Accumulated Other Comprehensive Loss (Tables)

12 Months Ended

Mar. 31, 2024

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Components of Accumulated Other Comprehensive (Loss) Income

The components of accumulated other comprehensive loss is as follows:


	March 31,
	2024		2023
Foreign currency translation adjustment – net of tax	$	(32,785)	$	(32,352)
Pension liability – net of tax	(12,924)		(13,736)
Postretirement obligations – net of tax	1,675		1,769
Split-dollar life insurance arrangements – net of tax	553		(833)
Derivatives qualifying as hedges – net of tax	3,804		7,109

Accumulated other comprehensive loss	$	(39,677)	$	(38,043)

Changes in accumulated other comprehensive income by component are as follows (in thousands):


	March 31, 2024
		Retirement Obligations		Foreign Currency		Change in Derivatives Qualifying as Hedges		Total
Beginning balance net of tax		$	(12,800)	$	(32,352)	$	7,109	(38,043)
Other comprehensive income (loss) before reclassification		(1,979)		(433)		6,907		4,495
Amounts reclassified from other comprehensive loss to net income		4,083		—		(10,212)		(6,129)
Net current period other comprehensive (loss) income		2,104		(433)		(3,305)		(1,634)
Ending balance net of tax		$	(10,696)	$	(32,785)	$	3,804	$	(39,677)


	March 31, 2023
		Retirement Obligations		Foreign Currency		Change in Derivatives Qualifying as Hedges		Total
Beginning balance net of tax		$	(21,043)	$	(28,079)	$	(777)	(49,899)
Other comprehensive income (loss) before reclassification		7,755		(4,273)		12,385		15,867
Amounts reclassified from other comprehensive loss to net income		488		—		(4,499)		(4,011)
Net current period other comprehensive (loss) income		8,243		(4,273)		7,886		11,856
Ending balance net of tax		$	(12,800)	$	(32,352)	$	7,109	$	(38,043)

Schedule of Reclassification Out of Accumulated Other Comprehensive Loss

Details of amounts reclassified out of accumulated other comprehensive loss for the year ended March 31, 2024 are as follows (in thousands):


Details of AOCL Components	Amount reclassified from AOCL		Affected line item on consolidated statement of operations






Net pension amount unrecognized
	$	5,344	(1)
	5,344		Total before tax
	(1,261)		Tax benefit
	$	4,083	Net of tax

Change in derivatives qualifying as hedges
	$	38	Cost of products sold
	(12,861)		Interest expense
	(663)		Foreign currency
	(13,486)		Total before tax
	3,274		Tax benefit
	$	(10,212)	Net of tax

(1)These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. (See Note 13 — Pensions and Other Benefit Plans for additional details.)

Details of amounts reclassified out of accumulated other comprehensive loss for the year ended March 31, 2023 are as follows (in thousands):


Details of AOCL Components	Amount reclassified from AOCL		Affected line item on consolidated statement of operations






Net pension amount unrecognized
	$	652	(1)
	652		Total before tax
	(164)		Tax benefit
	$	488	Net of tax

Change in derivatives qualifying as hedges
	$	267	Cost of products sold
	(3,144)		Interest expense
	(3,096)		Foreign currency
	(5,973)		Total before tax
	1,474		Tax benefit
	$	(4,499)	Net of tax

(1)These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. (See Note 13 — Pensions and Other Benefit Plans for additional details.)