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PENSION AND EMPLOYEE BENEFIT PLANS
6 Months Ended
Sep. 30, 2013
Compensation And Retirement Disclosure [Abstract]  
PENSION AND EMPLOYEE BENEFIT PLANS

(J) PENSION AND EMPLOYEE BENEFIT PLANS

We sponsor several defined benefit and defined contribution pension plans which together cover substantially all our employees. Benefits paid under the defined benefit plans covering certain hourly employees are based on years of service and the employee’s qualifying compensation over the last few years of employment.

 

The following table shows the components of net periodic cost for our plans:

 

     For the Three Months
Ended  September 30,
    For the Six Months
ended  September 30,
 
     2013     2012     2013     2012  
     (dollars in
thousands)
    (dollars in
thousands)
 

Service Cost – Benefits Earned During the Period

   $ 197      $ 132      $ 393      $ 264   

Interest Cost of Benefit Obligations

     306        268        611        536   

Expected Return on Plan Assets

     (343     (342     (686     (684

Recognized Net Actuarial Loss

     247        177        492        354   

Amortization of Prior-Service Cost

     2        14        8        28   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Periodic Pension Cost

   $ 409      $ 249      $ 818      $ 498