Fair Value Measurements (Tables)

9 Months Ended

Dec. 31, 2015

Fair Value Disclosures [Abstract]

Financial Assets And Liabilities Measured At Fair Value On Recurring Basis

At December 31, 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:

	December 31, 2015
(in thousands of dollars)	Level 1		Level 2		Level 3		Total
Assets
Money market funds	$	—	$	26,578	$	—	$	26,578
Trading securities associated with deferred compensation plans	18,907		—		—		18,907
Forward foreign currency exchange contracts	—		540		—		540
Total financial assets measured and reported at fair value	$	18,907	$	27,118	$	—	$	46,025
Liabilities
Guarantees of bank loans to tobacco growers	$	—	$	—	$	1,469	$	1,469
Interest rate swap agreements	—		1,573		—		1,573
Forward foreign currency exchange contracts	—		90		—		90
Total financial liabilities measured and reported at fair value	$	—	$	1,663	$	1,469	$	3,132

	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

	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 nine months ended December 31, 2015 and 2014 is provided below.

	Nine Months Ended December 31,
(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)	(1,826		)	(2,392		)
Provision for loss or transfers from allowance for loss on direct loans to farmers (addition of current crop year loans)	1,851			2,332
Change in discount rate and estimated collection period	76			83
Currency remeasurement	(306		)	(304		)
Balance at end of period	$	1,469		$	1,989