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RETIREMENT PLANS
 9 Months Ended
Dec. 31, 2020
Retirement Benefits [Abstract]  
RETIREMENT PLANS RETIREMENT PLANS
Refer to Note 14 to our consolidated financial statements included in our Annual Report for a description of our retirement and post-retirement benefits.

The following tables set forth the combined net pension benefit recognized in our condensed consolidated financial statements for all plans (in thousands):
Three Months Ended
December 31,		Nine Months Ended
December 31,
2020201920202019
Service cost, benefits earned during the period$10 $18 $30 $53 
Interest cost on projected benefit obligation36 37 107 1,082 
Expected return on assets(24)(27)(71)(1,334)
Amortization of net actuarial loss18 12 55 38 
Pension plan termination— — — 7,019 
Net pension benefit$40 $40 $121 $6,858 

The components of net periodic cost for retirement and postretirement benefits, other than service costs, are included in other expense, net in our condensed consolidated statements of income.
During the six months ended September 30, 2019, we offered lump sum payments to eligible active and terminated vested participants in our qualified U.S. pension plan (the “Qualified Plan”), representing approximately 42% of our liability. Approximately 74% of those participants accepted the lump sum offer for an aggregate payment of $17.0 million in August 2019. We entered into an annuity purchase contract for the remaining liability in September 2019, and terminated the Qualified Plan effective September 30, 2019. The termination required an additional contribution of $0.5 million, which was paid in September 2019, and resulted in an overall termination charge of $7.0 million ($5.4 million, net of tax) recorded in other (expense) income, net, due primarily to the recognition of expenses that were previously included in accumulated other comprehensive loss and the recognition of additional costs associated with the annuity purchase contract. After the participant data for the annuity purchase contract was finalized in the fiscal fourth quarter ended March 31, 2020, the Qualified Plan had excess funds of $0.5 million, which were distributed into the Defined Contribution Plan.