Derivatives And Hedging Activities (Tables)

3 Months Ended

Jun. 30, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Notional Amount of Forward Contracts

The aggregate U.S. dollar notional amount of forward contracts entered for these purposes during the first three months of fiscal years 2016 and 2015, was as follows:

	Three Months Ended June 30,
(in millions of dollars)	2015		2014
Tobacco purchases	$	19.1	$	53.8
Processing costs	5.1		12.3
Total	$	24.2	$	66.1

Effect Of Derivative Financial Instruments On The Consolidated Statements Of Income

The table below outlines the effects of the Company’s use of derivative financial instruments on the consolidated statements of income for the three-month periods ended June 30, 2015 and 2014:

	Three Months Ended June 30,
(in thousands of dollars)	2015			2014
Cash Flow Hedges - Interest Rate Swap Agreements
Derivative
Effective Portion of Hedge
Gain (loss) recorded in accumulated other comprehensive loss	$	3,676		$	(159	)
Gain (loss) reclassified from accumulated other comprehensive loss into earnings	$	(1,335	)	$	(207	)
Location of gain (loss) reclassified from accumulated other comprehensive loss into earnings	Interest expense
Ineffective Portion of Hedge
Gain (loss) recognized in earnings	$	—		$	—
Location of gain (loss) recognized in earnings	Selling, general and administrative expenses
Hedged Item
Description of hedged item	Floating rate interest payments on term loan
Cash Flow Hedges - Forward Foreign Currency Exchange Contracts
Derivative
Effective Portion of Hedge
Gain (loss) recorded in accumulated other comprehensive loss	$	1,182		$	1,653
Gain (loss) reclassified from accumulated other comprehensive loss into earnings	$	14		$	251
Location of gain (loss) reclassified from accumulated other comprehensive loss into earnings	Cost of goods sold
Ineffective Portion and Early De-designation of Hedges
Gain (loss) recognized in earnings	$	1,418		$	227
Location of gain (loss) recognized in earnings	Selling, general and administrative expenses
Hedged Item
Description of hedged item	Forecast purchases of tobacco in Brazil
Derivatives Not Designated as Hedges - Forward Foreign Currency Exchange Contracts
Gain (loss) recognized in earnings	$	(2,144	)	$	(1,295	)
Location of gain (loss) recognized in earnings	Selling, general and administrative expenses

Effect Of Derivative Financial Instruments On The Consolidated Balance Sheets

The table below outlines the effects of the Company’s derivative financial instruments on the consolidated balance sheets at June 30, 2015 and 2014, and March 31, 2015:

	Derivatives in a Fair Value Asset Position							Derivatives in a Fair Value Liability Position
	Balance Sheet Location	Fair Value as of						Balance Sheet Location	Fair Value as of
(in thousands of dollars)		June 30, 2015		June 30, 2014		March 31, 2015			June 30, 2015		June 30, 2014		March 31, 2015
Derivatives Designated as Hedging Instruments
Interest rate swap agreements	Other non-current assets	$	1,961	$	—	$	—	Other long-term liabilities	$	—	$	887	$	3,050
Forward foreign currency exchange contracts	Other current assets	117		276		106		Accounts payable and accrued expenses	207		—		396
Total		$	2,078	$	276	$	106		$	207	$	887	$	3,446
Derivatives Not Designated as Hedging Instruments
Forward foreign currency exchange contracts	Other current assets	$	503	$	121	$	5,148	Accounts payable and accrued expenses	$	153	$	1,635	$	183
Total		$	503	$	121	$	5,148		$	153	$	1,635	$	183