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FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES (Tables)
12 Months Ended
Mar. 31, 2019
Fair Value Disclosures [Abstract]  
Schedule of financial assets and liabilities measured at fair value on a recurring basis
The following table presents the Company's assets and liabilities measured at fair value on a recurring basis as of March 31, 2019 and 2018:
 
Fair Value Measurements as of March 31, 2019
 
Level 1
 
Level 2
 
Level 3
 
Total
 
(In thousands)
Assets:
 

 
 

 
 

 
 

Money market funds and time deposits (Note 2)
$

 
$
473,888

 
$

 
$
473,888

Foreign exchange forward contracts (Note 8)

 
27,277

 

 
27,277

Deferred compensation plan assets:
 
 
 
 
 
 
 
Mutual funds, money market accounts and equity securities
2,845

 
76,852

 

 
79,697

Liabilities:
 
 
 
 
 
 
 
Foreign exchange forward contracts (Note 8)
$

 
$
(27,426
)
 
$

 
$
(27,426
)

 
Fair Value Measurements as of March 31, 2018
 
Level 1
 
Level 2
 
Level 3
 
Total
 
(In thousands)
Assets:
 
 
 
 
 
 
 
Money market funds and time deposits (Note 2)
$

 
$
452,622

 
$

 
$
452,622

Foreign exchange forward contracts (Note 8)

 
43,334

 

 
43,334

Deferred compensation plan assets:
 
 
 
 
 
 
 
Mutual funds, money market accounts and equity securities
7,196

 
67,532

 

 
74,728

Liabilities:
 
 
 
 
 
 
 
Foreign exchange forward contracts (Note 8)
$

 
$
(25,311
)
 
$

 
$
(25,311
)
Schedule of liabilities not carried at fair value
The following table presents the Company's liabilities not carried at fair value as of March 31, 2019 and 2018:
 
As of March 31, 2019
 
As of March 31, 2018
 
 
 
Carrying
Amount
 
Fair
Value
 
Carrying
Amount
 
Fair
Value
 
Fair Value
Hierarchy
 
(In thousands)
 
(In thousands)
 
 
4.625% Notes due February 2020
$
500,000

 
$
499,950

 
$
500,000

 
$
513,596

 
Level 1
Term Loan, including current portion, due in installments through November 2021
671,563

 
670,724

 
687,813

 
689,966

 
Level 1
Term Loan, including current portion, due in installments through June 2022
458,531

 
457,958

 
483,656

 
485,470

 
Level 1
5.000% Notes due February 2023
500,000

 
499,950

 
500,000

 
525,292

 
Level 1
4.750% Notes due June 2025
596,815

 
599,940

 
596,387

 
627,407

 
Level 1
Euro Term Loan due September 2020
52,746

 
52,746

 
59,443

 
59,443

 
Level 2
Euro Term Loan due January 2022
112,524

 
112,524

 
123,518

 
123,518

 
Level 2
India Facilities
170,206

 
170,206

 

 

 
Level 2
Total
$
3,062,385

 
$
3,063,998

 
$
2,950,817

 
$
3,024,692