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Pension Plans (Tables)

12 Months Ended

Mar. 31, 2016

	Year ended March 31, 2016
Pension benefit obligation, beginning of year	$	—
Service cost		479
Contributions paid by plan participants		2,354
Interest cost		25
Benefits paid		(267	)
Plan amendment		(159	)
Actuarial loss		6,526
Pension benefit obligation, end of year	$	8,957

	Year ended March 31, 2016
Fair value of plan assets, beginning of year	$	—
Adjustment to disclosed value		1,824
Actual return on plan assets		56
Contributions paid by employer		487
Contributions paid by plan participants		2,354
Benefits paid		(267	)
Fair value of plan assets, end of year	$	4,455

	Year ended March 31, 2016
Pension benefit obligation, end of year	$	8,957
Fair value of plan assets, end of year		4,455
Net funding obligation, end of year	$	4,502

The assumptions used to determine the pension obligation are:

	Year ended March 31, 2016
Price inflation		1.00	%
Discount rate		0.45	%
Expected return on plan assets		1.40	%
Average rate of salary increase		1.00	%

The net pension costs for the year comprises:

	Year ended March 31, 2016
Employer service cost	$	479
Interest cost		25
Expected return on plan assets		(25	)
Net pension cost for the year	$	479

The provision for pension benefit obligation recognized in other comprehensive income comprises:

	Year ended March 31, 2016
Net actuarial loss	$	6,526
Adjustment to disclosed value of plan assets		(1,824	)
Plan amendment		(159	)
Increase in assets in excess of expected amount		(41	)
	$	4,502

The following benefit payments are expected to be paid in the following periods: