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Fair Value Measurements (Tables)
12 Months Ended
Mar. 31, 2019
Fair Value Disclosures [Abstract]  
Financial Assets And Liabilities Measured At Fair Value On Recurring Basis
At March 31, 2019 and 2018, 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, 2019
 
 
 
 
Fair Value Hierarchy
 
 
 
 
NAV
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets
 
 
 
 
 
 
 
 
 
 
Money market funds
 
$
156,864

 
$

 
$

 
$

 
$
156,864

Trading securities associated with deferred compensation plans
 

 
16,315

 

 

 
16,315

Forward foreign currency exchange contracts
 

 

 
540

 

 
540

Total financial assets measured and reported at fair value
 
$
156,864

 
$
16,315

 
$
540

 
$

 
$
173,719

 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
Guarantees of bank loans to tobacco growers
 
$

 
$

 
$

 
$
803

 
$
803

Interest rate swap agreements
 

 

 
6,351

 

 
6,351

Forward foreign currency exchange contracts
 

 

 
386

 

 
386

Total financial liabilities measured and reported at fair value
 
$

 
$

 
$
6,737

 
$
803

 
$
7,540

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
March 31, 2018
 
 
 
 
Fair Value Hierarchy
 
 
 
 
NAV
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets
 
 
 
 
 
 
 
 
 
 
Money market funds
 
$
89,767

 
$

 
$

 
$

 
$
89,767

Trading securities associated with deferred compensation plans
 

 
17,519

 

 

 
17,519

Interest rate swap agreements
 

 

 
8,262

 

 
8,262

Forward foreign currency exchange contracts
 

 

 
360

 

 
360

 Total financial assets measured and reported at fair value
 
$
89,767

 
$
17,519

 
$
8,622

 
$

 
$
115,908

 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
Guarantees of bank loans to tobacco growers
 
$

 
$

 
$

 
$
974

 
$
974

Forward foreign currency exchange contracts
 

 

 
392

 

 
392

 Total financial liabilities measured and reported at fair value
 
$

 
$

 
$
392

 
$
974

 
$
1,366

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, 2019 and 2018 is provided below.
 
 
Fiscal Year Ended March 31,
 
 
2019
 
2018
Balance at beginning of year
 
$
974

 
$
1,177

Payments under the guarantees and transfers to allowance for loss on direct loans to farmers (removal of prior crop year loans from the portfolio)
 
(765
)
 
(1,210
)
Provision for loss or transfers from allowance for loss on direct loans to farmers (addition of current crop year loans)
 
749

 
1,044

Change in discount rate and estimated collection period
 
53

 
28

Currency remeasurement
 
(208
)
 
(65
)
Balance at end of year
 
$
803

 
$
974