Derivatives And Hedging Activities (Tables)

6 Months Ended

Sep. 30, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Notional Amount of Forward Contracts

The aggregate U.S. dollar notional amount of forward contracts entered for these purposes during the first six months of fiscal years 2014 and 2013, was as follows:

	Six Months Ended September 30,
(in millions of dollars)	2013		2012
Tobacco purchases	$	82.8	$	64.3
Processing costs	18.5		13.7
Total	$	101.3	$	78.0

Effect Of Derivative Financial Instruments On The Consolidated Statements Of Income

The table below outlines the effects of the Company’s use of derivative financial instruments on the consolidated statements of income for the three- and six-month periods ended September 30, 2013 and 2012:

	Three Months Ended September 30,						Six Months Ended September 30,
(in thousands of dollars)	2013			2012			2013			2012
Cash Flow Hedges - Interest Rate Swap Agreements
Derivative
Effective Portion of Hedge
Gain (loss) recorded in accumulated other comprehensive loss	$	(482	)	$	(564	)	$	(172	)	$	(1,453	)
Gain (loss) reclassified from accumulated other comprehensive loss into earnings	$	(454	)	$	(226	)	$	(681	)	$	(455	)
Location of gain (loss) reclassified from accumulated other comprehensive loss into earnings	Interest expense
Ineffective Portion of Hedge
Gain (loss) recognized in earnings	$	—		$	—		$	—		$	—
Location of gain (loss) recognized in earnings	Selling, general and administrative expenses
Hedged Item
Description of hedged item	Floating rate interest payments on term loan
Cash Flow Hedges - Forward Foreign Currency Exchange Contracts
Derivative
Effective Portion of Hedge
Gain (loss) recorded in accumulated other comprehensive loss	$	(20	)	$	29		$	(3,352	)	$	(7,900	)
Gain (loss) reclassified from accumulated other comprehensive loss into earnings	$	(2,362	)	$	(5,157	)	$	(2,437	)	$	(5,744	)
Location of gain (loss) reclassified from accumulated other comprehensive loss into earnings	Cost of goods sold
Ineffective Portion and Early De-designation of Hedges
Gain (loss) recognized in earnings	$	(71	)	$	92		$	(1,839	)	$	(1,325	)
Location of gain (loss) recognized in earnings	Selling, general and administrative expenses
Hedged Item
Description of hedged item	Forecast purchases of tobacco in Brazil
Derivatives Not Designated as Hedges - Forward Foreign Currency Exchange Contracts
Gain (loss) recognized in earnings	$	(4,282	)	$	310		$	(5,705	)	$	(1,959	)
Location of gain (loss) recognized in earnings	Selling, general and administrative expenses

Effect Of Derivative Financial Instruments On The Consolidated Balance Sheets

The table below outlines the effects of the Company’s derivative financial instruments on the consolidated balance sheets at September 30, 2013 and 2012, and March 31, 2013:

	Derivatives in a Fair Value Asset Position							Derivatives in a Fair Value Liability Position
	Balance Sheet Location	Fair Value as of						Balance Sheet Location	Fair Value as of
(in thousands of dollars)		Sept. 30, 2013		Sept. 30, 2012		March 31, 2013			Sept. 30, 2013		Sept. 30, 2012		March 31, 2013
Derivatives Designated as Hedging Instruments
Interest rate swap agreements designated as cash flow hedges	Other non-current assets	$	—	$	—	$	—	Other long-term liabilities	$	1,170	$	2,117	$	1,679
Forward foreign currency exchange contracts	Other current assets	—		—		—		Accounts payable and accrued expenses	—		—		810
Total		$	—	$	—	$	—		$	1,170	$	2,117	$	2,489
Derivatives Not Designated as Hedging Instruments
Forward foreign currency exchange contracts	Other current assets	$	8	$	230	$	—	Accounts payable and accrued expenses	$	4,511	$	43	$	331
Total		$	8	$	230	$	—		$	4,511	$	43	$	331