Employee Benefit Plans (Tables)

9 Months Ended

Dec. 31, 2014

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, 2014 and March 31, 2014:


	December 31,		March 31,
(In thousands)	2014		2014
Investments held in Rabbi Trust	$	10,023		10,285
Unrealized gains in fair value of trust assets		263		92
Unrealized gains in fair value of trust assets are net of income tax expense of		92		49
Obligations under the supplemental plan		23,229		21,918

Schedule of Net Periodic Benefit Cost

The net periodic benefit cost for the company’s U.S. defined benefit pension plan and the 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 December 31,							Nine Months Ended December 31,
(In thousands)	2014				2013			2014			2013
Pension Benefits:
Service cost		$	206			198			618			594
Interest cost			968			895			2,904			2,685
Expected return on plan assets			(685	)		(718	)		(2,055	)		(2,154	)
Amortization of prior service cost			12			12			36			36
Recognized actuarial loss			247			276			741			828
Net periodic benefit cost		$	748			663			2,244			1,989

Other Benefits:
Service cost		$	68			101			204			303
Interest cost			226			262			678			786
Amortization of prior service cost			(508	)		(508	)		(1,524	)		(1,524	)
Recognized actuarial (gain) loss			(325	)		(99	)		(975	)		(297	)
Net periodic benefit cost		$	(539	)		(244	)		(1,617	)		(732	)