Fair Value Measurements (Tables)

9 Months Ended

Dec. 31, 2014

Fair Value Disclosures [Abstract]

Financial Assets And Liabilities Measured At Fair Value On Recurring Basis

At December 31, 2014 and 2013, and at March 31, 2014, 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:

	December 31, 2014
(in thousands of dollars)	Level 1		Level 2		Level 3		Total
Assets
Money market funds	$	—	$	1,546	$	—	$	1,546
Trading securities associated with deferred compensation plans	20,417		—		—		20,417
Forward foreign currency exchange contracts	—		6,075		—		6,075
Total financial assets measured and reported at fair value	$	20,417	$	7,621	$	—	$	28,038
Liabilities
Guarantees of bank loans to tobacco growers	$	—	$	—	$	1,989	$	1,989
Forward foreign currency exchange contracts	—		270		—		270
Total financial liabilities measured and reported at fair value	$	—	$	270	$	1,989	$	2,259

	December 31, 2013
(in thousands of dollars)	Level 1		Level 2		Level 3		Total
Assets
Money market funds	$	—	$	71,527	$	—	$	71,527
Trading securities associated with deferred compensation plans	20,131		—		—		20,131
Forward foreign currency exchange contracts	—		1,260		—		1,260
Total financial assets measured and reported at fair value	$	20,131	$	72,787	$	—	$	92,918
Liabilities
Guarantees of bank loans to tobacco growers	$	—	$	—	$	3,450	$	3,450
Interest rate swap agreements	—		1,068		—		1,068
Total financial liabilities measured and reported at fair value	$	—	$	1,068	$	3,450	$	4,518

	March 31, 2014
(in thousands of dollars)	Level 1		Level 2		Level 3		Total
Assets
Money market funds	$	—	$	1,527	$	—	$	1,527
Trading securities associated with deferred compensation plans	19,754		—		—		19,754
Forward foreign currency exchange contracts	—		2,074		—		2,074
Total financial assets measured and reported at fair value	$	19,754	$	3,601	$	—	$	23,355
Liabilities
Guarantees of bank loans to tobacco growers	$	—	$	—	$	2,270	$	2,270
Interest rate swap agreements	—		936		—		936
Forward foreign currency exchange contracts	—		3,973		—		3,973
Total financial liabilities measured and reported at fair value	$	—	$	4,909	$	2,270	$	7,179

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

A reconciliation of the change in the balance of the financial liability for guarantees of bank loans to tobacco growers (Level 3) for the nine months ended December 31, 2014 and 2013 is provided below.

	Nine Months Ended December 31,
(in thousands of dollars)	2014			2013
Balance at beginning of year	$	2,270		$	4,235
Payments under the guarantees and transfers to allowance for loss on direct loans to farmers (removal of prior crop year loans from portfolio)	(2,392		)	(6,152		)
Provision for loss or transfers from allowance for loss on direct loans to farmers (addition of current crop year loans)	2,332			5,557
Change in discount rate and estimated collection period	83			85
Currency remeasurement	(304		)	(275		)
Balance at end of period	$	1,989		$	3,450