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Accumulated Other Comprehensive Loss (Tables) | 12 Months Ended
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Mar. 31, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Schedule of Accumulated Other Comprehensive Income (Loss) | The components of accumulated other comprehensive loss is as follows:
|  | March 31,
|  | 2022 |  | 2021
Foreign currency translation adjustment – net of tax |  | $ | (28,080) |  |  | $ | (21,776) |
Pension liability – net of tax |  | (21,794) |  |  | (38,081) |
Postretirement obligations – net of tax |  | 1,836 |  |  | 1,989 |
Split-dollar life insurance arrangements – net of tax |  | (1,084) |  |  | (1,264) |
Derivatives qualifying as hedges – net of tax |  | (777) |  |  | (854) |
Accumulated other comprehensive loss |  | $ | (49,899) |  |  | $ | (59,986) |
Changes in accumulated other comprehensive income by component are as follows (in thousands):
|  | March 31, 2022
|  |  | Retirement Obligations |  | Foreign Currency |  | Change in Derivatives Qualifying as Hedges |  | Total
Beginning balance net of tax |  |  | $ | (37,356) |  |  | $ | (21,776) |  |  | $ | (854) |  |  | (59,986) |
Other comprehensive income (loss) before reclassification |  |  | 15,398 |  |  | (6,303) |  |  | 5,922 |  |  | 15,017 |
Amounts reclassified from other comprehensive loss to net income |  |  | 915 |  |  | — |  |  | (5,845) |  |  | (4,930) |
Net current period other comprehensive (loss) income |  |  | 16,313 |  |  | (6,303) |  |  | 77 |  |  | 10,087 |
Ending balance net of tax |  |  | $ | (21,043) |  |  | $ | (28,079) |  |  | $ | (777) |  |  | $ | (49,899) |
|  | March 31, 2021
|  |  | Retirement Obligations |  | Foreign Currency |  | Change in Derivatives Qualifying as Hedges |  | Total
Beginning balance net of tax |  |  | $ | (79,041) |  |  | $ | (34,359) |  |  | $ | (950) |  |  | (114,350) |
Other comprehensive income (loss) before reclassification |  |  | 24,999 |  |  | 12,583 |  |  | (8,552) |  |  | 29,030 |
Amounts reclassified from other comprehensive loss to net income |  |  | 16,686 |  |  | — |  |  | 8,648 |  |  | 25,334 |
Net current period other comprehensive (loss) income |  |  | 41,685 |  |  | 12,583 |  |  | 96 |  |  | 54,364 |
Ending balance net of tax |  |  | $ | (37,356) |  |  | $ | (21,776) |  |  | $ | (854) |  |  | $ | (59,986) |
Reclassification out of Accumulated Other Comprehensive Income | Details of amounts reclassified out of accumulated other comprehensive loss for the year ended March 31, 2022 are as follows (in thousands):
Details of AOCL Components |  | Amount reclassified from AOCL |  | Affected line item on consolidated statement of operations
Net pension amount unrecognized |  |  |  |
|  | $ | 1,237 |  |  | (1)
|  | 1,237 |  |  | Total before tax
|  | (322) |  |  | Tax benefit
|  | $ | 915 |  |  | Net of tax
Change in derivatives qualifying as hedges |  |  |  |
|  | $ | 85 |  |  | Cost of products sold
|  | 2,868 |  |  | Interest expense
|  | (11,250) |  |  | Foreign currency
|  | (8,297) |  |  | Total before tax
|  | 2,452 |  |  | Tax benefit
|  | $ | (5,845) |  |  | Net of tax
(1)These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. (See Note 13 — Pensions and Other Benefit Plans for additional details.) Details of amounts reclassified out of accumulated other comprehensive loss for the year ended March 31, 2021 are as follows (in thousands):
Details of AOCL Components |  | Amount reclassified from AOCL |  | Affected line item on consolidated statement of operations
Net pension amount unrecognized |  |  |  |
|  | $ | 22,009 |  |  | (1)
|  | 22,009 |  |  | Total before tax
|  | (5,323) |  |  | Tax benefit
|  | $ | 16,686 |  |  | Net of tax
Change in derivatives qualifying as hedges |  |  |  |
|  | $ | (90) |  |  | Cost of products sold
|  | 1,585 |  |  | Interest expense
|  | 7,874 |  |  | Foreign currency
|  | 9,369 |  |  | Total before tax
|  | (721) |  |  | Tax benefit
|  | $ | 8,648 |  |  | Net of tax
(1)These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. (See Note 13 — Pensions and Other Benefit Plans for additional details.)

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