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Income Taxes (Tables) | 12 Months Ended
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Mar. 31, 2020
Income Tax Disclosure [Abstract] |
Schedule Of Components of Income Tax Expense | Income taxes for the fiscal years ended March 31, 2020, 2019, and 2018 consisted of the following:
| Fiscal Year Ended March 31,
| 2020 |  | 2019 |  | 2018
Current |  |  |  |  |
United States | $ | 2,001 |  |  | $ | (2,639 | ) |  | $ | 1,110 |
State and local | 92 |  |  | 377 |  |  | 175 |
Foreign | 41,892 |  |  | 39,578 |  |  | 60,356 |
| 43,985 |  |  | 37,316 |  |  | 61,641 |
Deferred |  |  |  |  |
United States | 3,735 |  |  | 5,713 |  |  | (20,052 | )
State and local | (16 | ) |  | (4 | ) |  | 68 |
Foreign | (12,416 | ) |  | (1,837 | ) |  | 8,852 |
| (8,697 | ) |  | 3,872 |  |  | (11,132 | )
Total | $ | 35,288 |  |  | $ | 41,188 |  |  | $ | 50,509 |
Foreign taxes include any applicable U.S. tax expense on the earnings of foreign subsidiaries.
Schedule Of Effective Income Tax Rate Reconciliation | A reconciliation of the U.S. federal statutory tax rate to the Company’s effective income tax rate is as follows:
| Fiscal Year Ended March 31,
| 2020 |  | 2019 |  | 2018
U.S. federal statutory tax rate | 21.0 | % |  | 21.0 | % |  | 31.5 | %
State income taxes, net of federal benefit | 0.1 |  |  | 0.2 |  |  | 0.1 |
Dividends received from deconsolidated operations | — |  |  | — |  |  | (1.4 | )
Foreign earnings taxed at rates other than the U.S. federal statutory tax rate | (2.0 | ) |  | 7.1 |  |  | 2.8 |
Foreign dividend withholding taxes | 5.1 |  |  | 3.7 |  |  | (0.2 | )
Reversal of dividend withholding tax due to foreign subsidiary tax holiday | — |  |  | (5.1 | ) |  | — |
Effects of new tax law: |  |  |  |  |
Adjustment of deferred tax assets and liabilities to lower tax rate | — |  |  | — |  |  | 4.6 |
Reduction of U.S. tax liability on undistributed foreign earnings to amounts payable under one-time transition tax | — |  |  | — |  |  | (8.3 | )
Changes in uncertain tax positions | 5.6 |  |  | 1.4 |  |  | 0.8 |
Other | 1.3 |  |  | (1.1 | ) |  | 0.4 |
Effective income tax rate | 31.1 | % |  | 27.2 | % |  | 30.3 | %
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,
| 2020 |  | 2019 |  | 2018
United States | $ | 22,916 |  |  | $ | 37,478 |  |  | $ | 10,442 |
Foreign | 90,375 |  |  | 113,844 |  |  | 156,235 |
Total | $ | 113,291 |  |  | $ | 151,322 |  |  | $ | 166,677 |
Schedule Of Deferred Tax Assets and Liabilities | Significant components of deferred tax liabilities and assets were as follows:
| March 31,
| 2020 |  | 2019
Liabilities |  |  |
Foreign withholding taxes | $ | 19,870 |  |  | $ | 20,659 |
Property, plant and equipment | 10,078 |  |  | 4,627 |
Undistributed earnings | 7,298 |  |  | 6,579 |
Operating lease right-of-use assets | 9,877 |  |  | — |
Goodwill and other intangible assets | 23,435 |  |  | 19,529 |
All other | 4,813 |  |  | 2,461 |
Total deferred tax liabilities | $ | 75,371 |  |  | $ | 53,855 |
Assets |  |  |
Employee benefit plans | $ | 22,773 |  |  | $ | 20,467 |
Reserves and accruals | 7,708 |  |  | 7,898 |
Deferred income | 4,833 |  |  | 3,829 |
Operating lease right-of-use liabilities | 9,650 |  |  | — |
Currency translation losses of foreign subsidiaries | 2,173 |  |  | 1,993 |
Local currency exchange losses of foreign subsidiaries | 8,360 |  |  | 1,252 |
Interest rate swap | 7,284 |  |  | 248 |
All other | 7,464 |  |  | 4,739 |
Total deferred tax assets | 70,245 |  |  | 40,426 |
Valuation allowance | (3,394 | ) |  | (1,798 | )
Net deferred tax assets | $ | 66,851 |  |  | $ | 38,628 |
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 and other comprehensive income was as follows:
| Fiscal Year Ended March 31,
| 2020 |  | 2019 |  | 2018
Continuing operations | $ | 35,288 |  |  | $ | 41,188 |  |  | $ | 50,509 |
Other comprehensive income (loss) | (14,392 | ) |  | (5,390 | ) |  | 23,471 |
Total | $ | 20,896 |  |  | $ | 35,798 |  |  | $ | 73,980 |
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 is as follows:
| Fiscal Year Ended March 31,
| 2020 |  | 2019 |  | 2018
Liability for uncertain tax positions, beginning of year | $ | 5,625 |  |  | $ | 3,673 |  |  | $ | 2,426 |
Additions: |  |  |  |  |
Related to tax positions for the current year | 1,746 |  |  | 85 |  |  | 107 |
Related to tax positions for prior years | 4,369 |  |  | 2,169 |  |  | 1,310 |
Reductions: |  |  |  |  |
Due to lapses of statutes of limitations | (81 | ) |  | (90 | ) |  | (104 | )
Due to tax settlements | (8,948 | ) |  | — |  |  | — |
Effect of currency rate changes | (334 | ) |  | (212 | ) |  | (66 | )
Liability for uncertain tax positions, end of year | $ | 2,377 |  |  | $ | 5,625 |  |  | $ | 3,673 |

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- Definition Tabular disclosure for 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 and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32840-109319 + Details
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