Employee Benefits |
12 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Retirement Benefits [Abstract] | |
| Employee Benefits | Employee Benefits The Company provides defined contribution plans covering employees subject to minimum age and service guidelines. Eligible employees may contribute a percentage of their annual compensation subject to statutory guidelines. The Company makes non-discretionary contributions to the plans, which amounted to $8.4 million, $6.6 million and $6.0 million for the years ended March 31, 2026, 2025 and 2024, respectively, and are included in cash-based compensation in the consolidated statements of income (loss). One of the Company’s subsidiaries with non-U.S. operations maintains a defined benefit pension plan (the “Plan”). The Plan covers certain non-U.S. employees and provides benefits to such employees upon retirement, disability and/or death. As of March 31, 2026 and 2025, the Plan’s assets totaled $52.5 million and $40.1 million, respectively. As of March 31, 2026 and 2025, the underfunded pension obligation, based on the latest actuarial determination, was $0.1 million and $1.0 million, respectively, and is included in accrued compensation and benefits in the consolidated balance sheets. Net period benefit cost recognized was $1.8 million, $1.3 million and $1.0 million for the years ended March 31, 2026, 2025 and 2024, respectively, which is included in cash-based compensation in the consolidated statements of income (loss).
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