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Fair Value Measurements (Tables)
12 Months Ended
Mar. 31, 2017
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.

 
March 31,
 
2017
2016
     Carrying value
$
953,006

$
920,444

     Estimated fair value
867,825

753,038


Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
The following tables present the Company’s assets and liabilities measured at fair value on a recurring basis:

 
March 31, 2017
March 31, 2016
 
Level 2
Level 3
Total Assets /
Liabilities,
at Fair Value
 
Level 2
Level 3
Total Assets /
Liabilities,
at Fair Value
 
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
   Derivative financial instruments
$
943

$

$
943

 
$

$

$

   Securitized beneficial interests

38,206

38,206

 

40,368

40,368

   Total Assets
$
943

$
38,206

$
39,149

 
$

$
40,368

$
40,368

Liabilities
 
 
 
 
 
 
 
   Guarantees
$

$
7,126

$
7,126

 
$

$
7,350

$
7,350

   Derivative financial instruments



 



Total Liabilities
$

$
7,126

$
7,126

 
$

$
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.

    
 
Securitized Beneficial Interests
Guarantees
Beginning Balance March 31, 2015
$
40,712

$
8,650

     Sales of receivables/issuance of guarantees
249,326

11,327

     Settlements
(246,009
)
(11,719
)
     Losses recognized in earnings
(3,661
)
(908
)
Ending Balance at March 31, 2016
40,368

7,350

     Sales of receivables/issuance of guarantees
229,580

7,478

     Settlements
(227,495
)
(5,921
)
     Losses recognized in earnings
(4,247
)
(1,781
)
Ending Balance at March 31, 2017
$
38,206

$
7,126


Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques
The following table summarizes significant unobservable inputs and the valuation techniques thereof for the periods ended March 31, 2017 and 2016:
 
Fair value at March 31, 2017
Valuation Technique
Unobservable Input
Range (Weighted Average)
Securitized Beneficial Interests
 

Discount Rate
2.9% to 4.37%
 
$
38,206

Discounted Cash Flow
Payment Speed
46 days to 101 days
Tobacco Supplier Guarantees
2,850

Historical Loss
Historical Loss
10.0% to 16.0%
 
4,276

Discounted Cash Flow
Market Interest Rate
16.5% to 38.0%


 
Fair value at March 31, 2016
Valuation Technique
Unobservable Input
Range (Weighted Average)
Securitized Beneficial Interests
$
40,368

Discounted Cash Flow
Discount Rate
3.17% to 3.77%
Payment Speed
94.7 to 116.0 days
Tobacco Supplier Guarantees
3,278

Historical Loss
Historical Loss
5.0% to 15.9%
 
4,072

Discounted Cash Flow
Market Interest Rate
15.8% to 22.0%