

 

11,352

 

 

(125

)

 

11,227

 

 

16,159

 

 

(434

)

 

15,725

 

Net income

$

42,701

 

$

(467

)

$

42,234

 

$

60,789

 

$

(1,631

)

$

59,158

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income per share - basic & diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     Basic

$

0.85

 

$

(0.01

)

$

0.84

 

$

1.22

 

$

(0.03

)

$

1.18

 

     Diluted

$

0.85

 

$

(0.01

)

$

0.84

 

$

1.21

 

$

(0.03

)

$

1.17

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Defined benefit pension plans and other postretirement benefits:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Total defined benefit pension plans and other postretirement benefits, net of taxes

$

(69,319

)

$

467

 

$

(68,852

)

$

(67,910

)

$

1,631

 

$

(66,279

)

Total other comprehensive loss

$

(76,624

)

$

467

 

$

(76,157

)

$

(78,217

)

$

1,631

 

$

(76,586

)

Comprehensive income

$

(33,923

)

$

-

 

$

(33,923

)

$

(17,428

)

$

-

 

$

(17,428

)

 

The table below represents the impact of the change in accounting principle on the condensed consolidated balance sheet as of March 31, 2020.

 

As Previously Reported,

March 31, 2020

 

Impact of Change

 

As Reported,

March 31, 2020

 

Stockholders' deficit:

 

 

 

 

 

 

 

 

 

    Accumulated other comprehensive loss

$

(719,428

)

$

(27,020

)

$

(746,448

)

    Accumulated deficit

 

(830,501

)

 

27,020

 

 

(803,481

)

Total stockholders' deficit

$

(781,264

)

$

-

 

$

(781,264

)