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Pension and Profit Sharing Plans (Tables)

12 Months Ended

Mar. 31, 2017

Compensation And Retirement Disclosure [Abstract]

Schedule of Reconciliation of Obligations and Fair Values of Plan Assets

The following table provides a reconciliation of the obligations and fair values of plan assets for all of our defined benefit plans over the two-year period ended March 31, 2017 and a statement of the funded status as of March 31, 2017 and 2016:

		For the Years Ended March 31,
		2017				2016
		(dollars in thousands)
Reconciliation of Benefit Obligations -
Benefit Obligation at April 1,		$	42,281			$	41,791
Service Cost - Benefits Earned During the Period			1,001				1,039
Interest Cost on Projected Benefit Obligation			1,584				1,525
Amendments			199				—
Actuarial (Gain) Loss			(3,531	)			(1,146	)
Benefits Paid			(945	)			(928	)
Benefit Obligation at March 31,		$	40,589			$	42,281
Reconciliation of Fair Value of Plan Assets -
Fair Value of Plan Assets at April 1,		$	21,424			$	22,055
Actual Return on Plan Assets			2,522				(537	)
Employer Contributions			3,409				834
Benefits Paid			(945	)			(928	)
Fair Value of Plans at March 31,			26,410				21,424
Funded Status -
Unfunded Status at March 31,		$	(14,179	)		$	(20,857	)
Amounts Recognized in the Balance Sheet Consist of -
Accrued Benefit Liability		$	(14,179	)		$	(20,857	)
Accumulated Other Comprehensive Losses:
Net Actuarial Loss			11,587				17,746
Prior Service Cost			349				509
Accumulated Other Comprehensive Losses		$	11,936			$	18,255
Tax impact			(4,540	)			(6,846	)
Accumulated Other Comprehensive Losses, net of tax		$	7,396			$	11,409

Schedule of Accumulated Benefit Obligation in Excess of Plan Assets

Information for pension plans with an accumulated benefit obligation in excess of plan assets:

		March 31,
		2017				2016
		(dollars in thousands)
Projected Benefit Obligation		$	40,589			$	42,281
Accumulated Benefit Obligation		$	40,391			$	42,236
Fair Value of Plan Assets		$	26,410			$	21,424

Components of Net Periodic Cost

Net periodic pension cost for the fiscal years ended March 31, 2017, 2016 and 2015, included the following components:

		For the Years Ended March 31,
		2017				2016				2015
		(dollars in thousands)
Service Cost - Benefits Earned During the Period		$	1,001			$	1,039			$	874
Interest Cost of Projected Benefit Obligation			1,584				1,525				1,278
Expected Return on Plan Assets			(1,606	)			(1,751	)			(1,680	)
Recognized Net Actuarial Loss			1,712				1,773				609
Amortization of Prior-Service Cost			359				300				11
Net Periodic Pension Cost		$	3,050			$	2,886			$	1,092

Schedule of Expected Benefit Payments

Expected benefit payments over the next five years, and the following five years under the pension plans are expected to be as follows (in thousands):

Fiscal Years		Total
2018		$	1,394
2019		$	1,489
2020		$	1,613
2021		$	1,735
2022		$	1,858
2023-2027		$	11,094

Schedule of Assumptions Used in Net Periodic Benefit Cost and Benefit Obligations

The following table sets forth the assumptions used in the actuarial calculations of the present value of net periodic benefit cost and benefit obligations:

		March 31,
		2017				2016				2015
Net Periodic Benefit Costs -
Discount Rate			3.83	%			3.70	%			4.41	%
Expected Return on Plan Assets			7.50	%			8.00	%			8.00	%
Rate of Compensation Increase			3.50	%			3.50	%			3.50	%

		March 31,
		2017				2016
Benefit Obligations -
Discount Rate			4.03	%			3.83	%
Rate of Compensation Increase			3.50	%			3.50	%

Schedule of Pension Plans Weighted-Average Asset Allocation and Range of Target Allocation

The pension plans’ approximate weighted-average asset allocation at March 31, 2017 and 2016 and the range of target allocation are as follows:

		Range of Target		Percentage of Plan Assets at March 31,
		Allocation		2017				2016
Asset Category -
Equity Securities		40 – 60%			70	%			66	%
Debt Securities		35 – 60%			27	%			33	%
Other		0 –   5%			3	%			1	%
Total					100	%			100	%

Schedule of Fair Values of Defined Benefit Plans

The fair values of our defined benefit plans’ consolidated assets by category as of March 31, 2017 and 2016 were as follows:

		March 31,
		2017				2016
		(dollars in thousands)
Equity Securities		$	18,375			$	14,083
Fixed Income Securities			7,166				7,047
Real Estate Funds			147				129
Commodity Linked Funds			464				50
Cash Equivalents			258				115
Total		$	26,410			$	21,424

Schedule of Fair Values of Defined Benefit Plans Determined Using Fair Value Hierarchy of Inputs

The fair values by category of inputs as of March 31, 2017 were as follows:

Asset Categories		Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Total
		(dollars in thousands)
Equity Securities		$	—			$	18,375			$	—			$	18,375
Fixed Income Securities			—				7,166				—				7,166
Real Estate Funds			—				147				—				147
Commodity Linked Funds			—				464				—				464
Cash Equivalents			258				—				—				258
		$	258			$	26,152			$	—			$	26,410

The fair values by category of inputs as of March 31, 2016 were as follows:

Asset Categories		Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Total
		(dollars in thousands)
Equity Securities		$	—			$	14,083			$	—			$	14,083
Fixed Income Securities			—				7,047				—				7,047
Real Estate Funds			—				129				—				129
Commodity Linked Funds			—				50				—				50
Cash Equivalents			115				—				—				115
		$	115			$	21,309			$	—			$	21,424

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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.

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