Retirement Plans (Tables)
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12 Months Ended |
Mar. 31, 2026 |
| Retirement Benefits [Abstract] |
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| Components Of Net Periodic Pension Cost |
Net periodic pension cost for fiscal 2026, 2025 and 2024, includes the following components: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | United States Plans | | International Plans | | | | Fiscal year ended March 31, | | Fiscal year ended March 31, | | | | 2026 | | 2025 | | 2024 | | 2026 | | 2025 | | 2024 | | Service cost | | $ | — | | | $ | — | | | $ | — | | | $ | 1,080 | | | $ | 954 | | | $ | 884 | | | Interest cost | | — | | | 491 | | | 657 | | | 1,726 | | | 2,501 | | | 2,215 | | | Expected return on plan assets | | 97 | | | (141) | | | (424) | | | (252) | | | (1,421) | | | (1,244) | | | Amortization and deferral | | — | | | (61) | | | — | | | 301 | | | 582 | | | 326 | | | Settlement (loss) gain | | — | | | (1,548) | | | — | | | 9,711 | | | — | | | — | | | Net periodic benefit cost | | $ | 97 | | | $ | (1,259) | | | $ | 233 | | | $ | 12,566 | | | $ | 2,616 | | | $ | 2,181 | |
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| Summary Of Change In Projected Benefit Obligation |
The following table sets forth a reconciliation of the related benefit obligation, plan assets, and accrued benefit costs related to the pension benefits provided by the Company for those employees covered by defined benefit plans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | United States Plans | | International Plans | | | | March 31, | | March 31, | | | 2026 | | 2025 | | 2026 | | 2025 | | Change in projected benefit obligation | | | | | | | | | | Benefit obligation at the beginning of the period | | $ | — | | | $ | 13,313 | | | $ | 53,802 | | | $ | 55,806 | | | Service cost | | — | | | — | | | 1,080 | | | 954 | | | Interest cost | | — | | | 491 | | | 1,726 | | | 2,501 | | | | | | | | | | | | Benefits paid, inclusive of plan expenses | | — | | | (635) | | | (2,382) | | | (2,759) | | | Plan curtailments and settlements | | — | | | (13,338) | | | (27,349) | | | — | | | Plan combinations | | — | | | — | | | — | | | — | | | Actuarial (gains) losses | | — | | | 169 | | | (1,810) | | | (3,601) | | | Foreign currency translation adjustment | | | | | | 2,721 | | | 901 | | | Benefit obligation at the end of the period | | $ | — | | | $ | — | | | $ | 27,788 | | | $ | 53,802 | |
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| Summary Of Change In Plan Assets |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | Change in plan assets | | | | | | | | | | Fair value of plan assets at the beginning of the period | | $ | 1,157 | | | $ | 15,153 | | | $ | 30,164 | | | $ | 32,563 | | | Actual return on plan assets | | (97) | | | (23) | | | (587) | | | (2,075) | | | Employer contributions | | (1,060) | | | — | | | 1,877 | | | 1,720 | | | Benefits paid, inclusive of plan expenses | | — | | | (635) | | | (2,382) | | | (2,759) | | | Plan curtailments and settlements | | — | | | (13,338) | | | (27,349) | | | — | | | Foreign currency translation adjustment | | — | | | — | | | 1,184 | | | 715 | | | Fair value of plan assets at the end of the period | | $ | — | | | $ | 1,157 | | | $ | 2,907 | | | $ | 30,164 | | | Funded status surplus (deficit) | | $ | — | | | $ | 1,157 | | | $ | (24,881) | | | $ | (23,638) | |
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| Summary Of Amounts Recognized In The Balance Sheets |
| | | | | | | | | | | | | | | | | | March 31, | | | | 2026 | | 2025 | | Amounts recognized in the Consolidated Balance Sheets consist of: | | | | | | Non-current assets | | $ | 2,599 | | | $ | 4,409 | | | Accrued expenses | | (1,585) | | | (1,583) | | | Other liabilities | | (25,895) | | | (25,307) | | | Funded status deficit | | $ | (24,881) | | | $ | (22,481) | |
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| Summary Of Amounts In AOCI Before Taxes |
The following table represents pension components (before tax) and related changes (before tax) recognized in AOCI for the Company’s pension plans for the years ended March 31, 2026, 2025 and 2024: | | | | | | | | | | | | | | | | | | | | | | | | Fiscal year ended March 31, | | | | 2026 | | 2025 | | 2024 | | Amounts recorded in AOCI before taxes: | | | | | | | | Prior service cost | | $ | (1) | | | $ | (43) | | | $ | (85) | | | Net loss | | (675) | | | (11,145) | | | (9,590) | | | Net amount recognized | | $ | (676) | | | $ | (11,188) | | | $ | (9,675) | |
The following table represents changes in plan assets and benefit obligations recognized in AOCI for the Company’s pension plans for the years ended March 31, 2026, 2025 and 2024:
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| Summary Of Changes In AOCI |
| | | | | | | | | | | | | | | | | | | | | | | | Fiscal year ended March 31, | | | | 2026 | | 2025 | | 2024 | | Changes in plan assets and benefit obligations: | | | | | | | | Net loss (gain) arising during the year | | $ | (971) | | | $ | 228 | | | $ | 7,439 | | | Effect of exchange rates on amounts included in AOCI | | 471 | | | 260 | | | 127 | | | Amounts recognized as a component of net periodic benefit costs: | | | | | | | | Amortization of prior service cost | | (45) | | | (42) | | | (42) | | | Amortization or settlement recognition of net loss | | (9,966) | | | 1,069 | | | (284) | | | Total recognized in other comprehensive (income) loss | | $ | (10,511) | | | $ | 1,515 | | | $ | 7,240 | |
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| Summary Of Recognized Components Of Net Periodic Pension Cost Included In Accumulated Other Comprehensive Income |
The amounts included in AOCI as of March 31, 2026 that are expected to be recognized as components of net periodic pension cost (before tax) during the next twelve months are as follows: | | | | | | | Prior service cost | $ | 1 | | | Net loss | (10) | | | Net amount expected to be recognized | $ | (9) | | | |
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| Summary Of Accumulated Benefit Obligation Related To All Defined Pension Plans |
The accumulated benefit obligation related to all defined benefit pension plans and information related to unfunded and underfunded defined benefit pension plans at the end of each fiscal year are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | United States Plans | | International Plans | | | | March 31, | | March 31, | | | | 2026 | | 2025 | | 2026 | | 2025 | | All defined benefit plans: | | | | | | | | | | Accumulated benefit obligation | | $ | — | | | $ | — | | | $ | 26,152 | | | $ | 51,690 | | | Unfunded defined benefit plans: | | | | | | | | | | Projected benefit obligation | | $ | — | | | $ | — | | | $ | 27,474 | | | $ | 26,871 | | | Accumulated benefit obligation | | — | | | — | | | 25,868 | | | 24,787 | | | Defined benefit plans with a projected benefit obligation in excess of the fair value of plan assets: | | | | | | | | | | Projected benefit obligation | | $ | — | | | $ | — | | | $ | 27,788 | | | $ | 27,214 | | | Fair value of plan assets | | — | | | — | | | 308 | | | 325 | | | Defined benefit plans with an accumulated benefit obligation in excess of the fair value of plan assets: | | | | | | | | | | Projected benefit obligation | | $ | — | | | $ | — | | | $ | 27,474 | | | $ | 26,871 | | | Accumulated benefit obligation | | — | | | — | | | 25,868 | | | 24,787 | | | Fair value of plan assets | | — | | | — | | | — | | | — | |
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| Significant Assumptions Used To Determine The Net Periodic Benefit Cost |
Significant assumptions used to determine the net periodic benefit cost for the U.S. and International plans were as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | United States Plans | | International Plans | | | | Fiscal year ended March 31, | | Fiscal year ended March 31, | | | | 2026 | | 2025 | | 2024 | | 2026 | | 2025 | | 2024 | | Discount rate | | N/A | | 5.2 | % | | 4.9 | % | | 3.3%-5.9% | | 3.8%-5.3% | | 3.5%-6% | | Expected return on plan assets | | N/A | | 3.25 | | | 5.5 | | | 5.3-5.75 | | 4.8-5.0 | | 4-4.7 | | Rate of compensation increase | | N/A | | N/A | | N/A | | 2.0-4.5 | | 2.5-4.5 | | 2.3-4.5 |
N/A = not applicable
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| Significant Assumptions Used To Determine The Projected Benefit Obligations |
Significant assumptions used to determine the projected benefit obligations for the U.S. and International plans were as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | United States Plans | | International Plans | | | | March 31, | | March 31, | | | | 2026 | | 2025 | | 2026 | | 2025 | | Discount rate | | N/A | | N/A | | 3.3%-5.1% | | 3.3%-5.9% | | | | | | | | | | | Rate of compensation increase | | N/A | | N/A | | 2.0-4.0 | | 2.0-4.5 |
N/A = not applicable
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| Summary Of Pension Plan Investments Measured At Fair Value |
The following table represents the Company's pension plan investments measured at fair value as of March 31, 2026 and 2025 and the basis for that measurement:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | March 31, 2026 | | | | United States Plans | | International Plans | | | | Total Fair Value Measurement | | Quoted Price In Active Markets for Identical Assets (Level 1) | | Significant Other Observable Inputs (Level 2) | | Significant Unobservable Inputs (Level 3) | | Total Fair Value Measurement | | Quoted Price In Active Markets for Identical Assets (Level 1) | | Significant Other Observable Inputs (Level 2) | | Significant Unobservable Inputs (Level 3) | | Asset category: | | | | | | | | | | | | | | | | | | Cash and cash equivalents | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 2,599 | | | $ | 2,599 | | | $ | — | | | $ | — | | Fixed income(a) | | — | | | — | | | — | | | — | | | 308 | | | — | | | 308 | | | — | | Other investments(b) | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Total | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 2,907 | | | $ | 2,599 | | | $ | 308 | | | $ | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | March 31, 2025 | | | | United States Plans | | International Plans | | | | Total Fair Value Measurement | | Quoted Price In Active Markets for Identical Assets (Level 1) | | Significant Other Observable Inputs (Level 2) | | Significant Unobservable Inputs (Level 3) | | Total Fair Value Measurement | | Quoted Price In Active Markets for Identical Assets (Level 1) | | Significant Other Observable Inputs (Level 2) | | Significant Unobservable Inputs (Level 3) | | Asset category: | | | | | | | | | | | | | | | | | | Cash and cash equivalents | | $ | 1,157 | | | $ | 1,157 | | | $ | — | | | $ | — | | | $ | 3,252 | | | $ | 3,252 | | | $ | — | | | $ | — | | Fixed income(a) | | — | | | — | | | — | | | — | | | 324 | | | — | | | 324 | | | — | | Other investments(b) | | — | | | — | | | — | | | — | | | 26,588 | | | — | | | — | | | 26,588 | | | Total | | $ | 1,157 | | | $ | 1,157 | | | $ | — | | | $ | — | | | $ | 30,164 | | | $ | 3,252 | | | $ | 324 | | | $ | 26,588 | |
The fair values presented above were determined based on valuation techniques to measure fair value as discussed in Note 1. (a)Fixed income consists primarily of investment grade bonds from diversified industries. (b)Other investments consists of a buy-in annuity insurance contract. The fair value of the buy-in policy is set equal to the value of the obligations as determined by the actuary. This value is considered Level 3 due to the use of the significant unobservable inputs. Level 3 Rollforward
The following presents our Level 3 Rollforward for our defined pension plan assets:
| | | | | | | Beginning of year balance as of March 31, 2024 | $ | 28,497 | | | Actual return on plan assets, relating to assets still held at the reporting date | (1,511) | | | Purchases | (1,024) | | | Change due to exchange rate changes | 626 | | | End of year balance as of March 31, 2025 | $ | 26,588 | | | Actual return on plan assets, relating to assets still held at the reporting date | (562) | | | Plan Settlements | (27,185) | | | Change due to exchange rate changes | 1,159 | | | End of year balance as of March 31, 2026 | $ | — | |
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| Summary Of Estimated Future Benefit Payments |
Estimated future benefit payments under the Company’s pension plans are as follows: | | | | | | | | | | 2027 | $ | 1,620 | | | 2028 | 1,663 | | | 2029 | 2,226 | | | 2030 | 2,627 | | | 2031 | 2,145 | | | Years 2032-2036 | 13,230 | |
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