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Long-Term Debt Convertible Notes Information (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Mar. 31, 2015
Mar. 31, 2013
Jun. 26, 2014
Debt Instrument      
Line of Credit Facility, Commitment Fee Percentage 0.20%us-gaap_LineOfCreditFacilityCommitmentFeePercentage    
2.5% Convertible Senior Notes      
Debt Instrument      
Debt Instrument, Interest Rate, Stated Percentage     2.50%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_LongtermDebtTypeAxis
= lm_A25ConvertibleSeniorNotesMember
Long-term Debt, Gross     $ 1,250,000us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_LongtermDebtTypeAxis
= lm_A25ConvertibleSeniorNotesMember
Prepayment fee on repurchase of notes     6,250lm_PrepaymentFeeOnRepurchaseOfNotes
/ us-gaap_LongtermDebtTypeAxis
= lm_A25ConvertibleSeniorNotesMember
Repayments of Debt   1,256,250us-gaap_RepaymentsOfDebt
/ us-gaap_LongtermDebtTypeAxis
= lm_A25ConvertibleSeniorNotesMember
 
Long-term Debt, Fair Value     1,193,971us-gaap_LongTermDebtFairValue
/ us-gaap_LongtermDebtTypeAxis
= lm_A25ConvertibleSeniorNotesMember
Debt instrument, current market interest rate     4.10%lm_DebtInstrumentCurrentMarketInterestRate
/ us-gaap_LongtermDebtTypeAxis
= lm_A25ConvertibleSeniorNotesMember
Gains (Losses) on Extinguishment of Debt   (68,975)us-gaap_GainsLossesOnExtinguishmentOfDebt
/ us-gaap_LongtermDebtTypeAxis
= lm_A25ConvertibleSeniorNotesMember
 
Write off of Deferred Debt Issuance Cost   7,851us-gaap_WriteOffOfDeferredDebtIssuanceCost
/ us-gaap_LongtermDebtTypeAxis
= lm_A25ConvertibleSeniorNotesMember
 
Adjustments to Additional Paid in Capital, Equity Component of Convertible Debt, Subsequent Adjustments   62,279us-gaap_AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebtSubsequentAdjustments
/ us-gaap_LongtermDebtTypeAxis
= lm_A25ConvertibleSeniorNotesMember
 
Extinguishment of Debt, Gain (Loss), Income Tax   31,446us-gaap_ExtinguishmentOfDebtGainLossIncomeTax
/ us-gaap_LongtermDebtTypeAxis
= lm_A25ConvertibleSeniorNotesMember
 
Fair value of convertible debt allocated to liability component at issuance     977,933lm_FairValueOfConvertibleDebtAllocatedToLiabilityComponentAtIssuance
/ us-gaap_LongtermDebtTypeAxis
= lm_A25ConvertibleSeniorNotesMember
Excess of allocation to liability component of convertible debt at extinguishment over initial allocation recorded as an operating cash flow   $ 216,038lm_ExcessOfAllocationToLiabilityComponentOfConvertibleDebtAtExtinguishmentOverInitialAllocationRecordedAsOperatingCashFlow
/ us-gaap_LongtermDebtTypeAxis
= lm_A25ConvertibleSeniorNotesMember
 
Class of Warrant or Right, Number of Securities Called by Warrants or Rights 14,205us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
/ us-gaap_LongtermDebtTypeAxis
= lm_A25ConvertibleSeniorNotesMember
  14,205us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
/ us-gaap_LongtermDebtTypeAxis
= lm_A25ConvertibleSeniorNotesMember
Debt Instrument, Convertible, Conversion Price     $ 88us-gaap_DebtInstrumentConvertibleConversionPrice1
/ us-gaap_LongtermDebtTypeAxis
= lm_A25ConvertibleSeniorNotesMember