XML 45 R35.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fair Value Measurements (Tables)
 3 Months Ended
Jun. 30, 2018
Fair Value Disclosures [Abstract]  
Assets and Liabilities Required to be Carried at Fair Value on a Recurring Basis
The following table sets forth the assets and liabilities required to be carried at fair value on a recurring basis as of June 30, 2018 and March 31, 2018:
 
June 30, 2018
 
March 31, 2018
 
Level 1
 
Level 2
 
Total
 
Level 1
 
Level 2
 
Total
Assets:
(Amounts in millions)
Available-for-sale securities (see Note 4):
 
 
 
 
 
 
 
 
 
 
 
Investment in Next Games
$
6.5

 
$
—

 
$
6.5

 
$
7.3

 
$
—

 
$
7.3

 
 
 
 
 
 
 
 
 
 
 
 
Forward exchange contracts (see Note 17)
—

 
1.1

 
1.1

 
—

 
0.3

 
0.3

Interest rate swaps (see Note 17)
—

 
0.9

 
0.9

 
—

 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
Forward exchange contracts (see Note 17)
—

 
(1.4
)
 
(1.4
)
 
—

 
(0.6
)
 
(0.6
)
Interest rate swaps (see Note 17)
—

 
(7.8
)
 
(7.8
)
 
—

 
—

 
—

 
$
6.5

 
$
(7.2
)
 
$
(0.7
)
 
$
7.3

 
$
(0.3
)
 
$
7.0
Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried at Fair Value on a Recurring Basis
The following table sets forth the carrying values and fair values of the Company’s investment in Pop's mandatorily redeemable preferred stock units and outstanding debt at June 30, 2018 and March 31, 2018:
 
 
June 30, 2018
 
March 31, 2018
 
(Amounts in millions)
 
Carrying
Value
 
Fair Value
 
Carrying Value
 
Fair Value
 
 
 
(Level 3)
 
 
 
(Level 3)
Assets:
 
 
 
 
 
 
 
Investment in Pop's mandatorily redeemable preferred stock units(1)
$
90.6

 
$
125.0

 
$
91.3

 
$
125.0

 
 
 
 
 
 
 
 
 
Carrying
Value
 
Fair Value
 
Carrying Value
 
Fair Value
 
 
 
(Level 2)
 
 
 
(Level 2)
Liabilities(2):
 
 
 
 
 
 
 
Term Loan A
730.6

 
748.1

 
729.7

 
750.9

Term Loan B
1,226.7

 
1,248.4

 
1,229.3

 
1,251.6

5.875% Senior Notes
501.0

 
523.3

 
500.4

 
539.5

April 2013 1.25% Notes
—

 
—

 
60.0

 
60.3

Production loans
362.0

 
362.3

 
352.6

 
352.9

 
$
2,820.3

 
$
2,882.1

 
$
2,872.0

 
$
2,955.2


________________
(1)
The Company measures the fair value of its investment in Pop's mandatorily redeemable preferred stock units using primarily a discounted cash flow analysis based on the expected cash flows of the investment (a Level 3 measurement). The analysis reflects the contractual terms of the investment, including the period to maturity, and uses a discount rate commensurate with the risk associated with the investment.
(2)
The Company measures the fair value of its outstanding debt using discounted cash flow techniques that use observable market inputs, such as LIBOR-based yield curves, swap rates, and credit ratings (Level 2 measurements).