Income Taxes (Tables)

12 Months Ended

Mar. 31, 2019

Income Tax Disclosure [Abstract]

Schedule Of Components of Income Tax Expense

Income taxes for the fiscal years ended March 31, 2019, 2018, and 2017 consisted of the following: 

	Fiscal Year Ended March 31,
	2019			2018			2017
Current
United States	$	(2,639	)	$	1,110		$	3,422
State and local	377			175			147
Foreign	39,578			60,356			36,537
	37,316			61,641			40,106
Deferred
United States	5,713			(20,052		)	5,434
State and local	(4		)	68			561
Foreign	(1,837		)	8,852			10,631
	3,872			(11,132		)	16,626
Total	$	41,188		$	50,509		$	56,732

Foreign taxes include any applicable U.S. tax expense on the earnings of foreign subsidiaries.

Schedule Of Effective Income Tax Rate Reconciliation

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

	Fiscal Year Ended March 31,
	2019		2018		2017
U.S. federal statutory tax rate	21.0	%	31.5	%	35.0	%
State income taxes, net of federal benefit	0.2		0.1		0.3
Dividends received from deconsolidated operations	—		(1.4	)	(2.3	)
Foreign earnings taxed at rates other than the U.S. federal statutory tax rate	7.1		2.8		—
Foreign dividend withholding taxes	3.7		(0.2	)	—
Reversal of dividend withholding tax due to foreign subsidiary tax holiday	(5.1	)	—		—
Effects of new tax law:
Adjustment of deferred tax assets and liabilities to lower tax rate	—		4.6		—
Reduction of U.S. tax liability on undistributed foreign earnings to amounts payable under one-time transition tax	—		(8.3	)	—
Other, including changes in liabilities recorded for uncertain tax positions	0.3		1.2		0.5
Effective income tax rate	27.2	%	30.3	%	33.5	%

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,
	2019		2018		2017
United States	$	37,478	$	10,442	$	31,468
Foreign	113,844		156,235		137,770
Total	$	151,322	$	166,677	$	169,238

Schedule Of Deferred Tax Assets and Liabilities

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

	March 31,
	2019			2018
Liabilities
Foreign withholding taxes	$	20,659		$	25,987
Undistributed earnings	6,579			8,636
Goodwill	19,529			19,529
All other	7,088			9,039
Total deferred tax liabilities	$	53,855		$	63,191
Assets
Employee benefit plans	$	20,467		$	21,714
Reserves and accruals	7,898			9,673
Deferred income	3,829			4,878
Currency translation losses of foreign subsidiaries	1,993			1,993
Local currency exchange losses of foreign subsidiaries	1,252			843
All other	4,987			6,522
Total deferred tax assets	40,426			45,623
Valuation allowance	(1,798		)	(1,040		)
Net deferred tax assets	$	38,628		$	44,583

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 and other comprehensive income was as follows:

	Fiscal Year Ended March 31,
	2019			2018		2017
Continuing operations	$	41,188		$	50,509	$	56,732
Other comprehensive income (loss)	(5,390		)	23,471		1,503
Total	$	35,798		$	73,980	$	58,235

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, 2019, 2018, and 2017, is as follows:

	Fiscal Year Ended March 31,
	2019			2018			2017
Liability for uncertain tax positions, beginning of year	$	3,673		$	2,426		$	2,407
Additions:
Related to tax positions for the current year	85			107			94
Related to tax positions for prior years	2,169			1,310			—
Reductions:
Due to lapses of statutes of limitations	(90		)	(104		)	(112		)
Related to tax positions for prior years	—			—			(3		)
Effect of currency rate changes	(212		)	(66		)	40
Liability for uncertain tax positions, end of year	$	5,625		$	3,673		$	2,426