XML 38 R27.htm IDEA: XBRL DOCUMENT v3.6.0.2
EMPLOYEE BENEFIT PLANS (Tables)
9 Months Ended
Dec. 31, 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 December 31, 2016 and March 31, 2016:

 

 

 

December 31,

 

March 31,

(In thousands)

 

2016

 

2016

Investments held in Rabbi trust

 

$

8,697

 

 

 

 

8,811

 

 

Unrealized losses in fair value of trust assets

 

 

(1

)

 

 

 

(208

)

 

Unrealized losses in fair value of trust assets

    are net of income tax expense of

 

 

 

 

 

 

(168

)

 

Obligations under the supplemental plan

 

 

26,043

 

 

 

 

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

 

 

Nine Months Ended

 

 

 

December 31,

 

 

December 31,

 

(In thousands)

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Pension Benefits:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

257

 

 

 

234

 

 

 

763

 

 

 

702

 

Interest cost

 

 

941

 

 

 

935

 

 

 

2,823

 

 

 

2,805

 

Expected return on plan assets

 

 

(548

)

 

 

(530

)

 

 

(1,645

)

 

 

(1,590

)

Administrative expenses

 

 

2

 

 

 

 

 

 

6

 

 

 

 

Amortization of prior service cost

 

 

 

 

 

9

 

 

 

 

 

 

27

 

Recognized actuarial loss

 

 

446

 

 

 

567

 

 

 

1,338

 

 

 

1,701

 

Net periodic benefit cost

 

$

1,098

 

 

 

1,215

 

 

 

3,285

 

 

 

3,645

 

Other Benefits:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

20

 

 

 

41

 

 

 

60

 

 

 

191

 

Interest cost

 

 

50

 

 

 

103

 

 

 

150

 

 

 

524

 

Amortization of prior service cost

 

 

(1,086

)

 

 

(899

)

 

 

(3,258

)

 

 

(1,920

)

Recognized actuarial benefit

 

 

(285

)

 

 

(281

)

 

 

(855

)

 

 

(770

)

Net periodic benefit cost

 

$

(1,301

)

 

 

(1,036

)

 

 

(3,903

)

 

 

(1,975

)