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EMPLOYEE BENEFIT PLANS (Tables)
3 Months Ended
Jun. 30, 2017
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 June 30, 2017 and March 31, 2017:

 

 

 

June 30,

 

 

March 31,

 

(In thousands)

 

2017

 

 

2017

 

Investments held in Rabbi Trust

 

$

8,723

 

 

 

8,759

 

Unrealized losses in fair value of trust assets

 

 

(9

)

 

 

(95

)

Unrealized losses in fair value of trust assets

   are net of income tax expense of

 

 

(223

)

 

 

(223

)

Obligations under the supplemental plan

 

 

29,701

 

 

 

29,108

 

 

Schedule of Net Periodic Benefit Cost

The net periodic benefit cost for the company’s defined benefit pension plans 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

 

 

 

June 30,

 

(In thousands)

 

2017

 

 

2016

 

Pension Benefits:

 

 

 

 

 

 

 

 

Service cost

 

$

294

 

 

 

252

 

Interest cost

 

 

984

 

 

 

941

 

Expected return on plan assets

 

 

(518

)

 

 

(548

)

Administrative expenses

 

 

2

 

 

 

2

 

Amortization of prior service cost

 

 

 

 

 

 

Recognized actuarial loss

 

 

561

 

 

 

446

 

Net periodic benefit cost

 

$

1,323

 

 

 

1,093

 

Other Benefits:

 

 

 

 

 

 

 

 

Service cost

 

$

17

 

 

 

20

 

Interest cost

 

 

48

 

 

 

50

 

Amortization of prior service cost

 

 

(695

)

 

 

(1,086

)

Recognized actuarial benefit

 

 

(252

)

 

 

(285

)

Net periodic benefit cost

 

$

(882

)

 

 

(1,301

)