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Fair Value Measurement (Tables)
3 Months Ended
Jun. 30, 2019
Fair Value Disclosures [Abstract]  
Summary of Assets and Liabilities Carried at Fair Value The assets and liabilities carried at fair value as of the periods presented were as follows:

 

 

 

June 30, 2019

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(In thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative assets – diesel fuel contracts

 

$

151

 

 

$

 

 

$

151

 

 

$

 

Total assets at fair value on a recurring basis

 

$

151

 

 

$

 

 

$

151

 

 

$

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative liabilities – diesel fuel contracts

 

$

314

 

 

$

 

 

$

314

 

 

$

 

Interest rate swaps

 

 

638

 

 

 

 

 

 

638

 

 

 

 

Contingent consideration for acquisitions

 

 

57

 

 

 

 

 

 

 

 

 

57

 

Foreign exchange forward contracts

 

 

53

 

 

 

 

 

 

53

 

 

 

 

Total liabilities at fair value on a recurring basis

 

$

1,062

 

 

$

 

 

$

1,005

 

 

$

57

 

 

 

 

March 31, 2019

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(In thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative assets – diesel fuel contracts

 

$

189

 

 

$

 

 

$

189

 

 

$

 

Interest rate swaps

 

 

1,088

 

 

 

 

 

 

1,088

 

 

 

 

Total assets at fair value on a recurring basis

 

$

1,277

 

 

$

 

 

$

1,277

 

 

$

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative liability - diesel fuel contracts

 

$

283

 

 

$

 

 

$

283

 

 

$

 

Foreign exchange contracts

 

 

60

 

 

 

 

 

 

60

 

 

 

 

Contingent consideration for acquisitions

 

 

203

 

 

 

 

 

 

 

 

 

203

 

Total liabilities at fair value on a recurring basis

 

$

546

 

 

$

 

 

$

343

 

 

$

203

 

Summary of Changes in Fair Value of Recurring Fair Value Measurements Using Unobservable Inputs Changes in the fair value of recurring fair value measurements using significant unobservable inputs (Level 3) for the periods presented were as follows:

 

 

 

Three Months Ended

June 30,

 

 

 

2019

 

 

2018

 

 

 

(In thousands)

 

Balance at the beginning of the period

 

$

203

 

 

$

578

 

Change in fair value

 

 

 

 

 

2

 

Payments of contingent consideration liability

 

 

(146

)

 

 

(120

)

Balance at the end of the period

 

$

57

 

 

$

460