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v3.25.1

RETIREMENT PLANS (Tables) | 12 Months Ended
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Mar. 31, 2025
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 for the years ended March 31, 2025, 2024 and 2023, as well as amounts recognized in our Consolidated Statements of Assets and Liabilities at March 31, 2025 and 2024 (amounts in thousands):
| Years ended March 31,
| 2025 |  | 2024 |  | 2023
Net pension cost |  |  |  |  |
Interest cost on projected benefit obligation | $ | 28 |  |  | $ | 28 |  |  | $ | 90 |
Net amortization | (47) |  |  | (47) |  |  | 33 |
Net pension cost from restoration plan | $ | (19) |  |  | $ | (19) |  |  | $ | 123 |
| Years ended March 31,
| 2025 |  | 2024 |  | 2023
Change in benefit obligation |  |  |  |  |
Benefit obligation at beginning of year | $ | 570 |  |  | $ | 598 |  |  | $ | 2,707 |
Interest cost | 28 |  |  | 28 |  |  | 90 |
Actuarial gain | 4 |  |  | (9) |  |  | (2,052) |
Benefits paid | (47) |  |  | (47) |  |  | (147) |
Benefit obligation at end of year | $ | 555 |  |  | $ | 570 |  |  | $ | 598 |
| Years ended March 31,
| 2025 |  | 2024
Amounts recognized in our Consolidated Statements of Assets and Liabilities |  |  |
Projected benefit obligation | $ | (555) |  |  | $ | (570) |
Net actuarial gain recognized as a component of equity | (1,038) |  |  | (1,090) |
Total | $ | (1,593) |  |  | $ | (1,660) |
Accumulated benefit obligation | $ | (555) |  |  | $ | (570) |
Schedule of Changes in Benefit Obligation | The following tables set forth the Retirement Restoration Plan’s net pension benefit and benefit obligation amounts for the years ended March 31, 2025, 2024 and 2023, as well as amounts recognized in our Consolidated Statements of Assets and Liabilities at March 31, 2025 and 2024 (amounts in thousands):
| Years ended March 31,
| 2025 |  | 2024 |  | 2023
Net pension cost |  |  |  |  |
Interest cost on projected benefit obligation | $ | 28 |  |  | $ | 28 |  |  | $ | 90 |
Net amortization | (47) |  |  | (47) |  |  | 33 |
Net pension cost from restoration plan | $ | (19) |  |  | $ | (19) |  |  | $ | 123 |
| Years ended March 31,
| 2025 |  | 2024 |  | 2023
Change in benefit obligation |  |  |  |  |
Benefit obligation at beginning of year | $ | 570 |  |  | $ | 598 |  |  | $ | 2,707 |
Interest cost | 28 |  |  | 28 |  |  | 90 |
Actuarial gain | 4 |  |  | (9) |  |  | (2,052) |
Benefits paid | (47) |  |  | (47) |  |  | (147) |
Benefit obligation at end of year | $ | 555 |  |  | $ | 570 |  |  | $ | 598 |
| Years ended March 31,
| 2025 |  | 2024
Amounts recognized in our Consolidated Statements of Assets and Liabilities |  |  |
Projected benefit obligation | $ | (555) |  |  | $ | (570) |
Net actuarial gain recognized as a component of equity | (1,038) |  |  | (1,090) |
Total | $ | (1,593) |  |  | $ | (1,660) |
Accumulated benefit obligation | $ | (555) |  |  | $ | (570) |
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 for the years ended March 31, 2025, 2024 and 2023, as well as amounts recognized in our Consolidated Statements of Assets and Liabilities at March 31, 2025 and 2024 (amounts in thousands):
| Years ended March 31,
| 2025 |  | 2024 |  | 2023
Net pension cost |  |  |  |  |
Interest cost on projected benefit obligation | $ | 28 |  |  | $ | 28 |  |  | $ | 90 |
Net amortization | (47) |  |  | (47) |  |  | 33 |
Net pension cost from restoration plan | $ | (19) |  |  | $ | (19) |  |  | $ | 123 |
| Years ended March 31,
| 2025 |  | 2024 |  | 2023
Change in benefit obligation |  |  |  |  |
Benefit obligation at beginning of year | $ | 570 |  |  | $ | 598 |  |  | $ | 2,707 |
Interest cost | 28 |  |  | 28 |  |  | 90 |
Actuarial gain | 4 |  |  | (9) |  |  | (2,052) |
Benefits paid | (47) |  |  | (47) |  |  | (147) |
Benefit obligation at end of year | $ | 555 |  |  | $ | 570 |  |  | $ | 598 |
| Years ended March 31,
| 2025 |  | 2024
Amounts recognized in our Consolidated Statements of Assets and Liabilities |  |  |
Projected benefit obligation | $ | (555) |  |  | $ | (570) |
Net actuarial gain recognized as a component of equity | (1,038) |  |  | (1,090) |
Total | $ | (1,593) |  |  | $ | (1,660) |
Accumulated benefit obligation | $ | (555) |  |  | $ | (570) |
Schedule of Assumptions Used | The following assumptions were used in estimating the actuarial present value of the projected benefit obligations:
| Years ended March 31,
| 2025 |  | 2024 |  | 2023
Discount rate | 5.25 | % |  | 5.25 | % |  | 5.00 | %
The following assumptions were used in estimating the net periodic (income)/expense:
| Years ended March 31,
| 2025 |  | 2024 |  | 2023
Discount rate | 5.25 | % |  | 5.00 | % |  | 3.50 | %
Schedule of Expected Benefit Payments | Following are the expected benefit payments for the next five years and in the aggregate for the years 2031-2035 (amounts in thousands):
| 2026 |  | 2027 |  | 2028 |  | 2029 |  | 2030 |  | 2031-2035
Restoration Plan | $ | 47 |  |  | $ | 47 |  |  | $ | 46 |  |  | $ | 46 |  |  | $ | 46 |  |  | $ | 217 |

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