PENSION BENEFIT PLANS (Tables)

12 Months Ended

Mar. 31, 2019

Retirement Benefits [Abstract]

Schedule of Changes in Benefit Obligation

The components of the change in benefit obligation of the pension plan is as follows (in thousands):

	March 31,			March 31,
	2019			2018
Benefit obligation, at beginning of year	$	33,464		$	30,141
Service cost	304			407
Interest cost	704			718
Benefits paid and other	(302		)	(288		)
Actuarial loss (gain)	3,254			(1,788		)
Foreign exchange rate impact	(2,529		)	4,274
Benefit obligation, at end of year	$	34,895		$	33,464

Schedule of Changes in Fair Value of Plan Assets

The reconciliation of the beginning and ending balances of the fair value of the assets of the pension plan is as follows (in thousands):

	March 31,			March 31,
	2019			2018
Fair value of plan assets, at beginning of year	$	—		$	—
Employer direct benefit payments	302			288
Benefits paid and other	(302		)	(288		)
Fair value of plan assets, at end of year	$	—		$	—

Schedule of Net Benefit Costs

The following sets forth the components of the Company's net periodic pension cost of the noncontributory defined benefit pension plans for the fiscal years ended March 31, 2019, 2018, and 2017 (in thousands):

	Year Ended March 31,
	2019		2018		2017
Service cost	$	304	$	407	$	329
Interest cost	704		718		638
Net periodic pension cost	$	1,008	$	1,125	$	967

Schedule of Assumptions Used

Weighted average assumptions used to determine net periodic pension cost at date of measurement:

	March 31,		March 31,		March 31,
	2019		2018		2017
Discount rate	1.80	%	2.30	%	2.10	%
Rate of compensation increase	3.00	%	2.25	%	2.25	%

Schedule of Expected Benefit Payments

The following sets forth benefit payments, which reflect expected future service, as appropriate, expected to be paid by the plan in the periods indicated (in thousands):

2020	$	382
2021	$	436
2022	$	484
2023	$	549
2024	$	599
2025 - 2030	$	4,561