Pension and Post-Retirement Benefit Plans (Tables)

3 Months Ended

Mar. 31, 2018

Compensation And Retirement Disclosure [Abstract]

Summary of Retrospective Presentation of Periodic Pension Cost in Condensed Consolidated Statement of Operations

In accordance with the adoption of ASU 2017-07 the Company has retrospectively revised the presentation of the non-service components of periodic pension cost to “Interest and other expense, net” in the condensed consolidated statement of operations, while service cost remains in “Warehouse, marketing and administrative expense.” A summary of the effect for periods presented was as follows (in thousands):

	Three months ended March 31, 2017
Condensed consolidated statement of loss	As reported			As revised			Effect of change
Warehousing, marketing and administrative expenses	$	173,022		$	172,298		$	(724	)
Operating loss		(186,182	)		(185,458	)		724
Interest and other expense, net		6,739			7,463			724
Loss before income taxes		(192,921	)		(192,921	)		-

Schedule of Components of Net Periodic Pension Cost

A summary of net periodic pension cost related to the Company’s pension plans for the three months ended March 31, 2018 and 2017 was as follows (in thousands):

	For the Three Months Ended March 31,
	2018			2017
Service cost - benefit earned during the period	$	444		$	321
Interest cost on projected benefit obligation		1,769			1,862
Expected return on plan assets		(2,266	)		(2,272	)
Amortization of prior service cost		101			72
Amortization of actuarial loss		1,304			1,062
Total non-service cost	$	908		$	724
Net periodic pension cost	$	1,352		$	1,045