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Note 10 - Retirement Plans (Tables)
12 Months Ended
Mar. 31, 2023
Notes Tables  
Schedule of Changes in Projected Benefit Obligations [Table Text Block]
  

Fiscal Year:

 
  

2023

  

2022

 

Change in benefit obligation

        

Benefit obligation at beginning of year

 $275,001  $286,063 

Service cost

  7,429   8,483 

Interest cost

  9,254   7,721 

Actuarial gain

  (47,403)  (972)

Benefit payments and expenses

  (9,243)  (26,294)

Benefit obligation at end of year

 $235,038  $275,001 
         

Change in plan assets

        

Fair value of plan assets at beginning of year

 $327,867  $348,914 

Actual return on plan assets

  (23,169)  6,666 

Benefit payments and expenses

  (10,356)  (27,713)

Fair value of plan assets at end of year

 $294,342  $327,867 
         

Funded status

 $59,304  $52,866 
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block]
  

Fiscal Year:

 
  

2023

  

2022

  

2021

 

Amounts Recognized in Accumulated Other Comprehensive Pre-Tax Loss

            
             

Prior service cost

 $(75) $(167) $(258)

Net loss

  (28,310)  (36,136)  (26,265)

Accumulated other comprehensive pre-tax loss

 $(28,385) $(36,303) $(26,523)
Schedule of Defined Benefit Plans Disclosures [Table Text Block]
  Fiscal Year: 
  

2023

  

2022

  

2021

 

Service cost including administration

 $8,240  $9,508  $10,627 

Interest cost

  9,254   7,721   9,266 

Expected return on plan assets

  (16,104)  (17,114)  (15,804)

Amortization of net loss

  -   -   9,919 

Prior service cost

  91   91   91 

Net periodic benefit cost

 $1,481  $206  $14,099 
Defined Benefit Plan, Assumptions [Table Text Block]
  

Fiscal Year:

 
  

2023

  

2022

  

2021

 

Weighted Average Assumptions for Balance Sheet Liability at End of Year:

            
             

Discount rate - projected benefit obligation

  5.04%  3.81%  3.43%

Rate of compensation increase

  3.00%  3.00%  3.00%

Mortality table

 

Pri-2012 Blue Collar
Generational Table
Improvement Scale
MP-2021

  

Pri-2012 Blue Collar
Generational Table
Improvement Scale
MP-2021

  

Pri-2012 Blue Collar
Generational Table
Improvement Scale
MP-2020

 
             

Weighted Average Assumptions for Benefit Cost at Beginning of Year:

            
             

Discount rate - benefit obligations

  3.81%  3.43%  3.69%

Discount rate - interest cost

  3.52%  2.68%  3.30%

Discount rate - service cost

  3.93%  3.75%  3.87%

Expected return on plan assets

  5.00%  5.00%  7.25%

Rate of compensation increase

  3.00%  3.00%  3.00%
Schedule of Allocation of Plan Assets [Table Text Block]
  

Target

Allocation for:

  

Percentage of Plan

Assets as of:

 
  

Fiscal Year
2024

  

March 31,

2023

  

March 31,

2022

 

Equity securities

  16%  13%  21%

Debt securities

  80%  75%  61%

Real estate

  2%  8%  7%

Cash

  1%  1%  7%

Other

  1%  3%  4%

Total

  100%  100%  100%
Defined Benefit Plan, Plan Assets, Category [Table Text Block]
  

As of March 31, 2023

 
  

Level 1

  

Level 2

  

Level 3

 

`

 

Subtotal

  

Measured
at NAV (1)

  

Total

 

Equity securities

 $25,045  $-  $-   $25,045  $-  $25,045 

Held in common/collective trusts

                         

Equity securities

  -   -   -    -   12,639   12,639 

Real estate

  -   -   -    -   24,766   24,766 

Debt securities

  -   -   -    -   219,767   219,767 

Cash/short-term investments (2)

  -   -   -    -   2,799   2,799 

Other investments

  -   -   -    -   9,326   9,326 

Fair value of plan assets

 $25,045  $-  $-   $25,045  $269,297  $294,342 
  

As of March 31, 2022

 
  

Level 1

  

Level 2

  

Level 3

 

`

 

Subtotal

  

Measured
at NAV (1)

  

Total

 

Equity securities

 $29,427  $-  $-   $29,427  $-  $29,427 

Held in common/collective trusts

                         

Equity securities

  -   -   -    -   40,969   40,969 

Real estate

  -   -   -    -   23,200   23,200 

Debt securities

  -   -   -    -   200,224   200,225 

Cash/short-term investments (2)

  -   -   -    -   22,224   22,224 

Other investments

  -   -   -    -   11,822   11,822 

Fair value of plan assets

 $29,427  $-  $-   $29,427  $298,439  $327,867 
Schedule of Expected Contributions [Table Text Block]

Expected Employer Contributions

 

$

-

 

Expected Employee Contributions

 

$

-

 
Schedule of Expected Benefit Payments [Table Text Block]

2024

  $10,706 

2025

   11,446 

2026

   12,210 

2027

   12,975 

2028

   13,648 
2029 -2033   76,496