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Retirement Plans (tables)
12 Months Ended
Mar. 31, 2016
General Discussion Of Pension And Other Postretirement Benefits [Abstract]  
Schedule of Changes in Projected Benefit Obligations [Table Text Block]
20162015
(In thousands)
Change in Benefit Obligation
Benefit obligation at beginning of year$212,908$170,478
Service cost10,5028,515
Interest cost8,9028,236
Plan amendments-952
Actuarial (gain) loss(11,340)30,556
Benefit payments and expenses(6,936)(5,829)
Benefit obligation at end of year$214,036$212,908
Change in Plan Assets
Fair value of plan assets at beginning of year$157,948$154,650
Actual gain on plan assets2,1268,777
Employer contributions23,100350
Benefit payments and expenses(6,936)(5,829)
Fair value of plan assets at end of year$176,238$157,948
Unfunded Status$(37,798)$(54,960)
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block]
20162015
(In thousands)
Amounts Recognized in Accumulated Other
Comprehensive Pre-Tax Loss
Prior service cost$(843)$(952)
Net loss(45,248)(50,883)
Accumulated other comprehensive pre-tax loss$(46,091)$(51,835)
Schedule of Amounts Recognized In Other Comprehensive Income Loss [Table Text Block]
Pension and
post retirement plan
adjustments, net
of tax
(In thousands)
Accumulated Other Comprehensive Loss
Balance at March 31, 2015$(31,804)
Other comprehensive loss before reclassifications3,408
Reclassified from accumulated other comprehensive loss-
Net current period other comprehensive loss3,408
Balance at March 31, 2016$(28,396)
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 2016, 2015, and 2014:
201620152014
(In thousands)
Service cost$10,502$8,515$7,752
Interest cost8,9028,2367,592
Expected return on plan assets(11,685)(11,360)(9,938)
Amortization of net loss3,8543502,434
Prior service cost109--
Net periodic benefit cost$11,682$5,741$7,840
Schedule of Assumptions Used [Table Text Block]
20162015
Discount rate - projected benefit obligation4.36%4.15%
Discount rate - pension expense4.15%4.85%
Expected return on plan assets7.25%7.25%
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,
201720162015
Plan Assets
Equity securities99%99%97%
Debt securities---
Real estate---
Cash113
Total100%100%100%
Schedule Of Derivative Assets At Fair Value [Table Text Block]
20162015
Market Value Market Value
(In thousands)
Assets by Industry Type
Asset Category
Cash and cash equivalents:
Money market funds$1,497$5,545
Total cash and cash equivalents1,4975,545
Common equity securities:
Materials9,3795,460
Industrials30,35533,813
Telecommunication services 9,32511,393
Consumer staples33,04823,410
Energy14,65815,062
Financials34,89132,808
Health Care 10,5387,503
Information technology9,6815,608
Utilities22,86617,346
Total common equity securities174,741152,403
Total assets$176,238$157,948
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):
2017$6,799
20187,394
20197,964
20208,577
20219,324
2022-202457,417