Fair Value Measurements (Tables)

3 Months Ended

Jun. 30, 2014

Assets and liabilities measured at fair value on a recurring basis

The following tables present information about our financial assets and liabilities measured at fair value on a recurring basis and indicate the fair value hierarchy of the valuation techniques utilized to determine such fair value:



	Fair value measurement used
	Recorded value as of		Active markets for identical assets or liabilities		Quoted prices in similar instruments and observable inputs		Active markets for unobservable inputs
(In thousands)	June 30, 2014		(Level 1)		(Level 2)		(Level 3)
Assets:
Corporate-owned life insurance — non-current	$	2,389	$	—	$	—	$	2,389
Liabilities:
Contingent consideration — current	$	180	$	—	$	—	$	180
Contingent consideration — non-current	1,558		—		—		1,558



	Fair value measurement used
	Recorded value as of		Active markets for identical assets or liabilities		Quoted prices in similar instruments and observable inputs		Active markets for unobservable inputs
(In thousands)	March 31, 2014		(Level 1)		(Level 2)		(Level 3)
Assets:
Corporate-owned life insurance — current	$	1,989	$	—	$	—	$	1,989
Corporate-owned life insurance — non-current	2,371		—		—		2,371
Liabilities:
Contingent consideration — current	$	127	$	—	$	—	$	127
Contingent consideration — non-current	1,612		—		—		1,612

Summary of changes in the fair value of the Level 3 assets and liabilities Corporate-owned life insurance

The following table presents a summary of changes in the fair value of the Level 3 assets:



	Three months ended
	June 30,
(In thousands)	2014			2013
Corporate-owned life insurance:
Balance on April 1	$	4,360		$	3,673
Unrealized gain relating to instruments held at reporting date	14			30
Purchases, sales, issuances and settlements, net	4			—
Proceeds from corporate-owned life insurance policy	(1,989		)	—
Balance on June 30	$	2,389		$	3,703

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

The following tables present a summary of changes in the fair value of the Level 3 assets and liabilities:



Level 3 assets and liabilities
Three months ended June 30, 2014
(In thousands)	Contingent consideration
Balance at April 1, 2014	$	1,739
Foreign currency translation adjustments	—
Amortization	—
Provisions	—
Purchases	—
Activity, payments and other charges (net)	(1		)
Balance at June 30, 2014	$	1,738



Level 3 assets and liabilities
Three months ended June 30, 2013
(In thousands)	Contingent consideration
Balance at April 1, 2013	$	—
Foreign currency translation adjustments	—
Amortization	—
Provisions	—
Purchases	—
Activity, payments and other charges (net)	1,800
Balance at June 30, 2013	$	1,800

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

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