Pension and Profit Sharing Plans (Tables)

12 Months Ended

Mar. 31, 2015

Compensation And Retirement Disclosure [Abstract]

Schedule of Reconciliation of Obligations and Fair Values of Plan Assets

The following table provides a reconciliation of the obligations and fair values of plan assets for all of our defined benefit plans over the two year period ended March 31, 2015 and a statement of the funded status as of March 31, 2015 and 2014:

		For the Years Ended March 31,
		2015			2014
		(dollars in thousands)
Reconciliation of Benefit Obligations -
Benefit Obligation at April 1,	$		29,892		$	29,586
Service Cost - Benefits Earned During the Period			874			1,129
Interest Cost on Projected Benefit Obligation			1,278			1,222
Amendments			805			-
Actuarial (Gain) Loss			9,823			(1,237	)
Benefits Paid			(881	)		(808	)
Benefit Obligation at March 31,		$	41,791		$	29,892
Reconciliation of Fair Value of Plan Assets -
Fair Value of Plan Assets at April 1,		$	21,189		$	18,693
Actual Return on Plan Assets			937			1,735
Employer Contributions			810			1,569
Benefits Paid			(881	)		(808	)
Fair Value of Plans at March 31,			22,055			21,189
Funded Status -
Unfunded Status at March 31,		$	(19,736	)	$	(8,703	)
Amounts Recognized in the Balance Sheet Consist of -
Accrued Benefit Liability		$	(19,736	)	$	(8,703	)
Accumulated Other Comprehensive Losses:
Net Actuarial Loss			18,376			8,419
Prior Service Cost			809			15
Accumulated Other Comprehensive Losses		$	19,185		$	8,434
Tax impact			(7,118	)		(2,952	)
Accumulated Other Comprehensive Losses, net of tax		$	12,067		$	5,482

Schedule of Accumulated Benefit Obligation in Excess of Plan Assets

Information for pension plans with an accumulated benefit obligation in excess of plan assets:

	March 31,
	2015		2014
	(dollars in thousands)
Projected Benefit Obligation	$	41,791	$	29,892
Accumulated Benefit Obligation	$	41,790	$	29,827
Fair Value of Plan Assets	$	22,055	$	21,189

Components of Net Periodic Cost

Net periodic pension cost for the fiscal years ended March 31, 2015, 2014 and 2013, included the following components:

	For the Years Ended March 31,
	2015			2014			2013
	(dollars in thousands)
Service Cost - Benefits Earned During the Period	$	874		$	1,129		$	785
Interest Cost of Projected Benefit Obligation		1,278			1,222			1,222
Expected Return on Plan Assets		(1,680	)		(1,506	)		(1,371	)
Recognized Net Actuarial Loss		609			921			980
Amortization of Prior-Service Cost		11			11			21
Net Periodic Pension Cost	$	1,092		$	1,777		$	1,637

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 (in thousands):

Fiscal Years	Total
2016	$	1,115
2017	$	1,167
2018	$	1,219
2019	$	1,302
2020	$	1,389
2021-2025	$	8,908

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

The following table sets forth the assumptions used in the actuarial calculations of the present value of net periodic benefit cost and benefit obligations:

	March 31,
	2015			2014			2013
Net Periodic Benefit Costs -
Discount Rate		4.41	%		4.20	%		4.56	%
Expected Return on Plan Assets		8.00	%		8.00	%		8.00	%
Rate of Compensation Increase		3.50	%		3.50	%		3.50	%

	March 31,
	2015		2014
Benefit Obligations -
Discount Rate		3.70%		4.41	%
Rate of Compensation Increase		3.50%		3.50	%

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

The pension plans’ approximate weighted-average asset allocation at March 31, 2015 and 2014 and the range of target allocation are as follows:

	Range of Target Allocation			Percentage of Plan Assets at March 31,
				2015		2014
Asset Category -
Equity Securities		40 – 60	%		61%		65%
Debt Securities		35 – 60	%		36%		30%
Other		0 – 5	%		3%		5%
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, 2015 and 2014 were as follows:

	March 31,
	2015		2014
	(dollars in thousands)
Equity Securities	$	13,510	$	13,973
Fixed Income Securities		7,985		6,526
Real Estate Funds		133		130
Commodity Linked Funds		124		170
Cash Equivalents		303		390
Total	$	22,055	$	21,189

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, 2015 were as follows:

Asset Categories	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
	(dollars in thousands)
Equity Securities	$	—	$	13,510	$	—	$	13,510
Fixed Income Securities		—		7,985		—		7,985
Real Estate Funds		—		133		—		133
Commodity Linked Funds		—		124		—		124
Cash Equivalents		303		—		—		303
	$	303	$	21,752	$	—	$	22,055

The fair values by category of inputs as of March 31, 2014 were as follows:

Asset Categories	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)			Total
	(dollars in thousands)
Equity Securities	$	—	$	13,973	$	—	$	13,973
Fixed Income Securities		—		6,526		—		6,526
Real Estate Funds		—		130		—		130
Commodity Linked Funds		—		170		—		170
Cash Equivalents		390		—		—		390
	$	390	$	20,799	$	—	$	21,189