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Note 10 - Retirement Plans (Tables)
12 Months Ended
Mar. 31, 2022
Notes Tables  
Schedule of Changes in Projected Benefit Obligations [Table Text Block]
  Fiscal Year:    
  

2022

  

2021

 

Change in benefit obligation

        

Benefit obligation at beginning of year

 $286,063  $278,227 

Service cost

  8,483   9,326 

Interest cost

  7,721   9,266 

Actuarial (gain) loss

  (972)  17,712 

Benefit payments and expenses

  (26,294)  (28,468)

Benefit obligation at end of year

 $275,001  $286,063 
         

Change in plan assets

        

Fair value of plan assets at beginning of year

 $348,914  $202,485 

Actual return on plan assets

  6,666   103,166 

Employer contributions

  -   73,000 

Benefit payments and expenses

  (27,713)  (29,737)

Fair value of plan assets at end of year

 $327,867  $348,914 
         

Funded status

 $52,866  $62,851 
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block]
  Fiscal Year:    
  

2022

  

2021

 

Amounts Recognized in Accumulated Other Comprehensive Pre-Tax Loss

        
         

Prior service cost

 $(167) $(258)

Net loss

  (36,136)  (26,265)

Accumulated other comprehensive pre-tax loss

 $(36,303) $(26,523)
Schedule of Defined Benefit Plans Disclosures [Table Text Block]
  Fiscal Year:    
  

2022

  

2021

 

Service cost including administration

 $9,508  $10,627 

Interest cost

  7,721   9,266 

Expected return on plan assets

  (17,114)  (15,804)

Amortization of net loss

  -   9,919 

Prior service cost

  91   91 

Net periodic benefit cost

 $206  $14,099 
Defined Benefit Plan, Assumptions [Table Text Block]
  Fiscal Year: 
  

2022

  

2021

 

Weighted Average Assumptions for Balance Sheet Liability at End of Year:

        
         

Discount rate - projected benefit obligation

  3.81%  3.43%

Rate of compensation increase

  3.00%  3.00%

Mortality table

 

Pri-2012 Blue Collar
Generational Table
Improvement Scale
MP-2021

  

Pri-2012 Blue Collar
Generational Table
Improvement Scale
MP-2020

 
         

Weighted Average Assumptions for Benefit Cost at Beginning of Year:

        
         

Discount rate - benefit obligations

  3.43%  3.69%

Discount rate - interest cost

  2.68%  3.30%

Discount rate - service cost

  3.75%  3.87%

Expected return on plan assets

  5.00%  7.25%

Rate of compensation increase

  3.00%  3.00%
Schedule of Allocation of Plan Assets [Table Text Block]
  

Target

  

Percentage of Plan

 
  

Allocation

  

Assets at March 31,

 
  

2023

  

2022

  

2021

 

Equity securities

  19%  21%  48%

Debt securities

  72%  61%  50%

Real estate

  6%  7%  - 

Cash

  -   7%  2%

Other

  3%  4%  - 

Total

  100%  100%  100%
Defined Benefit Plan, Plan Assets, Category [Table Text Block]
  

Level 1

  

Level 2

  

Level 3

 

`

 

Subtotal

  

Measured
at NAV (1)

  

Total

 

Equity securities

 $29,427  $-  $-   $29,427  $-  $29,427 

Held in common/collective trusts

                         

Equity securities

  -   -   -    -   40,969   40,969 

Real estate

  -   -   -    -   23,200   23,200 

Debt securities

  -   -   -    -   200,224   200,225 

Cash/short-term investments (2)

  -   -   -    -   22,224   22,224 

Other investments

  -   -   -    -   11,822   11,822 

Fair value of plan assets

 $29,427  $-  $-   $29,427  $298,439  $327,867 
Schedule of Expected Contributions [Table Text Block]
Expected Employer Contributions $- 
Expected Employee Contributions $- 
Schedule of Expected Benefit Payments [Table Text Block]
2023   $10,101 

2024

    10,773 

2025

    11,550 

2026

    12,349 

2027

    13,116 
2028-2032  75,037