Net Periodic Benefit Cost

3 Months Ended

Jun. 30, 2014

Compensation and Retirement Disclosure [Abstract]

Net Periodic Benefit Cost

Net Periodic Benefit Cost

The following table sets forth the components of net periodic pension cost for the Company’s defined benefit pension plans (in thousands):

	Three months ended
	June 30, 2014			June 30, 2013
Service costs	$	560		$	624
Interest cost	2,529			2,409
Expected return on plan assets	(3,549		)	(3,157		)
Net amortization	1,069			1,577
Net periodic pension cost	$	609		$	1,453

The Company currently plans to contribute approximately $11,000,000 to its pension plans in fiscal 2015.

The following table sets forth the components of net periodic postretirement benefit cost for the Company’s defined benefit postretirement plans (in thousands):

	Three months ended
	June 30, 2014		June 30, 2013
Interest cost	$	54	$	62
Amortization of plan net losses	19		21
Net periodic postretirement cost	$	73	$	83

For additional information on the Company’s defined benefit pension and postretirement benefit plans, refer to the consolidated financial statements included in the Company’s annual report on Form 10-K for the year ended March 31, 2014.