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Fair Value Measurements (Tables)
3 Months Ended
Jun. 30, 2016
Fair Value Disclosures [Abstract]  
Fair Value, Long-term Debt
The carrying value and estimated fair value of the Company's Long-Term Debt are shown in the table below.
 
June 30, 2016
 
June 30, 2015
 
March 31, 2016
Carrying value
$
911,068

 
$
926,953

 
$
920,444

Estimated fair value
800,394

 
855,886

 
753,038

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
The following table summarizes the items measured at fair value on a recurring basis:

 
June 30, 2016
 
June 30, 2015
 
March 31, 2016
 
 
Total Assets /
 
 
 
Total Assets /
 
 
 
Total Assets /
 
 
Liabilities
 
 
 
Liabilities
 
 
 
Liabilities
 
Level 2
Level 3
at Fair Value
 
Level 2
Level 3
at Fair Value
 
Level 2
Level 3
at Fair Value
Assets
 
 
 
 
 
 
 
 
 
 
 
Derivative financial instruments
$

$

$

 
$
609

$

$
609

 
$

$

$

Securitized beneficial interests

14,681

14,681

 

23,256

23,256

 

40,368

40,368

Total Assets
$

$
14,681

$
14,681

 
$
609

$
23,256

$
23,865

 
$

$
40,368

$
40,368

Liabilities
 
 
 
 
 
 
 
 
 
 
 
Guarantees
$

$
5,891

$
5,891

 
$

$
7,723

$
7,723

 
$

$
7,350

$
7,350

Derivative financial instruments



 



 



Total liabilities
$

$
5,891

$
5,891

 
$

$
7,723

$
7,723

 
$

$
7,350

$
7,350

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
The following tables present the changes in Level 3 instruments measured on a recurring basis:
 
Three Months Ended June 30, 2016
 
 
Securitized Beneficial Interests
 
Guarantees
 
Beginning Balance
$
40,368

 
$
7,350

 
   Issuances of guarantees/sales of receivables
61,205

 
1,003

 
   Settlements
(86,634
)
 
(2,462
)
 
   Losses recognized in earnings
(258
)
 

 
Ending Balance June 30, 2016
$
14,681

 
$
5,891

 

 
Three Months Ended June 30, 2015
 
 
Securitized Beneficial Interest
 
Guarantees
 
Beginning Balance
$
40,712

 
$
8,650

 
   Issuances of guarantees/sales of receivables
33,782

 
4,557

 
   Settlements
(51,167
)
 
(5,484
)
 
   Losses recognized in earnings
(71
)
 

 
Ending Balance June 30, 2015
$
23,256

 
$
7,723

 
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques
The following table summarizes significant unobservable inputs and the valuation techniques thereof at June 30, 2016:

 
Fair Value at June 30, 2016
Unobservable Input
Range (Weighted Average)
Securitized Beneficial Interests
$
14,681

 
Discounted Cash Flow
Discount Rate
3.22
%
 
 
 
 
Payment Speed
71 days

Tobacco Supplier Guarantees
$
2,297

 
Historical Loss
Historical Loss
9.90% to 15.92%

Tobacco Supplier Guarantees
$
3,594

 
Discounted Cash Flow
Market Interest Rate
15.75% to 21.95%