Fair Value Measurements (Tables)

9 Months Ended

Dec. 31, 2019

Fair Value Disclosures [Abstract]

Financial Assets And Liabilities Measured At Fair Value On Recurring Basis

At December 31, 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:

	December 31, 2019
			Fair Value Hierarchy
(in thousands of dollars)	NAV		Level 1		Level 2		Level 3		Total
Assets
Money market funds	$	4,003	$	—	$	—	$	—	$	4,003
Trading securities associated with deferred compensation plans	—		16,410		—		—		16,410
Foreign currency exchange contracts	—		—		1,789		—		1,789
Total financial assets measured and reported at fair value	$	4,003	$	16,410	$	1,789	$	—	$	22,202
Liabilities
Guarantees of bank loans to tobacco growers	$	—	$	—	$	—	$	131	$	131
Interest rate swap agreements	—		—		15,978		—		15,978
Foreign currency exchange contracts	—		—		1,211		—		1,211
Total financial liabilities measured and reported at fair value	$	—	$	—	$	17,189	$	131	$	17,320

	December 31, 2018
			Fair Value Hierarchy
(in thousands of dollars)	NAV		Level 1		Level 2		Level 3		Total
Assets
Money market funds	$	1,716	$	—	$	—	$	—	$	1,716
Trading securities associated with deferred compensation plans	—		15,115		—		—		15,115
Interest rate swap agreements	—		—		6,075		—		6,075
Foreign currency exchange contracts	—		—		697		—		697
Total financial assets measured and reported at fair value	$	1,716	$	15,115	$	6,772	$	—	$	23,603
Liabilities
Guarantees of bank loans to tobacco growers	$	—	$	—	$	—	$	784	$	784
Foreign currency exchange contracts	—		—		34		—		34
Total financial liabilities measured and reported at fair value	$	—	$	—	$	34	$	784	$	818

	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 nine months ended December 31, 2019 and 2018 is provided below.

	Nine Months Ended December 31,
(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)	(661		)	(777		)
Provision for loss or transfers from allowance for loss on direct loans to farmers (addition of current crop year loans)	(5		)	746
Change in discount rate and estimated collection period	(7		)	44
Currency remeasurement	1			(203		)
Balance at end of period	$	131		$	784