v3.25.1
RETIREMENT PLANS (Tables)
 12 Months Ended
Mar. 31, 2025
Retirement Benefits [Abstract]  
Summary of Assumptions Related to Retirement Plan
The following are assumptions related to the Plans:
March 31,
202520242023
Assumptions used to determine benefit obligations:
Discount rate5.5 %5.5 %5.4 %
Assumptions used to determine net pension expense:
Discount rate5.5 %5.4 %4.0 %
Schedule of Changes in Projected Benefit Obligations
The summary of the changes in the Restoration Plan's pension obligations:
March 31,
(in thousands)20252024
Benefit obligation at beginning of year$1,217 $1,261 
Interest cost64 65 
Actuarial gain11 (3)
Benefits paid(106)(106)
Benefit obligation at end of year$1,186 $1,217 
Accumulated benefit obligation$1,186 $1,217 
Summary of Amounts Recognized in Balance Sheet
The following summarizes amounts recognized in the balance sheets for the Restoration Plan:
March 31,
20252024
Current liabilities$(103)$(103)
Noncurrent liabilities(1,083)(1,114)
Unfunded status$(1,186)$(1,217)
Schedule of Pension Plan
Net pension expense for the Plans was:
Year Ended March 31,
202520242023
Interest cost on projected benefit obligation$64 $65 $56 
Net amortization and deferral2 2 42 
Pension plan termination (a)— — 453 
Net pension expense$66 $67 $551 
(a) Reflects impact of the termination of the Canadian Plan.
Summary of Expected Cash Benefit Payments
The following table summarizes the expected cash benefit payments for the Restoration Plan for fiscal years ending March 31 (in millions):
2026$0.1 
20270.1 
20280.1 
20290.1 
20300.1 
Thereafter0.5