Table:
|  | Years Ended March 31, |  |
| --- | --- | --- |
|  | 2019 | 2018 |
| Fair value of plan assets | $90,365 | $84,718 |
| Less: projected benefit obligations | 143,662 | 128,915 |
| Underfunded status | $(53,297) | $(44,197) |
Paragraphs:
The funded status of the plans was as follows:
(in thousands)
Question:
What is the percentage increase of projected benefit obligations in 2019 compared to 2018?
Answer: ($143662 - $128915) / $128915 = 11.44