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FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES (Tables)
12 Months Ended
Mar. 31, 2015
FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES  
Summary of activities related to contingent consideration

 

 

 

As of March 31,

 

 

 

2015

 

2014

 

 

 

(In thousands)

 

Beginning balance

 

$

11,300

 

$

25,000

 

Additions to accrual

 

 

4,500

 

 

 

Payments

 

 

(11,300

)

 

 

Fair value adjustments

 

 

 

 

(13,700

)

​  

​  

​  

​  

Ending balance

 

$

4,500

 

$

11,300

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of financial assets and liabilities measured at fair value on a recurring basis

 

 

 

Fair Value Measurements as of March 31, 2015

 

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

 

 

(In thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds and time deposits (Note 2)

 

$

 

$

674,859

 

$

 

$

674,859

 

Deferred purchase price receivable (Note 10)

 

 

 

 

 

 

600,672

 

 

600,672

 

Foreign exchange forward contracts (Note 8)

 

 

 

 

25,829

 

 

 

 

25,829

 

Deferred compensation plan assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Mutual funds, money market accounts and equity securities

 

 

9,068

 

 

37,041

 

 

 

 

46,109

 

Liabilities:

 

 


 

 

 


 

 

 


 

 

 


 

 

Foreign exchange forward contracts (Note 8)

 

$

 

$

(31,057

)

$

 

$

(31,057

)

Contingent consideration in connection with acquistions

 

 

 

 

 

 

(4,500

)

 

(4,500

)

 

                                                                                                                                                                                    

 

 

Fair Value Measurements as of March 31, 2014

 

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

 

 

(In thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds and time deposits (Note 2)

 

$

 

$

552,928

 

$

 

$

552,928

 

Deferred purchase price receivable (Note 10)

 

 

 

 

 

 

470,908

 

 

470,908

 

Foreign exchange forward contracts (Note 8)

 

 

 

 

8,186

 

 

 

 

8,186

 

Deferred compensation plan assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Mutual funds, money market accounts and equity securities

 

 

9,456

 

 

36,751

 

 

 

 

46,207

 

Liabilities:

 

 


 

 

 


 

 

 


 

 

 


 

 

Foreign exchange forward contracts (Note 8)

 

$

 

$

(17,406

)

$

 

$

(17,406

)

Contingent consideration in connection with acquistions

 

 

 

 

 

 

(11,300

)

 

(11,300

)

 

Schedule of certain long-lived assets measured at fair value on a nonrecurring basis

 

 

 

Fair Value Measurements as of March 31,
2014

 

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

 

 

(In thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets held for sale

 

$

 

$

43,504 

 

$

 

$

43,504 

 

 

Schedule of liabilities not carried at fair value

 

 

 

As of March 31, 2015

 

As of March 31, 2014

 

 

 

 

Carrying
Amount

 

Fair
Value

 

Carrying
Amount

 

Fair
Value

 

Fair Value
Hierarchy

 

 

(In thousands)

 

(In thousands)

 

 

Term Loan, including current portion, due in installments through August 2018

 

$

592,500 

 

$

582,131 

 

$

600,000 

 

$

591,750 

 

Level 1

Term Loan, including current portion, due in installments through March 2019

 

 

475,000 

 

 

465,500 

 

 

500,000 

 

 

497,190 

 

Level 1

4.625% Notes due February 2020

 

 

500,000 

 

 

523,750 

 

 

500,000 

 

 

504,688 

 

Level 1

5.000% Notes due February 2023

 

 

500,000 

 

 

543,150 

 

 

500,000 

 

 

517,650 

 

Level 1

​  

​  

​  

​  

​  

​  

​  

​  

Total

 

$

2,067,500 

 

$

2,114,531 

 

$

2,100,000 

 

$

2,111,278 

 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

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