Net Periodic Benefit Cost

3 Months Ended

Jun. 30, 2023

Retirement Benefits [Abstract]

Compensation and Employee Benefit Plans

10.    Net Periodic Benefit Cost

The following table sets forth the components of net periodic pension cost for the Company’s defined benefit pension plans (in thousands):

	Three Months Ended
	June 30, 2023		June 30, 2022
Service costs	$	128	$	180
Interest cost	3,472		2,870
Expected return on plan assets	(2,946)		(2,713)
Net amortization	101		208
Settlement	$	41	$	—
Net periodic pension (benefit) cost	$	796	$	545

Components of the net benefit costs other than the service cost component are recorded in Other (income) expense, net on the Condensed Consolidated Statements of Operations. Service costs are recorded as part of Income from operations. The Company currently plans to contribute approximately $6,864,000 to its pension plans in fiscal 2024.

For additional information on the Company’s defined benefit pension and postretirement benefit plans, refer to the consolidated

financial statements included in the 2023 10-K.