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PENSION BENEFIT PLANS (Tables)
 12 Months Ended
Mar. 31, 2022
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,
 20222021
Benefit obligation, at beginning of year$37,586 $32,805 
Service cost331 333 
Interest cost560 667 
Benefits paid and other(422)(400)
Actuarial (gain) loss(2,761)2,205 
Foreign exchange rate impact(2,445)1,976 
Benefit obligation, at end of year$32,849 $37,586 
Schedule of Changes in Fair Value of Plan Assets The reconciliation of the beginning and ending balances of the fair value of the assets of the pension plan is as follows (in thousands):
 March 31,March 31,
 20222021
Fair value of plan assets, at beginning of year$— $— 
Employer direct benefit payments422 400 
Benefits paid and other(422)(400)
Fair value of plan assets, at end of year$— $— 
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, 2022, 2021, and 2020 (in thousands):
Fiscal Year Ended March 31,
 202220212020
Service cost$331 $333 $341 
Interest cost560 667 603 
     Net periodic pension cost$891 $1,000 $944 
Schedule of Assumptions Used Weighted average assumptions used to determine net periodic pension cost at date of measurement:
March 31,March 31,March 31,
  202220212020
Discount rate 2.20 % 1.60 %1.90 %
Rate of compensation increase 3.00 % 3.00 %3.00 %
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):
2023$520 
2024$570 
2025$677 
2026$776 
2027$882 
2028 - 2032$5,842