XML 51 R33.htm IDEA: XBRL DOCUMENT
v3.19.1

PENSION AND PROFIT SHARING PLANS (Tables) | 12 Months Ended
--- | ---
Mar. 31, 2019
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 defined benefit plans over the two-year period ended March 31, 2019, and a statement of the funded status as of March 31, 2019 and 2018:
|  | For the Years Ended March 31, |
|  | 2019 |  |  | 2018 |
|  | (dollars in thousands) |
Reconciliation of Benefit Obligations - |  |  |  |  |  |  |  |
Benefit Obligation at April 1, |  | $ | 33,370 |  |  | $ | 40,589 |
Service Cost - Benefits Earned During the Period |  |  | 399 |  |  |  | 710 |
Interest Cost on Projected Benefit Obligation |  |  | 1,347 |  |  |  | 1,466 |
Actuarial (Gain) Loss |  |  | (306 | ) |  |  | (4,505 | )
Settlement |  |  | — |  |  |  | (3,857 | )
Benefits Paid |  |  | (1,080 | ) |  |  | (1,033 | )
Benefit Obligation at March 31, |  | $ | 33,730 |  |  | $ | 33,370 |
Reconciliation of Fair Value of Plan Assets - |  |  |  |  |  |  |  |
Fair Value of Plan Assets at April 1, |  | $ | 33,412 |  |  | $ | 26,410 |
Actual Return on Plan Assets |  |  | 2,169 |  |  |  | 2,805 |
Employer Contributions |  |  | 2,040 |  |  |  | 9,087 |
Settlement |  |  | — |  |  |  | (3,857 | )
Benefits Paid |  |  | (1,080 | ) |  |  | (1,033 | )
Fair Value of Plans at March 31, |  |  | 36,541 |  |  |  | 33,412 |
Funded Status - |  |  |  |  |  |  |  |
Funded Status at March 31, |  | $ | 2,811 |  |  | $ | 42 |
Amounts Recognized in the Balance Sheet Consist of - |  |  |  |  |  |  |  |
Other Assets |  | $ | 2,811 |  |  | $ | — |
Prepaid and Other Assets |  |  | — |  |  |  | 538 |
Accrued Benefit Liability |  |  | — |  |  |  | (496 | )
Accumulated Other Comprehensive Losses: |  |  |  |  |  |  |  |
Net Actuarial Loss |  |  | 4,346 |  |  |  | 5,198 |
Prior Service Cost |  |  | 19 |  |  |  | 80 |
Accumulated Other Comprehensive Losses |  | $ | 4,365 |  |  | $ | 5,278 |
Reclassification to Retained Earnings |  |  | — |  |  |  | 978 |
Tax impact |  |  | (1,049 | ) |  |  | (2,244 | )
Accumulated Other Comprehensive Losses, net of tax |  | $ | 3,316 |  |  | $ | 4,012 |
Summary of Projected Benefit Obligation, Accumulated Benefit Obligation and Fair Value of Plan Assets | The table below summarizes the Company’s Projected Benefit Obligation, Accumulated Benefit Obligation and Fair Value of Plan Assets at March 31, 2019 and 2018:
|  | March 31, |
|  | 2019 |  |  | 2018 |
|  | (dollars in thousands) |
Projected Benefit Obligation |  | $ | 33,730 |  |  | $ | 33,370 |
Accumulated Benefit Obligation |  | $ | 33,727 |  |  | $ | 33,367 |
Fair Value of Plan Assets |  | $ | 36,541 |  |  | $ | 33,412 |
Components of Net Periodic Cost | Net periodic pension cost for the fiscal years ended March 31, 2019, 2018, and 2017, included the following components:
|  | For the Years Ended March 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
|  | (dollar in thousands) |
Service Cost - Benefits Earned During the Period |  | $ | 399 |  |  | $ | 710 |  |  | $ | 1,001 |
Interest Cost of Projected Benefit Obligation |  |  | 1,347 |  |  |  | 1,466 |  |  |  | 1,584 |
Expected Return on Plan Assets |  |  | (1,853 | ) |  |  | (2,137 | ) |  |  | (1,606 | )
Recognized Net Actuarial Loss |  |  | 230 |  |  |  | 566 |  |  |  | 1,712 |
Amortization of Prior-Service Cost |  |  | 61 |  |  |  | 269 |  |  |  | 359 |
Settlement |  |  | — |  |  |  | 649 |  |  |  | — |
Net Periodic Pension Cost |  | $ | 184 |  |  | $ | 1,523 |  |  | $ | 3,050 |
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 (dollars in thousands):
Fiscal Years |  | Total |
2020 |  | $ | 1,411 |
2021 |  | $ | 1,515 |
2022 |  | $ | 1,602 |
2023 |  | $ | 1,657 |
2024 |  | $ | 1,702 |
2025-2029 |  | $ | 9,702 |
Schedule of Assumptions Used in Net Periodic Benefit Cost and Benefit Obligations | The following tables set forth the assumptions used in the actuarial calculations of the present value of Net Periodic Benefit Costs and Benefit Obligations:
|  | March 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
Net Periodic Benefit Costs - |  |  |  |  |  |  |  |  |  |  |  |
Discount Rate |  |  | 4.12 | % |  |  | 4.03 | % |  |  | 3.83 | %
Expected Return on Plan Assets |  |  | 5.50 | % |  |  | 7.50 | % |  |  | 7.50 | %
Rate of Compensation Increase |  |  | 3.50 | % |  |  | 3.50 | % |  |  | 3.50 | %
|  | March 31, |
|  | 2019 |  |  | 2018 |
Benefit Obligations - |  |  |  |  |  |  |  |
Discount Rate |  |  | 4.09 | % |  |  | 4.12 | %
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, 2019 and 2018 and the range of target allocation are as follows:
|  |  |  | Percentage of Plan Assets at March 31, |
|  | Range of Target Allocation |  | 2019 |  |  | 2018 |
Asset Category - |  |  |  |  |  |  |  |  |  |
Equity Securities |  | 10 – 20% |  |  | 14 | % |  |  | 50 | %
Debt Securities |  | 60 – 90% |  |  | 85 | % |  |  | 47 | %
Other |  | 0 – 20% |  |  | 1 | % |  |  | 3 | %
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, 2019 and 2018 were as follows:
|  | March 31, |
|  | 2019 |  |  | 2018 |
|  | (dollars in thousands) |
Equity Securities |  | $ | 4,525 |  |  | $ | 16,533 |
Fixed Income Securities |  |  | 31,516 |  |  |  | 15,799 |
Real Estate Funds |  |  | 144 |  |  |  | 163 |
Commodity Linked Funds |  |  | 212 |  |  |  | 213 |
Cash Equivalents |  |  | 144 |  |  |  | 704 |
Total |  | $ | 36,541 |  |  | $ | 33,412 |
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, 2019 were as follows:
|  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |  |  | Total |
Asset Categories |  | (dollars in thousands) |
Equity Securities |  | $ | — |  |  | $ | 4,525 |  |  | $ | — |  |  | $ | 4,525 |
Fixed Income Securities |  |  | — |  |  |  | 31,516 |  |  |  | — |  |  |  | 31,516 |
Real Estate Funds |  |  | — |  |  |  | 144 |  |  |  | — |  |  |  | 144 |
Commodity Linked Funds |  |  | — |  |  |  | 212 |  |  |  | — |  |  |  | 212 |
Cash Equivalents |  |  | 144 |  |  |  | — |  |  |  | — |  |  |  | 144 |
|  | $ | 144 |  |  | $ | 36,397 |  |  | $ | — |  |  | $ | 36,541 |
The fair values by category of inputs as of March 31, 2018 were as follows:
|  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |  |  | Total |
Asset Categories |  | (dollars in thousands) |
Equity Securities |  | $ | — |  |  | $ | 16,533 |  |  | $ | — |  |  | $ | 16,533 |
Fixed Income Securities |  |  | — |  |  |  | 15,799 |  |  |  | — |  |  |  | 15,799 |
Real Estate Funds |  |  | — |  |  |  | 163 |  |  |  | — |  |  |  | 163 |
Commodity Linked Funds |  |  | — |  |  |  | 213 |  |  |  | — |  |  |  | 213 |
Cash Equivalents |  |  | 704 |  |  |  | — |  |  |  | — |  |  |  | 704 |
|  | $ | 704 |  |  | $ | 32,708 |  |  | $ | — |  |  | $ | 33,412 |

X
- Definition Schedule of accumulated and projected benefit obligations and fair value of plan assets. + References No definition available. + Details
Name: | exp_ScheduleOfAccumulatedAndProjectedBenefitObligationsAndFairValueOfPlanAssetsTableTextBlock
Namespace Prefix: | exp_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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 input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + 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 (d)(5) -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets. + 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 (k) -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
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=108410482&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfChangesInFairValueOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=112275985&loc=d3e4179-114921 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e2439-114920 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e2410-114920 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e2417-114920 + Details
Name: | us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum: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=108410482&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum: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=108410482&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration