Pension And Other Postretirement Benefit Plans (Tables)

12 Months Ended

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	Target Allocation		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