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SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS
12 Months Ended
Mar. 31, 2022
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS
SCHEDULE II
VALUATION AND QUALIFYING ACCOUNTS
(Dollars in Thousands)
DescriptionBalance at
Beginning
 of Year
Additions
Charged to
Expenses
Deductions (a)Balance
at End
 of Year
Total Allowance for Credit Losses:    
Year ended March 31, 2020:$864 $3,067 $(825)$3,106 
Year ended March 31, 2021 (b):$3,106 $7,374 $(2,302)$8,178 
Year ended March 31, 2022:$8,178 $1,997 $(3,658)$6,517 
(a) The deductions related to allowance for credit losses represent financial assets which were written off.
(b) In fiscal 2021, the Company adopted ASU 2016-13, Financial Instruments—Credit Losses. For the year ended March 31, 2021, Additions Charged to Expenses includes $2.8 million, which was the cumulative effect adjustment for the change in accounting principle to the opening balance of fiscal 2021 retained earnings.