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PENSION BENEFIT PLANS
 9 Months Ended
Dec. 31, 2022
Retirement Benefits [Abstract]  
PENSION BENEFIT PLANS PENSION BENEFIT PLANS
Certain of the Company's non-U.S. employees participate in noncontributory defined benefit pension plans. None of the Company's employees in the U.S. participate in any noncontributory defined benefit pension plans. In general, these plans are funded based on considerations relating to legal requirements, underlying asset returns, the plan's funded status, the anticipated deductibility of the contribution, local practices, market conditions, interest rates and other factors.
The following sets forth the components of the Company's net periodic pension cost of the noncontributory defined benefit pension plans for the three and nine months ended December 31, 2022 and 2021, respectively, (in thousands):
Three Months EndedNine Months Ended
December 31,December 31,
2022202120222021
Service cost$42 $41 $128 $129 
Interest cost85 83 261 263 
    Net periodic pension cost$127 $124 $389 $392 

Expected Contributions
During the nine months ended December 31, 2022, the Company made contributions of $0.3 million to its defined benefit pension plans. During the fiscal year ending March 31, 2023, the Company's cash contribution requirements for its defined benefit pension plans are expected to be less than $1.0 million. As a majority of the participants within the Company's plans are all active employees, the benefit payments are not expected to be material in the foreseeable future.