XML 111 R33.htm IDEA: XBRL DOCUMENT v3.19.3

Fair Value Measurements (Tables)

6 Months Ended

Sep. 30, 2019

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 September 30, 2019 and March 31, 2019:

	September 30, 2019												March 31, 2019
	Level 1				Level 2				Total				Level 1				Level 2				Total
Assets:	(Amounts in millions)
Available-for-sale equity securities	$	0.8			$	—			$	0.8			$	1.2			$	—			$	1.2
Forward exchange contracts (see Note 17)	—				1.6				1.6				—				1.5				1.5
Liabilities:
Forward exchange contracts (see Note 17)	—				(0.7		)		(0.7		)		—				(0.6		)		(0.6		)
Interest rate swaps (see Note 17)	—				(130.3		)		(130.3		)		—				(63.6		)		(63.6		)

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 outstanding debt at September 30, 2019 and March 31, 2019:

	September 30, 2019								March 31, 2019
	(Amounts in millions)
	Carrying Value				Fair Value				Carrying Value				Fair Value
					(Level 2)								(Level 2)
Liabilities(1):
Term Loan A	$	716.6			$	724.9			$	733.3			$	742.5
Term Loan B	1,086.2				1,098.5				1,091.2				1,088.1
5.875% Senior Notes	504.0				534.3				502.8				534.3
6.375% Senior Notes	542.8				578.9				541.4				576.1
Production loans	269.0				269.7				385.4				386.4

________________

(1)

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).

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109250915&loc=d3e13467-108611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

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 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration