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Income Taxes (Tables)

12 Months Ended

Mar. 31, 2016

Income Tax Disclosure [Abstract]

Schedule Of Components of Income Tax Expense

Income taxes for the fiscal years ended March 31, 2016, 2015, and 2014 consisted of the following: 

	Fiscal Year Ended March 31,
	2016				2015				2014
Current
United States	$	5,371			$	4,126			$	1,433
State and local	1,116				657				507
Foreign	32,897				46,885				75,770
	39,384				51,668				77,710
Deferred
United States	5,780				3,352				1,686
State and local	(445		)		159				275
Foreign	9,711				(17,173		)		(4,136		)
	15,046				(13,662		)		(2,175		)
Total	$	54,430			$	38,006			$	75,535

Schedule Of Effective Income Tax Rate Reconciliation

A reconciliation of the statutory U.S. federal rate to the Company’s effective income tax rate is as follows:

	Fiscal Year Ended March 31,
	2016			2015			2014
Statutory tax rate	35.0	%		35.0	%		35.0	%
State income taxes, net of federal benefit	0.3			0.3			0.2
Dividends received from deconsolidated operations	(1.5	)		(1.3	)		(0.9	)
Effect of exchange rate changes on deferred income taxes	(1.6	)		(4.9	)		(1.0	)
Tax benefit arising from payment of a portion of a fine by a subsidiary	—			(5.0	)		—
Other, including changes in liabilities recorded for uncertain tax positions	(0.7	)		(0.1	)		(0.6	)
Effective income tax rate	31.5	%		24.0	%		32.7	%

Schedule Of U.S. And Foreign Components Of Income Before Income Taxes And Other Items

The U.S. and foreign components of income before income taxes were as follows:

	Fiscal Year Ended March 31,
	2016				2015				2014
United States	$	37,877			$	27,181			$	9,156
Foreign	134,701				131,286				221,534
Total	$	172,578			$	158,467			$	230,690

Schedule Of Deferred Tax Assets and Liabilities

Significant components of deferred tax liabilities and assets were as follows:  

	March 31,
	2016				2015
Liabilities
Foreign withholding taxes	$	39,770			$	34,339
Undistributed earnings	19,553				14,510
Goodwill	30,851				30,851
All other	10,424				8,922
Total deferred tax liabilities	$	100,598			$	88,622
Assets
Employee benefit plans	$	43,362			$	50,977
Reserves and accruals	12,911				14,039
Deferred income	3,938				5,387
Currency translation losses of foreign subsidiaries	9,939				12,167
Local currency exchange losses of foreign subsidiaries	3,597				10,674
Foreign tax credit carryforward	4,664				—
All other	16,546				9,607
Total deferred tax assets	94,957				102,851
Valuation allowance	—				(629		)
Net deferred tax assets	$	94,957			$	102,222

Schedule Of Combined Income Tax Expense (Benefit) Allocable To Continuing Operations, Other Comprehensive Income, And Adjustments To Shareholders' Equity

The combined income tax expense (benefit) allocable to continuing operations, other comprehensive income, and direct adjustments to shareholders' equity was as follows:

	Fiscal Year Ended March 31,
	2016				2015				2014
Continuing operations	$	54,430			$	38,006			$	75,535
Other comprehensive income	1,423				(21,900		)		22,190
Direct adjustments to shareholders' equity	(805		)		(932		)		(972		)
Total	$	55,048			$	15,174			$	96,753

Reconciliation Of The Gross Liability For Uncertain Tax Positions

A reconciliation of the beginning and ending balance of the gross liability for uncertain tax positions for the fiscal years ended March 31, 2016, 2015 and 2014, is as follows:

	Fiscal Year Ended March 31,
	2016				2015				2014
Liability for uncertain tax positions, beginning of year	$	2,894			$	3,809			$	5,385
Additions:
Related to tax positions for the current year	98				272				194
Related to tax positions for prior years	—				—				168
Reductions:
Due to lapses of statutes of limitations	(215		)		(478		)		(1,776		)
Related to tax positions for prior years	—				(143		)		—
Effect of currency rate movement	(370		)		(566		)		(162		)
Liability for uncertain tax positions, end of year	$	2,407			$	2,894			$	3,809

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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