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Fair Value Measurements (Tables)
12 Months Ended
Mar. 31, 2017
Fair Value Disclosures [Abstract]  
Financial Assets And Liabilities Measured At Fair Value On Recurring Basis
At March 31, 2017 and 2016, 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 or the NAV practical expedient:
 
 
March 31, 2017
 
 
 
 
Fair Value Hierarchy
 
 
 
 
NAV
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets
 
 
 
 
 
 
 
 
 
 
Money market funds
 
$
137,145

 
$

 
$

 
$

 
$
137,145

Trading securities associated with deferred compensation plans
 

 
17,726

 

 

 
17,726

Interest rate swap agreements
 

 

 
2,149

 

 
2,149

Forward foreign currency exchange contracts
 

 

 
973

 

 
973

Total financial assets measured and reported at fair value
 
$
137,145

 
$
17,726

 
$
3,122

 
$

 
$
157,993

 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
Guarantees of bank loans to tobacco growers
 
$

 
$

 
$

 
$
1,177

 
$
1,177

Forward foreign currency exchange contracts
 

 

 
175

 

 
175

Total financial liabilities measured and reported at fair value
 
$

 
$

 
$
175

 
$
1,177

 
$
1,352

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
March 31, 2016
 
 
 
 
Fair Value Hierarchy
 
 
 
 
NAV
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets
 
 
 
 
 
 
 
 
 
 
Money market funds
 
$
116,618

 
$

 
$

 
$

 
$
116,618

Trading securities associated with deferred compensation plans
 

 
17,817

 

 

 
17,817

Forward foreign currency exchange contracts
 

 

 
772

 

 
772

 Total financial assets measured and reported at fair value
 
$
116,618

 
$
17,817

 
$
772

 
$

 
$
135,207

 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
Guarantees of bank loans to tobacco growers
 
$

 
$

 
$

 
$
1,628

 
$
1,628

Interest rate swap agreements
 

 

 
10,766

 

 
10,766

Forward foreign currency exchange contracts
 

 

 
5

 

 
5

 Total financial liabilities measured and reported at fair value
 
$

 
$

 
$
10,771

 
$
1,628

 
$
12,399

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 fiscal years ended March 31, 2017 and 2016 is provided below.
 
 
Fiscal Year Ended March 31,
 
 
2017
 
2016
Balance at beginning of year
 
$
1,628

 
$
1,674

Payments under the guarantees and transfers to allowance for loss on direct loans to farmers (removal of prior crop year loans from the portfolio)
 
(2,550
)
 
(1,826
)
Provision for loss or transfers from allowance for loss on direct loans to farmers (addition of current crop year loans)
 
1,854

 
1,834

Change in discount rate and estimated collection period
 
59

 
106

Currency remeasurement
 
186

 
(160
)
Balance at end of year
 
$
1,177

 
$
1,628