RETIREMENT PLANS

12 Months Ended

Mar. 31, 2023

Retirement Benefits [Abstract]

RETIREMENT PLANS

RETIREMENT PLANS:

The Company has a qualified 401(k) retirement savings plan that covers substantially all U.S. employees.  The Company also offers a supplemental non-qualified deferred compensation plan (“SNQDC Plan”) for certain highly-compensated employees. The Company matches 100% of the first 6% of each participating employee's annual aggregate contributions. The Company may also contribute additional amounts to the plans at the discretion of the board of directors.

Company contributions for the above plans amounted to approximately $11.6 million, $10.1 million, and $9.4 million in fiscal years 2023, 2022, and 2021, respectively.  Included in both other current assets and other accrued liabilities are the assets and liabilities of the SNQDC Plan in the amount of $12.1 million and $15.5 million at March 31, 2023 and 2022, respectively.