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FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES (Tables)
9 Months Ended
Dec. 31, 2013
FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES  
Summary of activities related to contingent consideration

 

 

 

Three-Month Periods Ended

 

Nine-Month Periods Ended

 

 

 

December 31,
2013

 

December 31,
2012

 

December 31,
2013

 

December 31,
2012

 

 

 

(In thousands)

 

Beginning balance

 

$

16,000

 

$

10,431

 

$

25,000

 

$

1,151

 

Additions to accrual

 

 

15,000

 

 

25,000

 

Payments

 

 

(230

)

 

(625

)

Fair value adjustments

 

(3,700

)

 

(12,700

)

(325

)

Ending balance

 

$

12,300

 

$

25,201

 

$

12,300

 

$

25,201

 

 

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

 

 

 

Fair Value Measurements as of December 31, 2013

 

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

Money market funds and time deposits (included in cash and cash equivalents of the condensed consolidated balance sheet)

 

$

 

$

882,918

 

$

 

$

882,918

 

Deferred purchase price receivable (Note 10)

 

 

 

528,830

 

528,830

 

Foreign exchange forward contracts (Note 8)

 

 

17,987

 

 

17,987

 

Deferred compensation plan assets:

 

 

 

 

 

 

 

 

 

Mutual funds, money market accounts and equity securities

 

9,372

 

42,645

 

 

52,017

 

Liabilities:

 

 

 

 

 

 

 

 

 

Foreign exchange forward contracts (Note 8)

 

$

 

$

(16,877

)

$

 

$

(16,877

)

Contingent consideration in connection with business acquisitions

 

 

 

(12,300

)

(12,300

)

 

 

 

Fair Value Measurements as of March 31, 2013

 

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

Money market funds and time deposits (included in cash and cash equivalents of the condensed consolidated balance sheet)

 

$

 

$

497,390

 

$

 

$

497,390

 

Deferred purchase price receivable (Note 10)

 

 

 

412,357

 

412,357

 

Foreign exchange forward contracts (Note 8)

 

 

27,563

 

 

27,563

 

Warrants to purchase common shares

 

 

 

74,437

 

74,437

 

Deferred compensation plan assets:

 

 

 

 

 

 

 

 

 

Mutual funds, money market accounts and equity securities

 

6,931

 

40,972

 

 

47,903

 

Liabilities:

 

 

 

 

 

 

 

 

 

Foreign exchange forward contracts (Note 8)

 

$

 

$

(15,290

)

$

 

$

(15,290

)

Contingent consideration in connection with business acquisitions

 

 

 

(25,000

)

(25,000

)

 

Schedule of assets measured at fair value on a nonrecurring basis

 

 

 

Fair Value Measurements as of December 31, 2013

 

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

Assets held for sale

 

$

 

$

18,882

 

$

 

$

18,882

 

 

 

 

Fair Value Measurements as of March 31, 2013

 

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

Assets held for sale

 

$

 

$

11,089

 

$

 

$

11,089

 

Property and equipment

 

 

25,331

 

 

25,331

 

 

Schedule of debt not carried at fair value

 

 

 

As of December 31, 2013

 

As of March 31, 2013

 

 

 

 

 

Carrying

 

Fair

 

Carrying

 

Fair

 

Fair Value

 

 

 

Amount

 

Value

 

Amount

 

Value

 

Hierarchy

 

 

 

(In thousands)

 

 

 

Term Loan, including current portion, due October 2014

 

$

 

$

 

$

170,340

 

$

170,496

 

Level 1

 

Term Loan, including current portion, due in installments through October 2016

 

436,641

 

435,824

 

517,500

 

518,794

 

Level 1

 

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

 

600,000

 

591,000

 

 

 

Level 1

 

4.625% Notes due February 2020

 

500,000

 

502,350

 

500,000

 

507,190

 

Level 1

 

5.000% Notes due February 2023

 

500,000

 

472,250

 

500,000

 

500,000

 

Level 1

 

Asia Term Loans

 

 

 

375,000

 

375,343

 

Level 2

 

Total

 

$

2,036,641

 

$

2,001,424

 

$

2,062,840

 

$

2,071,823