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Retirement Plans (tables)
12 Months Ended
Mar. 31, 2017
General Discussion Of Pension And Other Postretirement Benefits [Abstract]  
Schedule of Changes in Projected Benefit Obligations [Table Text Block]
20172016
(In thousands)
Change in Benefit Obligation
Benefit obligation at beginning of year$214,036$212,908
Service cost8,37510,502
Interest cost7,6338,902
Plan amendments92-
Actuarial (gain) loss(3,201)(11,340)
Benefit payments and expenses(10,913)(6,936)
Benefit obligation at end of year$216,022$214,036
Change in Plan Assets
Fair value of plan assets at beginning of year$176,238$157,948
Actual gain on plan assets34,3042,126
Employer contributions8,20023,100
Benefit payments and expenses(10,913)(6,936)
Fair value of plan assets at end of year$207,829$176,238
Unfunded Status$(8,193)$(37,798)
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block]
20172016
(In thousands)
Amounts Recognized in Accumulated Other
Comprehensive Pre-Tax Loss
Prior service cost$(826)$(843)
Net loss(17,580)(45,248)
Accumulated other comprehensive pre-tax loss$(18,406)$(46,091)
Schedule of Amounts Recognized In Other Comprehensive Income Loss [Table Text Block]
Pension and
post retirement plan
adjustments, net
of tax
(In thousands)
Accumulated Other Comprehensive Loss
Balance at March 31, 2016$(28,396)
Other comprehensive gain before reclassifications17,221
Reclassified from accumulated other comprehensive loss-
Net current period other comprehensive loss17,221
Balance at March 31, 2017$(11,175)
Schedule of Costs of Retirement Plans [Table Text Block]
The following table provides the components of net periodic benefit cost for the Plan for fiscal years 2017, 2016, and 2015:
201720162015
(In thousands)
Service cost$8,375$10,502$8,515
Interest cost7,6338,9028,236
Expected return on plan assets(12,696)(11,685)(11,360)
Amortization of net loss2,8583,854350
Prior service cost109109-
Net periodic benefit cost$6,279$11,682$5,741
Schedule of Assumptions Used [Table Text Block]
20172016
Weighted Average Assumptions for Balance Sheet Liability at End of Year:
Discount rate - projected benefit obligation4.35%4.36%
Expected return on plan assets7.25%7.25%
Rate of compensation increase3.00%3.00%
Weighted Average Assumptions for Benefit Cost at Beginning of Year:
Discount rate - pension expense4.34%4.15%
Discount rate - service cost4.67%4.15%
Discount rate - interest cost3.62%4.15%
Expected return on plan assets7.25%7.25%
Rate of compensation increase3.00%3.00%
Schedule of Allocation of Plan Assets [Table Text Block]
The Company's plan assets consist of the following:
TargetPercentage of Plan
AllocationAssets at March 31,
201820172016
Plan Assets
Equity securities99%99%99%
Debt securities---
Real estate---
Cash111
Total100%100%100%
Schedule Of Derivative Assets At Fair Value [Table Text Block]
20172016
Market Value Market Value
(In thousands)
Assets by Industry Type
Asset Category
Cash and cash equivalents:
Money market funds$1,585$1,497
Total cash and cash equivalents1,5851,497
Common equity securities:
Materials10,9529,379
Industrials25,38330,355
Telecommunication services 18,0609,325
Consumer staples43,64133,048
Energy16,11014,658
Financials33,81834,891
Health Care 17,58710,538
Information technology13,8879,681
Utilities26,80622,866
Total common equity securities206,244174,741
Total assets$207,829$176,238
Schedule of Expected Benefit Payments [Table Text Block]
Estimated future benefit payments reflecting expected future
service for the fiscal years ending March 31 (in thousands):
2018$7,784
20198,409
20208,995
20219,682
202210,295
2023-202761,816