PENSION AND PROFIT SHARING PLANS (Tables)

12 Months Ended

Mar. 31, 2018

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 defined benefit plans over the two-year period ended March 31, 2018, and a statement of the funded status as of March 31, 2018 and 2017:

	For the Years Ended March 31,
	2018			2017
	(dollars in thousands)
Reconciliation of Benefit Obligations -
Benefit Obligation at April 1,	$	40,589		$	42,281
Service Cost - Benefits Earned During the Period		710			1,001
Interest Cost on Projected Benefit Obligation		1,466			1,584
Amendments		—			199
Actuarial (Gain) Loss		(4,505	)		(3,531	)
Settlement		(3,857	)		—
Benefits Paid		(1,033	)		(945	)
Benefit Obligation at March 31,	$	33,370		$	40,589
Reconciliation of Fair Value of Plan Assets -
Fair Value of Plan Assets at April 1,	$	26,410		$	21,424
Actual Return on Plan Assets		2,805			2,522
Employer Contributions		9,087			3,409
Settlement		(3,857	)		—
Benefits Paid		(1,033	)		(945	)
Fair Value of Plans at March 31,		33,412			26,410
Funded Status -
Funded (Unfunded) Status at March 31,	$	42		$	(14,179	)
Amounts Recognized in the Balance Sheet Consist of -
Prepaid and Other Assets	$	538		$	—
Accrued Benefit Liability		(496	)		(14,179	)
Accumulated Other Comprehensive Losses:
Net Actuarial Loss		5,198			11,587
Prior Service Cost		80			349
Accumulated Other Comprehensive Losses	$	5,278		$	11,936
Reclassification to Retained Earnings		978			—
Tax impact		(2,244	)		(4,540	)
Accumulated Other Comprehensive Losses, net of tax	$	4,012		$	7,396

Summary of Projected Benefit Obligation, Accumulated Benefit Obligation and Fair Value of Plan Assets

The table below summarizes the Company’s Projected Benefit Obligation, Accumulated Benefit Obligation and Fair Value of Plan Assets at March 31, 2018 and 2017:

	March 31,
	2018		2017
	(dollars in thousands)
Projected Benefit Obligation	$	33,370	$	40,589
Accumulated Benefit Obligation	$	33,367	$	40,391
Fair Value of Plan Assets	$	33,412	$	26,410

Components of Net Periodic Cost

Net periodic pension cost for the fiscal years ended March 31, 2018, 2017, and 2016, included the following components:

	For the Years Ended March 31,
	2018			2017			2016
	(dollar in thousands)
Service Cost - Benefits Earned During the Period	$	710		$	1,001		$	1,039
Interest Cost of Projected Benefit Obligation		1,466			1,584			1,525
Expected Return on Plan Assets		(2,137	)		(1,606	)		(1,751	)
Recognized Net Actuarial Loss		566			1,712			1,773
Amortization of Prior-Service Cost		269			359			300
Settlement		649			—			—
Net Periodic Pension Cost	$	1,523		$	3,050		$	2,886

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
2019	$	1,350
2020	$	1,416
2021	$	1,520
2022	$	1,604
2023	$	1,657
2024-2028	$	9,412

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,
	2018			2017			2016
Net Periodic Benefit Costs -
Discount Rate		4.03	%		3.83	%		3.70	%
Expected Return on Plan Assets		7.50	%		7.50	%		8.00	%
Rate of Compensation Increase		3.50	%		3.50	%		3.50	%

	March 31,
	2018			2017
Benefit Obligations -
Discount Rate		4.12	%		4.03	%
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, 2018 and 2017 and the range of target allocation are as follows:

		Percentage of Plan Assets at March 31,
	Range of Target Allocation	2018			2017
Asset Category -
Equity Securities	40 – 60%		50	%		70	%
Debt Securities	35 – 60%		47	%		27	%
Other	0 – 5%		3	%		3	%
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, 2018 and 2017 were as follows:

	March 31,
	2018		2017
	(dollars in thousands)
Equity Securities	$	16,533	$	18,375
Fixed Income Securities		15,799		7,166
Real Estate Funds		163		147
Commodity Linked Funds		213		464
Cash Equivalents		704		258
Total	$	33,412	$	26,410

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, 2018 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	$	—	$	16,533	$	—	$	16,533
Fixed Income Securities		—		15,799		—		15,799
Real Estate Funds		—		163		—		163
Commodity Linked Funds		—		213		—		213
Cash Equivalents		704		—		—		704
	$	704	$	32,708	$	—	$	33,412

The fair values by category of inputs as of March 31, 2017 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	$	—	$	18,375	$	—	$	18,375
Fixed Income Securities		—		7,166		—		7,166
Real Estate Funds		—		147		—		147
Commodity Linked Funds		—		464		—		464
Cash Equivalents		258		—		—		258
	$	258	$	26,152	$	—	$	26,410