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Pension And Other Postretirement Benefit Plans (Tables)
 12 Months Ended
Mar. 31, 2014
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]  
Assumptions Used To Compute Net Periodic Benefit Cost And Benefit Obligations
Assumptions used for financial reporting purposes to compute net periodic benefit cost and benefit obligations for the Company's primary defined benefit plans were as follows:
 
Pension Benefits
 
Other Postretirement Benefits
 
2014
  
2013
  
2012
 
2014
  
2013
  
2012
Discount rates:
 
  
 
  
 
 
 
  
 
  
 
Benefit cost for plan year
4.20
%
  
4.60
%
  
5.50
%
 
3.90
%
  
4.40
%
  
5.50
%
Benefit obligation at end of plan year
4.50
%
  
4.20
%
  
4.60
%
 
4.30
%
  
3.90
%
  
4.40
%
Expected long-term return on plan assets:
 
 
 
 
 
 
 
 
 
 
 
Benefit cost for plan year
8.00
%
  
8.00
%
  
8.00
%
 
4.30
%
  
4.30
%
  
4.30
%
Benefit obligation at end of plan year
7.75
%
 
8.00
%
 
8.00
%
 
4.30
%
 
4.30
%
 
4.30
%
Salary scale:
 
  
 
  
 
 
 
  
 
  
 
Benefit cost for plan year
5.00
%
 
5.00
%
 
5.00
%
 
5.00
%
 
5.00
%
 
5.00
%
Benefit obligation at end of plan year
4.50
%
 
5.00
%
 
5.00
%
 
4.50
%
 
5.00
%
 
5.00
%
Healthcare cost trend rate
N/A

  
N/A

  
N/A

 
7.40
%
  
7.60
%
  
7.80
%
Benefit Obligations, Plan Assets, And Funded Status
The following table reflects the changes in benefit obligations and plan assets in 2014 and 2013, and the funded status of the plans at March 31, 2014 and 2013:
 
Pension
 Benefits
  
Other Postretirement Benefits
 
March 31,
 
March 31,
 
2014
 
2013
 
2014
 
2013
Actuarial present value of benefit obligation:
 
 
 
 
 
 
 
Accumulated benefit obligation
$
258,240

  
$
280,626

 
$
—

 
$
—

Projected benefit obligation
259,928

  
299,161

 
41,846

 
48,970

 
 
 
 
 
 
 
 
Change in projected benefit obligation:
 
 
 
 
 
 
 
Projected benefit obligation, beginning of year
$
299,161

 
$
302,632

 
$
48,970

 
$
48,784

Service cost
5,190

 
4,650

 
527

 
467

Interest cost
12,223

 
13,001

 
2,106

 
2,303

Effect of discount rate change
(8,316
)
 
13,798

 
(2,483
)
 
3,068

Plan amendment
(22,145
)
 
—

 
—

 
—

Foreign currency exchange rate changes
22

 
(1,528
)
 
—

 
—

Settlements
(2,136
)
 
(13,027
)
 
—

 
—

Other
(2,586
)
 
(6,420
)
 
(4,282
)
 
(2,733
)
Benefit payments
(21,485
)
 
(13,945
)
 
(2,992
)
 
(2,919
)
Projected benefit obligation, end of year
$
259,928

 
$
299,161

 
$
41,846

 
$
48,970

 
 
 
 
 
 
 
 
Change in plan assets:
 
 
 
 
 
 
 
Plan assets at fair value, beginning of year
$
205,942

 
$
199,525

 
$
2,932

 
$
3,062

Actual return on plan assets
15,758

 
22,865

 
97

 
151

Employer contributions
17,866

 
11,552

 
2,498

 
2,638

Settlements
(2,136
)
 
(13,027
)
 
—

 
—

Foreign currency exchange rate changes
(2,663
)
 
(1,028
)
 
—

 
—

Benefit payments
(21,485
)
 
(13,945
)
 
(2,992
)
 
(2,919
)
Plan assets at fair value, end of year
$
213,282

 
$
205,942

 
$
2,535

 
$
2,932

 
 
 
 
 
 
 
 
Funded status:
 
 
 
 
 
 
 
Funded status of the plans, end of year
$
(46,646
)
  
$
(93,219
)
  
$
(39,311
)
 
$
(46,038
)
Funded Status In Consolidated Balance Sheets
The funded status of the Company’s plans at the end of fiscal years 2014 and 2013 was reported in the consolidated balance sheets as follows:
 
Pension
Benefits
 
Other Postretirement Benefits
 
March 31,
 
March 31,
 
2014
 
2013
 
2014
 
2013
Non-current asset (included in other noncurrent assets)
$
2,476

 
$
1,280

 
$
—

 
$
—

Current liability (included in accounts payable and accrued expenses)
(764
)
 
(1,581
)
 
(2,587
)
 
(3,327
)
Non-current liability (reported as pensions and other postretirement benefits)
(48,358
)
 
(92,918
)
 
(36,724
)
 
(42,711
)
Amounts recognized in the consolidated balance sheets
$
(46,646
)
 
$
(93,219
)
 
$
(39,311
)
 
$
(46,038
)
Additional Information On Funded Status
Additional information on the funded status of the Company’s plans as of the respective measurement dates for the fiscal years ended March 31, 2014 and 2013, is as follows:
 
Pension
 Benefits
 
Other Postretirement Benefits
 
March 31,
 
March 31,
 
2014
 
2013
 
2014
 
2013
For plans with a projected benefit obligation in excess of plan assets:
 
 
 
 
 
 
 
Aggregate projected benefit obligation (PBO)
$
254,117

 
$
290,142

 
$
41,846

 
$
48,970

Aggregate fair value of plan assets
204,995

 
195,642

 
2,535

 
2,932

For plans with an accumulated benefit obligation in excess of plan assets:
 
 
 
 
 
 
 
Aggregate accumulated benefit obligation (ABO)
243,496

 
272,148

 
N/A

 
N/A

Aggregate fair value of plan assets
195,627

 
195,642

 
N/A

 
N/A
Components Of Company's Net Periodic Benefit Cost
The components of the Company’s net periodic benefit cost were as follows:
 
Pension Benefits
 
Other Postretirement Benefits
 
Fiscal Year Ended March 31,
 
Fiscal Year Ended March 31,
 
2014
 
2013
 
2012
 
2014
 
2013
 
2012
Components of net periodic benefit cost:
 
 
 
 
 
 
 
 
 
 
 
Service cost
$
5,190

 
$
4,650

 
$
4,614

 
$
527

 
$
467

 
$
591

Interest cost
12,223

 
13,001

 
13,959

 
2,106

 
2,303

 
2,636

Expected return on plan assets
(14,218
)
 
(14,632
)
 
(14,958
)
 
(119
)
 
(124
)
 
(134
)
Settlement cost
1,094

 
3,304

 
—

 
—

 
—

 
—

Net amortization and deferral
6,779

 
10,299

 
6,309

 
(5
)
 
(8
)
 
(335
)
Net periodic benefit cost
$
11,068

 
$
16,622

 
$
9,924

 
$
2,509

 
$
2,638

 
$
2,758
Recognized In Accumulated Other Comprehensive Income (Loss) On Pretax Basis
The amounts recognized in other comprehensive income or loss for fiscal years 2014 and 2013 and the amounts included in accumulated other comprehensive loss at the end of those fiscal years are shown below.
 
Pension
 Benefits
 
Other Postretirement Benefits
 
March 31,
 
March 31,
 
2014
 
2013
 
2014
 
2013
Change in net actuarial loss (gain):
 
 
 
 
 
 
 
Net actuarial loss (gain), beginning of year
$
93,357

 
$
108,171

 
$
(3,918
)
 
$
(4,644
)
Losses (gains) arising during the year
(12,834
)
 
(928
)
 
(6,039
)
 
717

Reclassification adjustments during the year
(10,035
)
 
(13,886
)
 
5

 
9

Net actuarial loss (gain), end of year
70,488

 
93,357

 
(9,952
)
 
(3,918
)
 
 
 
 
 
 
 
 
Change in prior service cost (benefit):
 
 
 
 
 
 
 
Prior service cost (benefit), beginning of year
(2,617
)
 
(3,080
)
 
226

 
500

   Prior service cost (benefit) arising during the year
(22,145
)
 
—

 
—

 
—

Reclassification adjustments during the year
1,764

 
463

 
(226
)
 
(274
)
Prior service cost (benefit), end of year
(22,998
)
 
(2,617
)
 
—

 
226

 
 
 
 
 
 
 
 
Total amounts in accumulated other comprehensive loss
at end of year, before income taxes
$
47,490

 
$
90,740

 
$
(9,952
)
 
$
(3,692
)
Weighted-Average Target Pension Asset Allocation And Target Ranges By Major Asset Category
The weighted–average target pension asset allocation and target ranges at the March 31, 2014 measurement date and the actual asset allocations at the March 31, 2014 and 2013 measurement dates by major asset category were as follows:
 
 
 
 
 
 
 
Actual Allocation
 
Target Allocation
 
 
 
 
 
March 31,
Major Asset Category
 
Range
 
2014
 
2013
Equity securities
46.0
%
 
36
%
-
56%
 
48.3
%
 
57.0
%
Fixed income securities (1)
44.0
%
 
34
%
-
54%
 
41.3
%
 
32.6
%
Alternative investments
10.0
%
 
5
%
-
15%
 
10.4
%
 
10.4
%
Total
100.0
%
 
 
 
 
 
100.0
%
 
100.0
%
Estimated Future Benefit Payments
Estimated future benefit payments to be made from the Company’s plans are as follows:
Fiscal Year:
Pension
Benefits
 
Other
Postretirement
Benefits
2015
$
16,906

 
$
2,976

2016
16,855

 
3,007

2017
18,967

 
3,035

2018
15,243

 
3,008

2019
19,842

 
3,058

2020 - 2024
87,632

 
14,908
Fair Values Of The Assets Under Fair Value Hierarchy
Fair values of the assets of the Company’s pension plans as of March 31, 2014 and 2013, classified based on how their values were determined under the fair value hierarchy are as follows:
 
March 31, 2014
 
Level 1
 
Level 2
 
Level 3
 
Total
Equity securities
$
93,229

 
$
—

 
$
—

 
$
93,229

Fixed income securities (1)
80,567

 
8,287

 
11,266

 
100,120

Alternative investments
—

 
—

 
19,933

 
19,933

Total investments
$
173,796

 
$
8,287

 
$
31,199

 
$
213,282

 
March 31, 2013
 
Level 1
 
Level 2
 
Level 3
 
Total
Equity securities
$
107,164

 
$
—

 
$
—

 
$
107,164

Fixed income securities (1)
61,553

 
10,300

 
7,435

 
79,288

Alternative investments
—

 
—

 
19,490

 
19,490

Total investments
$
168,717

 
$
10,300

 
$
26,925

 
$
205,942