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Employee Benefit Plans (Table Text Block)
12 Months Ended
Mar. 31, 2017
Table Text Block [Abstract]  
Summary Of Financing Arrangements for Leveraged ESOP Debt

 

 

Outstanding as of

 

Interest Payments

Financing Date

 

March 31, 2017

 

2017

 

2016

 

2015

 

 

(In thousands)

June, 1991

$

31

$

2

$

10

$

48

July, 2009

 

775

 

36

 

33

 

31

February, 2016

 

5,245

 

 

 

 

Shares Held by the ESOP Plan

 

 

Years Ended March 31,

 

 

2017

 

2016

 

 

(In thousands)

Allocated shares

 

1,160

 

1,203

Unreleased shares - leveraged

 

21

 

22

Fair value of unreleased shares - leveraged

$

8,127

$

8,072

Unreleased shares - non-leveraged

 

9

 

8

Fair value of unreleased shares - non-leveraged

$

3,539

$

2,756

 

Components of Net Periodic Post Retirement Benefit Cost

 

 

Years Ended March 31,

 

 

2017

 

2016

 

2015

 

 

(In thousands)

Service cost for benefits earned during the period

$

1,026

$

961

$

827

Interest cost on accumulated postretirement benefit

 

814

 

752

 

720

Other components

 

88

 

35

 

14

Net periodic postretirement benefit cost

$

1,928

$

1,748

$

1,561

 

Components of Post Retirement Benefit Liabilities

 

 

Years Ended March 31,

 

 

2017

 

2016

 

 

(In thousands)

Beginning of year

$

20,791

$

18,554

Service cost for benefits earned during the period

 

1,026

 

961

Interest cost on accumulated post retirement benefit

 

814

 

752

Net benefit payments and expense

 

(443)

 

(541)

Actuarial loss

 

59

 

1,065

Accumulated postretirement benefit obligation

 

22,247

 

20,791

 

 

 

 

 

Current liabilities

 

737

 

658

Non-current liabilities

 

21,510

 

20,133

 

 

 

 

 

Total post retirement benefit liability recognized in statement of financial position

 

22,247

 

20,791

Components included in accumulated other comprehensive income (loss):

 

 

 

 

Unrecognized net loss

 

(2,817)

 

(2,847)

Cumulative net periodic benefit cost (in excess of employer contribution)

$

19,430

$

17,944

 

Discount Rate Assumptions for Accumulated Postretirement Benefit Obligations

 

 

Years Ended March 31,

 

 

2017

 

2016

 

2015

 

 

(In percentages)

Accumulated postretirement benefit obligation

 

3.94%

 

3.89%

 

3.99%

 

Future Net Benefit Payments Expected for Post Employee Benefit Obligations

 

 

Future Net Benefit Payments

 

 

(In thousands)

Year-ended:

 

 

2018

$

737

2019

 

871

2020

 

1,033

2021

 

1,208

2022

 

1,422

2023 through 2027

 

9,936

Total

$

15,207