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Fair Value Measurements (Tables)
3 Months Ended
Jun. 30, 2013
Fair Value Disclosures [Abstract]  
Financial Assets And Liabilities Measured At Fair Value On Recurring Basis
At June 30, 2013, June 30, 2012 and March 31, 2013, the Company had certain financial assets and financial liabilities that were required to be measured and reported at fair value on a recurring basis. These assets and liabilities are listed in the tables below and are classified based on how their values were determined under the fair value hierarchy:
 
 
June 30, 2013
(in thousands of dollars)
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
 
Money market funds
 
$

 
$
1,526

 
$

 
$
1,526

Trading securities associated with deferred compensation plans
 
18,423

 

 

 
18,423

Forward foreign currency exchange contracts
 

 
2

 

 
2

Total financial assets measured and reported at fair value
 
$
18,423

 
$
1,528

 
$

 
$
19,951

 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
Guarantees of bank loans to tobacco growers
 
$

 
$

 
$
3,800

 
$
3,800

Interest rate swap agreements
 

 
1,142

 

 
1,142

Forward foreign currency exchange contracts
 

 
4,794

 

 
4,794

Total financial liabilities measured and reported at fair value
 
$

 
$
5,936

 
$
3,800

 
$
9,736



 
 
June 30, 2012
(in thousands of dollars)
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
 
Money market funds
 
$

 
$
1,524

 
$

 
$
1,524

Trading securities associated with deferred compensation plans
 
18,437

 

 

 
18,437

Forward foreign currency exchange contracts
 

 
354

 

 
354

Total financial assets measured and reported at fair value
 
$
18,437

 
$
1,878

 
$

 
$
20,315

 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
Guarantees of bank loans to tobacco growers
 
$

 
$

 
$
1,994

 
$
1,994

Interest rate swap agreements
 

 
1,779

 

 
1,779

Forward foreign currency exchange contracts
 

 
2,236

 

 
2,236

Total financial liabilities measured and reported at fair value
 
$

 
$
4,015

 
$
1,994

 
$
6,009


 
 
March 31, 2013
(in thousands of dollars)
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
 
Money market funds
 
$

 
$
174,551

 
$

 
$
174,551

Trading securities associated with deferred compensation plans
 
19,168

 

 

 
19,168

Forward foreign currency exchange contracts
 

 

 

 

Total financial assets measured and reported at fair value
 
$
19,168

 
$
174,551

 
$

 
$
193,719

 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
Guarantees of bank loans to tobacco growers
 
$

 
$

 
$
4,235

 
$
4,235

Interest rate swap agreements
 

 
1,679

 

 
1,679

Forward foreign currency exchange contracts
 

 
1,141

 

 
1,141

Total financial liabilities measured and reported at fair value
 
$

 
$
2,820

 
$
4,235

 
$
7,055


Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
A reconciliation of the change in the balance of the financial liability for guarantees of bank loans to tobacco growers (Level 3) for the three months ended June 30, 2013 and 2012 is provided below.

 
 
Three Months Ended June 30,
(in thousands of dollars)
 
2013
 
2012
 
 
 
 
 
Balance at beginning of year
 
$
4,235

 
$
5,932

Transfer to allowance for loss on direct loans to farmers (removal of prior crop year loans from portfolio)
 
(2,284
)
 
(4,075
)
Provision for loss or transfer from allowance for loss on direct loans to farmers (addition of current crop year loans)
 
1,927

 
291

Change in discount rate and estimated collection period
 
24

 
32

Currency remeasurement
 
(102
)
 
(186
)
Balance at end of period
 
$
3,800

 
$
1,994