XML 59 R45.htm IDEA: XBRL DOCUMENT v3.8.0.1
Employee Benefit Plans (Tables)
12 Months Ended
Mar. 31, 2018
Retirement Benefits [Abstract]  
Schedule of Net Benefit Costs
The aggregate net pension expense relating to these two plans is as follows (amounts in millions):

 
Year Ended March 31,
 
2018
 
2017
Service costs
$
2.2

 
$
1.4

Interest costs
1.0

 
1.0

Amortization of actuarial loss
0.8

 

Settlements

 
0.5

Net pension period cost
$
4.0

 
$
2.9

Schedule of Changes in Projected Benefit Obligations
The change in projected benefit obligation and the accumulated benefit obligation, were as follows (amounts in millions):

 
Year Ended March 31,
 
2018
 
2017
Projected benefit obligation at the beginning of the year
$
50.4

 
$
40.3

Service cost
2.2

 
1.4

Interest cost
1.0

 
1.0

Settlements

 
0.5

Actuarial losses
0.7

 
7.9

Benefits paid
(0.8
)
 
(0.4
)
Foreign currency exchange rate changes
7.5

 
(0.3
)
Projected benefit obligation at the end of the year
$
61.0

 
$
50.4

Accumulated benefit obligation at the end of the year
$
55.5

 
$
45.6

Weighted average assumptions
 
 
 
Discount rate
1.73
%
 
1.82
%
Rate of compensation increase
2.91
%
 
2.90
%
Schedule of Assumptions Used
The change in projected benefit obligation and the accumulated benefit obligation, were as follows (amounts in millions):

 
Year Ended March 31,
 
2018
 
2017
Projected benefit obligation at the beginning of the year
$
50.4

 
$
40.3

Service cost
2.2

 
1.4

Interest cost
1.0

 
1.0

Settlements

 
0.5

Actuarial losses
0.7

 
7.9

Benefits paid
(0.8
)
 
(0.4
)
Foreign currency exchange rate changes
7.5

 
(0.3
)
Projected benefit obligation at the end of the year
$
61.0

 
$
50.4

Accumulated benefit obligation at the end of the year
$
55.5

 
$
45.6

Weighted average assumptions
 
 
 
Discount rate
1.73
%
 
1.82
%
Rate of compensation increase
2.91
%
 
2.90
%
Schedule of Expected Benefit Payments
Future estimated expected benefit payments for fiscal year 2019 through 2028 are as follows (amounts in millions):

Fiscal Year Ending March 31,
Expected Benefit Payments
2019
$
0.9

2020
0.9

2021
1.2

2022
1.6

2023
1.6

2024 through 2028
10.6

Total
$
16.8