Employee Benefit Plans
|9 Months Ended|
Dec. 31, 2017
|Compensation And Retirement Disclosure [Abstract]|
|Employee Benefit Plans||
NOTE 10 – EMPLOYEE BENEFIT PLANS:
The components of pension cost are as follows:
The Company made contributions to its defined benefit pension plan during the nine months ended December 31, 2017 of $52 and does not expect to make any contributions to the plan for the balance of fiscal 2018.
The components of the postretirement benefit cost are as follows:
The Company paid no benefits related to its postretirement benefit plan during the nine months ended December 31, 2017. The Company expects to pay benefits of approximately $83 for the balance of fiscal 2018.
The Company self-funds the medical insurance coverage it provides to its U.S. based employees. The Company maintains a stop loss insurance policy in order to limit its exposure to claims. The liability of $134 and $174 on December 31, 2017 and March 31, 2017, respectively, related to the self-insured medical plan is primarily based upon claim history and is included in the caption “Accrued compensation” as a current liability in the Condensed Consolidated Balance Sheets.
The entire disclosure for pension and other postretirement benefits.
Reference 1: http://www.xbrl.org/2003/role/presentationRef