XML 54 R21.htm IDEA: XBRL DOCUMENT v2.4.0.6
Fair Value Measurements (Tables)
9 Months Ended
Dec. 31, 2012
Fair Value Disclosures [Abstract]  
Financial Assets And Liabilities Measured At Fair Value On Recurring Basis
 
 
December 31, 2012
(in thousands of dollars)
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
 
Money market funds
 
$
136,528

 
$

 
$

 
$
136,528

Trading securities associated with deferred compensation plans
 
18,907

 

 

 
18,907

Forward foreign currency exchange contracts
 

 
239

 

 
239

Total financial assets measured and reported at fair value
 
$
155,435

 
$
239

 
$

 
$
155,674

 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
Guarantees of bank loans to tobacco growers
 
$

 
$

 
$
5,025

 
$
5,025

Interest rate swap agreements
 

 
1,889

 

 
1,889

Forward foreign currency exchange contracts
 

 
537

 

 
537

Total financial liabilities measured and reported at fair value
 
$

 
$
2,426

 
$
5,025

 
$
7,451



 
 
December 31, 2011
(in thousands of dollars)
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
 
Money market funds
 
$
100,728

 
$

 
$

 
$
100,728

Trading securities associated with deferred compensation plans
 
18,263

 

 

 
18,263

Forward foreign currency exchange contracts
 

 
15

 

 
15

Total financial assets measured and reported at fair value
 
$
118,991

 
$
15

 
$

 
$
119,006

 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
Guarantees of bank loans to tobacco growers
 
$

 
$

 
$
4,837

 
$
4,837

Interest rate swap agreements
 

 
820

 

 
820

Forward foreign currency exchange contracts
 

 
537

 

 
537

Total financial liabilities measured and reported at fair value
 
$

 
$
1,357

 
$
4,837

 
$
6,194


 
 
March 31, 2012
(in thousands of dollars)
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
 
Money market funds
 
$
48,546

 
$

 
$

 
$
48,546

Trading securities associated with deferred compensation plans
 
19,803

 

 

 
19,803

Forward foreign currency exchange contracts
 

 
356

 

 
356

Total financial assets measured and reported at fair value
 
$
68,349

 
$
356

 
$

 
$
68,705

 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
Guarantees of bank loans to tobacco growers
 
$

 
$

 
$
5,932

 
$
5,932

Interest rate swap agreements
 

 
1,119

 

 
1,119

Forward foreign currency exchange contracts
 

 
1,352

 

 
1,352

Total financial liabilities measured and reported at fair value
 
$

 
$
2,471

 
$
5,932

 
$
8,403


Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
 
 
Nine Months Ended December 31,
(in thousands of dollars)
 
2012
 
2011
 
 
 
 
 
Balance at beginning of year
 
$
5,932

 
$
20,699

Transfer to allowance for loss on direct loans to farmers (removal of prior crop year and other loans from portfolio)
 
(5,609
)
 
(19,123
)
Transfer from allowance for loss on direct loans to farmers (addition of current crop year loans)
 
4,825

 
4,276

Change in discount rate and estimated collection period
 
96

 
676

Currency remeasurement
 
(219
)
 
(1,691
)
Balance at end of period
 
$
5,025

 
$
4,837