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Employee Retirement Plans (Tables)
 12 Months Ended
Mar. 31, 2019
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 and includes a statement of the plans' funded status as of March 31, 2019 and 2018:
 
March 31,
 (In thousands)
2019

2018
Change in benefit obligation:
 
 
 
Projected benefit obligation at beginning of period
$
61,882

 
$
61,714

Interest cost
2,380

 
2,529

Actuarial (gain) loss
(744
)
 
800

Benefits paid
(3,184
)
 
(3,161
)
Projected benefit obligations at end of year
$
60,334

 
$
61,882

 

 
 
Change in plan assets:
 
 
 
Fair value of plan assets at beginning of period
$
50,508

 
$
47,772

Actual return on plan assets
2,416

 
5,505

Employer contribution
1,375

 
392

Benefits paid
(3,184
)
 
(3,161
)
Fair value of plan assets at end of year
$
51,115

 
$
50,508

 

 
 
Funded status at end of year
$
(9,219
)
 
$
(11,374
)
Schedule of Amounts Recognized in Balance Sheet
Amounts recognized in the balance sheet at the end of the period consist of the following:
 
March 31,
 (In thousands)
2019

2018
Current liability
$
361

 
461

Long-term liability
8,858

 
10,913

Total
$
9,219

 
$
11,374
Schedule of Primary Components of Net Periodic Benefits
The primary components of Net Periodic Benefits consist of the following:
 
Year Ended March 31,
 (In thousands)
2019

2018
 
2017
Interest cost
$
2,380

 
$
2,529

 
$
456

Expected return on assets
(3,070
)
 
(2,901
)
 
(462
)
Net periodic benefit cost (income)
$
(690
)
 
$
(372
)
 
$
(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. 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:
 
2020 (expectation) to participant benefits
$
1,361

 
 
Expected benefit payments year ending March 31,
 
2020
$
3,371

2021
3,472

2022
3,592

2023
3,678

2024
3,743

2025-2029
18,771
Schedule of Allocation of Plan Assets
The asset allocation for the Company's funded retirement plan as of March 31, 2019 and 2018, and the target allocation by asset category are as follows:
 
Percentage of Plan Assets
Asset Category
Target Allocation
March 31, 2019

March 31, 2018
Domestic large cap equities
18
%
18
%
 
21
%
Domestic small/mid cap equities
5

5

 
6

International equities
15

15

 
18

Fixed income and cash
62

62

 
55

Total
100
%
100
%
 
100
%
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss)
The following tables show the unrecognized actuarial loss (gain) included in accumulated other comprehensive income at March 31, 2019, 2018 and 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 2020:
 (In thousands)
 
Balances in accumulated other comprehensive loss as of March 31, 2017:
 
Unrecognized actuarial loss
$
399

Unrecognized prior service credit
—

 
 
Balances in accumulated other comprehensive loss as of March 31, 2018:
 
Unrecognized actuarial (gain)
$
(1,407
)
Unrecognized prior service credit
—

 
 
Balances in accumulated other comprehensive (income) as of March 31, 2019:
 
Unrecognized actuarial (gain)
$
(1,469
)
Unrecognized prior service credit
—

 
 
Amounts expected to be reclassified from accumulated other comprehensive income (loss) during 2020:


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, 2019 and 2018 were as follows:
 
March 31,
 
2019

2018
Key assumptions:
 
 
 
Discount rate
3.80% to 3.99%
 
3.93% to 4.07%
Expected return on plan assets, net of administrative fees
5.75%
 
6.25%
Rate of compensation increase
—
 
—