Accumulated Other Comprehensive Loss (Tables)

12 Months Ended

Mar. 31, 2014

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,
	2014			2013
Foreign currency translation adjustment – net of tax	$	5,272		$	2,205
Pension liability – net of tax	(46,271		)	(58,866		)
Postretirement obligations – net of tax	131			56
Split-dollar life insurance arrangements – net of tax	(1,837		)	(1,905		)
Derivatives qualifying as hedges – net of tax	(199		)	(453		)
Net unrealized investment gain – net of tax	1,768			2,808
Accumulated other comprehensive loss	$	(41,136	)	$	(56,155	)

The activity by year related to investments, including reclassification adjustments for activity included in earnings are as follows (all items shown net of tax):

	Year Ended March 31,
	2014			2013			2012
Net unrealized investment gain (loss) at beginning of year	$	2,808		$	2,580		$	1,379
Unrealized holdings gain arising during the period	395			725			1,358
Reclassification adjustments for gain included in earnings	(1,435		)	(497		)	(157		)
Net change in unrealized gain (loss) on investments	(1,040		)	228			1,201
Net unrealized investment gain at end of year	$	1,768		$	2,808		$	2,580

Changes in accumulated other comprehensive income by component for the year ended March 31, 2014 are as follows (in thousands):

	March 31, 2014
	Unrealized Investment Gain			Retirement Obligations			Foreign Currency		Change in Derivatives Qualifying as Hedges			Total
Beginning balance net of tax	$	2,808		$	(60,715	)	$	2,205	$	(453	)	$	(56,155	)
Other comprehensive income (loss) before reclassification	395			8,286			3,067		70			11,818
Amounts reclassified from other comprehensive loss	(1,435		)	4,452			—		184			3,201
Net current period other comprehensive (loss) income	(1,040		)	12,738			3,067		254			15,019
Ending balance	$	1,768		$	(47,977	)	$	5,272	$	(199	)	$	(41,136	)

Reclassification out of Accumulated Other Comprehensive Income

Details of amounts reclassified out of accumulated other comprehensive loss for the year ended March 31, 2014 are as follows (in thousands):

Details of AOCL Components	Amount reclassified from AOCL			Affected line item on condensed consolidated statement of operations and retained earnings
Unrealized gain on investments
	$	(2,208	)	Investment income
	(2,208		)	Total before tax
	773			Tax expense
	$	(1,435	)	Net of tax
Net amortization of prior service cost
	$	6,360		(1)
	6,360			Total before tax
	1,908			Tax benefit
	$	4,452		Net of tax
Change in derivatives qualifying as hedges
	$	263		Cost of products sold
	263			Total before tax
	79			Tax benefit
	$	184		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.)