Quarterly report pursuant to Section 13 or 15(d)

SHARE-BASED COMPENSATION AND OTHER EMPLOYEE BENEFIT PLANS (Tables)

v3.20.2
SHARE-BASED COMPENSATION AND OTHER EMPLOYEE BENEFIT PLANS (Tables)
 6 Months Ended
Sep. 30, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of share-based payment award, stock options, valuation assumptions The following table shows the assumptions used to compute the stock-based compensation expense for stock options granted on June 17, 2020 (Successor):
 
Common Stock Options
Risk free interest rate
0.5
%
Expected life (years)
6.5

Volatility
80.0
%
Weighted average exercise price of options granted
15.76

Weighted average grant-date fair value of options granted
10.99


Schedule of components of net periodic pension cost
The components of net periodic pension cost (benefit) other than the service cost component are included in other income (expense), net on the Company’s condensed consolidated statement of operations. The following table provides a detail of the components of net periodic pension cost (benefit) (in thousands):
 
Three Months Ended September 30,
 
 
Six Months Ended September 30,
 
Successor
 
 
Predecessor
 
 
Successor
 
 
Predecessor
 
2020
 
 
2019
 
 
2020
 
 
2019
Service cost for benefits earned during the period
$
304

 
 
$
152

 
 
$
595

 
 
$
311

Interest cost on pension benefit obligation
2,334

 
 
2,799

 
 
4,576

 
 
5,718

Expected return on assets
(3,233
)
 
 
(3,841
)
 
 
(6,340
)
 
 
(7,846
)
Prior service costs
—

 
 
34

 
 
—

 
 
69

Amortization of unrecognized losses
—

 
 
1,976

 
 
—

 
 
4,037

Net periodic pension cost
$
(595
)
 
 
$
1,120

 
 
$
(1,169
)
 
 
$
2,289