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Income Tax Expense (Tables)

12 Months Ended

Mar. 31, 2019

Income Tax Expense [Abstract]

Schedule of Deferred Tax Assets and Liabilities

The significant components of the deferred tax assets and liabilities recorded in our accompanying balance sheets at March 31, 2019 and 2018 were as follows:

March 31,		2019				2018
Deferred Tax Assets:
Post-retirement benefit accrual		$	3,142			$	3,505
Compensation		14,275				12,334
Net operating loss carryforwards		19,195				26,217
Accrued expenses		4,858				5,795
Insurance		3,187				3,417
Deferred income		7,509				4,632
Bad debt		1,386				1,426
Pension		3,364				5,247
Other		7,707				1,668
Deferred Tax Assets		64,623				64,241
Less: Valuation allowance		13,478				13,596
Total Deferred Tax Assets		51,145				50,645
Deferred Tax Liabilities:
Depreciation and depletion		61,060				61,171
Intangibles		128,479				140,398
Other		2,197				2,774
Total Deferred Tax Liabilities		191,736				204,343
Net Deferred Tax Assets (Liabilities)		$	(140,591	)		$	(153,698	)

Schedule of Income before Income Tax, Domestic and Foreign

Income from continuing operations before income taxes was as follows:

Years Ended March 31,		2019				2018				2017
United States operations		$	235,405			$	203,872			$	189,429
Ireland operations		13,693				11,837				8,597
Other locations operations		120,372				139,273				(13,380		)
		$	369,470			$	354,982			$	184,646

Schedule of Components of Income Tax Expense (Benefit)

The components of the provision for income taxes related to income from continuing operations consisted of the following:

Years Ended March 31,		2019				2018				2017
Current:
United States federal		$	29,943			$	47,728			$	43,900
United States state and local		12,484				7,727				8,171
Ireland		2,627				2,596				1,899
Other locations		26,824				26,742				19,557
		71,878				84,793				73,527
Deferred:
United States federal		5,775				(15,728		)		10,293
United States state and local		2,836				2,656				2,131
Ireland		(546		)		(280		)		(645		)
Other locations		(15,549		)		(8,081		)		(11,291		)
		(7,484		)		(21,433		)		488
Total Provision for Income Taxes		$	64,394			$	63,360			$	74,015

provision for taxes rate reconciliation

The total provision for income taxes can be reconciled to the tax computed at the Ireland statutory tax rate for 2019 and the United Kingdom statutory tax rate for 2018 and 2017 as follows:

Years Ended March 31,		2019			2018			2017
National statutory tax rate		12.5	%		19.0	%		20.0	%
Increase in accruals for uncertain tax positions		—	%		0.1	%		0.3	%
U.S. state and local taxes, net of federal income tax benefit		3.1	%		2.3	%		3.8	%
Increase in valuation allowances		0.4	%		0.1	%		0.1	%
U.S. research and development credit		(0.6	)%		(0.5	)%		(1.1	)%
U.S. foreign income tax credit		(0.2	)%		(0.2	)%		—	%
Difference in non-Ireland tax rates		4.5	%		—	%		—	%
Difference in non-United Kingdom tax rates		—	%		4.1	%		6.0	%
U.S. manufacturing deduction		—	%		(0.8	)%		(2.5	)%
Excess tax benefit for equity compensation		(2.2	)%		(1.8	)%		(2.8	)%
Tax rate changes on deferred tax assets and liabilities		(0.6	)%		(10.3	)%		(2.3	)%
U.S. transition tax on foreign earnings		(0.3	)%		4.9	%		—	%
U.S. tax reform impact, GILTI and FDII		0.3	%		—	%		—	%
Acquisitions and divestitures		—	%		0.5	%		9.0	%
Goodwill impairment on divestitures		—	%		—	%		7.9	%
Capitalized acquisition, redomiciliation costs		0.5	%		—	%		0.2	%
All other, net		—	%		0.4	%		1.5	%
Total Provision for Income Taxes		17.4	%		17.8	%		40.1	%

Summary of Positions for which Significant Change in Unrecognized Tax Benefits is Reasonably Possible

A reconciliation of the beginning and ending balances of the total amounts of unrecognized tax benefits is as follows:

		2019				2018
Unrecognized Tax Benefits Balance at April 1		$	2,500			$	1,884
Increases for tax provisions of current year		178				356
Decreases for tax provisions of prior year		(186		)		—
Other, including currency translation		(178		)		260
Unrecognized Tax Benefits Balance at March 31		$	2,314			$	2,500

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Income Tax Expense [Abstract]

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of unrecognized tax benefits for which a material change is reasonably possible in the next twelve months, typically including the nature of the uncertainty, the event(s) that could cause a material change, and an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made. An unrecognized tax benefit is the difference between a tax position taken in a tax return and the amounts recognized in the financial statements for which it is more likely than not, based on the technical merits of the position, that the tax position will not be sustained upon examination.

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