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Fair Value Measurements (Tables)
9 Months Ended
Dec. 31, 2014
Schedule of Fair Value Assets Measurement

The following table provides the fair value hierarchy for the plan assets measured at fair value as of December 31, 2014:

 

      
(In thousands)    Total   Quoted prices in
active markets
(Level 1)
  Significant
observable
inputs
(Level 2)
   Significant
unobservable
inputs
(Level 3)
     

Equity securities:

                    

Common stock

     $ 3,941         3,941                      

Preferred stock

                                    

Foreign stock

       212         212                      

American depository receipts

       1,695         1,695                      

Preferred American depository receipts

       14         14                      

Real estate investment trusts

       63         63                      

Debt securities:

                    

Government debt securities

       1,668         1,329         339              

Open ended mutual funds

       1,897         1,897                      

Cash and cash equivalents

       670         16         654                

Total

     $ 10,160         9,167         993              

Other pending transactions

       (137 )       (137 )                      

Total fair value of plan assets

     $ 10,023         9,030         993              
                                                  

The following table provides the fair value hierarchy for the plan assets measured at fair value as of March 31, 2014:

 

      
(In thousands)    Total   Quoted prices in
active markets
(Level 1)
  Significant
observable
inputs
(Level 2)
   Significant
unobservable
inputs
(Level 3)
     

Equity securities:

                    

Common stock

     $ 4,141         4,141                        

Preferred stock

                                      

Foreign stock

       231         231                        

American depository receipts

       1,809         1,809                        

Preferred American depository receipts

       15         15                        

Real estate investment trusts

       38         38                        

Debt securities:

                    

Government debt securities

       1,975         1,363         612                

Open ended mutual funds

       1,797         1,797                        

Cash and cash equivalents

       369         57         312                  

Total

     $ 10,375         9,451         924                

Other pending transactions

       (90 )       (90 )                        

Total fair value of plan assets

     $ 10,285         9,361         924                
                                                  

 

Schedule of Fair Value Other Financial Instruments Measured

The following table provides the fair value hierarchy for the company’s other financial instruments measured as of December 31, 2014:

 

     
(In thousands)    Total    

Quoted prices in
active markets

(Level1)

   Significant
observable
inputs
(Level 2)
   Significant
unobservable
inputs
(Level 3)
    

Money market cash equivalents

     $     1,016          1,016                  —                  —      

Total fair value of assets

     $ 1,016          1,016                      
                                                   

The following table provides the fair value hierarchy for the company’s other financial instruments measured as of March 31, 2014:

 

     
(In thousands)    Total    

Quoted prices in
active markets

(Level1)

   Significant
observable
inputs
(Level 2)
   Significant
unobservable
inputs
(Level 3)
    

Money market cash equivalents

     $     16,559          16,559                  —                  —      

Total fair value of assets

     $ 16,559          16,559                      
                                                   

 

Summary of Gain on Assets Disposition

The below table summarizes the combined fair value of the assets that incurred impairments during the quarters and nine-month periods ended December 31, 2014 and 2013, along with the amount of impairment. The impairment charges were recorded in gain on asset dispositions, net.

 

    

Quarter Ended

December 31,

      

Nine Months Ended

December 31,

      
  

 

 

      

 

 

(In thousands)

     2014           2013           2014         2013        

Amount of impairment incurred

   $     6,236           3,691           8,096         7,738      

Combined fair value of assets incurring impairment

     3,914           4,308           4,634         8,774