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Accumulated Other Comprehensive Loss (Tables) | 12 Months Ended
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Mar. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Schedule of Components of Accumulated Other Comprehensive (Loss) Income | The components of accumulated other comprehensive loss is as follows:
|  | March 31,
|  | 2024 |  | 2023
Foreign currency translation adjustment – net of tax |  | $ | (32,785) |  |  | $ | (32,352) |
Pension liability – net of tax |  | (12,924) |  |  | (13,736) |
Postretirement obligations – net of tax |  | 1,675 |  |  | 1,769 |
Split-dollar life insurance arrangements – net of tax |  | 553 |  |  | (833) |
Derivatives qualifying as hedges – net of tax |  | 3,804 |  |  | 7,109 |
Accumulated other comprehensive loss |  | $ | (39,677) |  |  | $ | (38,043) |
Changes in accumulated other comprehensive income by component are as follows (in thousands):
|  | March 31, 2024
|  |  | Retirement Obligations |  | Foreign Currency |  | Change in Derivatives Qualifying as Hedges |  | Total
Beginning balance net of tax |  |  | $ | (12,800) |  |  | $ | (32,352) |  |  | $ | 7,109 |  |  | (38,043) |
Other comprehensive income (loss) before reclassification |  |  | (1,979) |  |  | (433) |  |  | 6,907 |  |  | 4,495 |
Amounts reclassified from other comprehensive loss to net income |  |  | 4,083 |  |  | — |  |  | (10,212) |  |  | (6,129) |
Net current period other comprehensive (loss) income |  |  | 2,104 |  |  | (433) |  |  | (3,305) |  |  | (1,634) |
Ending balance net of tax |  |  | $ | (10,696) |  |  | $ | (32,785) |  |  | $ | 3,804 |  |  | $ | (39,677) |
|  | March 31, 2023
|  |  | Retirement Obligations |  | Foreign Currency |  | Change in Derivatives Qualifying as Hedges |  | Total
Beginning balance net of tax |  |  | $ | (21,043) |  |  | $ | (28,079) |  |  | $ | (777) |  |  | (49,899) |
Other comprehensive income (loss) before reclassification |  |  | 7,755 |  |  | (4,273) |  |  | 12,385 |  |  | 15,867 |
Amounts reclassified from other comprehensive loss to net income |  |  | 488 |  |  | — |  |  | (4,499) |  |  | (4,011) |
Net current period other comprehensive (loss) income |  |  | 8,243 |  |  | (4,273) |  |  | 7,886 |  |  | 11,856 |
Ending balance net of tax |  |  | $ | (12,800) |  |  | $ | (32,352) |  |  | $ | 7,109 |  |  | $ | (38,043) |
Schedule of Reclassification Out of Accumulated Other Comprehensive Loss | Details of amounts reclassified out of accumulated other comprehensive loss for the year ended March 31, 2024 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 |  |  |  |
|  | $ | 5,344 |  |  | (1)
|  | 5,344 |  |  | Total before tax
|  | (1,261) |  |  | Tax benefit
|  | $ | 4,083 |  |  | Net of tax
Change in derivatives qualifying as hedges |  |  |  |
|  | $ | 38 |  |  | Cost of products sold
|  | (12,861) |  |  | Interest expense
|  | (663) |  |  | Foreign currency
|  | (13,486) |  |  | Total before tax
|  | 3,274 |  |  | Tax benefit
|  | $ | (10,212) |  |  | 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, 2023 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 |  |  |  |
|  | $ | 652 |  |  | (1)
|  | 652 |  |  | Total before tax
|  | (164) |  |  | Tax benefit
|  | $ | 488 |  |  | Net of tax
Change in derivatives qualifying as hedges |  |  |  |
|  | $ | 267 |  |  | Cost of products sold
|  | (3,144) |  |  | Interest expense
|  | (3,096) |  |  | Foreign currency
|  | (5,973) |  |  | Total before tax
|  | 1,474 |  |  | Tax benefit
|  | $ | (4,499) |  |  | 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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