XML 84 R44.htm IDEA: XBRL DOCUMENT v3.22.1

EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Mar. 31, 2022

Retirement Benefits [Abstract]

Schedule of Components of Net Postretirement Medical Expense

The components of net postretirement medical expense for the Officer Medical Plan were as follows: 

						Fiscal Year Ended March 31,
						2022						2021						2020
Service cost						$	6,505					$	5,657					$	4,955
Interest cost						4,063						4,237						4,859
Total postretirement medical expense						$	10,568					$	9,894					$	9,814

Schedule of Assumed Health Care Cost Trend Rates

Assumed healthcare cost trend rates for the Officer Medical Plan at March 31, 2022 and 2021 were as follows:    

Pre-65 initial rate						2022						2021
Healthcare cost trend rate assumed for next year						6.30		%				6.55		%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)						4.50		%				4.50		%
Year that the rate reaches the ultimate trend rate						2031						2029

Post-65 initial rate						2022						2021
Healthcare cost trend rate assumed for next year						6.45		%				6.75		%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)						4.50		%				4.50		%
Year that the rate reaches the ultimate trend rate						2031						2029

Schedule of Change in Benefit Obligation

The changes in the benefit obligation, plan assets, and funded status of the Officer Medical Plan were as follows: 

						Fiscal Year Ended March 31,
						2022						2021						2020
Benefit obligation, beginning of the year						$	121,518					$	119,609					$	120,341
Service cost						6,505						5,657						4,955
Interest cost						4,063						4,237						4,859
Net actuarial gain						(13,563)						(3,466)						(6,761)
Benefits paid						(5,018)						(4,519)						(3,785)
Benefit obligation, end of the year						$	113,505					$	121,518					$	119,609

Schedule of Change in Fair Value of Plan Assets

						Fiscal Year Ended March 31,
Changes in plan assets						2022						2021						2020
Fair value of plan assets, beginning of the year						$	—					$	—					$	—
Employer contributions						5,018						4,519						3,785
Benefits paid						(5,018)						(4,519)						(3,785)
Fair value of plan assets, end of the year						$	—					$	—					$	—

Schedule of Expected Future Benefit Payments

The expected future medical benefit payments and related contributions are as follows:     

For the Fiscal Year Ending March 31,
2023			$	4,001
2024			$	4,304
2025			$	4,546
2026			$	4,931
2027			$	5,239
2028 - 2032			$	31,203

X

- References

No definition available.

+ Details

Name:	us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation of beginning and ending balances of the fair value of plan assets of pension plans and/or other employee benefit plans showing separately, if applicable, the effects during the period attributable to each of the following: actual return on plan assets, foreign currency exchange rate changes, contributions by the employer, contributions by plan participants, benefits paid, business combinations, divestitures, and settlements.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfChangesInFairValueOfPlanAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in the benefit obligation of pension plans and/or other employee benefit plans from the beginning to the end of the period, showing separately, if applicable, the effects of the following: service cost, interest cost, contributions by plan participants, actuarial gains and losses, foreign currency exchange rate changes, benefits paid, plan amendments, business combinations, divestitures, curtailments, settlements, and special and contractual termination benefits.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfChangesInProjectedBenefitObligationsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the assumed health care cost trend rates for the next year used to measure the expected cost of benefits covered by the plans, including the ultimate trend rate(s) and when that rate is expected to be achieved.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (l)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfHealthCareCostTrendRatesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration