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PENSION AND EMPLOYEE BENEFIT PLANS | 9 Months Ended
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Dec. 31, 2016
Compensation And Retirement Disclosure [Abstract] |
PENSION AND EMPLOYEE BENEFIT PLANS | (J) PENSION AND EMPLOYEE BENEFIT PLANS We sponsor several defined benefit and defined contribution pension plans which together cover substantially all our employees. Benefits paid under the defined benefit plans covering certain hourly employees are based on years of service and the employee’s qualifying compensation over the last few years of employment. The following table shows the components of net periodic cost for our plans:
|  | For the Three Months Ended December 31, |  |  | For the Nine Months ended December31, |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
|  | (dollars in thousands) |  |  | (dollars in thousands) |
Service Cost – Benefits Earned During the Period |  | $ | 222 |  |  | $ | 257 |  |  | $ | 665 |  |  | $ | 745 |
Interest Cost of Benefit Obligations |  |  | 399 |  |  |  | 377 |  |  |  | 1,196 |  |  |  | 1,135 |
Expected Return on Plan Assets |  |  | (416 | ) |  |  | (439 | ) |  |  | (1,247 | ) |  |  | (1,308 | )
Recognized Net Actuarial Loss |  |  | 425 |  |  |  | 427 |  |  |  | 1,276 |  |  |  | 1,286 |
Amortization of Prior-Service Cost |  |  | 75 |  |  |  | 75 |  |  |  | 224 |  |  |  | 225 |
Net Periodic Pension Cost |  | $ | 705 |  |  | $ | 697 |  |  | $ | 2,114 |  |  | $ | 2,083 |

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