Accumulated Other Comprehensive Loss |
ACCUMULATED OTHER COMPREHENSIVE LOSS All amounts recorded in other comprehensive loss are related to the Company's post-retirement plans and interest rate swaps designated as cash flow hedges. The following table shows the changes in accumulated other comprehensive income (loss), net of tax: | | | | | | | | | | | | Fiscal Year Ended March 31, 2018 | | Post-retirement plans | Derivatives designated as cash flow hedges | Totals | Beginning of year | $ | (17,077 | ) | $ | — |
| $ | (17,077 | ) | Other comprehensive income (loss) before reclassifications (1) | (1,698 | ) | 4,993 |
| 3,295 |
| Amounts reclassified from accumulated other comprehensive loss | 1,527 |
| — |
| 1,527 |
| Net current-period other comprehensive income (loss) | (171 | ) | 4,993 |
| 4,822 |
| Reclassification of AOCI due to the Act (2) | (3,707 | ) | 856 |
| (2,851 | ) | End of year | $ | (20,955 | ) | $ | 5,849 |
| $ | (15,106 | ) |
(1) Changes in other comprehensive income (loss) before reclassification for derivatives designated as cash flow hedges are recorded net of tax expenses of $2.9 million for the fiscal year ended March 31, 2018. (2) The amount reclassified from accumulated other comprehensive income to retained earnings from the adoption of ASU 2018-02 as discussed in Note 2. | | | | | | | | | | | | Fiscal Year Ended March 31, 2017 | | Post-retirement plans | Derivatives designated as cash flow hedges | Totals | Beginning of year | $ | (19,613 | ) | $ | — |
| $ | (19,613 | ) | Other comprehensive income (loss) before reclassifications | 688 |
| — |
| 688 |
| Amounts reclassified from accumulated other comprehensive loss | 1,848 |
| — |
| 1,848 |
| Net current-period other comprehensive income (loss) | 2,536 |
| — |
| 2,536 |
| End of year | $ | (17,077 | ) | $ | — |
| $ | (17,077 | ) |
| | | | | | | | | | | | Fiscal Year Ended March 31, 2016 | | Post-retirement plans | Derivatives designated as cash flow hedges | Totals | Beginning of year | $ | (22,159 | ) | $ | — |
| $ | (22,159 | ) | Other comprehensive income (loss) before reclassifications | 404 |
| — |
| 404 |
| Amounts reclassified from accumulated other comprehensive loss | 2,142 |
| — |
| 2,142 |
| Net current-period other comprehensive income (loss) | 2,546 |
| — |
| 2,546 |
| End of year | $ | (19,613 | ) | $ | — |
| $ | (19,613 | ) |
The following table presents the reclassifications out of accumulated other comprehensive loss to net income: | | | | | | | | | | | | | | March 31, | | 2018 | | 2017 | | 2016 | Amortization of net actuarial loss included in net periodic benefit cost (See Note 14) | | | | | | Total before tax | $ | 2,387 |
| | $ | 3,050 |
| | $ | 3,536 |
| Tax benefit | (860 | ) | | (1,202 | ) | | (1,394 | ) | Net of tax | $ | 1,527 |
| | $ | 1,848 |
| | $ | 2,142 |
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