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Pension And Other Postretirement Benefit Plans (Tables) | 12 Months Ended
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Mar. 31, 2015
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract] |
Assumptions Used To Compute Net Periodic Benefit Cost And Benefit Obligations | Assumptions used for financial reporting purposes to compute net periodic benefit cost and benefit obligations for the Company's primary defined benefit plans were as follows:
| Pension Benefits |  | Other Postretirement Benefits
| 2015 |  | 2014 |  | 2013 |  | 2015 |  | 2014 |  | 2013
Discount rates: |  |  |  |  |  |  |  |  |  |  |
Benefit cost for plan year | 4.50 | % |  | 4.20 | % |  | 4.60 | % |  | 4.10 | % |  | 3.90 | % |  | 4.40 | %
Benefit obligation at end of plan year | 3.80 | % |  | 4.50 | % |  | 4.20 | % |  | 3.70 | % |  | 4.30 | % |  | 3.90 | %
Expected long-term return on plan assets: |  |  |  |  |  |  |  |  |  |  |
Benefit cost for plan year | 7.75 | % |  | 8.00 | % |  | 8.00 | % |  | 4.30 | % |  | 4.30 | % |  | 4.30 | %
Benefit obligation at end of plan year | 7.25 | % |  | 7.75 | % |  | 8.00 | % |  | 3.00 | % |  | 4.30 | % |  | 4.30 | %
Salary scale: |  |  |  |  |  |  |  |  |  |  |
Benefit cost for plan year | 4.50 | % |  | 5.00 | % |  | 5.00 | % |  | 4.50 | % |  | 5.00 | % |  | 5.00 | %
Benefit obligation at end of plan year | 4.50 | % |  | 4.50 | % |  | 5.00 | % |  | 4.50 | % |  | 4.50 | % |  | 5.00 | %
Healthcare cost trend rate | N/A |  |  | N/A |  |  | N/A |  |  | 7.20 | % |  | 7.40 | % |  | 7.60 | %
Benefit Obligations, Plan Assets, And Funded Status | The following table reflects the changes in benefit obligations and plan assets in 2015 and 2014, as well as the funded status of the plans at March 31, 2015 and 2014:
| Pension Benefits |  | Other Postretirement Benefits
| March 31, |  | March 31,
| 2015 |  | 2014 |  | 2015 |  | 2014
Actuarial present value of benefit obligation: |  |  |  |  |  |  |
Accumulated benefit obligation | $ | 287,133 |  |  | $ | 258,240 |  |  |  |  |
Projected benefit obligation | 288,908 |  |  | 259,928 |  |  | $ | 40,863 |  |  | $ | 41,846 |
Change in projected benefit obligation: |  |  |  |  |  |  |
Projected benefit obligation, beginning of year | $ | 259,928 |  |  | $ | 299,161 |  |  | $ | 41,846 |  |  | $ | 48,970 |
Service cost | 5,099 |  |  | 5,190 |  |  | 347 |  |  | 527 |
Interest cost | 11,215 |  |  | 12,223 |  |  | 1,699 |  |  | 2,106 |
Effect of discount rate change | 30,744 |  |  | (8,316 | ) |  | 2,669 |  |  | (2,483 | )
Plan amendment | — |  |  | (22,145 | ) |  | — |  |  | — |
Foreign currency exchange rate changes | (6,033 | ) |  | 22 |  |  | (444 | ) |  | — |
Curtailment | — |  |  | — |  |  | (1,465 | ) |  | — |
Settlements | — |  |  | (2,136 | ) |  | — |  |  | — |
Other | 2,879 |  |  | (2,586 | ) |  | (788 | ) |  | (4,282 | )
Benefit payments | (14,924 | ) |  | (21,485 | ) |  | (3,001 | ) |  | (2,992 | )
Projected benefit obligation, end of year | $ | 288,908 |  |  | $ | 259,928 |  |  | $ | 40,863 |  |  | $ | 41,846 |
Change in plan assets: |  |  |  |  |  |  |
Plan assets at fair value, beginning of year | $ | 213,282 |  |  | $ | 205,942 |  |  | $ | 2,535 |  |  | $ | 2,932 |
Actual return on plan assets | 23,486 |  |  | 15,758 |  |  | 73 |  |  | 97 |
Employer contributions | 8,063 |  |  | 17,866 |  |  | 2,508 |  |  | 2,498 |
Settlements | — |  |  | (2,136 | ) |  | — |  |  | — |
Foreign currency exchange rate changes | (5,354 | ) |  | (2,663 | ) |  | — |  |  | — |
Benefit payments | (14,924 | ) |  | (21,485 | ) |  | (3,001 | ) |  | (2,992 | )
Plan assets at fair value, end of year | $ | 224,553 |  |  | $ | 213,282 |  |  | $ | 2,115 |  |  | $ | 2,535 |
Funded status: |  |  |  |  |  |  |
Funded status of the plans, end of year | $ | (64,355 | ) |  | $ | (46,646 | ) |  | $ | (38,748 | ) |  | $ | (39,311 | )
Funded Status In Consolidated Balance Sheets | The funded status of the Company’s plans at the end of fiscal years 2015 and 2014 was reported in the consolidated balance sheets as follows:
| Pension Benefits |  | Other Postretirement Benefits
| March 31, |  | March 31,
| 2015 |  | 2014 |  | 2015 |  | 2014
Non-current asset (included in other noncurrent assets) | $ | 1,900 |  |  | $ | 2,476 |  |  | $ | — |  |  | $ | — |
Current liability (included in accounts payable and accrued expenses) | (5,458 | ) |  | (764 | ) |  | (2,497 | ) |  | (2,587 | )
Non-current liability (reported as pensions and other postretirement benefits) | (60,797 | ) |  | (48,358 | ) |  | (36,251 | ) |  | (36,724 | )
Amounts recognized in the consolidated balance sheets | $ | (64,355 | ) |  | $ | (46,646 | ) |  | $ | (38,748 | ) |  | $ | (39,311 | )
Additional Information On Funded Status | Additional information on the funded status of the Company’s plans as of the respective measurement dates for the fiscal years ended March 31, 2015 and 2014, is as follows:
| Pension Benefits |  | Other Postretirement Benefits
| March 31, |  | March 31,
| 2015 |  | 2014 |  | 2015 |  | 2014
For plans with a projected benefit obligation in excess of plan assets: |  |  |  |  |  |  |
Aggregate projected benefit obligation (PBO) | $ | 283,070 |  |  | $ | 254,117 |  |  | $ | 40,863 |  |  | $ | 41,846 |
Aggregate fair value of plan assets | 216,815 |  |  | 204,995 |  |  | 2,115 |  |  | 2,535 |
For plans with an accumulated benefit obligation in excess of plan assets: |  |  |  |  |  |  |
Aggregate accumulated benefit obligation (ABO) | 281,354 |  |  | 243,496 |  |  | N/A |  |  | N/A |
Aggregate fair value of plan assets | 216,815 |  |  | 195,627 |  |  | N/A |  |  | N/A |
Components Of Company's Net Periodic Benefit Cost | The components of the Company’s net periodic benefit cost were as follows:
| Pension Benefits |  | Other Postretirement Benefits
| Fiscal Year Ended March 31, |  | Fiscal Year Ended March 31,
| 2015 |  | 2014 |  | 2013 |  | 2015 |  | 2014 |  | 2013
Components of net periodic benefit cost: |  |  |  |  |  |  |  |  |  |  |
Service cost | $ | 5,099 |  |  | $ | 5,190 |  |  | $ | 4,650 |  |  | $ | 347 |  |  | $ | 527 |  |  | $ | 467 |
Interest cost | 11,215 |  |  | 12,223 |  |  | 13,001 |  |  | 1,699 |  |  | 2,106 |  |  | 2,303 |
Expected return on plan assets | (15,493 | ) |  | (14,218 | ) |  | (14,632 | ) |  | (102 | ) |  | (119 | ) |  | (124 | )
Curtailment gain | — |  |  | — |  |  | — |  |  | (1,465 | ) |  | — |  |  | — |
Settlement cost | — |  |  | 1,094 |  |  | 3,304 |  |  | — |  |  | — |  |  | — |
Net amortization and deferral | 6,169 |  |  | 6,779 |  |  | 10,299 |  |  | (671 | ) |  | (5 | ) |  | (8 | )
Net periodic benefit cost | $ | 6,990 |  |  | $ | 11,068 |  |  | $ | 16,622 |  |  | $ | (192 | ) |  | $ | 2,509 |  |  | $ | 2,638 |
Recognized In Accumulated Other Comprehensive Income (Loss) On Pretax Basis | The amounts recognized in other comprehensive income or loss for fiscal years 2015 and 2014 and the amounts included in accumulated other comprehensive loss at the end of those fiscal years are shown below. All amounts shown are before allocated income taxes.
| Pension Benefits |  | Other Postretirement Benefits
| March 31, |  | March 31,
| 2015 |  | 2014 |  | 2015 |  | 2014
Change in net actuarial loss (gain): |  |  |  |  |  |  |
Net actuarial loss (gain), beginning of year | $ | 70,488 |  |  | $ | 93,357 |  |  | $ | (9,952 | ) |  | $ | (3,918 | )
Losses (gains) arising during the year | 23,353 |  |  | (12,834 | ) |  | 2,879 |  |  | (6,039 | )
Reclassification adjustments during the year | (12,297 | ) |  | (10,035 | ) |  | 671 |  |  | 5 |
Net actuarial loss (gain), end of year | 81,544 |  |  | 70,488 |  |  | (6,402 | ) |  | (9,952 | )
Change in prior service cost (benefit): |  |  |  |  |  |  |
Prior service cost (benefit), beginning of year | (22,998 | ) |  | (2,617 | ) |  | — |  |  | 226 |
Prior service cost (benefit) arising during the year | (675 | ) |  | (22,145 | ) |  | — |  |  | — |
Reclassification adjustments during the year | 6,043 |  |  | 1,764 |  |  | — |  |  | (226 | )
Prior service cost (benefit), end of year | (17,630 | ) |  | (22,998 | ) |  | — |  |  | — |
Total amounts in accumulated other comprehensive loss at end of year, before income taxes | $ | 63,914 |  |  | $ | 47,490 |  |  | $ | (6,402 | ) |  | $ | (9,952 | )
Weighted-Average Target Pension Asset Allocation And Target Ranges By Major Asset Category | The weighted–average target pension asset allocation and target ranges at the March 31, 2015 measurement date and the actual asset allocations at the March 31, 2015 and 2014 measurement dates by major asset category were as follows:
|  |  |  |  |  |  | Actual Allocation
| Target Allocation |  |  |  |  |  | March 31,
Major Asset Category |  | Range |  | 2015 |  | 2014
Equity securities | 26.0 | % |  | 16 | % | - | 36% |  | 25.3 | % |  | 48.3 | %
Fixed income securities (1) | 69.0 | % |  | 59 | % | - | 79% |  | 69.1 | % |  | 41.3 | %
Alternative investments | 5.0 | % |  | 0 | % | - | 10% |  | 5.6 | % |  | 10.4 | %
Total | 100.0 | % |  |  |  |  |  | 100.0 | % |  | 100.0 | %
Estimated Future Benefit Payments | Estimated future benefit payments to be made from the Company’s plans are as follows:
Fiscal Year | Pension Benefits |  | Other Postretirement Benefits
2016 | $ | 19,297 |  |  | $ | 2,925 |
2017 | 21,040 |  |  | 2,944 |
2018 | 16,957 |  |  | 2,880 |
2019 | 19,853 |  |  | 2,921 |
2020 | 16,875 |  |  | 2,904 |
2021 - 2025 | 88,195 |  |  | 13,789 |
Fair Values Of The Assets Under Fair Value Hierarchy | Fair values of the assets of the Company’s pension plans as of March 31, 2015 and 2014, classified based on how their values were determined under the fair value hierarchy are as follows:
| March 31, 2015
| Level 1 |  | Level 2 |  | Level 3 |  | Total
Equity securities | $ | 51,300 |  |  | $ | — |  |  | $ | — |  |  | $ | 51,300 |
Fixed income securities (1) | 141,655 |  |  | 7,738 |  |  | 12,424 |  |  | 161,817 |
Alternative investments | — |  |  | — |  |  | 11,436 |  |  | 11,436 |
Total investments | $ | 192,955 |  |  | $ | 7,738 |  |  | $ | 23,860 |  |  | $ | 224,553 |
| March 31, 2014
| Level 1 |  | Level 2 |  | Level 3 |  | Total
Equity securities | $ | 93,229 |  |  | $ | — |  |  | $ | — |  |  | $ | 93,229 |
Fixed income securities (1) | 80,567 |  |  | 8,287 |  |  | 11,266 |  |  | 100,120 |
Alternative investments | — |  |  | — |  |  | 19,933 |  |  | 19,933 |
Total investments | $ | 173,796 |  |  | $ | 8,287 |  |  | $ | 31,199 |  |  | $ | 213,282 |

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- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(5) -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920 + Details
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- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (k) -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920 + Details
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- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e2417-114920 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=34716465&loc=d3e4179-114921 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e2439-114920 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e2410-114920 + Details
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- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of net funded status of pension plans and/or other employee benefit plans. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920 + Details
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