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Fair Value Measurements (Tables)
12 Months Ended
Mar. 31, 2020
Fair Value Disclosures [Abstract]  
Financial Assets And Liabilities Measured At Fair Value On Recurring Basis
At March 31, 2020 and 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:
 
 
March 31, 2020
 
 
 
 
Fair Value Hierarchy
 
 
 
 
NAV
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets
 
 
 
 
 
 
 
 
 
 
Money market funds
 
$
4,011

 
$

 
$

 
$

 
$
4,011

Trading securities associated with deferred compensation plans
 

 
12,635

 

 

 
12,635

Forward foreign currency exchange contracts
 

 

 
314

 

 
314

Total financial assets measured and reported at fair value
 
$
4,011

 
$
12,635

 
$
314

 
$

 
$
16,960

 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
Guarantees of bank loans to tobacco growers
 
$

 
$

 
$

 
$
103

 
$
103

Acquisition-related contingent consideration obligations - short-term
 

 

 

 
4,173

 
4,173

Acquisition-related contingent consideration obligations - long-term
 

 

 

 
2,532

 
2,532

Interest rate swap agreements
 

 

 
37,163

 

 
37,163

Forward foreign currency exchange contracts
 

 

 
15,842

 

 
15,842

Total financial liabilities measured and reported at fair value
 
$

 
$

 
$
53,005

 
$
6,808

 
$
59,813

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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

Schedule of Business Acquisitions by Acquisition, Contingent Consideration
A reconciliation of the change in the balance of the acquisition-related contingent consideration obligation (Level 3) for the fiscal years ended March 31, 2020 and 2019 is provided below.
 
Fiscal Year Ended March 31,
 
2020
 
2019
Balance beginning of year
$

 
$

Additions
6,705

 

Payments

 

Balance at end of year
$
6,705

 
$


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, 2020 and 2019 is provided below.
 
 
Fiscal Year Ended March 31,
 
 
2020
 
2019
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 the portfolio)
 
(659
)
 
(765
)
Provision for loss or transfers from allowance for loss on direct loans to farmers (addition of current crop year loans)
 
(5
)
 
749

Change in discount rate and estimated collection period
 
(7
)
 
53

Currency remeasurement
 
(29
)
 
(208
)
Balance at end of year
 
$
103

 
$
803