Fair Value Measurements (Tables)

12 Months Ended

Mar. 31, 2013

Assets and liabilities measured at fair value on a recurring basis

The following tables present information about our financial assets and liabilities measured at fair value on a recurring basis and indicate the fair value hierarchy of the valuation techniques utilized to determine such fair value:



	Fair value measurement used
	Recorded value as of		Active markets for identical assets or liabilities		Quoted prices in similar instruments and observable inputs		Active markets for unobservable inputs
(In thousands)	March 31, 2013		(Level 1)		(Level 2)		(Level 3)
Assets:
Corporate-owned life insurance — non-current	$	3,673	$	—	$	—	$	3,673



	Fair value measurement used
	Recorded value as of		Active markets for identical assets or liabilities		Quoted prices in similar instruments and observable inputs		Active markets for unobservable inputs
(In thousands)	March 31, 2012		(Level 1)		(Level 2)		(Level 3)
Assets:
Available for sale restricted marketable securities — current	$	4,408	$	4,408	$	—	$	—
Corporate-owned life insurance — non-current	3,458		—		—		3,458
Liabilities:
BEP —current	2,948		—		2,948		—

Summary of changes in the fair value of the Level 3 assets and liabilities Corporate-owned life insurance

The following table presents a summary of changes in the fair value of the Level 3 assets and liabilities for the fiscal years ended March 31, 2013 and 2012:



	Level 3 assets and liabilities
(In thousands)	2013		2012
Corporate-owned life insurance:
Balance on April 1	$	3,458	$	3,323
Realized gains	—		46
Unrealized gain relating to instruments held at reporting date	107		371
Purchases, sales, issuances and settlements, net	108		(282		)
Balance on March 31	$	3,673	$	3,458

Financial and nonfinancial assets and liabilities measured at fair value on a nonrecurring basis

The following tables present information about our financial and nonfinancial assets and liabilities measured at fair value on a nonrecurring basis and indicate the fair value hierarchy of the valuation techniques utilized to determine such fair value:



	Fair value measurement used
	Recorded value as of		Active markets for identical assets or liabilities		Quoted prices in similar instruments and observable inputs		Active markets for unobservable inputs
(In thousands)	March 31, 2013		(Level 1)		(Level 2)		(Level 3)
Assets:
Goodwill	$	14,128	$	—	$	—	$	14,128
Intangible assets	17,288		—		—		17,288

Liabilities:
Restructuring liabilities — current	$	584	$	—	$	—	$	584
Other employee benefit plan obligations — non-current	196		—		—		196



	Fair value measurement used
	Recorded value as of		Active markets for identical assets or liabilities		Quoted prices in similar instruments and observable inputs		Active markets for unobservable inputs
(In thousands)	March 31, 2012		(Level 1)		(Level 2)		(Level 3)
Assets:
Goodwill	$	15,198	$	—	$	—	$	15,198
Intangible assets	14,135		—		—		14,135
Liabilities:
SERP obligations — current	$	3,323	$	—	$	—	$	3,323
Restructuring liabilities — current	5,447		—		—		5,447
Other employee benefit plans obligations — non-current	196		—		—		196
Restructuring liabilities — non-current	852		—		—		852

Summary of changes in the fair value of the Level 3 assets and liabilities

The following table presents a summary of changes in the fair value of the Level 3 assets and liabilities for fiscal years ended March 31, 2013 and 2012:



	Level 3 assets and liabilities
	Year ended March 31, 2013
(In thousands)	Goodwill			Intangible assets			SERP obligations			Other employee benefit plans obligations			Restructuring liabilities
Balance at April 1, 2012	$	15,198		$	14,135		$	3,323		$	196		$	6,299
Foreign currency translation adjustments	(1,070		)	—			—			—			—
Realized losses	—			(120		)	—			—			—
Amortization	—			(1,986		)	—			—			—
Provisions	—			—			—			—			1,088
Activity, payments and other charges (net)	—			5,259			(3,323		)	(1		)	(6,803		)
Balance at March 31, 2013	$	14,128		$	17,288		$	—		$	195		$	584



	Level 3 assets and liabilities
	Year ended March 31, 2012
(In thousands)	Goodwill			Intangible assets			SERP obligations			Other employee benefit plans obligations			Restructuring liabilities
Balance at April 1, 2011	$	15,211		$	22,535		$	5,675		$	421		$	733
Foreign currency translation adjustments	(13		)	—			—			—			—
Realized losses	—			(7,875		)	—			—			—
Amortization	—			(1,532		)	—			—			—
Provisions	—			—			—			—			11,462
Activity, payments and other charges (net)	—			1,007			(2,352		)	(225		)	(5,896		)
Balance at March 31, 2012	$	15,198		$	14,135		$	3,323		$	196		$	6,299

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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