Derivatives And Hedging Activities (Tables)

9 Months Ended

Dec. 31, 2011

Derivatives And Hedging Activities [Abstract]

Effect Of Derivative Financial Instruments On The Consolidated Statements Of Income

	Three Months Ended December 31,						Nine Months Ended December 31,
(in thousands of dollars)	2011			2010			2011			2010
Fair Value Hedges - Interest Rate Swap Agreements
Derivative
Gain (loss) recognized in earnings	$	—		$	(3,980	)	$	3,195		$	2,721
Location of gain (loss) recognized in earnings	Interest expense
Hedged Item
Description of hedged item	Fixed rate long-term debt
Gain (loss) recognized in earnings	$	—		$	3,980		$	(3,195	)	$	(2,721	)
Location of gain (loss) recognized in earnings	Interest expense
Cash Flow Hedges - Interest Rate Swap Agreements
Derivative
Effective Portion of Hedge
Gain (loss) recorded in accumulated other comprehensive loss	$	(820	)	$	—		$	(820	)	$	—
Gain (loss) reclassified from accumulated other comprehensive loss into earnings	$	—		$	—		$	—		$	—
Location of gain (loss) reclassified from accumulated other comprehensive loss into earnings	Interest expense
Ineffective Portion of Hedge
Gain (loss) recognized in earnings	$	—		$	—		$	—		$	—
Location of gain (loss) recognized in earnings	Selling, general and administrative expenses
Hedged Item
Description of hedged item	Floating rate interest payments on term loan
Cash Flow Hedges - Forward Foreign Currency Exchange Contracts
Derivative
Effective Portion of Hedge
Gain (loss) recorded in accumulated other comprehensive loss	$	99		$	—		$	3,430		$	—
Gain (loss) reclassified from accumulated other comprehensive loss into earnings	$	1,520		$	—		$	5,343		$	100
Location of gain (loss) reclassified from accumulated other comprehensive loss into earnings	Cost of goods sold
Ineffective Portion and Early De-designation of Hedges
Gain (loss) recognized in earnings	$	—		$	—		$	858		$	101
Location of gain (loss) recognized in earnings	Selling, general and administrative expenses
Hedged Item
Description of hedged item	Forecast purchases of tobacco in Brazil
Derivatives Not Designated as Hedges -
Forward Foreign Currency Exchange Contracts
Contracts related to forecast processing costs and forecast purchases of tobacco,primarily in Brazil
Gain (loss) recognized in earnings	$	316		$	(64	)	$	1,614		$	1,138
Location of gain (loss) recognized in earnings	Selling, general and administrative expenses
Contracts related to net local currency monetary assets and liabilities of subsidiary in Brazil
Gain (loss) recognized in earnings	$	—		$	—		$	—		$	661
Location of gain (loss) recognized in earnings	Selling, general and administrative expenses
Contracts related to fixed-price orders and accounts receivable of non-U.S. dollar subsidiaries
Gain (loss) recognized in earnings	$	(383	)	$	(511	)	$	(591	)	$	(169	)
Location of gain (loss) recognized in earnings	Selling, general and administrative expenses
Total gain (loss) recognized in earnings for forward foreign currency exchange contracts not designated as hedges	$	(67	)	$	(575	)	$	1,023		$	1,630

Effect Of Derivative Financial Instruments On The Consolidated Balance Sheets

	Derivatives in a Fair Value Asset Position							Derivatives in a Fair Value Liability Position
	Balance	Fair Value as of						Balance	Fair Value as of
	Sheet	Dec. 31,		Dec. 31,		March 31,		Sheet	Dec. 31,		Dec. 31,		March 31,
(in thousands of dollars)	Location	2011		2010		2011		Location	2011		2010		2011
Derivatives Designated as Hedging Instruments
Interest rate swap	Other
agreements	non-							Long-term
designated	current							obligations
as fair value hedges	assets	$	—	$	12,486	$	10,193		$	—	$	—	$	—
Interest rate swap	Other
agreements	non-							Other
designated	current							long-term
as cash flow hedges	assets		—		—		—	liabilities		820		—		—
Forward foreign								Accounts
currency exchange	Other							payable and
contracts	current							accrued
	assets		—		—		2,400	expenses		63		—		—
Total		$	—	$	12,486	$	12,593		$	883	$	—	$	—
Derivatives Not Designated as Hedging Instruments
Forward foreign								Accounts
currency exchange	Other							payable and
contracts	current							accrued
	assets	$	15	$	172	$	1,222	expenses	$	474	$	272	$	243
Total		$	15	$	172	$	1,222		$	474	$	272	$	243