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Net Periodic Benefit Cost (Tables)
 12 Months Ended
Mar. 31, 2022
Retirement Benefits [Abstract]  
Schedule of Net Benefit Costs The following provides a reconciliation of benefit obligation, plan assets, and funded status of the plans:
 March 31,
 20222021
Change in benefit obligation:  
Benefit obligation at beginning of year$404,841 $459,866 
Service cost980 1,092 
Interest cost10,130 11,527 
Actuarial (gain) loss(30,482)3,729 
Benefits paid(23,200)(24,492)
Settlement— (53,499)
Foreign exchange rate changes(5,295)6,618 
Benefit obligation at end of year$356,974 $404,841 
Change in plan assets:  
Fair value of plan assets at beginning of year$286,678 $313,366 
Actual gain (loss) on plan assets3,048 49,582 
Employer contribution5,442 1,316 
Benefits paid(23,200)(24,492)
Settlement— (53,499)
Foreign exchange rate changes17 405 
Fair value of plan assets at end of year$271,985 $286,678 
Funded status$(84,989)$(118,163)
Unrecognized actuarial loss29,230 51,540 
Net amount recognized$(55,759)$(66,623)

During fiscal 2021, the Company settled the liabilities for one of its U.S. pension plans through a combination of (i) lump sum payments to eligible participants who elected to receive them and (ii) the purchase of annuity contracts for participants who did not elect lump sums. The lump sum payments were paid during the quarter ended June 30, 2020 and resulted in a settlement charge of $2,722,000 which was recorded in Other (income) expense, net on the Consolidated Statements of Operations. During the quarter ended September 30, 2020, the Company purchased annuity contracts to settle the remaining liabilities of the terminated plan. The total settlement charge of $19,038,000 was recorded in Other (income) expense, net on the Statements of Operations during the twelve months ending March 31, 2021. The remaining surplus of the terminated plan is $2,176,000 and
$3,910,000 as of March 31, 2022 and 2021, respectively, and will be used, as prescribed in the applicable regulations, to fund obligations associated with the Company's U.S. defined contribution plans.

Amounts recognized in the consolidated balance sheets are as follows:        
 March 31,
 20222021
Other assets$5,208 $427 
Accrued liabilities(3,523)(3,679)
Other non-current liabilities(86,674)(114,911)
Accumulated other comprehensive loss, before tax29,230 51,540 
Net amount recognized$(55,759)$(66,623)
Net periodic pension cost included the following components:
 202220212020
Service costs—benefits earned during the period$980 $1,092 $1,139 
Interest cost on projected benefit obligation10,130 11,527 14,759 
Expected return on plan assets(13,037)(12,787)(15,887)
Net amortization1,457 3,234 2,279 
Settlement— 19,038 — 
Net periodic pension cost (benefit)$(470)$22,104 $2,290 

Information for pension plans with a projected benefit obligation in excess of plan assets is as follows:
 March 31,
 20222021
Projected benefit obligation$211,307 $401,870 
Fair value of plan assets121,110 283,280 

Information for pension plans with an accumulated benefit obligation in excess of plan assets is as follows:
 March 31,
 20222021
Accumulated benefit obligation$207,612 $396,673 
Fair value of plan assets121,110 283,280 
The weighted-average assumptions in the following table represent the rates used to develop the actuarial present value of the projected benefit obligation for the year listed and also net periodic pension cost for the following year:
 202220212020
Discount rate3.35 %2.62 %2.79 %
Expected long-term rate of return on plan assets4.70 %4.60 %5.01 %
Rate of compensation increase on active plans2.76 %2.76 %2.76 %
Interest crediting rates used in cash balance pension plans1.05 %1.10 %2.25 %
The Company’s retirement plan target and actual asset allocations are as follows:
 TargetActual
 202320222021
Equity securities
23%-13%
34%45%
Fixed income securities
77%-87%
66%55%
Total plan assets100%100%100%
Information about the expected benefit payments for the Company’s defined benefit plans is as follows:
2023$23,451 
202423,368 
202523,278 
202623,267 
202723,294 
2028-2032110,539 
The fair values of the Company’s defined benefit plans’ consolidated assets by asset category as of March 31 were as follows:
 March 31,
 20222021
Asset categories:  
Equity securities$80,020 $116,468 
Fixed income securities178,155 155,553 
Alternative real estate11,849 12,863 
Cash equivalents1,961 1,794 
Total$271,985 $286,678 
Schedule of Changes in Fair Value of Plan Assets [Table Text Block] The fair values by category of inputs as of March 31, 2022 and March 31, 2021 were as follows:
 Measured at NAV (1)Quoted Prices
in Active
Markets for
Identical Assets		Significant other
observable
Inputs		Significant
unobservable
Inputs		 
As of March 31, 2022:
(Level 1)(Level 2)(Level 3)Total
Asset categories: 
Equity securities$33,321 $46,699 $— $— $80,020 
Fixed income securities26,312 17,013 133,670 1,160 178,155 
Alternative real estate11,849 — — — 11,849 
Cash equivalents— 1,961 — — 1,961 
Total$71,482 $65,673 $133,670 $1,160 $271,985 
(1) Reflects the net asset value (NAV) practical expedient used to approximate fair value.
 Measured at NAV (1)Quoted Prices
in Active
Markets for
Identical Assets		Significant other
observable
Inputs		Significant
unobservable
Inputs		 
As of March 31, 2021:
(Level 1)(Level 2)(Level 3)Total
Asset categories:    
Equity securities$52,710 $63,758 $— $— $116,468 
Fixed income securities25,198 7,115 122,071 1,169 155,553 
Alternative real estate12,862 1 — — 12,863 
Cash equivalents— 1,794 — — 1,794 
Total$90,770 $72,668 $122,071 $1,169 $286,678