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Employee Benefit Plans (Tables)

12 Months Ended

Mar. 31, 2023

Compensation Related Costs [Abstract]

Schedule of Net Periodic Benefit Costs

The net periodic benefit cost of the defined benefit pension plans and the non-retirement post-employment benefit obligations for fiscal years 2023, 2022 and 2021 was as follows (in thousands):

						Years Ended March 31,
						2023						2022						2021
Service costs						$	13,195					$	14,693					$	12,121
Interest costs						2,408						920						1,047
Expected return on plan assets						(3,754)						(2,930)						(2,535)
Amortization:
Net prior service credit recognized						(458)						(465)						(467)
Net actuarial loss (gain) recognized						(3,047)						(2,158)						2,144
Curtailment gain						(4,225)						—						—
Settlement gain						(339)						—						—
Total net periodic benefit cost						$	3,780					$	10,060					$	12,310

Schedule of Changes in Projected Benefit Obligations

The changes in projected benefit obligations for fiscal years 2023 and 2022 were as follows (in thousands):

						Years Ended March 31,
						2023						2022
Projected benefit obligations, beginning of the year						$	207,551					$	202,348
Service costs						13,195						14,693
Interest costs						2,408						920
Plan participant contributions						6,870						6,092
Actuarial gain						(22,965)						(31,198)
Benefits paid						(2,646)						(3,904)
Transfer of prior vested benefits						11,579						14,963
Settlement						(15,348)						—
Curtailment						(3,923)						—
Administrative expense paid						(147)						(130)
Currency exchange rate changes						(1,238)						3,767
Projected benefit obligations, end of the year						$	195,336					$	207,551

Schedule of Changes in the Fair Value of Defined Benefit Pension Plan Assets

The following table presents the changes in the fair value of defined benefit pension plan assets for fiscal years 2023 and 2022 (in thousands):

						Years Ended March 31,
						2023						2022
Fair value of plan assets, beginning of the year						$	156,118					$	128,061
Actual return on plan assets						(6,008)						(2,156)
Employer contributions						11,645						10,877
Plan participant contributions						6,870						6,092
Benefits paid						(2,646)						(3,904)
Transfer of prior vested benefits						11,579						14,963
Settlement						(15,348)						—
Administrative expenses paid						(147)						(130)
Currency exchange rate changes						536						2,315
Fair value of plan assets, end of the year						$	162,599					$	156,118

Schedule of Fair Value of the Defined Benefit Pension Plan Assets by Major Categories and by Levels within the Fair Value Hierarchy

The following tables present the fair value of the defined benefit pension plan assets by major categories and by levels within the fair value hierarchy as of March 31, 2023 and 2022 (in thousands):

						March 31,
						2023																		2022
						Level 1						Level 2												Total						Level 1						Level 2												Total
Cash and cash equivalents						$	7,071					$	—											$	7,071					$	16,317					$	—											$	16,317
Equity securities						51,963						—												51,963						48,591						—												48,591
Debt securities						43,493						—												43,493						38,513						—												38,513
Real estate funds						21,197						23,710												44,907						25,146						13,077												38,223
Hedge funds						606						7,907												8,513						—						8,076												8,076
Other						6,248						404												6,652						6,034						364												6,398
Total fair value of plan assets						$	130,578					$	32,021											$	162,599					$	134,601					$	21,517											$	156,118

Schedule of Net Funded Status

The funded status of the plans was as follows (in thousands):

						Years Ended March 31,
						2023						2022
Fair value of plan assets						$	162,599					$	156,118
Less: projected benefit obligations						195,336						207,551
Underfunded status						$	(32,737)					$	(51,433)

Schedule of Amounts Recognized on the Balance Sheet for the Plans

Amounts recognized on the balance sheets for the plans were as follows (in thousands):

						March 31,
						2023						2022
Current liabilities						$	1,407					$	1,677
Non-current liabilities						31,330						49,756
Total liabilities						$	32,737					$	51,433

Schedule of Amounts Recognized in Accumulated Other Comprehensive Loss

Amounts recognized in accumulated other comprehensive income (loss) related to defined benefit pension plans were as follows (in thousands):

						March 31,
						2023						2022
Net prior service credits						$	2,201					$	2,883
Net actuarial gain (loss)						5,690						(4,304)
Accumulated other comprehensive income (loss)						7,891						(1,421)
Deferred taxes						(3,366)						(2,074)
Accumulated other comprehensive income (loss), net of tax						$	4,525					$	(3,495)

Schedule of Actuarial Assumptions for the Pension Plans

The actuarial assumptions for the defined benefit plans were as follows:

						Years Ended March 31,
						2023						2022
Benefit Obligations:
Discount rate						1.00% - 7.25%						1.00% - 6.75%
Estimated rate of compensation increase						2.25% - 10.00%						2.00% - 10.00%
Cash balance interest credit rate						0.00% - 1.75%						0.00% - 1.75%

						Years Ended March 31,
						2023						2022						2021
Net Periodic Costs:
Discount rate						0.50% - 6.75%						0.25% - 6.00%						0.50% - 6.75%
Estimated rate of compensation increase						2.00% - 10.00%						2.00% - 10.00%						2.25% - 10.00%
Expected average rate of return on plan assets						1.00% - 2.50%						1.00% - 2.25%						1.00% - 2.50%
Cash balance interest credit rate						0.00% - 1.75%						0.00% - 1.75%						0.00% - 1.75%

Schedule of Expected Benefit Payments

The following table reflects the benefit payments that the Company expects the plans to pay in the periods noted (in thousands):

Years Ending March 31,
2024						$	26,765
2025						11,728
2026						12,046
2027						14,440
2028						12,772
Next five fiscal years						66,302
Total expected benefit payments by the plan						$	144,053

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