DEFINED BENEFIT PLANS (Tables)

2 Months Ended

Dec. 31, 2018

Retirement Benefits [Abstract]

Schedule of Accumulated and Projected Benefit Obligations

The following table sets forth the components of the net periodic benefit cost, before tax, and funding contributions, for the periods indicated (in thousands):

	October 29, 2018 - December 31, 2018								Three Months Ended January 28, 2018
	Defined Benefit Plans			OPEB Plans		Total			Defined Benefit Plans			OPEB Plans		Total
Service cost	$	—		$	5	$	5		$	22		$	7	$	29
Interest cost	469			41		510			494			62		556
Expected return on assets	(580		)	—		(580		)	(729		)	—		(729		)
Amortization of prior service credit	(2		)	—		(2		)	15			—		15
Amortization of net actuarial loss	356			—		356			248			—		248
Net periodic benefit cost	$	243		$	46	$	289		$	50		$	69	$	119

Schedule of Net Funded Status

The following table sets forth the funded status of the combined Ply Gem plans and the amounts recognized in the consolidated balance sheet (in thousands):

	December 31, 2018
Fair value of assets	$	30,804
Benefit obligation	43,711
Funded status	$	(12,907	)

Schedule of Assumptions Used

The weighted average rate assumptions used in determining pension costs and the projected benefit obligation for the period indicated are as follows:

	December 31, 2018
Discount rate for projected benefit obligation	4.25	%
Discount rate for pension costs	3.50	%
Expected long-term average return on plan assets	7.00	%

Schedule of Allocation of Plan Assets

The combined Ply Gem plans weighted-average asset allocations at December 31, 2018 by asset category are as follows:

Asset Category	Target Allocation		Actual Allocation		Weighted Average Expected Long-Term Rate of Return
U.S. large cap funds	25	%	21	%	3	%
U.S. mid cap funds	5	%	7	%	1	%
U.S. small cap funds	3	%	3	%	1	%
International equity	15	%	15	%	1	%
Fixed income	45	%	48	%	1	%
Other investments	7	%	6	%	—	%
Total	100	%	100	%	7	%

Schedule of Expected Benefit Payments

We expect the following benefit payments to be made, which reflect expected future service, as appropriate (in thousands):

Fiscal Year	Expected Benefit Payments
2019	$	2,475
2020	2,538
2021	2,582
2022	2,650
2023	2,720
2024-2028	14,105