Income Taxes (Tables)

12 Months Ended

Mar. 31, 2022

Income Tax Disclosure [Abstract]

Schedule Of Components of Income Tax Expense

Income taxes for the fiscal years ended March 31, 2022, 2021, and 2020 consisted of the following: 

	Fiscal Year Ended March 31,
	2022		2021		2020
Current
United States	$	15,042	$	9,500	$	2,001
State and local	265		621		92
Foreign	25,828		21,626		41,892
	41,135		31,747		43,985
Deferred
United States	(498)		(5,938)		3,735
State and local	1,568		(314)		(16)
Foreign	(3,542)		3,917		(12,416)
	(2,472)		(2,335)		(8,697)
Total	$	38,663	$	29,412	$	35,288

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,
	2022		2021		2020
U.S. federal statutory tax rate	21.0	%	21.0	%	21.0	%
State income taxes, net of federal benefit	1.0		0.2		0.1
Foreign earnings taxed at rates other than the U.S. federal statutory tax rate	3.7		(0.9)		(2.0)
Foreign dividend withholding taxes	2.3		5.3		5.1
Changes in uncertain tax positions	(0.3)		—		5.6
Other	(0.5)		(2.2)		1.3
Effective income tax rate	27.2	%	23.4	%	31.1	%

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,
	2022		2021		2020
United States	$	74,553	$	30,060	$	22,916
Foreign	67,714		95,666		90,375
Total	$	142,267	$	125,726	$	113,291

Schedule Of Deferred Tax Assets and Liabilities

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

	March 31,
	2022		2021
Liabilities
Foreign withholding taxes	$	19,353	$	21,711
Property, plant and equipment	10,567		8,726
Undistributed earnings	3,004		2,947
Operating lease right-of-use assets	6,621		6,856
Goodwill and other intangible assets	34,584		35,059
Local currency exchange gains of foreign subsidiaries	4,094		—
All other	3,414		4,876
Total deferred tax liabilities	$	81,637	$	80,175
Assets
Employee benefit plans	$	16,138	$	17,199
Reserves and accruals	9,844		7,603
Deferred income	4,127		3,521
Operating lease right-of-use liabilities	6,538		6,718
Currency translation losses of foreign subsidiaries	2,173		2,173
Local currency exchange losses of foreign subsidiaries	595		450
Interest rate swap	302		5,178
All other	9,384		8,568
Total deferred tax assets	49,101		51,410
Valuation allowance	(3,182)		(4,080)
Net deferred tax assets	$	45,919	$	47,330

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,
	2022		2021		2020
Continuing operations	$	38,663	$	29,412	$	35,288
Other comprehensive loss	6,555		9,563		(14,392)
Total	$	45,218	$	38,975	$	20,896

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 is as follows:

	Fiscal Year Ended March 31,
	2022		2021		2020
Liability for uncertain tax positions, beginning of year	$	2,437	$	2,377	$	5,625
Additions:
Related to tax positions for the current year	48		49		1,746
Related to tax positions for prior years	328		—		4,369
Reductions:
Due to lapses of statutes of limitations	(56)		(135)		(81)
Due to tax settlements	(814)		—		(8,948)
Effect of currency rate changes	81		146		(334)
Liability for uncertain tax positions, end of year	$	2,024	$	2,437	$	2,377