PENSION AND EMPLOYEE BENEFIT PLANS

6 Months Ended

Sep. 30, 2017

Compensation And Retirement Disclosure [Abstract]

(J) PENSION AND EMPLOYEE BENEFIT PLANS

We sponsor several defined benefit pension plans and defined contribution 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 September 30,						For the Six Months ended September 30,
	2017			2016			2017			2016
	(dollars in thousands)						(dollars in thousands)
Service Cost – Benefits Earned During the Period	$	153		$	221		$	404		$	443
Interest Cost of Benefit Obligations		357			398			753			797
Expected Return on Plan Assets		(578	)		(415	)		(980	)		(831	)
Recognized Net Actuarial Loss		46			426			473			851
Amortization of Prior-Service Cost		60			74			150			149
Net Periodic Pension Cost	$	38		$	704		$	800		$	1,409

We anticipate contributing approximately $8.5 million to our pension plans during our fiscal third quarter, which is expected to substantially decrease our unfunded pension liability at March 31, 2018.