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Fair Value Measurements (Tables)
6 Months Ended
Sep. 30, 2022
Fair Value Disclosures [Abstract]  
Financial Assets And Liabilities Measured At Fair Value On Recurring Basis [Table Text Block]
At September 30, 2022 and 2021, and at March 31, 2022, 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:
September 30, 2022
Fair Value Hierarchy
(in thousands of dollars)NAVLevel 1Level 2Level 3Total
Assets
Money market funds
$334 $— $— $— $334 
Trading securities associated with deferred compensation plans
— 10,845 — — 10,845 
Interest rate swap agreements
— — 13,959 — 13,959 
Foreign currency exchange contracts
— — 3,539 — 3,539 
Total financial assets measured and reported at fair value
$334 $10,845 $17,498 $— $28,677 
Liabilities
Foreign currency exchange contracts
$— $— $181 $— $181 
Total financial liabilities measured and reported at fair value
$— $— $181 $— $181 
September 30, 2021
Fair Value Hierarchy
(in thousands of dollars)NAVLevel 1Level 2Level 3Total
Assets
Money market funds
$335 $— $— $— $335 
Trading securities associated with deferred compensation plans
— 14,557 — — 14,557 
Foreign currency exchange contracts
— — 1,917 — 1,917 
Total financial assets measured and reported at fair value
$335 $14,557 $1,917 $— $16,809 
Liabilities
Interest rate swap agreements
$— $— $22,888 $— $22,888 
Foreign currency exchange contracts
— — 3,791 — 3,791 
Total financial liabilities measured and reported at fair value
$— $— $26,679 $— $26,679 
March 31, 2022
Fair Value Hierarchy
(in thousands of dollars)NAVLevel 1Level 2Level 3Total
Assets
Money market funds
$334 $— $— $— $334 
Trading securities associated with deferred compensation plans
— 13,655 — — 13,655 
Foreign currency exchange contracts
— — 24,068 — 24,068 
Total financial assets measured and reported at fair value
$334 $13,655 $24,068 $— $38,057 
Liabilities
Interest rate swap agreements
$— $— $1,161 $— $1,161 
Foreign currency exchange contracts
— — 3,264 — 3,264 
Total financial liabilities measured and reported at fair value
$— $— $4,425 $— $4,425 
Schedule of Business Acquisitions by Acquisition, Contingent Consideration [Table Text Block]
A reconciliation of the change in the balance of the acquisition-related contingent consideration obligation (Level 3) for the six months ended September 30, 2022 and 2021 is provided below.
(in thousands of dollars)Six Months Ended September 30,
20222021
Balance beginning of year$— $2,532 
Change in fair value of contingent consideration liability(2,532)
Balance at end of period$— $— 
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]
The following table summarizes the fair and carrying value of the Company’s long-term debt, including the current portion at each of the balance sheet dates September 30, 2022, and 2021 and March 31, 2022:
(in millions of dollars)September 30, 2022September 30, 2021March 31, 2022
Fair market value of long term obligations$517 $518 $517 
Carrying value of long term obligations$520 $520 $520