XML 54 R43.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Derivative Instruments and Hedging Activities (Tables) | 9 Months Ended
--- | ---
Dec. 31, 2018
Derivative [Line Items] |
Schedule of Derivative Instruments, Statements of Financial Performance And Comprehensive Income, Location And Effect | The following table presents the effect of the Company's derivatives on the accompanying consolidated statements of operations and comprehensive income (loss) for the three and nine months ended December 31, 2018 and 2017:
| Three Months Ended |  | Nine Months Ended
| December 31, |  | December 31,
| 2018 |  | 2017 |  | 2018 |  | 2017
| (Amounts in millions)
Derivatives designated as cash flow hedges: |  |  |  |  |  |  |
Forward exchange contracts |  |  |  |  |  |  |
Gain (loss) recognized in accumulated other comprehensive income (loss) | $ | 0.8 |  |  | $ | (0.3 | ) |  | $ | 1.2 |  |  | $ | (0.5 | )
Loss reclassified from accumulated other comprehensive income (loss) into direct operating expense | $ | (0.4 | ) |  | $ | — |  |  | $ | (0.2 | ) |  | $ | — |
Interest rate swap agreements |  |  |  |  |  |  |
Loss recognized in accumulated other comprehensive income (loss) | $ | (40.5 | ) |  | $ | — |  |  | $ | (35.1 | ) |  | $ | — |
Loss reclassified from accumulated other comprehensive income (loss) into interest expense | (2.3 | ) |  | — |  |  | (6.1 | ) |  | — |
Derivatives not designated as cash flow hedges: |  |  |  |  |  |  |
Forward exchange contracts |  |  |  |  |  |  |
Gain (loss) recognized in direct operating expense | $ | 0.1 |  |  | $ | (0.2 | ) |  | $ | 0.1 |  |  | $ | — |
Total direct operating expense on consolidated statements of operations | $ | 502.0 |  |  | $ | 650.1 |  |  | $ | 1,495.2 |  |  | $ | 1,726.6 |
Total interest expense on consolidated statements of operations(1) | $ | 42.7 |  |  | $ | 31.9 |  |  | $ | 116.9 |  |  | $ | 105.7 |
________________ (1)Represents interest expense before interest on dissenting shareholders' liability.
Forward Foreign Exchange Contracts |
Derivative [Line Items] |
Schedule of Derivative Instruments Outstanding | As of December 31, 2018, the Company had the following outstanding forward foreign exchange contracts (all outstanding contracts have maturities of less than 15 months from December 31, 2018):
December 31, 2018
Foreign Currency |  | Foreign Currency Amount |  | US Dollar Amount |  | Weighted Average Exchange Rate Per $1 USD
|  | (Amounts in millions) |  | (Amounts in millions) |  |
British Pound Sterling |  |  | £6.8 |  | in exchange for |  | $9.6 |  |  | £0.71
Canadian Dollar |  |  | C$21.8 |  | in exchange for |  | $17.1 |  |  | C$1.27
Australian Dollar |  |  | A$4.4 |  | in exchange for |  | $3.5 |  |  | A$1.28
Derivative Instruments by Balance Sheet Location | As of December 31, 2018 and March 31, 2018, the Company had the following amounts recorded in the accompanying consolidated balance sheets related to the Company's use of derivatives:
|  | December 31, 2018
|  | Other Current Assets |  | Accounts Payable and Accrued Liabilities |  | Other Non-Current Liabilities
|  | (Amounts in millions)
Derivatives designated as cash flow hedges: |  |  |  |  |  |
Forward exchange contracts |  | $ | 2.3 |  |  | $ | 0.9 |  |  | $ | — |
Interest rate swap agreements |  | — |  |  | — |  |  | 35.1 |
Fair value of derivatives |  | $ | 2.3 |  |  | $ | 0.9 |  |  | $ | 35.1 |
|  | March 31, 2018
|  | Other Current Assets |  | Accounts Payable and Accrued Liabilities |
|  | (Amounts in millions)
Derivatives designated as cash flow hedges: |  |  |  |  |
Forward exchange contracts |  | $ | 0.3 |  |  | $ | 0.6 |  |
Fair value of derivatives |  | $ | 0.3 |  | (1) | $ | 0.6 |  | (1)
_____________
(1) | Includes an immaterial amount of forward foreign exchange contracts not designated as hedging instruments as of March 31, 2018.
Interest rate swap agreements |
Derivative [Line Items] |
Schedule of Derivative Instruments Outstanding | The major terms of the Company's interest rate swap agreements as of December 31, 2018 are as follows (all related to the Company's LIBOR-based debt, see Note 6):
Effective Date |  | Notional Amount (in millions) |  | Fixed Rate Paid |  | Maturity Date
May 23, 2018 |  | $1,000.0 |  | 2.915% |  | March 24, 2025
June 25, 2018 |  | $200.0 |  | 2.723% |  | March 23, 2025
July 31, 2018 |  | $300.0 |  | 2.885% |  | March 23, 2025
December 24, 2018 |  | $50.0 |  | 2.744% |  | March 23, 2025
December 24, 2018 |  | $100.0 |  | 2.808% |  | March 23, 2025
December 24, 2018 |  | $50.0 |  | 2.728% |  | March 23, 2025

X
- Definition Tabular disclosure of (1) the location and amount of gains and losses reported in the statement of financial performance for derivative instruments not designated as hedging activities (2) the effective portion of the gains and losses on derivative instruments designated as hedging activities recognized in other comprehensive income (loss) during the period and (3) the amount and location of the amount reclassified from accumulated other comprehensive income (loss) during the period to the statement of financial performance. + References No definition available. + Details
Name: | lgfa_ScheduleofDerivativeInstrumentsStatementsofFinancialPerformanceAndComprehensiveIncomeLocationAndEffectTableTextBlock
Namespace Prefix: | lgfa_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DerivativeLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5580258-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109980867&loc=d3e41620-113959 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5579245-113959 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=109980867&loc=d3e41638-113959 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109980867&loc=d3e41678-113959 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=109980867&loc=d3e41641-113959 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(n)(2)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5579240-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_ForwardContractsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |