Fair Value Measurements (Tables)

9 Months Ended

Dec. 31, 2021

Financial Assets And Liabilities Measured At Fair Value On Recurring Basis [Table Text Block]

At December 31, 2021 and 2020, and at March 31, 2021, 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, 2021
			Fair Value Hierarchy
(in thousands of dollars)	NAV		Level 1		Level 2		Level 3		Total

Assets
Money market funds	$	335	$	—	$	—	$	—	$	335
Trading securities associated with deferred compensation plans	—		14,794		—		—		14,794
Interest rate swap agreements	—		—		—		—		—
Foreign currency exchange contracts	—		—		3,559		—		3,559
Total financial assets measured and reported at fair value	$	335	$	14,794	$	3,559	$	—	$	18,688

Liabilities



Interest rate swap agreements	—		—		16,658		—		16,658
Foreign currency exchange contracts	—		—		5,250		—		5,250
Total financial liabilities measured and reported at fair value	$	—	$	—	$	21,908	$	—	$	21,908


	December 31, 2020
			Fair Value Hierarchy
(in thousands of dollars)	NAV		Level 1		Level 2		Level 3		Total

Assets
Money market funds	$	380	$	—	$	—	$	—	$	380
Trading securities associated with deferred compensation plans	—		15,703		—		—		15,703

Foreign currency exchange contracts	—		—		7,313		—		7,313
Total financial assets measured and reported at fair value	$	380	$	15,703	$	7,313	$	—	$	23,396

Liabilities


Acquisition-related contingent consideration obligations - long term	$	—	$	—	$	—	$	2,532	2,532
Interest rate swap agreements	—		—		33,950		—		33,950
Foreign currency exchange contracts	—		—		1,235		—		1,235
Total financial liabilities measured and reported at fair value	$	—	$	—	$	35,185	$	2,532	$	37,717


	March 31, 2021
			Fair Value Hierarchy
(in thousands of dollars)	NAV		Level 1		Level 2		Level 3		Total

Assets
Money market funds	$	1,992	$	—	$	—	$	—	$	1,992
Trading securities associated with deferred compensation plans	—		15,735		—		—		15,735

Foreign currency exchange contracts	—		—		1,572		—		1,572
Total financial assets measured and reported at fair value	$	1,992	$	15,735	$	1,572	$	—	$	19,299

Liabilities


Acquisition-related contingent consideration obligations - long-term	$	—	$	—	$	—	$	2,532	$	2,532
Interest rate swap agreements	—		—		25,719		—		25,719
Foreign currency exchange contracts	—		—		1,822		—		1,822
Total financial liabilities measured and reported at fair value	$	—	$	—	$	27,541	$	2,532	$	30,073

Schedule of Business Acquisitions by Acquisition, Contingent Consideration [Table Text Block]

A reconciliation of the change in the balance of the acquisition-related contingent consideration obligation (Level 3) for the nine months ended December 31, 2021 and 2020 is provided below.


(in thousands of dollars)	Nine Months Ended December 31,
	2021		2020
Balance beginning of year	$	2,532	$	6,705


Change in fair value of contingent consideration liability	(2,532)		(4,173)
Balance at end of period	$	—	$	2,532

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]

The following table summarizes the fair and carrying value of the Company’s long-term debt, including the current portion at each of the balance sheet dates December 31, 2021, and 2020 and March 31, 2021:


(in millions of dollars)	December 31, 2021		December 31, 2020		March 31, 2021
Fair market value of long term obligations	$	517	$	516	$	517
Carrying value of long term obligations	$	520	$	520	$	520