XML 37 R20.htm IDEA: XBRL DOCUMENT
v3.23.1

RETIREMENT PLANS | 12 Months Ended
--- | ---
Mar. 31, 2023
Retirement Benefits [Abstract] |
RETIREMENT PLANS | RETIREMENT PLANS CSWC sponsors an unfunded Retirement Restoration Plan, which is a nonqualified plan. Unvested accrued benefits under the Retirement Restoration Plan were forfeited as of September 30, 2015. The Retirement Restoration Plan is a frozen plan under which no new service cost is being accrued by plan participants. 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) |
The corridor approach is used to amortize the actuarial gains or losses based on 10% of the projected benefit obligation. The increase in the actuarial gain in the current year was primarily due to the death of a retired participant in the Retirement Restoration Plan. 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 | %
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 The entire disclosure for retirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI https://asc.fasb.org/extlink&oid=123450688&loc=d3e4179-114921 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section S99 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=21916913&loc=d3e273930-122802 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(i) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (o) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (p) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 70 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=49170846&loc=d3e28014-114942 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI https://asc.fasb.org/topic&trid=2235017 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 60 -Section 50 -Paragraph 3 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=6414203&loc=d3e39689-114964 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(iv)(03) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (q) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (r)(1) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(iii) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (l) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (r)(2) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
Name: | us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration