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Retirement Plans (tables)
12 Months Ended
Mar. 31, 2015
General Discussion Of Pension And Other Postretirement Benefits [Abstract]  
Schedule of Changes in Projected Benefit Obligations [Table Text Block]
20152014
(In thousands)
Change in Benefit Obligation
Benefit obligation at beginning of year$170,478$163,531
Service cost8,5157,752
Interest cost8,2367,592
Plan amendments952-
Actuarial loss (gain)30,556(3,109)
Benefit payments and expenses(5,829)(5,288)
Benefit obligation at end of year$212,908$170,478
Change in Plan Assets
Fair value of plan assets at beginning of year$154,650$135,016
Actual gain on plan assets8,77722,922
Employer contributions3502,000
Benefit payments and expenses(5,829)(5,288)
Fair value of plan assets at end of year$157,948$154,650
Unfunded Status$(54,960)$(15,828)
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block]
20152014
(In thousands)
Amounts Recognized in Accumulated Other
Comprehensive Pre-Tax Loss
Prior service cost$(952)$-
Net loss$(50,883)$(18,094)
Accumulated other comprehensive pre-tax loss$(51,835)$(18,094)
Schedule of Amounts Recognized In Other Comprehensive Income Loss [Table Text Block]
Pension and
post retirement plan
adjustments, net
of tax
(In thousands)
Accumulated Other Comprehensive Loss
Balance at March 31, 2014$(11,252)
Other comprehensive loss before reclassifications(20,552)
Reclassified from accumulated other comprehensive loss-
Net current period other comprehensive loss(20,552)
Balance at March 31, 2015$(31,804)
Schedule of Costs of Retirement Plans [Table Text Block]
The following table provides the components of net periodic benefit cost for the Plan for fiscal years 2015, 2014, and 2013:
201520142013
(In thousands)
Service cost$8,515$7,752$6,988
Interest cost8,2367,5927,265
Expected return on plan assets(11,360)(9,938)(8,603)
Amortization of net loss3502,4343,190
Net periodic benefit cost$5,741$7,840$8,840
Schedule of Assumptions Used [Table Text Block]
20152014
Discount rate - benefit obligation4.15%4.85%
Discount rate - pension expense4.85%4.70%
Expected return on plan assets7.25%7.50%
Rate of compensation increase3.00%3.00%
Schedule of Allocation of Plan Assets [Table Text Block]
The Company's plan assets consist of the following:
TargetPercentage of Plan
AllocationAssets at March 31,
201620152014
Plan Assets
Equity securities99%97%99%
Debt securities---
Real estate---
Cash131
Total100%100%100%
Schedule of Expected Benefit Payments [Table Text Block]
Estimated future benefit payments reflecting expected future
service for the fiscal years ending March 31 (in thousands):
2016$6,184
20176,630
20187,315
20197,978
20208,729
2021-202455,676