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PENSION AND EMPLOYEE BENEFIT PLANS
 6 Months Ended
Sep. 30, 2020
Compensation And Retirement Disclosure [Abstract]  
PENSION AND EMPLOYEE BENEFIT PLANS

 


(L) 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 (benefit) cost for our plans:

 

 

 

For the Three Months Ended September 30,

 

 

For the Six Months Ended September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

 

 

(dollars in thousands)

 

Service Cost - Benefits Earned During the Period

 

$

—

 

 

$

85

 

 

$

—

 

 

$

170

 

Interest Cost of Projected Benefit Obligation

 

 

304

 

 

 

338

 

 

 

608

 

 

 

675

 

Expected Return on Plan Assets

 

 

(355

)

 

 

(426

)

 

 

(710

)

 

 

(853

)

Recognized Net Actuarial Loss

 

 

34

 

 

 

43

 

 

 

67

 

 

 

88

 

Net Periodic Pension (Benefit) Cost

 

$

(17

)

 

$

40

 

 

$

(35

)

 

$

80