v3.26.1
Pensions and Other Benefit Plans (Tables)
 12 Months Ended
Mar. 31, 2026
Retirement Benefits [Abstract]  
Schedule of Net Benefit Costs The following provides a reconciliation of benefit obligation, plan assets, and funded status of the plans:
 March 31,
 20262025
Change in benefit obligation:
Benefit obligation at beginning of year$158,629 $268,025 
Acquired benefit obligation from the Kito Crosby Acquisition49,916 — 
Service cost730 477 
Interest cost7,653 9,783 
Actuarial (gain) loss(5,611)(5,937)
Benefits paid(13,580)(18,733)
Settlement— (95,080)
Foreign exchange rate changes3,284 94 
Benefit obligation at end of year$201,021 $158,629 
Change in plan assets:
Fair value of plan assets at beginning of year$94,240 $199,592 
Fair value of plan assets acquired from the Kito Crosby Acquisition35,953 — 
Actual gain (loss) on plan assets2,165 10,327 
Employer contribution4,487 5,136 
Benefits paid(13,580)(18,733)
Settlement— (95,080)
Assets transferred out related to plan termination (see below)— (6,974)
Foreign exchange rate changes(495)(28)
Fair value of plan assets at end of year$122,770 $94,240 
Funded status$(78,251)$(64,389)
Unrecognized actuarial loss(19,258)(16,867)
Net amount recognized$(97,509)$(81,256)
Amounts recognized in the consolidated balance sheets are as follows:        
 March 31,
 20262025
Other assets$8,844 $1,995 
Accrued liabilities(5,614)(3,709)
Other non-current liabilities(81,481)(62,675)
Accumulated other comprehensive loss, before tax(19,258)(16,867)
Net amount recognized$(97,509)$(81,256)
Net periodic pension cost included the following components:
Year Ended March 31,
 202620252024
Service costs—benefits earned during the period730 $477 $512 
Interest cost on projected benefit obligation7,653 9,783 13,548 
Expected return on plan assets(5,076)(7,348)(11,459)
Net amortization(1,027)484 360 
Settlement— 23,634 4,984 
Net periodic pension cost (benefit)$2,280 $27,030 $7,945 

Information for pension plans with a projected benefit obligation in excess of plan assets is as follows:
 March 31,
 20262025
Projected benefit obligation$87,095 $66,384 
Fair value of plan assets— — 

Information for pension plans with an accumulated benefit obligation in excess of plan assets is as follows:
 March 31,
 20262025
Accumulated benefit obligation$84,967 $64,219 
Fair value of plan assets— — 
The weighted-average assumptions in the following table represent the rates used to develop the actuarial present value of the projected benefit obligation for the year listed and also net periodic pension cost for the following year:

 202620252024
Discount rate4.79 %4.75 %4.82 %
Expected long-term rate of return on plan assets5.06 %5.05 %5.27 %
Rate of compensation increase on active plans2.96 %3.00 %3.00 %
Interest crediting rates used in cash balance pension plans4.64 %4.38 %4.95 %
The Company’s retirement plan target and actual asset allocations are as follows:
 TargetActual
 202720262025
Equity securities5%6%11%
Fixed income securities95%94%89%
Total plan assets100%100%100%
Information about the expected benefit payments for the Company’s defined benefit plans is as follows:
2027$18,295 
202818,709 
202918,535 
203018,389 
203116,951 
2032-203678,268 
The fair values of the Company’s defined benefit plans’ consolidated assets by asset category as of March 31 were as follows:
 March 31,
 20262025
Asset categories: 
Equity securities$6,843 $10,735 
Fixed income securities 8,439 83,216 
Common collective trusts104,258 — 
Cash equivalents3,230 289 
Total$122,770 $94,240 
Schedule of Changes in Fair Value of Plan Assets The fair values by category of inputs as of March 31, 2026 and March 31, 2025 were as follows:
 Measured at NAV (1)Quoted Prices
in Active
Markets for
Identical Assets		Significant other
observable
Inputs		Significant
unobservable
Inputs		 
As of March 31, 2026:
(Level 1)(Level 2)(Level 3)Total
Asset categories: 
Equity securities$3,112 $3,731 $— $— $6,843 
Fixed income securities4,155 — 4,284 — 8,439 
Common collective trusts104,258 — — — 104,258 
Cash equivalents955 2,275 — — 3,230 
Total$112,480 $6,006 $4,284 $— $122,770 
(1) Reflects the net asset value (NAV) practical expedient used to approximate fair value.
 Measured at NAV (1)Quoted Prices
in Active
Markets for
Identical Assets		Significant other
observable
Inputs		Significant
unobservable
Inputs
As of March 31, 2025:
(Level 1)(Level 2)(Level 3)Total
Asset categories:
Equity securities$— $10,735 $— $— $10,735 
Fixed income securities— 83,216 — — 83,216 
Cash equivalents— 289 — — 289 
Total$— $94,240 $— $— $94,240 
(1) Reflects the net asset value (NAV) practical expedient used to approximate fair value.