Fair Value Measurements (Tables)

3 Months Ended

Jun. 30, 2019

Fair Value Disclosures [Abstract]

Financial Assets And Liabilities Measured At Fair Value On Recurring Basis

At June 30, 2019 and 2018, and at March 31, 2019, 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:

	June 30, 2019
			Fair Value Hierarchy
(in thousands of dollars)	NAV		Level 1		Level 2		Level 3		Total
Assets
Money market funds	$	77,229	$	—	$	—	$	—	$	77,229
Trading securities associated with deferred compensation plans	—		16,356		—		—		16,356
Foreign currency exchange contracts	—		—		2,864		—		2,864
Total financial assets measured and reported at fair value	$	77,229	$	16,356	$	2,864	$	—	$	96,449
Liabilities
Guarantees of bank loans to tobacco growers	$	—	$	—	$	—	$	785	$	785
Interest rate swap agreements	—		—		16,158		—		16,158
Foreign currency exchange contracts	—		—		65		—		65
Total financial liabilities measured and reported at fair value	$	—	$	—	$	16,223	$	785	$	17,008

	June 30, 2018
			Fair Value Hierarchy
(in thousands of dollars)	NAV		Level 1		Level 2		Level 3		Total
Assets
Money market funds	$	1,700	$	—	$	—	$	—	$	1,700
Trading securities associated with deferred compensation plans	—		16,910		—		—		16,910
Interest rate swap agreements	—		—		9,527		—		9,527
Foreign currency exchange contracts	—		—		10		—		10
Total financial assets measured and reported at fair value	$	1,700	$	16,910	$	9,537	$	—	$	28,147
Liabilities
Guarantees of bank loans to tobacco growers	$	—	$	—	$	—	$	1,201	$	1,201
Foreign currency exchange contracts	—		—		1,491		—		1,491
Total financial liabilities measured and reported at fair value	$	—	$	—	$	1,491	$	1,201	$	2,692

	March 31, 2019
			Fair Value Hierarchy
(in thousands of dollars)	NAV		Level 1		Level 2		Level 3		Total
Assets
Money market funds	$	156,864	$	—	$	—	$	—	$	156,864
Trading securities associated with deferred compensation plans	—		16,315		—		—		16,315
Foreign currency exchange contracts	—		—		540		—		540
Total financial assets measured and reported at fair value	$	156,864	$	16,315	$	540	$	—	$	173,719
Liabilities
Guarantees of bank loans to tobacco growers	$	—	$	—	$	—	$	803	$	803
Interest rate swap agreements	—		—		6,351		—		6,351
Foreign currency exchange contracts	—		—		386		—		386
Total financial liabilities measured and reported at fair value	$	—	$	—	$	6,737	$	803	$	7,540

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 three months ended June 30, 2019 and 2018 is provided below.

	Three Months Ended June 30,
(in thousands of dollars)	2019			2018
Balance at beginning of year	$	803		$	974
Payments under the guarantees and transfers to allowance for loss on direct loans to farmers (removal of prior crop year loans from portfolio)	58			348
Provision for loss or transfers from allowance for loss on direct loans to farmers (addition of current crop year loans)	(79		)	35
Change in discount rate and estimated collection period	(5		)	36
Currency remeasurement	8			(192		)
Balance at end of period	$	785		$	1,201