Pension Plans	9 Months Ended
Sep. 30, 2019
Pension Plans
Pension Plans	Note 7 – Pension Plans Defined Benefit Pension Plan Our predecessor, Syms, sponsored a defined benefit pension plan for certain eligible employees not covered under a collective bargaining agreement. The pension plan was frozen effective December 31, 2006. As of September 30, 2019 and December 31, 2018, we had a recorded liability of $2.4 and $2.8 million, respectively, which is included in pension liabilities on the accompanying condensed consolidated balance sheets. This liability represents the estimated cost to us of terminating the plan in a standard termination, which would require us to make additional contributions to the plan so that the assets of the plan are sufficient to satisfy all benefit liabilities. We currently plan to maintain the Syms pension plan and make all contributions required under applicable minimum funding rules; however, we may terminate it at any time. In the event we terminate the plan, we intend that any such termination shall be a standard termination. Although we have accrued the liability associated with a standard termination, we have not taken any steps to commence such a termination and have made no commitment to do so by a certain date. In accordance with minimum funding requirements and court ordered allowed claims distributions, we paid approximately $4.9 million to the Syms sponsored plan from September 17, 2012 through September 30, 2019. Historically, we have funded this plan in the third quarter of the calendar year. We funded $400,000 and $470,000 to the Syms sponsored plan during the nine months ended September 30, 2019 and 2018, respectively. Multiemployer Pension Plans Certain employees covered by collective bargaining agreements participated in various multiemployer pension plans. Syms ceased to have an obligation to contribute to these plans in 2012, thereby triggering a complete withdrawal from the plans within the meaning of section 4203 of the Employee Retirement Income Security Act of 1974. Consequently, we are subject to the payment of a withdrawal liability to one of these pension funds. We have a liability of approximately $312,000 and $922,000 as of September 30, 2019 and December 31, 2018, respectively, related to this plan which is included in pension liabilities on the accompanying condensed consolidated balance sheets. We are required to make quarterly distributions in the amount of approximately $203,000 until this liability is completely paid to the multiemployer plan by the end of the first quarter of 2020. In accordance with minimum funding requirements and court ordered allowed claims distributions, we paid approximately $6.6 million to the various multiemployer plans from September 17, 2012 through September 30, 2019, of which approximately $610,000 was funded to the remaining multiemployer plan during each of the nine month periods ended September 30, 2019 and 2018. We currently anticipate that our final payment, of approximately $109,000, will be made on or around January 2020.

Note 7 – Pension Plans

Defined Benefit Pension Plan

Our predecessor, Syms, sponsored a defined benefit pension plan for certain eligible employees not covered under a collective bargaining agreement. The pension plan was frozen effective December 31, 2006. As of September 30, 2019 and December 31, 2018, we had a recorded liability of $2.4 and $2.8 million, respectively, which is included in pension liabilities on the accompanying condensed consolidated balance sheets. This liability represents the estimated cost to us of terminating the plan in a standard termination, which would require us to make additional contributions to the plan so that the assets of the plan are sufficient to satisfy all benefit liabilities.

We currently plan to maintain the Syms pension plan and make all contributions required under applicable minimum funding rules; however, we may terminate it at any time. In the event we terminate the plan, we intend that any such termination shall be a standard termination. Although we have accrued the liability associated with a standard termination, we have not taken any steps to commence such a termination and have made no commitment to do so by a certain date. In accordance with minimum funding requirements and court ordered allowed claims distributions, we paid approximately $4.9 million to the Syms sponsored plan from September 17, 2012 through September 30, 2019. Historically, we have funded this plan in the third quarter of the calendar year. We funded $400,000 and $470,000 to the Syms sponsored plan during the nine months ended September 30, 2019 and 2018, respectively.

Multiemployer Pension Plans

Certain employees covered by collective bargaining agreements participated in various multiemployer pension plans. Syms ceased to have an obligation to contribute to these plans in 2012, thereby triggering a complete withdrawal from the plans within the meaning of section 4203 of the Employee Retirement Income Security Act of 1974. Consequently, we are subject to the payment of a withdrawal liability to one of these pension funds. We have a liability of approximately $312,000 and $922,000 as of September 30, 2019 and December 31, 2018, respectively, related to this plan which is included in pension liabilities on the accompanying condensed consolidated balance sheets. We are required to make quarterly distributions in the amount of approximately $203,000 until this liability is completely paid to the multiemployer plan by the end of the first quarter of 2020. In accordance with minimum funding requirements and court ordered allowed claims distributions, we paid approximately $6.6 million to the various multiemployer plans from September 17, 2012 through September 30, 2019, of which approximately $610,000 was funded to the remaining multiemployer plan during each of the nine month periods ended September 30, 2019 and 2018. We currently anticipate that our final payment, of approximately $109,000, will be made on or around January 2020.