Accumulated Other Comprehensive Loss (Tables)

12 Months Ended

Mar. 31, 2022

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,
	2022		2021
Foreign currency translation adjustment – net of tax	$	(28,080)	$	(21,776)
Pension liability – net of tax	(21,794)		(38,081)
Postretirement obligations – net of tax	1,836		1,989
Split-dollar life insurance arrangements – net of tax	(1,084)		(1,264)
Derivatives qualifying as hedges – net of tax	(777)		(854)
Accumulated other comprehensive loss	$	(49,899)	$	(59,986)

Changes in accumulated other comprehensive income by component are as follows (in thousands):

	March 31, 2022
		Retirement Obligations		Foreign Currency		Change in Derivatives Qualifying as Hedges		Total
Beginning balance net of tax		$	(37,356)	$	(21,776)	$	(854)	(59,986)
Other comprehensive income (loss) before reclassification		15,398		(6,303)		5,922		15,017
Amounts reclassified from other comprehensive loss to net income		915		—		(5,845)		(4,930)
Net current period other comprehensive (loss) income		16,313		(6,303)		77		10,087
Ending balance net of tax		$	(21,043)	$	(28,079)	$	(777)	$	(49,899)

	March 31, 2021
		Retirement Obligations		Foreign Currency		Change in Derivatives Qualifying as Hedges		Total
Beginning balance net of tax		$	(79,041)	$	(34,359)	$	(950)	(114,350)
Other comprehensive income (loss) before reclassification		24,999		12,583		(8,552)		29,030
Amounts reclassified from other comprehensive loss to net income		16,686		—		8,648		25,334
Net current period other comprehensive (loss) income		41,685		12,583		96		54,364
Ending balance net of tax		$	(37,356)	$	(21,776)	$	(854)	$	(59,986)

Reclassification out of Accumulated Other Comprehensive Income

Details of amounts reclassified out of accumulated other comprehensive loss for the year ended March 31, 2022 are as follows (in thousands):

Details of AOCL Components	Amount reclassified from AOCL		Affected line item on consolidated statement of operations
Net pension amount unrecognized
	$	1,237	(1)
	1,237		Total before tax
	(322)		Tax benefit
	$	915	Net of tax
Change in derivatives qualifying as hedges
	$	85	Cost of products sold
	2,868		Interest expense
	(11,250)		Foreign currency
	(8,297)		Total before tax
	2,452		Tax benefit
	$	(5,845)	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.)

Details of amounts reclassified out of accumulated other comprehensive loss for the year ended March 31, 2021 are as follows (in thousands):

Details of AOCL Components	Amount reclassified from AOCL		Affected line item on consolidated statement of operations
Net pension amount unrecognized
	$	22,009	(1)
	22,009		Total before tax
	(5,323)		Tax benefit
	$	16,686	Net of tax
Change in derivatives qualifying as hedges
	$	(90)	Cost of products sold
	1,585		Interest expense
	7,874		Foreign currency
	9,369		Total before tax
	(721)		Tax benefit
	$	8,648	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.)