Income Taxes (Tables)

12 Months Ended

Mar. 31, 2020

Income Tax Disclosure [Abstract]

Schedule Of Components of Income Tax Expense

Income taxes for the fiscal years ended March 31, 2020, 2019, and 2018 consisted of the following: 

	Fiscal Year Ended March 31,
	2020			2019			2018
Current
United States	$	2,001		$	(2,639	)	$	1,110
State and local	92			377			175
Foreign	41,892			39,578			60,356
	43,985			37,316			61,641
Deferred
United States	3,735			5,713			(20,052		)
State and local	(16		)	(4		)	68
Foreign	(12,416		)	(1,837		)	8,852
	(8,697		)	3,872			(11,132		)
Total	$	35,288		$	41,188		$	50,509

Foreign taxes include any applicable U.S. tax expense on the earnings of foreign subsidiaries.

Schedule Of Effective Income Tax Rate Reconciliation

A reconciliation of the U.S. federal statutory tax rate to the Company’s effective income tax rate is as follows:

	Fiscal Year Ended March 31,
	2020		2019		2018
U.S. federal statutory tax rate	21.0	%	21.0	%	31.5	%
State income taxes, net of federal benefit	0.1		0.2		0.1
Dividends received from deconsolidated operations	—		—		(1.4	)
Foreign earnings taxed at rates other than the U.S. federal statutory tax rate	(2.0	)	7.1		2.8
Foreign dividend withholding taxes	5.1		3.7		(0.2	)
Reversal of dividend withholding tax due to foreign subsidiary tax holiday	—		(5.1	)	—
Effects of new tax law:
Adjustment of deferred tax assets and liabilities to lower tax rate	—		—		4.6
Reduction of U.S. tax liability on undistributed foreign earnings to amounts payable under one-time transition tax	—		—		(8.3	)
Changes in uncertain tax positions	5.6		1.4		0.8
Other	1.3		(1.1	)	0.4
Effective income tax rate	31.1	%	27.2	%	30.3	%

Schedule Of U.S. And Foreign Components Of Income Before Income Taxes And Other Items

The U.S. and foreign components of income before income taxes were as follows:

	Fiscal Year Ended March 31,
	2020		2019		2018
United States	$	22,916	$	37,478	$	10,442
Foreign	90,375		113,844		156,235
Total	$	113,291	$	151,322	$	166,677

Schedule Of Deferred Tax Assets and Liabilities

Significant components of deferred tax liabilities and assets were as follows:  

	March 31,
	2020			2019
Liabilities
Foreign withholding taxes	$	19,870		$	20,659
Property, plant and equipment	10,078			4,627
Undistributed earnings	7,298			6,579
Operating lease right-of-use assets	9,877			—
Goodwill and other intangible assets	23,435			19,529
All other	4,813			2,461
Total deferred tax liabilities	$	75,371		$	53,855
Assets
Employee benefit plans	$	22,773		$	20,467
Reserves and accruals	7,708			7,898
Deferred income	4,833			3,829
Operating lease right-of-use liabilities	9,650			—
Currency translation losses of foreign subsidiaries	2,173			1,993
Local currency exchange losses of foreign subsidiaries	8,360			1,252
Interest rate swap	7,284			248
All other	7,464			4,739
Total deferred tax assets	70,245			40,426
Valuation allowance	(3,394		)	(1,798		)
Net deferred tax assets	$	66,851		$	38,628

Schedule Of Combined Income Tax Expense (Benefit) Allocable To Continuing Operations, Other Comprehensive Income, And Adjustments To Shareholders' Equity

The combined income tax expense (benefit) allocable to continuing operations and other comprehensive income was as follows:

	Fiscal Year Ended March 31,
	2020			2019			2018
Continuing operations	$	35,288		$	41,188		$	50,509
Other comprehensive income (loss)	(14,392		)	(5,390		)	23,471
Total	$	20,896		$	35,798		$	73,980

Reconciliation Of The Gross Liability For Uncertain Tax Positions

A reconciliation of the beginning and ending balance of the gross liability for uncertain tax positions is as follows:

	Fiscal Year Ended March 31,
	2020			2019			2018
Liability for uncertain tax positions, beginning of year	$	5,625		$	3,673		$	2,426
Additions:
Related to tax positions for the current year	1,746			85			107
Related to tax positions for prior years	4,369			2,169			1,310
Reductions:
Due to lapses of statutes of limitations	(81		)	(90		)	(104		)
Due to tax settlements	(8,948		)	—			—
Effect of currency rate changes	(334		)	(212		)	(66		)
Liability for uncertain tax positions, end of year	$	2,377		$	5,625		$	3,673