XML 61 R20.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Fair Value Measurements (Tables) | 3 Months Ended
--- | ---
Jun. 30, 2014
Fair Value Disclosures [Abstract] |
Financial Assets And Liabilities Measured At Fair Value On Recurring Basis | At June 30, 2014, June 30, 2013 and March 31, 2014, the Company had certain financial assets and financial liabilities that were required to be measured and reported at fair value on a recurring basis. These assets and liabilities are listed in the tables below and are classified based on how their values were determined under the fair value hierarchy:
|  | June 30, 2014
(in thousands of dollars) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |  |
Money market funds |  | $ | — |  |  | $ | 1,527 |  |  | $ | — |  |  | $ | 1,527 |
Trading securities associated with deferred compensation plans |  | 20,582 |  |  | — |  |  | — |  |  | 20,582 |
Forward foreign currency exchange contracts |  | — |  |  | 397 |  |  | — |  |  | 397 |
Total financial assets measured and reported at fair value |  | $ | 20,582 |  |  | $ | 1,924 |  |  | $ | — |  |  | $ | 22,506 |
Liabilities |  |  |  |  |  |  |  |
Guarantees of bank loans to tobacco growers |  | $ | — |  |  | $ | — |  |  | $ | 2,390 |  |  | $ | 2,390 |
Interest rate swap agreements |  | — |  |  | 887 |  |  | — |  |  | 887 |
Forward foreign currency exchange contracts |  | — |  |  | 1,635 |  |  | — |  |  | 1,635 |
Total financial liabilities measured and reported at fair value |  | $ | — |  |  | $ | 2,522 |  |  | $ | 2,390 |  |  | $ | 4,912 |
|  | June 30, 2013
(in thousands of dollars) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |  |
Money market funds |  | $ | — |  |  | $ | 1,526 |  |  | $ | — |  |  | $ | 1,526 |
Trading securities associated with deferred compensation plans |  | 18,423 |  |  | — |  |  | — |  |  | 18,423 |
Forward foreign currency exchange contracts |  | — |  |  | 2 |  |  | — |  |  | 2 |
Total financial assets measured and reported at fair value |  | $ | 18,423 |  |  | $ | 1,528 |  |  | $ | — |  |  | $ | 19,951 |
Liabilities |  |  |  |  |  |  |  |
Guarantees of bank loans to tobacco growers |  | $ | — |  |  | $ | — |  |  | $ | 3,800 |  |  | $ | 3,800 |
Interest rate swap agreements |  | — |  |  | 1,142 |  |  | — |  |  | 1,142 |
Forward foreign currency exchange contracts |  | — |  |  | 4,794 |  |  | — |  |  | 4,794 |
Total financial liabilities measured and reported at fair value |  | $ | — |  |  | $ | 5,936 |  |  | $ | 3,800 |  |  | $ | 9,736 |
|  | March 31, 2014
(in thousands of dollars) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |  |
Money market funds |  | $ | — |  |  | $ | 1,527 |  |  | $ | — |  |  | $ | 1,527 |
Trading securities associated with deferred compensation plans |  | 19,754 |  |  | — |  |  | — |  |  | 19,754 |
Forward foreign currency exchange contracts |  | — |  |  | 2,074 |  |  | — |  |  | 2,074 |
Total financial assets measured and reported at fair value |  | $ | 19,754 |  |  | $ | 3,601 |  |  | $ | — |  |  | $ | 23,355 |
Liabilities |  |  |  |  |  |  |  |
Guarantees of bank loans to tobacco growers |  | $ | — |  |  | $ | — |  |  | $ | 2,270 |  |  | $ | 2,270 |
Interest rate swap agreements |  | — |  |  | 936 |  |  | — |  |  | 936 |
Forward foreign currency exchange contracts |  | — |  |  | 3,973 |  |  | — |  |  | 3,973 |
Total financial liabilities measured and reported at fair value |  | $ | — |  |  | $ | 4,909 |  |  | $ | 2,270 |  |  | $ | 7,179 |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | A reconciliation of the change in the balance of the financial liability for guarantees of bank loans to tobacco growers (Level 3) for the three months ended June 30, 2014 and 2013 is provided below.
|  | Three Months Ended June 30,
(in thousands of dollars) |  | 2014 |  | 2013
Balance at beginning of year |  | $ | 2,270 |  |  | $ | 4,235 |
Payments under the guarantees and transfers to allowance for loss on direct loans to farmers (removal of prior crop year loans from the portfolio) |  | (2 | ) |  | (2,284 | )
Provision for loss or transfers from allowance for loss on direct loans to farmers (addition of current crop year loans) |  | 23 |  |  | 1,927 |
Change in discount rate and estimated collection period |  | 36 |  |  | 24 |
Currency remeasurement |  | 63 |  |  | (102 | )
Balance at end of period |  | $ | 2,390 |  |  | $ | 3,800 |

X
- Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19279-110258 + Details
Name: | us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration