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Employee Benefit Plans (Table Text Block)
12 Months Ended
Mar. 31, 2019
Table Text Block [Abstract]  
Summary Of Financing Arrangements for Leveraged ESOP Debt

 

 

Outstanding as of

 

Interest Payments

Financing Date

 

March 31, 2019

 

2019

 

2018

 

2017

 

 

(In thousands)

June, 1991

$

$

1

$

1

$

2

July, 2009

 

233

 

17

 

26

 

36

February, 2016

 

4,966

 

190

 

242

 

 

Shares Held by the ESOP Plan

 

 

Years Ended March 31,

 

 

2019

 

2018

 

 

(In thousands)

Allocated shares

 

1,069

 

1,112

Unreleased shares - leveraged

 

16

 

19

Fair value of unreleased shares - leveraged

$

6,019

$

6,448

Unreleased shares - non-leveraged

 

 

13

Fair value of unreleased shares - non-leveraged

$

$

4,557

 

Components of Net Periodic Post Retirement Benefit Cost

 

 

Years Ended March 31,

 

 

2019

 

2018

 

2017

 

 

(In thousands)

Service cost for benefits earned during the period

$

1,108

$

1,073

$

1,026

Other components of net periodic benefit costs:

 

 

 

 

 

 

Interest cost on accumulated postretirement benefit

 

943

 

869

 

814

Other components

 

70

 

58

 

88

Total other components of net periodic benefit costs

 

1,013

 

927

 

902

Net periodic postretirement benefit cost

$

2,121

$

2,000

$

1,928

 

Components of Post Retirement Benefit Liabilities

 

 

Years Ended March 31,

 

 

2019

 

2018

 

 

(In thousands)

Beginning of year

$

23,316

$

22,247

Service cost for benefits earned during the period

 

1,108

 

1,073

Interest cost on accumulated post retirement benefit

 

943

 

869

Net benefit payments and expense

 

(979)

 

(644)

Actuarial (gain) loss

 

1,429

 

(229)

Accumulated postretirement benefit obligation

 

25,817

 

23,316

 

 

 

 

 

Current liabilities

 

1,037

 

802

Non-current liabilities

 

24,780

 

22,514

 

 

 

 

 

Total post retirement benefit liability recognized in statement of financial position

 

25,817

 

23,316

Components included in accumulated other comprehensive income (loss):

 

 

 

 

Unrecognized net loss

 

(3,890)

 

(2,530)

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

$

21,927

$

20,786

 

Discount Rate Assumptions for Accumulated Postretirement Benefit Obligations

 

 

Years Ended March 31,

 

 

2019

 

2018

 

2017

 

 

(In percentages)

Accumulated postretirement benefit obligation

 

3.83%

 

3.98%

 

3.94%

 

Future Net Benefit Payments Expected for Post Employee Benefit Obligations

 

 

Future Net Benefit Payments

 

 

(In thousands)

Year-ended:

 

 

2020

$

1,037

2021

 

1,227

2022

 

1,445

2023

 

1,665

2024

 

1,906

2025 through 2028

 

11,863

Total

$

19,143