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FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES (Tables)
9 Months Ended
Dec. 31, 2012
FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES  
Schedule of assumptions used in the fair value of warrants

 

 

 

 

As of
December 31, 2012

 

Remaining life

 

5.4

 

Volatility

 

53

%

Dividend yield

 

0

%

Risk-free rate

 

0.81

%

Summary of changes in fair value adjustment of warrants

 

 

 

 

Amount

 

 

 

(In thousands)

 

Balance, March 31, 2012

 

$

 

Fair value adjustment

 

23,000

 

Balance, September 28, 2012

 

23,000

 

Fair value adjustment

 

41,761

 

Balance, December 31, 2012

 

$

64,761

 

Schedule of financial assets and liabilities measured at fair value on a recurring basis

 

 

 

 

Fair Value Measurements as of December 31, 2012

 

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

 

 

(In thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

Money market funds and time deposits (Note 2)

 

$

 

$

495,829

 

$

 

$

495,829

 

Deferred purchase price receivable (Note 8)

 

 

 

462,014

 

462,014

 

Foreign exchange forward contracts (Note 7)

 

 

24,789

 

 

24,789

 

Available for sale investments

 

1,775

 

 

 

1,775

 

Warrants to purchase common shares (Note 2)

 

 

 

64,761

 

64,761

 

Deferred compensation plan assets:

 

 

 

 

 

 

 

 

 

Mutual funds, money market accounts and equity securities

 

6,066

 

39,939

 

 

46,005

 

Liabilities:

 

 

 

 

 

 

 

 

 

Foreign exchange forward contracts (Note 7)

 

$

 

$

(15,294

)

$

 

$

(15,294

)

 

 

 

Fair Value Measurements as of March 31, 2012

 

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

 

 

(In thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

Money market funds and time deposits (Note 2)

 

$

 

$

343,906

 

$

 

$

343,906

 

Deferred purchase price receivable (Note 8)

 

 

 

514,895

 

514,895

 

Foreign exchange forward contracts (Note 7)

 

 

20,969

 

 

20,969

 

Available for sale investments

 

5,994

 

 

 

5,994

 

Deferred compensation plan assets:

 

 

 

 

 

 

 

 

 

Mutual funds, money market accounts and equity securities

 

3,411

 

54,241

 

 

57,652

 

Liabilities:

 

 

 

 

 

 

 

 

 

Foreign exchange forward contracts (Note 7)

 

$

 

$

(8,105

)

$

 

$

(8,105

)

Schedule of assets measured at fair value on a nonrecurring basis

 

 

 

 

Fair Value Measurements as of December 31, 2012

 

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

 

 

(In thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

Assets held for sale

 

$

 

$

16,871

 

$

 

$

16,871

 

Property and equipment

 

 

18,367

 

 

18,367

 

 

 

 

Fair Value Measurements as of March 31, 2012

 

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

 

 

(In thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

Assets held for sale

 

$

 

$

16,701

 

$

 

$

16,701

 

Schedule of financial liabilities not carried at fair value

 

 

 

 

As of December 31, 2012

 

As of March 31, 2012

 

 

 

 

 

Carrying

 

Fair

 

Carrying

 

Fair

 

Fair Value

 

 

 

Amount

 

Value

 

Amount

 

Value

 

Hierarchy

 

 

 

(In thousands)

 

 

 

Term loan dated October 1, 2007

 

$

1,170,340

 

$

1,180,580

 

$

1,179,595

 

$

1,171,959

 

Level 1

 

Term loan dated October 19, 2011

 

517,500

 

519,441

 

487,500

 

482,625

 

Level 1

 

Asia term loans

 

375,500

 

378,786

 

377,000

 

374,394

 

Level 2

 

Revolving credit facility

 

 

 

140,000

 

140,000

 

Level 2

 

Total

 

$

2,063,340

 

$

2,078,807

 

$

2,184,095

 

$

2,168,978