Income Taxes (Tables)

12 Months Ended

Mar. 31, 2018

Income Tax Disclosure [Abstract]

Schedule Of Components of Income Tax Expense

Income taxes for the fiscal years ended March 31, 2018, 2017, and 2016 consisted of the following: 

	Fiscal Year Ended March 31,
	2018			2017		2016
Current
United States	$	1,110		$	3,422	$	5,371
State and local	175			147		1,116
Foreign	60,356			36,537		32,897
	61,641			40,106		39,384
Deferred
United States	(20,052		)	5,434		5,780
State and local	68			561		(445		)
Foreign	8,852			10,631		9,711
	(11,132		)	16,626		15,046
Total	$	50,509		$	56,732	$	54,430

Schedule Of Effective Income Tax Rate Reconciliation

A reconciliation of the U.S. federal statutory rate to the Company’s effective income tax rate is as follows:

	Fiscal Year Ended March 31,
	2018		2017		2016
U.S. federal statutory tax rate	31.5	%	35.0	%	35.0	%
State income taxes, net of federal benefit	0.1		0.3		0.3
Dividends received from deconsolidated operations	(1.4	)	(2.3	)	(1.5	)
Effect of exchange rate changes on deferred income taxes	—		0.4		(1.6	)
Effects of new tax law:
Foreign earnings taxed at rates above the U.S. federal statutory tax rate	2.8		—		—
Adjustment of deferred tax assets and liabilities	4.6		—		—
Reduction of U.S. tax liability on undistributed foreign earnings to estimate of one-time transition tax	(8.3	)	—		—
Other, including changes in liabilities recorded for uncertain tax positions	1.0		0.1		(0.7	)
Effective income tax rate	30.3	%	33.5	%	31.5	%

Schedule Of U.S. And Foreign Components Of Income Before Income Taxes And Other Items

The U.S. and foreign components of income before income taxes were as follows:

	Fiscal Year Ended March 31,
	2018		2017		2016
United States	$	10,442	$	31,468	$	37,877
Foreign	156,235		137,770		134,701
Total	$	166,677	$	169,238	$	172,578

Schedule Of Deferred Tax Assets and Liabilities

Significant components of deferred tax liabilities and assets were as follows:  

	March 31,
	2018			2017
Liabilities
Foreign withholding taxes	$	25,987		$	44,702
Undistributed earnings	8,636			24,629
Goodwill	19,529			30,851
All other	9,039			11,015
Total deferred tax liabilities	$	63,191		$	111,197
Assets
Employee benefit plans	$	21,714		$	38,804
Reserves and accruals	9,673			11,756
Deferred income	4,878			4,672
Currency translation losses of foreign subsidiaries	1,993			13,244
Local currency exchange losses of foreign subsidiaries	843			3,669
Foreign tax credit carryforward	—			2,799
All other	6,522			14,327
Total deferred tax assets	45,623			89,271
Valuation allowance	(1,040		)	(636		)
Net deferred tax assets	$	44,583		$	88,635

Schedule Of Combined Income Tax Expense (Benefit) Allocable To Continuing Operations, Other Comprehensive Income, And Adjustments To Shareholders' Equity

The combined income tax expense (benefit) allocable to continuing operations, other comprehensive income, and direct adjustments to shareholders' equity was as follows:

	Fiscal Year Ended March 31,
	2018		2017		2016
Continuing operations	$	50,509	$	56,732	$	54,430
Other comprehensive income	23,471		1,503		1,423
Direct adjustments to shareholders' equity	—		—		(805		)
Total	$	73,980	$	58,235	$	55,048

Reconciliation Of The Gross Liability For Uncertain Tax Positions

A reconciliation of the beginning and ending balance of the gross liability for uncertain tax positions for the fiscal years ended March 31, 2018, 2017 and 2016, is as follows:

	Fiscal Year Ended March 31,
	2018			2017			2016
Liability for uncertain tax positions, beginning of year	$	2,426		$	2,407		$	2,894
Additions:
Related to tax positions for the current year	107			94			98
Related to tax positions for prior years	1,310			—			—
Reductions:
Due to lapses of statutes of limitations	(104		)	(112		)	(215		)
Related to tax positions for prior years	—			(3		)	—
Effect of currency rate movement	(66		)	40			(370		)
Liability for uncertain tax positions, end of year	$	3,673		$	2,426		$	2,407