Fair Value Measurements (Tables)

6 Months Ended

Sep. 30, 2019

Fair Value Disclosures [Abstract]

Financial Assets And Liabilities Measured At Fair Value On Recurring Basis

At September 30, 2019 and 2018, and at March 31, 2019, 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:

	September 30, 2019
			Fair Value Hierarchy
(in thousands of dollars)	NAV		Level 1		Level 2		Level 3		Total
Assets
Money market funds	$	2,032	$	—	$	—	$	—	$	2,032
Trading securities associated with deferred compensation plans	—		16,100		—		—		16,100
Foreign currency exchange contracts	—		—		45		—		45
Total financial assets measured and reported at fair value	$	2,032	$	16,100	$	45	$	—	$	18,177
Liabilities
Guarantees of bank loans to tobacco growers	$	—	$	—	$	—	$	137	$	137
Interest rate swap agreements	—		—		21,381		—		21,381
Foreign currency exchange contracts	—		—		1,293		—		1,293
Total financial liabilities measured and reported at fair value	$	—	$	—	$	22,674	$	137	$	22,811

	September 30, 2018
			Fair Value Hierarchy
(in thousands of dollars)	NAV		Level 1		Level 2		Level 3		Total
Assets
Money market funds	$	1,708	$	—	$	—	$	—	$	1,708
Trading securities associated with deferred compensation plans	—		17,344		—		—		17,344
Interest rate swap agreements	—		—		10,205		—		10,205
Foreign currency exchange contracts	—		—		142		—		142
Total financial assets measured and reported at fair value	$	1,708	$	17,344	$	10,347	$	—	$	29,399
Liabilities
Guarantees of bank loans to tobacco growers	$	—	$	—	$	—	$	919	$	919
Foreign currency exchange contracts	—		—		384		—		384
Total financial liabilities measured and reported at fair value	$	—	$	—	$	384	$	919	$	1,303

	March 31, 2019
			Fair Value Hierarchy
(in thousands of dollars)	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
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
Foreign currency exchange contracts	—		—		386		—		386
Total financial liabilities measured and reported at fair value	$	—	$	—	$	6,737	$	803	$	7,540

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 six months ended September 30, 2019 and 2018 is provided below.

	Six Months Ended September 30,
(in thousands of dollars)	2019			2018
Balance at beginning of year	$	803		$	974
Payments under the guarantees and transfers to allowance for loss on direct loans to farmers (removal of prior crop year loans from portfolio)	(651		)	(688		)
Provision for loss or transfers from allowance for loss on direct loans to farmers (addition of current crop year loans)	(5		)	808
Change in discount rate and estimated collection period	(7		)	53
Currency remeasurement	(3		)	(228		)
Balance at end of period	$	137		$	919