Pensions and Other Benefit Plans (Tables)

12 Months Ended

Mar. 31, 2025

Retirement Benefits [Abstract]

Schedule of Net Benefit Costs

The following provides a reconciliation of benefit obligation, plan assets, and funded status of the plans:

	March 31,
	2025		2024
Change in benefit obligation:
Benefit obligation at beginning of year	$	268,025	$	300,210
Service cost	477		512
Interest cost	9,783		13,548
Actuarial (gain) loss	(5,937)		(2,754)
Benefits paid	(18,733)		(22,650)
Settlement	(95,080)		(20,510)
Foreign exchange rate changes	94		(331)
Benefit obligation at end of year	$	158,629	$	268,025
Change in plan assets:
Fair value of plan assets at beginning of year	$	199,592	$	231,667
Actual gain (loss) on plan assets	10,327		4,328
Employer contribution	5,136		6,761
Benefits paid	(18,733)		(22,650)
Settlement	(95,080)		(20,510)
Assets transferred out related to plan termination (see below)	(6,974)		—
Foreign exchange rate changes	(28)		(4)
Fair value of plan assets at end of year	$	94,240	$	199,592
Funded status	$	(64,389)	$	(68,433)
Unrecognized actuarial loss	(16,867)		16,229
Net amount recognized	$	(81,256)	$	(52,204)

Amounts recognized in the consolidated balance sheets are as follows:        

	March 31,
	2025		2024
Other assets	$	1,995	$	5,905
Accrued liabilities	(3,709)		(3,786)
Other non-current liabilities	(62,675)		(70,552)
Accumulated other comprehensive loss, before tax	(16,867)		16,229
Net amount recognized	$	(81,256)	$	(52,204)

Net periodic pension cost included the following components:

	Year Ended March 31,
	2025		2024		2023
Service costs—benefits earned during the period	477		$	512	$	707
Interest cost on projected benefit obligation	9,783		13,548		11,312
Expected return on plan assets	(7,348)		(11,459)		(10,844)
Net amortization	484		360		851
Settlement	23,634		4,984		(62)
Net periodic pension cost (benefit)	$	27,030	$	7,945	$	1,964

Information for pension plans with a projected benefit obligation in excess of plan assets is as follows:

	March 31,
	2025		2024
Projected benefit obligation	$	66,384	$	171,273
Fair value of plan assets	—		96,935

Information for pension plans with an accumulated benefit obligation in excess of plan assets is as follows:

	March 31,
	2025		2024
Accumulated benefit obligation	$	64,219	$	168,488
Fair value of plan assets	—		96,935

The weighted-average assumptions in the following table represent the rates used to develop the actuarial present value of the projected benefit obligation for the year listed and also net periodic pension cost for the following year:

	2025		2024		2023
Discount rate	4.75	%	4.82	%	4.82	%
Expected long-term rate of return on plan assets	5.05	%	5.27	%	4.13	%
Rate of compensation increase on active plans	3.00	%	3.00	%	3.00	%
Interest crediting rates used in cash balance pension plans	4.38	%	4.95	%	4.05	%

The Company’s retirement plan target and actual asset allocations are as follows:

	Target	Actual
	2026		2025	2024
Equity securities	—%		11%	8%
Fixed income securities	100%		89%	92%
Total plan assets	100%		100%	100%

Information about the expected benefit payments for the Company’s defined benefit plans is as follows:

2026	$	13,685
2027	13,612
2028	13,335
2029	13,026
2030	12,592
2031-2035	57,263

The fair values of the Company’s defined benefit plans’ consolidated assets by asset category as of March 31 were as follows:

	March 31,
	2025		2024
Asset categories:
Equity securities	$	10,735	$	15,266
Fixed income securities	83,216		81,890
Common collective trusts	—		98,117
Cash equivalents	289		4,319
Total	$	94,240	$	199,592

Schedule of Changes in Fair Value of Plan Assets

The fair values by category of inputs as of March 31, 2025 and March 31, 2024 were as follows:

	Measured at NAV (1)		Quoted Prices in Active Markets for Identical Assets		Significant other observable Inputs		Significant unobservable Inputs
As of March 31, 2025:			(Level 1)		(Level 2)		(Level 3)		Total
Asset categories:
Equity securities	$	—	$	10,735	$	—	$	—	$	10,735
Fixed income securities	—		83,216		—		—		83,216
Cash equivalents	—		289		—		—		289
Total	$	—	$	94,240	$	—	$	—	$	94,240

(1) Reflects the net asset value (NAV) practical expedient used to approximate fair value.

	Measured at NAV (1)		Quoted Prices in Active Markets for Identical Assets		Significant other observable Inputs		Significant unobservable Inputs
As of March 31, 2024:			(Level 1)		(Level 2)		(Level 3)		Total
Asset categories:
Equity securities	$	—	$	15,266	$	—	$	—	$	15,266
Fixed income securities	—		81,890		—		—		81,890
Common collective trusts	98,117		—		—		—		98,117
Cash equivalents	—		4,319		—		—		4,319
Total	$	98,117	$	101,475	$	—	$	—	$	199,592

(1) Reflects the net asset value (NAV) practical expedient used to approximate fair value.