XML 53 R36.htm IDEA: XBRL DOCUMENT
v3.23.1

RETIREMENT PLANS (Tables) | 12 Months Ended
--- | ---
Mar. 31, 2023
Retirement Benefits [Abstract] |
Schedule of Net Pension Costs | The following tables set forth the Retirement Restoration Plan’s net pension benefit and benefit obligation amounts at March 31, 2023, 2022 and 2021, as well as amounts recognized in our Consolidated Statements of Assets and Liabilities at March 31, 2023 and 2022 (amounts in thousands):
| Years ended March 31,
| 2023 |  | 2022 |  | 2021
Net pension cost |  |  |  |  |
Interest cost on projected benefit obligation | $ | 90 |  |  | $ | 79 |  |  | $ | 96 |
Net amortization | 33 |  |  | 37 |  |  | 35 |
Net pension cost from restoration plan | $ | 123 |  |  | $ | 116 |  |  | $ | 131 |
| Years ended March 31,
| 2023 |  | 2022 |  | 2021
Change in benefit obligation |  |  |  |  |
Benefit obligation at beginning of year | $ | 2,707 |  |  | $ | 2,979 |  |  | $ | 3,082 |
Interest cost | 90 |  |  | 79 |  |  | 96 |
Actuarial (gain) loss | (2,052) |  |  | (104) |  |  | 42 |
Benefits paid | (147) |  |  | (247) |  |  | (241) |
Benefit obligation at end of year | $ | 598 |  |  | $ | 2,707 |  |  | $ | 2,979 |
| Years ended March 31,
| 2023 |  | 2022
Amounts recognized in our Consolidated Statements of Assets and Liabilities |  |  |
Projected benefit obligation | $ | (598) |  |  | $ | (2,707) |
Net actuarial (gain) loss recognized as a component of equity | (1,128) |  |  | 957 |
Total | $ | (1,726) |  |  | $ | (1,750) |
Accumulated benefit obligation | $ | (598) |  |  | $ | (2,707) |
Schedule of Changes in Benefit Obligation | The following tables set forth the Retirement Restoration Plan’s net pension benefit and benefit obligation amounts at March 31, 2023, 2022 and 2021, as well as amounts recognized in our Consolidated Statements of Assets and Liabilities at March 31, 2023 and 2022 (amounts in thousands):
| Years ended March 31,
| 2023 |  | 2022 |  | 2021
Net pension cost |  |  |  |  |
Interest cost on projected benefit obligation | $ | 90 |  |  | $ | 79 |  |  | $ | 96 |
Net amortization | 33 |  |  | 37 |  |  | 35 |
Net pension cost from restoration plan | $ | 123 |  |  | $ | 116 |  |  | $ | 131 |
| Years ended March 31,
| 2023 |  | 2022 |  | 2021
Change in benefit obligation |  |  |  |  |
Benefit obligation at beginning of year | $ | 2,707 |  |  | $ | 2,979 |  |  | $ | 3,082 |
Interest cost | 90 |  |  | 79 |  |  | 96 |
Actuarial (gain) loss | (2,052) |  |  | (104) |  |  | 42 |
Benefits paid | (147) |  |  | (247) |  |  | (241) |
Benefit obligation at end of year | $ | 598 |  |  | $ | 2,707 |  |  | $ | 2,979 |
| Years ended March 31,
| 2023 |  | 2022
Amounts recognized in our Consolidated Statements of Assets and Liabilities |  |  |
Projected benefit obligation | $ | (598) |  |  | $ | (2,707) |
Net actuarial (gain) loss recognized as a component of equity | (1,128) |  |  | 957 |
Total | $ | (1,726) |  |  | $ | (1,750) |
Accumulated benefit obligation | $ | (598) |  |  | $ | (2,707) |
Schedule of Amounts Recognized in Consolidated Statements of Assets and Liabilities | The following tables set forth the Retirement Restoration Plan’s net pension benefit and benefit obligation amounts at March 31, 2023, 2022 and 2021, as well as amounts recognized in our Consolidated Statements of Assets and Liabilities at March 31, 2023 and 2022 (amounts in thousands):
| Years ended March 31,
| 2023 |  | 2022 |  | 2021
Net pension cost |  |  |  |  |
Interest cost on projected benefit obligation | $ | 90 |  |  | $ | 79 |  |  | $ | 96 |
Net amortization | 33 |  |  | 37 |  |  | 35 |
Net pension cost from restoration plan | $ | 123 |  |  | $ | 116 |  |  | $ | 131 |
| Years ended March 31,
| 2023 |  | 2022 |  | 2021
Change in benefit obligation |  |  |  |  |
Benefit obligation at beginning of year | $ | 2,707 |  |  | $ | 2,979 |  |  | $ | 3,082 |
Interest cost | 90 |  |  | 79 |  |  | 96 |
Actuarial (gain) loss | (2,052) |  |  | (104) |  |  | 42 |
Benefits paid | (147) |  |  | (247) |  |  | (241) |
Benefit obligation at end of year | $ | 598 |  |  | $ | 2,707 |  |  | $ | 2,979 |
| Years ended March 31,
| 2023 |  | 2022
Amounts recognized in our Consolidated Statements of Assets and Liabilities |  |  |
Projected benefit obligation | $ | (598) |  |  | $ | (2,707) |
Net actuarial (gain) loss recognized as a component of equity | (1,128) |  |  | 957 |
Total | $ | (1,726) |  |  | $ | (1,750) |
Accumulated benefit obligation | $ | (598) |  |  | $ | (2,707) |
Schedule of Assumptions Used | The following assumptions were used in estimating the actuarial present value of the projected benefit obligations:
| Years ended March 31,
| 2023 |  | 2022 |  | 2021
Discount rate | 5.00 | % |  | 3.50 | % |  | 2.75 | %
The following assumptions were used in estimating the net periodic (income)/expense:
| Years ended March 31,
| 2023 |  | 2022 |  | 2021
Discount rate | 3.50 | % |  | 2.75 | % |  | 3.25 | %
Schedule of Expected Benefit Payments | Following are the expected benefit payments for the next five years and in the aggregate for the years 2029-2033 (amounts in thousands):
| 2024 |  | 2025 |  | 2026 |  | 2027 |  | 2028 |  | 2029-2033
Restoration Plan | $ | 47 |  |  | $ | 47 |  |  | $ | 47 |  |  | $ | 46 |  |  | $ | 46 |  |  | $ | 221 |

X
- References No definition available. + Details
Name: | us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefit obligations including accumulated benefit obligation and projected benefit obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAccumulatedAndProjectedBenefitObligationsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (k) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in the benefit obligation of pension plans and/or other employee benefit plans from the beginning to the end of the period, showing separately, if applicable, the effects of the following: service cost, interest cost, contributions by plan participants, actuarial gains and losses, foreign currency exchange rate changes, benefits paid, plan amendments, business combinations, divestitures, curtailments, settlements, and special and contractual termination benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfChangesInProjectedBenefitObligationsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the costs related to the various types of retirement plans including defined benefit pension plan cost, defined contribution plan cost, other postretirement benefit plan cost, and net periodic benefit cost. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfCostsOfRetirementPlansTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration