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Employee Benefit Plans (Tables)
12 Months Ended
Mar. 31, 2025
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 2025, 2024 and 2023 was as follows (in thousands):
 Years Ended March 31,
 202520242023
Service costs$11,875 $11,479 $13,195 
Interest costs3,298 3,844 2,408 
Expected return on plan assets(7,671)(6,950)(3,754)
Amortization:
Net prior service cost (credit) recognized309 (500)(458)
Net actuarial loss (gain) recognized450 (179)(3,047)
Curtailment gain— — (4,225)
Settlement loss (gain)
— 922 (339)
Total net periodic benefit cost$8,261 $8,616 $3,780 
Schedule of Changes in Projected Benefit Obligations
The changes in projected benefit obligations for fiscal years 2025 and 2024 were as follows (in thousands):
 Years Ended March 31,
 20252024
Projected benefit obligations, beginning of the year$213,477 $195,336 
Service costs11,875 11,479 
Interest costs3,298 3,844 
Plan participant contributions6,676 6,731 
Actuarial loss
13,691 13,737 
Benefits paid (10,578)(2,405)
Transfer of prior vested benefits15,301 6,775 
Plan amendments909 380 
Settlement— (22,522)
Administrative expense paid(157)(158)
Currency exchange rate changes4,649 280 
Projected benefit obligations, end of the year$259,141 $213,477 
Schedule of Changes in the Fair Value of Defined Benefit Pension Plan Assets
The changes in the fair value of plan assets for fiscal years 2025 and 2024 were as follows (in thousands):
 Years Ended March 31,
 20252024
Fair value of plan assets, beginning of the year$170,640 $162,599 
Actual return on plan assets5,076 7,558 
Employer contributions10,351 10,888 
Plan participant contributions6,676 6,731 
Benefits paid
(10,578)(2,405)
Transfer of prior vested benefits15,301 6,775 
Settlement— (22,522)
Administrative expenses paid(157)(158)
Currency exchange rate changes4,150 1,174 
Fair value of plan assets, end of the year$201,459 $170,640 
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, 2025 and 2024 (in thousands):
 March 31,
 20252024
 Level 1Level 2TotalLevel 1Level 2Total
Cash and cash equivalents$21,202 $— $21,202 $14,375 $— $14,375 
Equity securities60,867 — 60,867 54,534 — 54,534 
Debt securities50,178 — 50,178 42,153 — 42,153 
Real estate funds44,906 6,833 51,739 32,286 10,141 42,427 
Hedge funds— 8,994 8,994 — 10,400 10,400 
Other8,005 474 8,479 6,335 416 6,751 
  Total fair value of plan assets$185,158 $16,301 $201,459 $149,683 $20,957 $170,640 
Schedule of Net Funded Status
The funded status of the plans was as follows (in thousands):
 Years Ended March 31,
 20252024
Fair value of plan assets$201,459 $170,640 
Less: projected benefit obligations259,141 213,477 
Underfunded status $(57,682)$(42,837)
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,
 20252024
Current liabilities$1,728 $1,391 
Non-current liabilities55,954 41,446 
  Total liabilities$57,682 $42,837 
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,
 20252024
Net prior service credits$820 $1,385 
Net actuarial loss(22,696)(6,445)
  Accumulated other comprehensive loss(21,876)(5,060)
Deferred taxes(3,400)(3,335)
  Accumulated other comprehensive loss, net of tax$(25,276)$(8,395)
Schedule of Actuarial Assumptions for the Pension Plans
The actuarial assumptions for the defined benefit plans were as follows:
 Years Ended March 31,
 20252024
Benefit Obligations:
Discount rate
1.20%- 6.50%
1.50% - 7.00%
Estimated rate of compensation increase
2.00% - 10.00%
2.25% - 10.00%
Cash balance interest credit rate
0.75% - 1.75%
0.50% - 1.75%
Years Ended March 31,
202520242023
Net Periodic Costs:
Discount rate
1.50% - 7.00%
1.50% - 7.25%
0.50% - 6.75%
Estimated rate of compensation increase
2.25% - 10.00%
2.25% - 10.00%
2.00% - 10.00%
Expected average rate of return on plan assets
1.00% - 5.25%
0.50% - 4.50%
1.00% - 2.50%
Cash balance interest credit rate
0.50% - 1.75%
0.50% - 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,
2026$14,523 
202716,691 
202814,645 
202914,802 
203014,616 
Next five fiscal years77,365 
Total expected benefit payments by the plan$152,642