XML 39 R29.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Fair Value Measurements (Tables) | 6 Months Ended
--- | ---
Sep. 30, 2022
Fair Value Disclosures [Abstract] |
Financial Assets And Liabilities Measured At Fair Value On Recurring Basis [Table Text Block] | At September 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:
|  | September 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 |  | — |  |  | 10,845 |  |  | — |  |  | — |  |  | 10,845 |
Interest rate swap agreements |  | — |  |  | — |  |  | 13,959 |  |  | — |  |  | 13,959 |
Foreign currency exchange contracts |  | — |  |  | — |  |  | 3,539 |  |  | — |  |  | 3,539 |
Total financial assets measured and reported at fair value |  | $ | 334 |  |  | $ | 10,845 |  |  | $ | 17,498 |  |  | $ | — |  |  | $ | 28,677 |
Liabilities |  |  |  |  |  |  |  |  |  |
Foreign currency exchange contracts |  | $ | — |  |  | $ | — |  |  | $ | 181 |  |  | $ | — |  |  | $ | 181 |
Total financial liabilities measured and reported at fair value |  | $ | — |  |  | $ | — |  |  | $ | 181 |  |  | $ | — |  |  | $ | 181 |
|  | September 30, 2021
|  |  |  | Fair Value Hierarchy |  |
(in thousands of dollars) |  | NAV |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 335 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 335 |
Trading securities associated with deferred compensation plans |  | — |  |  | 14,557 |  |  | — |  |  | — |  |  | 14,557 |
Foreign currency exchange contracts |  | — |  |  | — |  |  | 1,917 |  |  | — |  |  | 1,917 |
Total financial assets measured and reported at fair value |  | $ | 335 |  |  | $ | 14,557 |  |  | $ | 1,917 |  |  | $ | — |  |  | $ | 16,809 |
Liabilities |  |  |  |  |  |  |  |  |  |
Interest rate swap agreements |  | $ | — |  |  | $ | — |  |  | $ | 22,888 |  |  | $ | — |  |  | $ | 22,888 |
Foreign currency exchange contracts |  | — |  |  | — |  |  | 3,791 |  |  | — |  |  | 3,791 |
Total financial liabilities measured and reported at fair value |  | $ | — |  |  | $ | — |  |  | $ | 26,679 |  |  | $ | — |  |  | $ | 26,679 |
|  | 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 six months ended September 30, 2022 and 2021 is provided below.
(in thousands of dollars) | Six Months Ended September 30,
| 2022 |  | 2021
Balance beginning of year | $ | — |  |  | $ | 2,532 |
Change in fair value of contingent consideration liability |  |  | (2,532) |
Balance at end of period | $ | — |  |  | $ | — |
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 September 30, 2022, and 2021 and March 31, 2022:
(in millions of dollars) | September 30, 2022 |  | September 30, 2021 |  | March 31, 2022
Fair market value of long term obligations | $ | 517 |  |  | $ | 518 |  |  | $ | 517 |
Carrying value of long term obligations | $ | 520 |  |  | $ | 520 |  |  | $ | 520 |

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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. + References No definition available. + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionContingentConsiderationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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/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 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration