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EMPLOYEE BENEFIT PLANS (Tables)
9 Months Ended
Dec. 31, 2015
Compensation And Retirement Disclosure [Abstract]  
Schedule of Carrying Value of Trust Assets, Including Unrealized Gains or Losses

The following table summarizes the carrying value of the trust assets, including unrealized gains or losses at December 31, 2015 and March 31, 2015:

 

 

 

December 31,

 

 

March 31,

 

(In thousands)

 

2015

 

 

2015

 

Investments held in Rabbi Trust

 

$

9,072

 

 

 

9,915

 

Unrealized gains (losses) in fair value of trust assets

 

 

233

 

 

 

235

 

Obligations under the supplemental plan

 

 

27,143

 

 

 

25,510

 

 

Schedule of Net Periodic Benefit Cost

The net periodic benefit cost for the company’s U.S. defined benefit pension plan and supplemental plan (referred to collectively as “Pension Benefits”) and the postretirement health care and life insurance plan (referred to collectively as “Other Benefits”) is comprised of the following components:

 

 

 

Quarter Ended

 

 

Nine Months Ended

 

 

 

December 31,

 

 

December 31,

 

(In thousands)

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Pension Benefits:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

234

 

 

 

206

 

 

 

702

 

 

 

618

 

Interest cost

 

 

935

 

 

 

968

 

 

 

2,805

 

 

 

2,904

 

Expected return on plan assets

 

 

(530

)

 

 

(685

)

 

 

(1,590

)

 

 

(2,055

)

Amortization of prior service cost

 

 

9

 

 

 

12

 

 

 

27

 

 

 

36

 

Recognized actuarial loss

 

 

567

 

 

 

247

 

 

 

1,701

 

 

 

741

 

Net periodic benefit cost

 

$

1,215

 

 

 

748

 

 

 

3,645

 

 

 

2,244

 

Other Benefits:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

41

 

 

 

68

 

 

 

191

 

 

 

204

 

Interest cost

 

 

103

 

 

 

226

 

 

 

524

 

 

 

678

 

Amortization of prior service cost

 

 

(899

)

 

 

(508

)

 

 

(1,920

)

 

 

(1,524

)

Recognized actuarial benefit

 

 

(281

)

 

 

(325

)

 

 

(770

)

 

 

(975

)

Net periodic benefit cost

 

$

(1,036

)

 

 

(539

)

 

 

(1,975

)

 

 

(1,617

)