PENSION AND PROFIT SHARING PLANS (Tables)

12 Months Ended

Mar. 31, 2024

Retirement Benefits [Abstract]

Schedule of Reconciliation of Benefit Obligations and Fair Values of Plan Assets

The following table provides a reconciliation of the Benefit Obligations and Fair Values of Plan Assets for all defined benefit plans for the years ended March 31, 2024 and 2023, as well as a statement of the funded status for the same periods:

	For the Years Ended March 31,
	2024			2023
	(dollars in thousands)
Reconciliation of Benefit Obligations
Benefit Obligation at April 1,	$	29,189		$	33,909
Interest Cost on Projected Benefit Obligation		1,413			1,240
Actuarial Gain		(829	)		(4,509	)
Benefits Paid		(1,643	)		(1,451	)
Benefit Obligation at March 31,	$	28,130		$	29,189
Reconciliation of Fair Value of Plan Assets
Fair Value of Plan Assets at April 1,	$	31,106		$	36,313
Actual Return on Plan Assets		641			(3,756	)
Employer Contributions		20			—
Benefits Paid		(1,643	)		(1,451	)
Fair Value of Plan Assets at March 31,		30,124			31,106
Funded Status
Funded Status at March 31,	$	1,994		$	1,917
Amounts Recognized in the Balance Sheet Include:
Other Assets	$	1,994		$	1,917
Accumulated Other Comprehensive Losses
Net Actuarial Loss		4,454			4,662
Accumulated Other Comprehensive Losses	$	4,454		$	4,662
Tax Impact		(1,081	)		(1,115	)
Accumulated Other Comprehensive Losses, net of tax	$	3,373		$	3,547

Components of Net Periodic Cost

Net periodic pension cost for the fiscal years ended March 31, 2024, 2023, and 2022, included the following components:

	For the Years Ended March 31,
	2024			2023			2022
	(dollars in thousands)
Interest Cost of Projected Benefit Obligation		1,413			1,240			1,167
Expected Return on Plan Assets		(1,512	)		(1,366	)		(1,299	)
Recognized Net Actuarial Loss		250			123			143
Net Periodic Pension Cost	$	151		$	(3	)	$	11

Schedule of Expected Benefit Payments

Expected benefit payments over the next five years, and the following five years under the pension plans are expected to be as follows (dollars in thousands):

Fiscal Years	Total
2025	$	1,843
2026	$	1,874
2027	$	1,951
2028	$	1,988
2029	$	1,962
2030-2034	$	9,853

Schedule of Assumptions Used in Net Periodic Benefit Cost and Benefit Obligations

The following tables set forth the assumptions used in the actuarial calculations of the present value of Net Periodic Benefit Costs and Benefit Obligations:

	March 31,
	2024			2023			2022
Net Periodic Benefit Costs
Discount Rate		4.99	%		3.75	%		3.33	%
Expected Return on Plan Assets		5.00	%		3.85	%		3.50	%
Rate of Compensation Increase	n/a			n/a			n/a

	March 31,
		2024			2023
Benefit Obligations
Discount Rate		5.27	%		4.99	%
Rate of Compensation Increase	n/a			n/a

Schedule of Pension Plans Weighted-Average Asset Allocation and Range of Target Allocation

The pension plans’ approximate weighted-average asset allocation at March 31, 2024 and 2023, and the range of target allocation are as follows:

		Percentage of Plan Assets at March 31,
	Range of Target Allocation	2024			2023
Asset Category
Equity Securities	10 – 20%		—			9	%
Debt Securities	60 – 90%		98	%		89	%
Other	0 – 20%		2	%		2	%
Total			100	%		100	%

Schedule of Fair Values of Defined Benefit Plans

The fair values of our defined benefit plans’ consolidated assets by category as of March 31, 2024 and 2023 were as follows:

	March 31,
	2024		2023
	(dollars in thousands)
Equity Securities	$	—	$	2,878
Fixed Income Securities		29,541		27,811
Cash Equivalents		583		417
Total	$	30,124	$	31,106

Schedule of Fair Values of Defined Benefit Plans Determined Using Fair Value Hierarchy of Inputs

The fair values by category of inputs as of March 31, 2024, were as follows:

	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Asset Categories	(dollars in thousands)
Equity Securities	$	—	$	—	$	—	$	—
Fixed Income Securities		—		29,541		—		29,541
Cash Equivalents		583		—		—		583
	$	583	$	29,541	$	—	$	30,124

The fair values by category of inputs as of March 31, 2023, were as follows:

	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Asset Categories	(dollars in thousands)
Equity Securities	$	—	$	2,878	$	—	$	2,878
Fixed Income Securities		—		27,811		—		27,811
Cash Equivalents		417		—		—		417
	$	417	$	30,689	$	—	$	31,106