XML 36 R40.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 8 Pension Plans (Tables)
12 Months Ended
Mar. 31, 2013
Pension and Other Postretirement Benefits Disclosure [Abstract]  
Defined Benefit Plan, Net Periodic Benefit Cost [Table Text Block]
 Year Ended March 31,
 2013 2012 2011
         
Service cost $ 96 $ 84 $ 71
Interest cost on projected benefit obligation   1,890   2,049   2,065
Expected return on plan assets   (1,517)   (1,713)   (1,546)
Transition obligation  2   2   2
Recognized actuarial loss  165   68   178
Net periodic pension expense $ 636 $ 490 $ 770
Schedule of Defined Benefit Plans Disclosures [Table Text Block]
 Net Amount Recognized (in thousands):
   Year Ended March 31,
   2013 2012
Change in projected benefit obligation     
 Projected benefit obligation at the beginning of the year$ 37,872 $ 37,530
  Service cost  96   84
  Interest cost  1,890   2,049
  Actuarial loss  4,984   833
  Benefits paid  (1,675)   (2,054)
  Foreign currency adjustment  (1,708)   (570)
 Projected benefit obligation at year end$ 41,459 $ 37,872
        
Change in plan assets     
 Fair value of plan assets at the beginning of the year$ 22,871 $ 23,315
  Actual return on plan assets  3,733   430
  Employer contribution  902   759
  Benefits paid from assets  (1,305)   (1,589)
  Foreign currency adjustment  (1,072)   (44)
 Plan assets at fair value at year end$ 25,129 $ 22,871
 Unfunded status of the plan at year end$ (16,330) $ (15,001)
        
Pension liability recognized on the balance sheet due after one year$ 16,330 $ 15,001
        
Plans with projected benefit obligation and accumulated benefit obligation in excess of plan assets:
  Projected benefit obligation at year end$ 41,459 $ 37,872
  Accumulated benefit obligation at year end$ 40,696 $ 37,235
  Plan assets at fair value at year end$ 25,129 $ 22,871
        
Amounts recognized in accumulated other comprehensive income (loss):
  Unrecognized actuarial loss (gross of taxes, $1,941 for 2013 and $1,523 for 2012)$ (8,076) $ (5,837)
  Amount recognized as component of stockholders’ equity – pretax$ (8,076) $ (5,837)
        
Accumulated benefit obligation at year end$ 40,696 $ 37,235
Defined Benefit Plan, Weighted Average Assumptions [Table Text Block]
 Weighted average actuarial assumptions used to determine benefit obligations for the plans were as follows:
      
   Year End March 31,
   2013 2012
Discount rate4.0-4.7% 5.2-5.7%
Expected long term rate of return on assets6.4-7.0% 6.7-7.0%
Salary scale1.5-6.0% 1.5-6.0%
Defined Benefit Plan, Plan Assets Fair Value [Table Text Block]
                           
    March 31, 2013 March 31, 2012
Description Level 1 Level 2 Level 3  Total Level 1 Level 2 Level 3  Total
Cash and cash funds $ 669 $ - $ - $ 669 $ 477 $ - $ - $ 477
Currency contracts   -   (15)   -   (15)   -   5   -   5
Equity   18,411   3   6   18,420   16,775   4   1   16,780
Fixed interest   1,479   4,525   2   6,006   1,078   4,483   5   5,566
Mortgage back security   -   11   -   11   -   9   -   9
Swaps   2   37   (1)   38   -   34   -   34
Total $ 20,561 $ 4,561 $ 7 $ 25,129 $ 18,330 $ 4,535 $ 6 $ 22,871
                           
Defined Benefit Plan, Estimated Future Benefit Payments [Table Text Block]
Fiscal Year Ended:Benefit Payment
March 31, 2014$ 1,402
March 31, 2015  1,483
March 31, 2016  1,571
March 31, 2017  1,770
March 31, 2018  1,781
Five fiscal years ended March 31, 2023  10,268
Total benefit payments for the ten fiscal years ended March 31, 2023$ 18,275