| 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 |
) |
|