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Stockholders' Equity (Tables)
6 Months Ended
Sep. 30, 2014
Schedule of Dividends Declared

The Board of Directors declared the following dividends for the quarters and six-month periods ended September 30:

 

                                                                   
         Quarter Ended
      September 30,
           Six Months Ended
      September 30,
 
(In thousands, except dividend per share)    2014                  2013            2014                  2013      

Dividends declared

   $ 12,611         12,536               25,199         25,035       

Dividend per share

     0.25         0.25               0.50         0.50       
Changes in Accumulated Other Comprehensive Income by Component, Net of Tax

The changes in accumulated other comprehensive income by component, net of tax for the quarters and six month periods ended September 30, 2014 and 2013 are as follows:

 

    For the quarter ended September 30, 2014   For the six months ended September 30, 2014
    Balance
at
 

Gains/(losses)

recognized

  Reclasses
from OCI to
  Net
period
  Remaining
balance
  Balance
at
 

Gains/(losses)

recognized

 

Reclasses

from OCI to

  Net
period
  Remaining  
balance  
(in thousands)   6/30/14   in OCI   net income   OCI   9/30/14   3/31/14   in OCI   net income   OCI   9/30/14  

Available for sale securities

      193         (35 )       67         32         225         92         (3 )       136         133         225     

Currency translation adjustment

      (9,811 )       ---         ---         ---         (9,811 )       (9,811 )       ---         ---         ---         (9,811)     

Pension/Post-retirement benefits

      15         ---         ---         ---         15         (116 )       131         ---         131         15     

Interest rate swaps

      (2,274 )       ---         117         117         (2,157 )       (2,390 )       ---         233         233         (2,157)     

Total

      (11,877 )       (35 )       184         149         (11,728 )       (12,225 )       128         369         497         (11,728)     
                                                               
    For the quarter ended September 30, 2013   For the six months ended September 30, 2013
    Balance
at
 

Gains/(losses)

recognized

  Reclasses
from OCI to
  Net
period
  Remaining
balance
  Balance
at
 

Gains/(losses)

recognized

 

Reclasses

from OCI to

  Net
period
  Remaining  
balance  
(in thousands)   6/30/13   in OCI   net income   OCI   9/30/13   3/31/13   in OCI   net income   OCI   9/30/13  

Available for sale securities

      (10 )       (237 )       64         (173 )       (183 )       (121 )       (206 )       144         (62 )       (183)     

Currency translation adjustment

      (9,811 )       ---         ---         ---         (9,811 )       (9,811 )       ---         ---         ---         (9,811)     

Pension/Post-retirement benefits

      (4,353 )       ---         ---         ---         (4,353 )       (4,353 )       ---         ---         ---         (4,353)     

Interest rate swaps

      (2,739 )       ---         116         116         (2,623 )       (2,856 )       ---         233         233         (2,623)     

Total

      (16,913 )       (237 )       180         (57 )       (16,970 )       (17,141 )       (206 )       377         171         (16,970)     
                                                               
Reclassifications from Accumulated Other Comprehensive Loss to Condensed Consolidated Statement of Income

The following table summarizes the reclassifications from accumulated other comprehensive loss to the condensed consolidated statement of income for the quarters and six month periods ended September 30, 2014 and 2013:

 

         Quarter Ended      Six Months Ended     
             September 30,              September 30,        Affected line item in the condensed
(In thousands)         2014    2013      2014    2013    consolidated statements of income

Realized gains on available for sale securities

      $           103          99            209          222      Interest income and other, net

Amortization of interest rate swap

                 180          178            358          358      Interest and other debt costs

Total pre-tax amounts

           283          277            567          580     

    Tax effect

                 99          97            198          203       

Total gains for the period, net of tax

      $           184          180            369          377