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Retirement Plans (Tables)
 12 Months Ended
Mar. 31, 2013
Components Of Net Periodic Pension Cost

Net periodic pension cost for fiscal 2013, 2012 and 2011, includes the following components:

 

     United States Plans     International Plans  
     Fiscal year ended March 31,     Fiscal year ended March 31,  
         2013             2012             2011         2013     2012     2011  

Service cost

    $ 349      $ 285      $ 250      $ 679      $ 645      $ 603   

Interest cost

      649        668        646        2,377        2,504        2,503   

Expected return on plan assets

      (756 )      (706 )      (624 )      (1,851 )      (1,787 )      (1,615 ) 

Amortization and deferral

      393        238        248        209        32        53   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net periodic benefit cost

    $ 635      $ 485      $ 520      $ 1,414      $ 1,394      $ 1,544   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
Summary Of Change In Projected Benefit Obligation

The following table sets forth a reconciliation of the related benefit obligation, plan assets, and accrued benefit costs related to the pension benefits provided by the Company for those employees covered by defined benefit plans:

 

     United States Plans     International Plans  
     March 31,     March 31,  
      2013     2012     2013     2012  

Change in projected benefit obligation

         

Benefit obligation at the beginning of the period

    $ 14,040      $ 11,903      $ 53,895      $ 48,881   

Service cost

      349        285        679        645   

Interest cost

      649        668        2,377        2,504   

Benefits paid, inclusive of plan expenses

      (664 )      (615 )      (1,667 )      (1,709 ) 

Plan settlements

      —         —         —          (40 ) 

Experience loss

      1,537        1,799        7,099        5,442   

Foreign currency translation adjustment

      —         —         (2,507 )      (1,828 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Benefit obligation at the end of the period

    $ 15,911      $ 14,040      $ 59,876      $ 53,895   
  

 

 

    

 

 

    

 

 

    

 

 

  
Summary Of Change In Plan Assets
     United States Plans     International Plans  
     March 31,     March 31,  
      2013     2012     2013     2012  

Change in plan assets

         

Fair value of plan assets at the beginning of the period

    $ 9,192      $ 8,746      $ 26,942      $ 25,779   

Actual return on plan assets

      843        420        4,024        1,555   

Employer contributions

      963        641        1,639        1,505   

Benefits paid, inclusive of plan expenses

      (664 )      (615 )      (1,667 )      (1,709 ) 

Plan settlements

      —         —         —          (40 ) 

Foreign currency translation adjustment

      —         —         (1,470 )      (148 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Fair value of plan assets at the end of the period

    $ 10,334      $ 9,192      $ 29,468      $ 26,942   
  

 

 

    

 

 

    

 

 

    

 

 

  

Funded status deficit

    $ (5,577 )    $ (4,848 )    $ (30,408 )    $ (26,953 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  
Summary Of Amounts Recognized In The Balance Sheets
     March 31,  
     2013     2012  

Amounts recognized in the consolidated balance sheets consist of:

     

Other assets

    $ —        $ 260   

Accrued expenses

      (1,431 )      (1,309 ) 

Other liabilities

      (34,554 )      (30,752 ) 
  

 

 

    

 

 

  
   $ (35,985 )    $ (31,801 ) 
  

 

 

    

 

 

  
Summary Of Amounts In AOCI Before Taxes

The following table represents pension components (before tax) and related changes (before tax) recognized in AOCI for the Company’s pension plans for the years ended March 31, 2013, 2012 and 2011:

 

     Fiscal year ended March 31,  
     2013     2012     2011  

Amounts recorded in AOCI before taxes:

       

Prior service cost

    $ (816 )    $ (922 )    $ (1,054 ) 

Net loss

      (16,645 )      (11,176 )      (3,712 ) 
  

 

 

    

 

 

    

 

 

  

Net amount recognized

    $ (17,461 )    $ (12,098 )    $ (4,766 ) 
  

 

 

    

 

 

    

 

 

  
Summary Of Changes In AOCI
     Fiscal year ended March 31,  
     2013     2012     2011  

Changes in plan assets and benefit obligations:

       

New prior service cost

    $ —       $ —       $ 905   

Net loss (gain) arising during the year

      6,376        7,757        (3,505 ) 

Effect of exchange rates on amounts included in AOCI

      (392 )      (176 )      151   

Amounts recognized as a component of net periodic benefit costs:

       

Amortization of prior service cost

      (79 )      (83 )      (62 ) 

Amortization or settlement recognition of net loss

      (523 )      (187 )      (250 ) 
  

 

 

    

 

 

    

 

 

  

Total recognized in other comprehensive income

    $ 5,382      $ 7,311      $ (2,761 ) 
  

 

 

    

 

 

    

 

 

  
Summary Of Recognized Components Of Net Periodic Pension Cost Included In Accumulated Other Comprehensive Income

The amounts included in AOCI as of March 31, 2013 that are expected to be recognized as components of net periodic pension cost during the fiscal year ended March 31, 2014 are as follows:

 

Net loss

    $ (866 ) 

Prior service cost

      (78 ) 
  

 

 

  

Net amount expected to be recognized

    $ (944 ) 
  

 

 

  
Summary Of Accumulated Benefit Obligation Related To All Defined Pension Plans

The accumulated benefit obligation related to all defined benefit pension plans and information related to unfunded and underfunded defined benefit pension plans at the end of each year are as follows:

 

     United States Plans      International Plans  
     March 31,      March 31,  
     2013      2012      2013      2012  

All defined benefit plans:

            

Accumulated benefit obligation

    $ 15,911       $ 14,040       $ 56,135       $ 50,416   

Unfunded defined benefit plans:

            

Projected benefit obligation

      —          —          28,444         26,892   

Accumulated benefit obligation

      —          —          27,032         25,508   

Defined benefit plans with a projected benefit obligation in excess of the fair value of plan assets:

            

Projected benefit obligation

    $ 15,911       $ 14,040       $ 59,876       $ 28,003   

Accumulated benefit obligation

      15,911         14,040         56,135         26,445   

Fair value of plan assets

      10,334         9,192         29,468         789   

Defined benefit plans with an accumulated benefit obligation in excess of the fair value of plan assets:

            

Projected benefit obligation

    $ 15,911       $ 14,040       $ 29,571       $ 28,003   

Accumulated benefit obligation

      15,911         14,040         27,985         26,445   

Fair value of plan assets

      10,334         9,192         777         789   
Significant Assumptions Used To Determine The Net Periodic Benefit Cost

Significant assumptions used to determine the net periodic benefit cost for the US and International plans were as follows:

 

     United States Plans     International Plans  
     Fiscal year ended March 31,     Fiscal year ended March 31,  
      2013       2012       2011      2013     2012     2011  

Discount rate

      4.8 %      5.7 %      6.0 %      2.5-5.5 %      4.0-5.5 %      4.3-6.0 % 

Expected return on plan assets

      8.0        8.0        8.0        5.5-7.0        5.5-7.0        5.5-7.0   

Rate of compensation increase

      N/A        N/A        N/A        2.0-4.0        2.0-4.0        2.0-3.5   
Significant Assumptions Used To Determine The Projected Benefit Obligations

Significant assumptions used to determine the projected benefit obligations for the US and International plans were as follows:

 

     United States Plans     International Plans  
     March 31,     March 31,  
     2013     2012     2013     2012  

Discount rate

      4.0 %      4.8 %      2.5-4.4 %      2.5-5.5 % 

Expected return on plan assets

      8.0        8.0        4.0-7.0        5.5-7.0   

Rate of compensation increase

      N/A        N/A        2.0-4.0        2.0-4.0   
Summary Of Pension Plan Investments Measured At Fair Value

The following table represents our pension plan investments measured at fair value as of March 31, 2013 and 2012 and the basis for that measurement:

 

    March 31, 2013  
    United States Plans     International Plans  
    Total Fair
Value
Measurement		     Quoted Price
In Active
Markets
for Identical
Assets
(Level 1)		     Significant
Other
Observable
Inputs
(Level 2)		     Significant
Unobservable
Inputs
(Level 3)		     Total Fair
Value
Measurement		     Quoted Price
In Active
Markets
for Identical
Assets
(Level 1)		     Significant
Other
Observable
Inputs
(Level 2)		     Significant
Unobservable
Inputs
(Level 3)		  

Asset category:

                

Cash and cash equivalents

   $ 1,454      $ 1,454      $ —        $ —       $ —       $ —       $ —       $ —    

Equity securities

                

US(a)

     5,346        5,346        —         —         2,856        2,856        —         —    

International(b)

     905        905        —         —         15,617        15,617        —         —    

Fixed income(c)

     2,629        2,629        —         —         10,995        10,995        —         —    
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total

   $ 10,334      $ 10,334      $ —       $ —       $ 29,468      $ 29,468      $ —       $ —    
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

    March 31, 2012  
    United States Plans     International Plans  
    Total Fair
Value
Measurement		     Quoted Price
In Active
Markets
for Identical
Assets
(Level 1)		     Significant
Other
Observable
Inputs
(Level 2)		     Significant
Unobservable
Inputs
(Level 3)		     Total
Fair Value
Measurement		     Quoted Price
In Active
Markets
for Identical
Assets
(Level 1)		     Significant
Other
Observable
Inputs
(Level 2)		     Significant
Unobservable
Inputs
(Level 3)		  

Asset category:

                

Cash and cash equivalents

   $ 868      $ 868      $ —       $ —       $ —       $ —       $ —       $ —    

Equity securities

                

US(a)

     5,067        5,067        —         —         2,742        2,742        —         —    

International(b)

     837        837        —         —         14,728        14,728        —         —    

Fixed income(c)

     2,420        2,420        —          —          9,472        9,472        —         —    
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total

   $ 9,192      $ 9,192      $ —       $ —       $ 26,942      $ 26,942      $ —       $ —    
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

 

 

 

 

 

 

(a) US equities include companies that are well diversified by industry sector and equity style (i.e., growth and value strategies). Active and passive management strategies are employed. Investments are primarily in large capitalization stocks and, to a lesser extent, mid- and small-cap stocks.

 

  (b) International equities are invested in companies that are traded on exchanges outside the U.S. and are well diversified by industry sector, country and equity style. Active and passive strategies are employed. The vast majority of the investments are made in companies in developed markets with a small percentage in emerging markets.

 

  (c) Fixed income consists primarily of investment grade bonds from diversified industries.
Summary Of Estimated Future Benefit Payments

Estimated future benefit payments under the Company’s pension plans are as follows:

 

     Pension
Benefits		  

2014

    $ 2,486   

2015

      2,253   

2016

      2,464   

2017

      2,888   

2018

      2,872   

Years 2019-2023

      17,519