Fair Value Measurements (Tables)

3 Months Ended

Jun. 30, 2015

Fair Value Disclosures [Abstract]

Financial Assets And Liabilities Measured At Fair Value On Recurring Basis

At June 30, 2015 and 2014, and at March 31, 2015, 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, 2015
(in thousands of dollars)	Level 1		Level 2		Level 3		Total
Assets
Money market funds	$	—	$	1,574	$	—	$	1,574
Trading securities associated with deferred compensation plans	20,003		—		—		20,003
Interest rate swap agreements	—		1,960		—		1,960
Forward foreign currency exchange contracts	—		620		—		620
Total financial assets measured and reported at fair value	$	20,003	$	4,154	$	—	$	24,157
Liabilities
Guarantees of bank loans to tobacco growers	$	—	$	—	$	1,569	$	1,569
Forward foreign currency exchange contracts	—		360		—		360
Total financial liabilities measured and reported at fair value	$	—	$	360	$	1,569	$	1,929

	June 30, 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	20,582		—		—		20,582
Forward foreign currency exchange contracts	—		397		—		397
Total financial assets measured and reported at fair value	$	20,582	$	1,924	$	—	$	22,506
Liabilities
Guarantees of bank loans to tobacco growers	$	—	$	—	$	2,390	$	2,390
Interest rate swap agreements	—		887		—		887
Forward foreign currency exchange contracts	—		1,635		—		1,635
Total financial liabilities measured and reported at fair value	$	—	$	2,522	$	2,390	$	4,912

	March 31, 2015
(in thousands of dollars)	Level 1		Level 2		Level 3		Total
Assets
Money market funds	$	—	$	86,552	$	—	$	86,552
Trading securities associated with deferred compensation plans	20,692		—		—		20,692
Forward foreign currency exchange contracts	—		5,254		—		5,254
Total financial assets measured and reported at fair value	$	20,692	$	91,806	$	—	$	112,498
Liabilities
Guarantees of bank loans to tobacco growers	$	—	$	—	$	1,674	$	1,674
Interest rate swap agreements	—		3,050		—		3,050
Forward foreign currency exchange contracts	—		579		—		579
Total financial liabilities measured and reported at fair value	$	—	$	3,629	$	1,674	$	5,303

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 three months ended June 30, 2015 and 2014 is provided below.

	Three Months Ended June 30,
(in thousands of dollars)	2015			2014
Balance at beginning of year	$	1,674		$	2,270
Payments under the guarantees and transfers to allowance for loss on direct loans to farmers (removal of prior crop year loans from portfolio)	(272		)	(2		)
Provision for loss or transfers from allowance for loss on direct loans to farmers (addition of current crop year loans)	86			23
Change in discount rate and estimated collection period	32			36
Currency remeasurement	49			63
Balance at end of period	$	1,569		$	2,390