XML 40 R26.htm IDEA: XBRL DOCUMENT v3.5.0.2
EMPLOYEE BENEFIT PLANS (Tables)
3 Months Ended
Jun. 30, 2016
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, 2016 and March 31, 2016:

 

 

 

June 30,

 

 

March 31,

 

(In thousands)

 

2016

 

 

2016

 

Investments held in Rabbi Trust

 

$

8,919

 

 

 

8,811

 

Unrealized losses in fair value of trust assets

 

 

(47

)

 

 

(208

)

Unrealized losses in fair value of trust assets

   are net of income tax expense of

 

 

 

 

 

(168

)

Obligations under the supplemental plan

 

 

25,364

 

 

 

25,072

 

 

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)

 

2016

 

 

2015

 

Pension Benefits:

 

 

 

 

 

 

 

 

Service cost

 

$

252

 

 

 

234

 

Interest cost

 

 

941

 

 

 

935

 

Expected return on plan assets

 

 

(548

)

 

 

(530

)

Administrative expenses

 

 

2

 

 

 

 

Amortization of prior service cost

 

 

 

 

 

9

 

Recognized actuarial loss

 

 

446

 

 

 

567

 

Net periodic benefit cost

 

$

1,093

 

 

 

1,215

 

Other Benefits:

 

 

 

 

 

 

 

 

Service cost

 

$

20

 

 

 

75

 

Interest cost

 

 

50

 

 

 

211

 

Amortization of prior service cost

 

 

(1,086

)

 

 

(510

)

Recognized actuarial benefit

 

 

(285

)

 

 

(245

)

Net periodic benefit cost

 

$

(1,301

)

 

 

(469

)