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Fair Value Measurements (Tables)

3 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Financial Assets And Liabilities Measured At Fair Value On Recurring Basis [Table Text Block]

At June 30, 2022 and 2021, and at March 31, 2022, 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 or the NAV practical expedient:

						June 30, 2022
												Fair Value Hierarchy
(in thousands of dollars)						NAV						Level 1						Level 2						Level 3						Total
Assets
Money market funds						$	334					$	—					$	—					$	—					$	334
Trading securities associated with deferred compensation plans						—						11,666						—						—						11,666
Interest rate swap agreements						—						—						4,345						—						4,345
Foreign currency exchange contracts						—						—						8,689						—						8,689
Total financial assets measured and reported at fair value						$	334					$	11,666					$	13,034					$	—					$	25,034
Liabilities
Foreign currency exchange contracts						$	—					$	—					$	405					$	—					$	405
Total financial liabilities measured and reported at fair value						$	—					$	—					$	405					$	—					$	405

						June 30, 2021
												Fair Value Hierarchy
(in thousands of dollars)						NAV						Level 1						Level 2						Level 3						Total
Assets
Money market funds						$	1,992					$	—					$	—					$	—					$	1,992
Trading securities associated with deferred compensation plans						—						15,735						—						—						15,735
Foreign currency exchange contracts						—						—						8,547						—						8,547
Total financial assets measured and reported at fair value						$	1,992					$	15,735					$	8,547					$	—					$	26,274
Liabilities
Acquisition-related contingent consideration obligations - long term						$	—					$	—					$	—					$	2,532					2,532
Interest rate swap agreements						—						—						24,892						—						24,892
Foreign currency exchange contracts						—						—						2,151						—						2,151
Total financial liabilities measured and reported at fair value						$	—					$	—					$	27,043					$	2,532					$	29,575

						March 31, 2022
												Fair Value Hierarchy
(in thousands of dollars)						NAV						Level 1						Level 2						Level 3						Total
Assets
Money market funds						$	334					$	—					$	—					$	—					$	334
Trading securities associated with deferred compensation plans						—						13,655						—						—						13,655
Foreign currency exchange contracts						—						—						24,068						—						24,068
Total financial assets measured and reported at fair value						$	334					$	13,655					$	24,068					$	—					$	38,057
Liabilities
Interest rate swap agreements						$	—					$	—					$	1,161					$	—					$	1,161
Foreign currency exchange contracts						—						—						3,264						—						3,264
Total financial liabilities measured and reported at fair value						$	—					$	—					$	4,425					$	—					$	4,425

Schedule of Business Acquisitions by Acquisition, Contingent Consideration [Table Text Block]

A reconciliation of the change in the balance of the acquisition-related contingent consideration obligation (Level 3) for the three months ended June 30, 2022 and 2021 is provided below.

(in thousands of dollars)			Three Months Ended June 30,
			2022						2021
Balance beginning of year			$	—					$	2,532
Change in fair value of contingent consideration liability									—
Balance at end of period			$	—					$	2,532

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]

The following table summarizes the fair and carrying value of the Company’s long-term debt, including the current portion at each of the balance sheet dates June 30, 2022, and 2021 and March 31, 2022:

(in millions of dollars)			June 30, 2022						June 30, 2021						March 31, 2022
Fair market value of long term obligations			$	517					$	517					$	517
Carrying value of long term obligations			$	520					$	520					$	520

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- References

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- Definition

Tabular disclosure of contingent payment arrangements including the terms that will result in payment and the accounting treatment that will be followed if such contingencies occur, including the potential impact on earnings per share if contingencies are to be settled in common stock of the entity. The description also may include the period over which amounts are expected to be paid, and changes in the amount since the previous reporting period. This also includes contingent options and commitments.

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- Definition

Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements.

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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/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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