Fair Value Measurements (Tables)

3 Months Ended

Jun. 30, 2020

Fair Value Disclosures [Abstract]

Financial Assets And Liabilities Measured At Fair Value On Recurring Basis [Table Text Block]

At June 30, 2020 and 2019, and at March 31, 2020, 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, 2020
			Fair Value Hierarchy
(in thousands of dollars)	NAV		Level 1		Level 2		Level 3		Total
Assets
Money market funds	$	4,013	$	—	$	—	$	—	$	4,013
Trading securities associated with deferred compensation plans	—		13,963		—		—		13,963
Foreign currency exchange contracts	—		—		720		—		720
Total financial assets measured and reported at fair value	$	4,013	$	13,963	$	720	$	—	$	18,696
Liabilities
Guarantees of bank loans to tobacco growers	$	—	$	—	$	—	$	100	$	100
Acquisition-related contingent consideration obligations - short term	—		—		—		—		—
Acquisition-related contingent consideration obligations - long term	—		—		—		2,532		2,532
Interest rate swap agreements	—		—		39,022		—		39,022
Foreign currency exchange contracts	—		—		2,092		—		2,092
Total financial liabilities measured and reported at fair value	$	—	$	—	$	41,114	$	2,632	$	43,746

	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

	March 31, 2020
			Fair Value Hierarchy
(in thousands of dollars)	NAV		Level 1		Level 2		Level 3		Total
Assets
Money market funds	$	4,011	$	—	$	—	$	—	$	4,011
Trading securities associated with deferred compensation plans	—		12,635		—		—		12,635
Foreign currency exchange contracts	—		—		314		—		314
Total financial assets measured and reported at fair value	$	4,011	$	12,635	$	314	$	—	$	16,960
Liabilities
Guarantees of bank loans to tobacco growers	$	—	$	—	$	—	$	103	$	103
Acquisition-related contingent consideration obligations - short-term	—		—		—		4,173		4,173
Acquisition-related contingent consideration obligations - long-term	—		—		—		2,532		2,532
Interest rate swap agreements	—		—		37,163		—		37,163
Foreign currency exchange contracts	—		—		15,842		—		15,842
Total financial liabilities measured and reported at fair value	$	—	$	—	$	53,005	$	6,808	$	59,813

Schedule of Business Acquisitions by Acquisition, Contingent Consideration [Table Text Block]

A reconciliation of the change in the balance of the acquisition-related contingent consideration obligation (Level 3) for the three months ended June 30, 2020 and 2019 is provided below.

	Three Months Ended June 30,
	2020			2019
Balance beginning of year	$	6,705		$	—
Change in fair value of contingent consideration liability	(4,173		)	—
Balance at end of period	$	2,532		$	—

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

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, 2020 and 2019 is provided below.

	Three Months Ended June 30,
	2020			2019
Balance at beginning of year	$	103		$	803
Payments under the guarantees and transfers to allowance for loss on direct loans to farmers (removal of prior crop year loans from the portfolio)	3			58
Provision for loss or transfers from allowance for loss on direct loans to farmers (addition of current crop year loans)	—			(79		)
Change in discount rate and estimated collection period	(2		)	(5		)
Currency remeasurement	(5		)	8
Balance at end of year	$	99		$	785