Fair Value Measurements (Tables)

9 Months Ended

Dec. 31, 2017

Fair Value Disclosures [Abstract]

Financial Assets And Liabilities Measured At Fair Value On Recurring Basis

At December 31, 2017 and 2016, and at March 31, 2017, the Company had certain financial assets and financial liabilities that were required to be measured and reported at fair value on a recurring basis. These assets and liabilities are listed in the tables below and are classified based on how their values were determined under the fair value hierarchy or the NAV practical expedient:

	December 31, 2017
			Fair Value Hierarchy
(in thousands of dollars)	NAV		Level 1		Level 2		Level 3		Total
Assets
Money market funds	$	1,625	$	—	$	—	$	—	$	1,625
Trading securities associated with deferred compensation plans	—		17,386		—		—		17,386
Interest rate swap agreements	—		—		4,516		—		4,516
Forward foreign currency exchange contracts	—		—		379		—		379
Total financial assets measured and reported at fair value	$	1,625	$	17,386	$	4,895	$	—	$	23,906
Liabilities
Guarantees of bank loans to tobacco growers	$	—	$	—	$	—	$	1,149	$	1,149
Forward foreign currency exchange contracts	—		—		15		—		15
Total financial liabilities measured and reported at fair value	$	—	$	—	$	15	$	1,149	$	1,164

	December 31, 2016
			Fair Value Hierarchy
(in thousands of dollars)	NAV		Level 1		Level 2		Level 3		Total
Assets
Money market funds	$	241,991	$	—	$	—	$	—	$	241,991
Trading securities associated with deferred compensation plans	—		17,210		—		—		17,210
Interest rate swap agreements	—		—		853		—		853
Forward foreign currency exchange contracts	—		—		4		—		4
Total financial assets measured and reported at fair value	$	241,991	$	17,210	$	857	$	—	$	260,058
Liabilities
Guarantees of bank loans to tobacco growers	$	—	$	—	$	—	$	1,844	$	1,844
Forward foreign currency exchange contracts	—		—		1,229		—		1,229
Total financial liabilities measured and reported at fair value	$	—	$	—	$	1,229	$	1,844	$	3,073

	March 31, 2017
			Fair Value Hierarchy
(in thousands of dollars)	NAV		Level 1		Level 2		Level 3		Total
Assets
Money market funds	$	137,145	$	—	$	—	$	—	$	137,145
Trading securities associated with deferred compensation plans	—		17,726		—		—		17,726
Interest rate swap agreements	—		—		2,149		—		2,149
Forward foreign currency exchange contracts	—		—		973		—		973
Total financial assets measured and reported at fair value	$	137,145	$	17,726	$	3,122	$	—	$	157,993
Liabilities
Guarantees of bank loans to tobacco growers	$	—	$	—	$	—	$	1,177	$	1,177
Forward foreign currency exchange contracts	—		—		175		—		175
Total financial liabilities measured and reported at fair value	$	—	$	—	$	175	$	1,177	$	1,352

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

A reconciliation of the change in the balance of the financial liability for guarantees of bank loans to tobacco growers (Level 3) for the nine months ended December 31, 2017 and 2016 is provided below.

	Nine Months Ended December 31,
(in thousands of dollars)	2017			2016
Balance at beginning of year	$	1,177		$	1,628
Payments under the guarantees and transfers to allowance for loss on direct loans to farmers (removal of prior crop year loans from portfolio)	(1,047		)	(1,848		)
Provision for loss or transfers from allowance for loss on direct loans to farmers (addition of current crop year loans)	1,051			1,856
Change in discount rate and estimated collection period	28			55
Currency remeasurement	(60		)	153
Balance at end of period	$	1,149		$	1,844