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Employee Retirement Plans (Tables)
 12 Months Ended
Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Benefit Obligation and Plan Assets
The following table summarizes the changes in the U.S. pension plan obligations and plan assets from the date of acquisition to the end of our fiscal year, and includes a statement of the plans' funded status as of March 31, 2017:
 
Period Ended
 (In thousands)
March 31, 2017
Change in benefit obligation:
 
Projected benefit obligation at date of acquisition
$
61,187

Interest cost
456

Actuarial (gain) loss
791

Benefits paid
(720
)
Projected benefit obligations at end of year
$
61,714

 

Change in plan assets:
 
Fair value of plan assets at date of acquisition
$
41,560

Actual return on plan assets
854

Employer contribution
6,078

Benefits paid
(720
)
Fair value of plan assets at end of year
$
47,772

 

Funded status at end of year
$
(13,942
)
Schedule of Amounts Recognized in Balance Sheet
Amounts recognized in the balance sheet at the end of the period consist of the following:
 
Period Ended
 (In thousands)
March 31, 2017
Current liability
$
463

Long-term liability
13,479

Total
$
13,942
Schedule of Primary Components of Net Periodic Benefits
The primary components of Net Periodic Benefits consist of the following:
 
Period Ended
 (In thousands)
March 31, 2017
Interest cost
$
456

Expected return on assets
(462
)
Net periodic benefit cost (income)
$
(6
)
Schedule of Expected to be Contributed
The following table includes amounts that are expected to be contributed to the plans by the Company. It reflects benefit payments that are made from the plans' assets as well as those made directly from the Company's assets and includes the participants' share of the cost, which is funded by participant contributions. The amounts in the table are actuarially determined and reflect the Company's best estimate given its current knowledge; actual amounts could be materially different.
 (In thousands)
Pension Benefits
Employer contributions:
 
2018 (expectation) to participant benefits
$
463

 
 
Expected benefit payments year ending March 31,
 
2018
$
3,152

2019
3,254

2020
3,329

2021
3,416

2022
3,578

2023-2027
18,888
Schedule of Allocation of Plan Assets
The asset allocation for the Company's funded retirement plan as of March 31, 2017, and the target allocation by asset category are as follows:
Asset Category
Target Allocation
Percentage of Plan Assets
Domestic large cap equities
36
%
41
%
Domestic small/mid cap equities
9

7

International equities
15

16

Balanced/asset allocation
4

2

Fixed income and cash
36

34

Total
100
%
100
%
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss)
The following tables show the unrecognized actuarial loss included in accumulated other comprehensive income at March 31, 2017, as well as the prior service cost credit and actuarial loss expected to be reclassified from accumulated other comprehensive income (loss) to retirement expense during 2018:
 (In thousands)
 
Balances in accumulated other comprehensive income (loss) as of March 31, 2017:
 
Unrecognized actuarial (loss)
$
399

Unrecognized prior service credit
—

 


Amounts expected to be reclassified from accumulated other comprehensive income (loss) during 2018:


Unrecognized actuarial (loss)
$
—

Unrecognized prior service credit
—
Schedule of Assumptions Used
Assumptions used in determining the actuarial present value of the benefit obligation as of March 31, 2017 were as follows:
Weighted-average assumptions:
 
Discount rate
4.21
%
Expected return on plan assets
6.25
%
Rate of compensation increase
—