Pyxus International (PYYX) 10-K 14 Jun 17 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2017	Jun. 01, 2017	Sep. 30, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	ALLIANCE ONE INTERNATIONAL, INC.
Entity Central Index Key	939,930
Current Fiscal Year End Date	--03-31
Entity Filer Category	Accelerated Filer
Document Type	10-K
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		8,962,891
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 157.7

STATEMENTS OF CONSOLIDATED OPER

STATEMENTS OF CONSOLIDATED OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Income Statement [Abstract]
Sales and other operating revenues	$ 1,714,750	$ 1,904,592	$ 2,066,865
Cost of goods and services sold	1,497,721	1,678,798	1,823,366
Gross profit	217,029	225,794	243,499
Selling, general and administrative expenses	135,982	123,546	137,020
Other income (expense)	4,896	105,427	(66)
Restructuring and asset impairment charges	1,375	5,888	9,118
Operating income	84,568	201,787	97,295
Debt retirement expense (income)	(300)	0	(771)
Interest expense	132,667	117,190	113,273
Interest income	8,157	7,077	6,268
Income (loss) before income taxes and other items	(39,642)	91,674	(8,939)
Income tax expense	23,480	32,215	21,918
Equity in net income (loss) of investee companies	(149)	5,986	2,823
Net income (loss)	(63,271)	65,445	(28,034)
Less: Net loss attributable to noncontrolling interests	(343)	(87)	(172)
Net income (loss) attributable to Alliance One International, Inc.	$ (62,928)	$ 65,532	$ (27,862)
Earnings (loss) per share:
Basic (in dollars per share)	$ (7.05)	$ 7.38	$ (3.16)
Diluted (in dollars per share)	$ (7.05)	$ 7.38	$ (3.16)

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (63,271)	$ 65,445	$ (28,034)
Currency translation adjustment	(8,247)	108	(12,514)
Pension prior service credit (cost) and net actuarial gain (loss), net of tax of $(670) in 2017, $(328) in 2016 and $186 in 2015	3,137	12,437	(15,546)
Loss on derivatives, net of tax	(1,100)	0	0
Total other comprehensive income (loss), net of tax	(6,210)	12,545	(28,060)
Total comprehensive income (loss)	(69,481)	77,990	(56,094)
Comprehensive loss attributable to noncontrolling interests	(354)	(80)	(172)
Comprehensive income (loss) attributable to Alliance One International, Inc.	$ (69,127)	$ 78,070	$ (55,922)

CONSOLIDATED STATEMENTS OF COM4

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Statement of Comprehensive Income [Abstract]
Pension adjustment, net of tax expense (benefit)	$ (670)	$ (328)	$ 186

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2017	Mar. 31, 2016
Current assets
Cash and cash equivalents	$ 473,110,000	$ 199,720,000
Trade receivables, net	239,558,000	303,907,000
Other receivables	14,627,000	97,101,000
Accounts receivable, related parties	8,133,000	1,920,000
Inventories	678,325,000	791,340,000
Advances to tobacco suppliers	54,713,000	41,837,000
Recoverable income taxes	7,389,000	13,421,000
Prepaid expenses	17,924,000	20,016,000
Current derivative asset	943,000	0
Other current assets	15,354,000	21,096,000
Total current assets	1,510,076,000	1,490,358,000
Other assets
Investments in unconsolidated affiliates	52,328,000	58,259,000
Goodwill	16,463,000	16,463,000
Other intangible assets	46,136,000	50,571,000
Long-term recoverable income taxes	0	8,686,000
Deferred income taxes	38,507,000	38,773,000
Other deferred charges	5,397,000	3,934,000
Other noncurrent assets	46,454,000	23,629,000
Total other assets	205,285,000	200,315,000
Property, plant and equipment, net	256,511,000	277,525,000
Total assets	1,971,872,000	1,968,198,000
Current liabilities
Notes payable to banks	475,863,000	475,989,000
Accounts payable	89,434,000	81,649,000
Due to related parties	9,773,000	20,490,000
Advances from customers	30,925,000	9,895,000
Accrued expenses and other current liabilities	91,332,000	74,425,000
Income taxes	5,377,000	12,022,000
Long-term debt current	10,046,000	356,000
Total current liabilities	712,750,000	674,826,000
Noncurrent liabilities
Long-term debt	942,959,000	910,214,000
Deferred income taxes	17,608,000	16,924,000
Liability for unrecognized tax benefits	10,073,000	9,809,000
Pension, postretirement and other long-term liabilities	81,772,000	81,753,000
Total noncurrent liabilities	1,052,412,000	1,018,700,000
Commitments and contingencies
Common stock—no par value:
250,000 authorized shares, 9,748 issued and outstanding (9,685 at March 31, 2016)	472,349,000	470,830,000
Retained deficit	(208,784,000)	(145,856,000)
Accumulated other comprehensive loss	(60,047,000)	(53,848,000)
Total stockholders’ equity of Alliance One International, Inc.	203,518,000	271,126,000
Noncontrolling interests	3,192,000	3,546,000
Total equity	206,710,000	274,672,000
Total liabilities and stockholder's equity	$ 1,971,872,000	$ 1,968,198,000

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - shares	Mar. 31, 2017	Mar. 31, 2016
Statement of Financial Position [Abstract]
Common stock, shares authorized	250,000,000	250,000,000
Common stock, shares, issued	9,748,000	9,685,000
Common stock, shares, outstanding	9,748,000	9,685,000

STATEMENTS OF CONSOLIDATED STOC

STATEMENTS OF CONSOLIDATED STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock	Retained Deficit	Currency Translation Adjustment	Pensions, Net of Tax	Loss on Derivatives, Net of Tax	Noncontrolling Interest
Beginning balance at Mar. 31, 2014	$ 247,125	$ 465,682	$ (183,526)	$ (1,640)	$ (36,686)	$ 0	$ 3,295
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(28,034)		(27,862)				(172)
Acquisition of noncontrolling interest	151						151
Restricted stock surrendered	(146)	(146)
Stock-based compensation	3,028	3,028
Other comprehensive income (loss), net of tax	(28,060)			(12,514)	(15,546)	0
Ending balance at Mar. 31, 2015	194,064	468,564	(211,388)	(14,154)	(52,232)	0	3,274
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	65,445		65,532				(87)
Acquisition of noncontrolling interest	352						352
Restricted stock surrendered	(157)	(157)
Stock-based compensation	2,423	2,423
Other comprehensive income (loss), net of tax	12,545			108	12,430	0	7
Ending balance at Mar. 31, 2016	274,672	470,830	(145,856)	(14,046)	(39,802)	0	3,546
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(63,271)		(62,928)				(343)
Restricted stock surrendered	(32)	(32)
Stock-based compensation	1,551	1,551
Other comprehensive income (loss), net of tax	(6,210)			(8,247)	3,148	(1,100)	(11)
Ending balance at Mar. 31, 2017	$ 206,710	$ 472,349	$ (208,784)	$ (22,293)	$ (36,654)	$ (1,100)	$ 3,192

STATEMENTS OF CONSOLIDATED CASH

STATEMENTS OF CONSOLIDATED CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Operating activities
Net income (loss)	$ (63,271)	$ 65,445	$ (28,034)
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:
Depreciation and amortization	34,476	28,361	29,623
Debt amortization/interest	13,122	11,333	8,816
Debt retirement	(300)	0	(771)
Restructuring and asset impairment charges	1,375	5,888	9,118
(Gain) loss on foreign currency transactions	(11,816)	6,498	8,274
Gain on sale of property, plant and equipment	(658)	(597)	(1,751)
Reconsolidation of subsidiary	0	(106,203)	0
Bad debt expense (recovery)	(5,545)	(169)	12,368
Equity in net (income) loss of unconsolidated affiliates, net of dividends	4,348	(4,105)	(2,823)
Stock-based compensation	1,712	2,874	3,194
Changes in operating assets and liabilities, net:
Trade and other receivables	146,109	(149,825)	(50,358)
Inventories and advances to tobacco suppliers	92,586	(13,747)	(3,992)
Deferred items	611	(2,439)	(18,025)
Recoverable income taxes	15,410	(8,563)	(1,372)
Payables and accrued expenses	13,192	46,767	(23,408)
Advances from customers	21,096	(19,224)	(3,638)
Current derivative asset	(2,044)	1,373	(1,373)
Prepaids	(10,413)	6,218	1,743
Income taxes	(6,331)	2,943	5,511
Other operating assets and liabilities	5,376	(8,382)	1,452
Other, net	(1,806)	227	223
Net cash provided (used) by operating activities	247,229	(135,327)	(55,223)
Investing activities
Purchases of property, plant and equipment	(13,683)	(17,194)	(25,273)
Intangibles, including internally developed software costs	(79)	0	(781)
Proceeds from sale of property, plant and equipment	1,890	2,270	16,840
Payments to acquire equity method investments	0	0	(1,655)
Change in restricted cash	389	(276)	(1,678)
Surrender of life insurance policies	91	1,675	1,194
Other, net	(89)	0	(309)
Net cash used by investing activities	(11,481)	(13,525)	(11,662)
Financing activities
Net proceeds of short-term borrowings	10,544	21,360	145,988
Proceeds from long-term borrowings	472,484	210,000	300,000
Repayment of long-term borrowings	(425,426)	(32,867)	(463,341)
Debt issuance cost	(19,305)	(5,325)	(6,538)
Other, net	(95)	455	455
Net cash provided (used) by financing activities	38,202	193,623	(23,436)
Effect of exchange rate changes on cash	(560)	823	(608)
Increase (decrease) in cash and cash equivalents	273,390	45,594	(90,929)
Cash and cash equivalents at beginning of year	199,720	143,849	234,778
Cash assumed in reconsolidation of subsidiary	0	10,277	0
Cash and cash equivalents at end of year	473,110	199,720	143,849
Other information:
Cash paid for income taxes	18,088	20,369	16,192
Cash paid for interest	107,116	104,882	98,957
Cash received from interest	$ (8,140)	$ (7,291)	$ (6,529)

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies Description of Business The Company is principally engaged in purchasing, processing, storing, and selling leaf tobacco. The Company purchases tobacco primarily in the United States, Africa, Europe, South America and Asia for sale to customers primarily in the United States, Europe and Asia. Basis of Presentation The accounts of the Company and its consolidated subsidiaries are included in the consolidated financial statements after elimination of intercompany accounts and transactions. The Company uses the cost or equity method of accounting for its investments in affiliates that are owned 50% or less and are not variable interest entities where the Company is the primary beneficiary. In fiscal 2006, the Company deconsolidated its Zimbabwe subsidiary, Mashonaland Tobacco Company LTD ("MTC") in accordance with accounting requirements that apply to foreign subsidiaries that are subject to foreign exchange controls and other government restrictions that casted significant doubt on the parent's ability to control the subsidiary. As of March 31, 2016, the Company determined that significant doubt about its ability to control MTC were eliminated due to changes in the political landscape and the recent issuance of clarifications to the indigenization laws within Zimbabwe. The recent issuance of clarifications to the indigenization law within Zimbabwe resulted in the Company's development and filing with the Zimbabwean government of a plan of compliance with the indigenization law on March 31, 2016, the date of reconsolidation of MTC. The reconsolidation was treated as a purchase business combination for accounting purposes, with the Company designated as the acquirer. As such, the Consolidated Balance Sheet includes 100% of the fair value of the assets and liabilities of MTC as of March 31, 2016. See Note 21 “Reconsolidation of MTC” to the “Notes to Consolidated Financial Statements” for further information. Beginning April 1, 2016, the financial results of MTC are included in the Statements of Consolidated Operations, Consolidated Balance Sheets and Statements of Consolidated Cash Flows. Prior to March 31, 2016, the Company accounted for its investment in MTC on the cost method and had been reporting it in Investments in Unconsolidated Affiliates in the Consolidated Balance Sheets since March 31, 2006 and had written its investment in MTC down to zero in fiscal 2007. Investments in Unconsolidated Affiliates The Company’s equity method investments and its cost method investments are non-marketable securities. The Company reviews such investments for impairment whenever events or changes in circumstances indicate that the carrying amount of an investment may not be recovered. For example, the Company would test such an investment for impairment if the investee were to lose a significant customer, suffer a large reduction in sales margins, experience a major change in its business environment, or undergo any other significant change in its normal business. In assessing the recoverability of equity or cost method investments, the Company uses discounted cash flow models. If the fair value of an equity investee is determined to be lower than its carrying value, an impairment loss is recognized. The preparation of discounted future cash flow analysis requires significant management judgment with respect to future operating earnings growth rates and the selection of an appropriate discount rate. The use of different assumptions could increase or decrease estimated future operating cash flows, and the discounted value of those cash flows, and therefore could increase or decrease any impairment charge. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities. They also affect the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates, and changes in these estimates are recorded when known. Estimates are used in accounting for, among other things, pension and postretirement health care benefits, inventory market values, allowances for doubtful accounts and advances, bank loan guarantees to suppliers and unconsolidated subsidiaries, useful lives for depreciation and amortization, future cash flows associated with impairment testing for long-lived assets, deferred tax assets and uncertain income tax positions, intrastate tax credits in Brazil and fair value determinations of financial assets and liabilities including derivatives, securitized beneficial interests and counterparty risk. Changes in market and economic conditions, local tax laws, and other related factors are considered each reporting period, and adjustments to the accounts are made based on the Company’s best judgment. ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (continued) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) Alliance One International, Inc. and Subsidiaries (in thousands) Note 1 - Significant Accounting Policies (continued) Revenue Recognition The Company recognizes revenue from the sale of tobacco when persuasive evidence of an arrangement exists, the price to the customer is fixed or determinable, collectibility is reasonably assured and title and risk of ownership is passed to the customer, which is upon shipment or delivery. The Company requires that all customer-specific acceptance provisions be met at the time title and risk of ownership passes to the customer. Furthermore, the Company’s sales history indicates customer returns and rejections are not significant. The Company also processes tobacco owned by its customers and revenue is recognized based on contractual terms as the service is provided. The revenue and cost associated with processing is recorded gross in the Statements of Consolidated Operations. The Company’s history indicates customer requirements for processed tobacco are met upon completion of processing. In addition, advances from customers are deferred and recognized as revenue upon shipment or delivery. Taxes Collected from Customers Certain subsidiaries are subject to value added taxes on local sales. These amounts have been included in sales and cost of goods and services sold and were $25,631 , $23,451 and $25,282 for the years ended March 31, 2017 , 2016 and 2015 , respectively. Shipping and Handling Shipping and handling costs are included in cost of goods and services sold in the statement of operations. Other Income (Expense) At March 31, 2016 , the Company reconsolidated MTC. As a result, the Company recorded a gain of $106,203 to record the fair value of MTC of which $10,277 was cash and the remaining $95,926 was non-cash. Other Income (Expense) also includes gains on sales of property, plant and equipment and assets held for sale. This caption also includes expenses related to the Company's sale of receivables and Brazilian intrastate trade tax credits. See Note 16 "Contingencies and other Information" and Note 17 "Sale of Receivables" to the "Notes to Consolidated Financial Statement" for further information. The following table summarizes the significant components of Other Income (Expense). Years Ending March 31, 2017 2016 2015 Gain on reconsolidation of subsidiary $ — $ 106,203 $ — Other sales of assets and expenses 1,994 595 5,286 Sales of Brazilian intrastate trade tax credits 9,356 4,309 2,073 Losses on sale of receivables (6,454 ) (5,680 ) (7,425 ) $ 4,896 $ 105,427 $ (66 ) Cash and Cash Equivalents Cash equivalents are defined as temporary investments of cash with original maturities of less than 90 days. At March 31, 2017 and 2016 , respectively, customer funding that was restricted for social responsibility programs maintained by the Company of $153 and $188 and cash held on deposit as a compensating balance for short-term borrowings of $1,767 and $2,137 were included in Other Current Assets. Trade Receivables, Net Trade receivables are amounts owed to the Company from its customers. Trade receivables are recorded at invoiced amounts and primarily have net 30 -day terms. The Company extends credit to its customers based on an evaluation of a company’s financial condition and collateral is generally not required. The Company maintains an allowance for doubtful accounts for estimated uncollectible accounts receivable. The allowance is based on the Company’s assessment of known delinquent accounts, other currently available evidence of collectability and the aging of accounts receivable. The Company’s allowance for doubtful accounts was $6,990 and $12,984 at March 31, 2017 and 2016 respectively. The provision for doubtful accounts was $(5,545) , $(169) and $12,446 for the years ending March 31, 2017 , 2016 and 2015, respectively and is reported in Selling, General and Administrative Expenses in the Statements of Consolidated Operations. ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (continued) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ( continued) Alliance One International, Inc. and Subsidiaries (in thousands) Note 1 - Significant Accounting Policies (continued) Other Receivables Other receivables consist primarily of receivables related to participation in a subsidiary funding arrangement of $84,258 at March 31, 2016 (the subsidiary funding arrangement no longer remained at March 31, 2017); and value added tax receivables of $12,449 and $9,377 at March 31, 2017 and 2016 , respectively. Other Deferred Charges Other deferred charges are primarily deferred financing costs that are amortized over the life of long-term debt. Sale of Accounts Receivable The Company is currently engaged in two revolving trade accounts receivable securitization arrangements to sell receivables. The Company records the transaction as a sale of receivables, removes such receivables from its financial statements and records a receivable for the beneficial interest in such receivables. The losses on the sale of receivables are recognized in Other Income (Expense). As of March 31, 2017 and 2016 , respectively, accounts receivable sold and outstanding were $200,084 and $188,764 . See Note 17 “Sale of Receivables” and Note 18 “Fair Value Measurements” to the “Notes to Consolidated Financial Statements” for further information. Inventories Costs in inventory include processed tobacco inventory, unprocessed tobacco inventory and other inventory. Costs of unprocessed tobacco inventories are determined by the average cost method, which include the cost of green tobacco. Costs of processed tobacco inventories are determined by the average cost method, which include both the cost of unprocessed tobacco, as well as direct and indirect costs that are related to the processing of the product. Costs of other non-tobacco inventory are determined by the first-in, first-out method, which include costs of packing materials, non-tobacco agricultural products and agricultural supplies including seed, fertilizer, herbicides and pesticides. Inventories are carried at the lower of cost or market (“LCM”). The Company evaluates its inventories for LCM adjustments by country and type of inventory. Therefore, processed tobacco and unprocessed tobacco are evaluated separately for LCM purposes. The Company compares the cost of its processed tobacco to market values based on recent sales of similar grades when evaluating those balances for LCM adjustments. The Company also considers whether its processed tobacco is committed to a customer, whereby the expected sales price would be utilized in determining the market value for committed tobacco. The Company also reviews data on market conditions in performing its LCM evaluation for unprocessed tobacco. See Note 2 “Inventories” to the “Notes to Consolidated Financial Statements” for further information. Advances to Tobacco Suppliers The Company purchases seeds, fertilizer, pesticides and other products related to growing tobacco and advances them to suppliers, which represents prepaid inventory and is recorded as advances to tobacco suppliers. The advances of current crop inputs generally include the original cost of the inputs plus a mark-up and interest as it is earned. Where contractually permitted, the Company charges interest to the suppliers during the period the current crop advance is outstanding. The Company generally advances the inputs at a price that is greater than its cost, which results in a mark-up on the inputs. The suppliers then utilize these inputs to grow tobacco, which the Company is contractually obligated to purchase. Upon delivery of tobacco, part of the purchase price to the supplier is paid in cash and part through a reduction of the advance balance. The advances applied to the delivery are reclassified out of advances and into unprocessed inventory. Advances to tobacco suppliers are accounted for utilizing a cost accumulation methodology. The Company has current and noncurrent advances to tobacco suppliers. The current advances represent the cost of the seeds, fertilizer and other materials that are advanced for the current crop of inventory. The noncurrent advances generally represent the cost of advances to suppliers for infrastructure, such as curing barns, which is also recovered through the delivery of tobacco to the Company by the suppliers. As a result of various factors in a given crop year (weather, etc.) not all suppliers are able to settle the entire amount of advances that are due that year. In these situations, the Company may allow the suppliers to deliver tobacco over future crop years to recover its advances. The advance balances that are deferred over future crop years are also classified as noncurrent. Advances to tobacco suppliers are carried at cost and evaluated for recoverability. The realizability evaluation process is similar to that of the LCM evaluation process for inventories. The Company evaluates its advances for recoverability by crop and country. The Company reclasses the advance to inventory at the time suppliers deliver tobacco. The purchase price for the tobacco delivered by the suppliers is based on market prices. Two primary factors determine the market value of the tobacco suppliers ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (continued) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ( continued) Alliance One International, Inc. and Subsidiaries (in thousands) Note 1 - Significant Accounting Policies (continued) Advances to Tobacco Suppliers (continued) deliver: the quantity of tobacco delivered and the quality of the tobacco delivered. Therefore, the Company ensures its advances are appropriately stated at the lower of cost or estimated recoverable amounts. Upon delivery of tobacco, part of the purchase price to the supplier is paid in cash and part through a reduction of the advance balance. If a sufficient value of tobacco is not delivered to allow the reduction of the entire advance balance, then the Company first determines how much of the deficiency for the current crop is recoverable through future crops. This determination is made by analyzing the suppliers’ ability-to-deliver a sufficient supply of tobacco. This analysis includes historical quantity and quality of production with monitoring of crop information provided by field service technicians related to flood, drought and disease. The remaining recoverable advance balance would then be classified as noncurrent. Any increase in the estimate of unrecoverable advances associated with the noncurrent portion is charged to cost of goods and services sold in the income statement when determined. Amounts not expected to be recovered through current or future crops are then evaluated to determine whether the yield is considered to be normal or abnormal. If the yield adjustment is normal, then the Company capitalizes the applicable variance in the current crop of inventory. If the yield adjustment is considered abnormal, then the Company immediately charges the applicable variance to cost of goods and services sold in the income statement. A normal yield adjustment is based on the range of unrecoverability for the previous three years by country. The Company accounts for its advances to tobacco suppliers using a cost accumulation model, which results in the reporting of its advances at the lower of cost or recoverable amounts exclusive of the mark-up and interest. The mark-up and interest on its advances are recognized upon delivery of tobacco as a decrease in the cost of the current crop. The mark-up and interest capitalized or to be capitalized into inventory for the current crop was $16,919 and $14,208 as of March 31, 2017 and 2016 , respectively. Unrecoverable advances and other costs capitalized or to be capitalized into the current crop was $9,125 and $8,535 at March 31, 2017 and 2016 , respectively. The following table reflects the classification of advances to tobacco suppliers: March 31, 2017 March 31, 2016 Current $ 54,713 $ 41,837 Noncurrent 5,855 2,612 $ 60,568 $ 44,449 Noncurrent advances to tobacco suppliers are recorded in Other Noncurrent Assets in the Consolidated Balance Sheets. Unrecovered amounts expensed directly to cost of goods and services sold in the income statement for abnormal yield adjustments or unrecovered amounts from prior crops were $1,085 for the year ended March 31, 2015 . There were no such abnormal yield adjustments or unrecovered amounts for the years ended March 31, 2017 and 2016 . Normal yield adjustments are capitalized into the cost of the current crop and are expensed as cost of goods and services sold as that crop is sold. Guarantees The Company and certain of its foreign subsidiaries guarantee bank loans to suppliers to finance their crops. Under longer-term arrangements, the Company may also guarantee financing on suppliers’ construction of curing barns or other tobacco production assets. Guaranteed loans are generally repaid concurrent with the delivery of tobacco to the Company. The Company is obligated to repay any guaranteed loan should the supplier default. If default occurs, the Company has recourse against the supplier. The Company also guarantees bank loans of certain unconsolidated subsidiaries in Asia and Brazil. The following table summarizes amounts guaranteed and the fair value of those guarantees: March 31, 2017 March 31, 2016 Amounts guaranteed (not to exceed) $ 194,656 $ 210,703 Amounts outstanding under guarantees 106,465 107,615 Fair value of guarantees 7,126 7,350 Of the guarantees outstanding at March 31, 2017 , all expire within one year. The fair value of guarantees is recorded in Accrued Expenses and Other Current Liabilities in the Consolidated Balance Sheets and included in crop costs except for the joint venture in Brazil which are included in Accounts Receivable, Related Parties. See Note 18 "Fair Value Measurements" to the "Notes to Consolidated Financial Statements" for further information. ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (continued) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ( continued) Alliance One International, Inc. and Subsidiaries (in thousands) Note 1 - Significant Accounting Policies (continued) Guarantees (continued) In Brazil, some suppliers obtain government subsidized rural credit financing from local banks that is guaranteed by the Company. The Company withholds amounts owed to suppliers related to the rural credit financing of the supplier upon delivery of tobacco to the Company. The Company remits payments to the local banks on behalf of the guaranteed suppliers. Terms of rural credit financing are such that repayment is due to local banks based on contractual due dates. As of March 31, 2017 and 2016 , respectively, the Company had balances of $20,860 and $16,699 that were due to local banks on behalf of suppliers. These amounts are included in Accounts Payable in the Consolidated Balance Sheets. Goodwill and Other Intangibles Goodwill represents the excess of purchase price over fair value of net assets acquired, and is allocated to the appropriate reporting unit when acquired. Reporting units may be operating segments as a whole or an operation one level below an operating segment, referred to as a component. The components within the Company’s operating segments were aggregated into three reporting units (North America, Africa and Other Regions) due to their similar economic characteristics. Goodwill is not amortized; rather it is evaluated for impairment annually or whenever events or changes in circumstances indicate that the value of the asset may be impaired. Goodwill is evaluated for impairment by determining the fair value of the related reporting unit. Fair value is measured based on a discounted cash flow method or relative market-based approach. If the carrying amount of goodwill exceeds its fair value, an impairment charge is recorded. The Company has no intangible assets with indefinite useful lives. It does have other intangible assets, production and supply contracts and a customer relationship intangible asset as well as internally developed software that is capitalized into intangibles. These intangible assets are stated at amortized cost and tested for impairment whenever factors indicate the carrying amount may not be recoverable. Supply contracts are amortized based on the expected realization of the benefit over the term of the contracts ranging from 3 to 5 years. Production contracts and the customer relationship intangible are both amortized on a straight-line basis ranging from five to ten years and twenty years, respectively. The amortization period is the term of the contract or, if no term is specified in the contract, management’s best estimate of the useful life based on past experience. Internally developed software is amortized on a straight-line basis over five years once the software testing is complete. Events and changes in circumstance may either result in a revision in the estimated useful life or impairment of an intangible. See Note 5 “Goodwill and Other Intangibles” to the “Notes to Consolidated Financial Statements” for further information. Other Noncurrent Assets For the year ended March 31, 2017 , other noncurrent assets consist primarily of long-term VAT and intrastate tax receivables of $4,170 , long-term advances to suppliers of $5,855 , long-term escrow deposits of $12,745 , long-term retirement benefit assets of $7,555 and cash surrender value of life insurance of $5,502 . For the year ended March 31, 2016 , other noncurrent assets consist primarily of long-term VAT and intrastate tax receivables of $ 4,816 , long-term advances to suppliers of $ 2,612 , long-term retirement benefit assets of $2,450 and cash surrender value of life insurance of $ 5,575 . Property, Plant and Equipment Property, plant and equipment at March 31, 2017 and 2016 , are summarized as follows: 2017 2016 Land $ 27,705 $ 26,995 Buildings 207,833 211,540 Machinery and equipment 178,182 183,000 Total 413,720 421,535 Less accumulated depreciation (157,209 ) (144,010 ) Total property, plant and equipment, net $ 256,511 $ 277,525 Property, plant and equipment is stated at cost less accumulated depreciation. Provisions for depreciation are computed on a straight-line basis at annual rates calculated to amortize the cost of depreciable properties over their estimated useful lives. Buildings and machinery and equipment are depreciated over ranges of 20 to 30 years and 3 to 10 years, respectively. The consolidated financial statements do not include fully depreciated assets. Depreciation expense recorded in Cost of Goods and Services Sold for the years ended March 31, 2017 , 2016 and 2015 was $27,730 , $23,132 and $24,179 , respectively. Depreciation expense recorded in Selling, General and Administrative Expense for the years ended March 31, 2017 , 2016 and 2015 was $2,662 , $2,699 and $2,998 , respectively. Total property and equipment purchases, including internally developed software intangibles, were $12,737 for the ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (continued) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) Alliance One International, Inc. and Subsidiaries (in thousands) Note 1 - Significant Accounting Policies (continued) Property, Plant and Equipment (continued) year ended March 31, 2017 of which $413 was unpaid at March 31, 2017 and included in Accounts Payable; $17,786 for the year ended March 31, 2016 of which $1,359 was unpaid at March 31, 2016 and included in Accounts Payable; and $22,673 for the year ended March 31, 2015 of which $1,024 was unpaid at March 31, 2015 and included in Accounts Payable. Estimated useful lives are periodically reviewed and changes are made to the estimated useful lives when necessary. Long-lived assets are reviewed for indicators of impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. The evaluation is performed at the lowest level of identifiable cash flows. An impairment loss would be recognized when estimated undiscounted future cash flows from the use of the asset and its eventual disposition are less than its carrying amount. Measurement of an impairment loss would be based on the excess of the carrying amount of the asset over its fair value. Fair value is the amount at which the asset could be bought or sold in a current transaction between willing parties and may be estimated using a number of techniques, including quoted market prices or valuations, present value techniques based on estimates of cash flows, or multiples of earnings or revenue performance measures. Derivative Financial Instruments The Company uses forward or option currency contracts to protect against volatility associated with certain non-U.S. dollar denominated forecasted transactions. These contracts are for green tobacco purchases, processing costs, and selling, general and administrative costs. Derivative financial instruments are recognized on the balance sheet as assets and liabilities and are measured at fair value. Changes in the fair value of derivative instruments designated as hedging instruments are recorded each period according to the determination of the derivative's effectiveness. The effective portion of changes in the fair value of derivatives designated as cash flow hedges is recorded in Accumulated Other Comprehensive Loss and subsequently reclassified into earnings in the period during which the hedged transaction is recognized in earnings. The ineffective portion of the change in fair value of the derivatives is recognized in Cost of Goods and Services Sold immediately as incurred. As of March 31, 2017 , Other Comprehensive Loss includes $1,100 , net of tax, of unrealized (gains)/losses related to designated cash flow hedges. These contracts did not qualify for hedge accounting as defined by generally accepted accounting principles in the previous years. The Company recorded losses of $1,161 , $2,001 and $3,123 in its Cost of Goods and Services Sold for the years ended March 31, 2017 , 2016 , and 2015 , respectively. The Company recorded a current derivative asset of $943 as of March 31, 2017 . There was no current derivative asset as of March 31, 2016 . The Company has elected not to offset fair value amounts recognized for derivative instruments with the same counterparty under a master netting agreement. See Note 18 “Fair Value Measurements” to the “Notes to Consolidated Financial Statements” for further information of fair value methodology. Income Taxes The Company uses the asset and liability method to account for income taxes. The objective of the asset and liability method is to establish deferred tax assets and liabilities for the temporary differences between the financial reporting basis and the income tax basis of the Company’s assets and liabilities at enacted tax rates expected to be in effect when such amounts are realized or settled. The Company’s annual tax rate is based on its income, statutory tax rates and tax planning opportunities available to it in the various jurisdictions in which it operates. Tax laws are complex and subject to different interpretations by the taxpayer and respective governmental taxing authorities. Significant judgment is required in determining tax expense and in evaluating tax positions, including evaluating uncertainties. The Company reviews its tax positions quarterly and adjusts the balances as new information becomes available. Deferred income tax assets represent amounts available to reduce income taxes payable on taxable income in future years. Such assets arise because of temporary differences between the financial reporting and tax bases of assets and liabilities, as well as from net operating loss and tax credit carryforwards. The Company evaluates the recoverability of these future tax deductions by assessing the adequacy of future expected taxable income from all sources, including reversal of taxable temporary differences, forecasted operating earnings and available tax planning strategies. These sources of income inherently rely on estimates. The Company uses historical experience and short and long-range business forecasts to provide insight. The Company believes it is more likely than not that a portion of the deferred income tax assets may expire unused and has established a valuation allowance against them. Although realization is not assured for the remaining deferred income tax assets, the Company believes it is more likely than not the deferred tax assets will be fully recoverable within the applicable statutory expiration periods. However, deferred tax assets could be reduced in the near term if estimates of taxable income are significantly reduced or available tax planning strategies are no longer viable. See Note 12 “Income Taxes” to the “Notes to Consolidated Financial Statements” for further information. ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (continued) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) Alliance One International, Inc. and Subsidiaries (in thousands) Note 1 - Significant Accounting Policies (continued) Stock-Based Compensation The Company expenses the fair value of grants of various stock-based compensation programs at fair value over the vesting period of the awards. The fair value of stock options is estimated at the date of grant using the Black-Scholes-Merton option valuation model which was developed for use in estimating the fair value of exchange traded options that have no vesting restrictions and are fully transferable. Option valuation methods require the input of highly subjective assumptions, including the expected stock price volatility. See Note 11 “Stock-Based Compensation” to the “Notes to Consolidated Financial Statements” for further information. New Accounting Standards Recent Adopted Accounting Pronouncements In August 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2014-15 “Presentation of Financial Statement-Going Concern (Subtopic 205-40): Disclosure of uncertainties about and Entity’s ability to Continue as a Going Concern,” which requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern within one year of the date of the financial statements are issued and provide certain disclosures if conditions or events raise substantial doubt about the entity’s ability to continue as a going concern. This guidance is effective for the Company as of March 31, 2017 . Additional disclosures were added in Note 8 “Long-Term Debt” to the "Notes to Consolidated Financial Statements" as a result of the adoption of this guidance. In April 2015, the FASB issued ASU 2015-03 “Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs,” which changed the presentation of debt issuance costs in financial statements from an asset on the balance sheet to a direct deduction of the related debt liability. Amortization of debt issuance costs are reported as interest expense. The Company adopted this guidance as of April 1, 2016, on a retrospective basis. As a result of the adoption of this guidance, $9,875 was reclassified from Other Deferred Charges to Long-Term Debt on the consolidated balance sheets at March 31, 2016. In May 2015, the FASB issued ASU 2015-07 "Fair Value Measurement, Disclosures for Investments in Certain Entities that Calculate Net Asset Value per Share or its Equivalent,” wh

Inventories

Inventories	12 Months Ended
	Mar. 31, 2017
Inventory Disclosure [Abstract]
Inventories	Inventories March 31, 2017 March 31, 2016 Processed tobacco $ 424,984 $ 584,158 Unprocessed tobacco 220,625 175,933 Other 32,716 31,249 $ 678,325 $ 791,340 See Note 1 “Significant Accounting Policies - Inventories” to the “Notes to Consolidated Financial Statements” for further information on the costs that comprise the inventory balances and the LCM testing methodologies. The Company recorded LCM adjustments of $4,833 , $5,996 and $7,533 for the years ended March 31, 2017 , 2016 and 2015 , respectively.

Variable Interest Entities

Variable Interest Entities	12 Months Ended
	Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entities	Variable Interest Entities The Company holds variable interests in seven joint ventures that are accounted for under the equity method of accounting. These joint ventures procure inventory on behalf of the Company and the other joint venture partners. The variable interests relate to equity investments and advances made by the Company to the joint ventures. In addition, the Company also guarantees two of its joint ventures' borrowings which also represent a variable interest in those joint ventures. The Company is not the primary beneficiary, as it does not have the power to direct the activities that most significantly impact the economic performance of the entities as a result of the entities’ management and board of directors structure. Therefore, these entities are not consolidated. At March 31, 2017 and 2016, the Company’s investment in these joint ventures was $51,443 and $57,243 , respectively and is classified as Investments in Unconsolidated Affiliates in the Consolidated Balance Sheets. The Company’s advances to these joint ventures were $8,133 and $1,920 at March 31, 2017 and 2016, respectively, and are classified as Accounts Receivable, Related Parties in the Consolidated Balance Sheets. The Company guaranteed an amount to two joint ventures not to exceed $96,378 and $100,238 at March 31, 2017 and 2016, respectively. The investments, advances and guarantees in these joint ventures represent the Company’s maximum exposure to loss.

Restructuring and Asset Impairm

Restructuring and Asset Impairment Charges	12 Months Ended
	Mar. 31, 2017
Restructuring and Related Activities [Abstract]
Restructuring and Asset Impairment Charges	Restructuring and Asset Impairment Charges During the quarter ended March 31, 2015, the Company announced a global restructuring plan focusing on efficiency and cost improvements. The Company reviewed origin and corporate operations and initiatives were implemented to increase operational efficiency and effectiveness. These initiatives continue to occur as the Company restructures certain operations not meeting strategic business objectives and performance metrics in future periods. At March 31, 2017 , the costs of any future initiatives is not estimable. During the fiscal year ended March 31, 2017 , the Company recorded $517 for employee severance charges, primarily related to certain operations in Africa, $120 for other cash charges and $738 for asset impairment charges primarily related to the Company's former U.S. cut rag facility. During the fiscal year ended March 31, 2016, the Company recorded $(498) of employee severance charges and $5,723 of asset impairment charges. The asset impairment charges were incurred due to restructuring of certain operations in Africa, Bulgaria and Brazil as well as the curtailment of certain U.S. pension plans. During the fiscal year ended March 31, 2015, charges of $8,612 were incurred in connection with the reduction in the global workforce. Also during the fiscal year ended March 31, 2015, the Company recorded a $500 asset impairment charge resulting from certain machinery in a former U.S. cut rag facility as operations moved to a new facility. ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (continued) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) Alliance One International, Inc. and Subsidiaries (in thousands) Note 4 – Restructuring and Asset Impairment Charges (continued) The following table summarizes the restructuring actions as of March 31, 2017 , 2016 and 2015: Years Ended March 31, Restructuring and Asset Impairment Charges 2017 2016 2015 Employee separation and other cash charges: Beginning balance $ 398 $ 8,087 $ 397 Period Charges: Employee separation charges (recoveries) 517 (498 ) 8,612 Other cash charges 120 662 6 Total employee separation and other cash charges 637 164 8,618 Payments (846 ) (7,853 ) (928 ) Ending balance March 31 $ 189 $ 398 $ 8,087 Asset impairment and other non-cash charges 738 5,724 500 Total restructuring and asset impairment charges $ 1,375 $ 5,888 $ 9,118 The following table summarizes the employee separation and other cash charges recorded in the Company’s North America and Other Regions segments as of March 31, 2017 , 2016 and 2015: Years Ended March 31, Employee Separation and Other Cash Charges 2017 2016 2015 Beginning balance: $ 398 $ 8,087 $ 397 North America — — — Other regions 398 8,087 397 Period charges: $ 637 $ 164 $ 8,618 North America 180 — — Other regions 457 164 8,618 Payments: $ (846 ) $ (7,853 ) $ (928 ) North America (120 ) — — Other regions (726 ) (7,853 ) (928 ) Ending balance March 31: $ 189 $ 398 $ 8,087 North America 60 — — Other regions 129 398 8,087 The following table summarizes non-cash charges for the Company's North America and Other Regions segments for fiscal years ended March 31, 2017 , 2016 and 2015: North America Other Regions Years ended March 31, 2017 495 243 2016 712 5,012 2015 500 —

Goodwill and Other Intangibles

Goodwill and Other Intangibles	12 Months Ended
	Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangibles	Goodwill and Other Intangibles The Company tests the carrying amount of goodwill annually as of the first day of the last quarter of the fiscal year and whenever events or circumstances indicate that impairment may have occurred. The Company evaluated its goodwill for impairment during fiscal 2017, 2016 and 2015 and determined that the fair value of each reporting unit is substantially in excess of its carrying value including goodwill. The carrying value of other intangible assets as of March 31, 2017 represents customer relationship, production and supply contracts and internally developed software. These intangible assets were determined by management to meet the criterion for recognition apart from goodwill and have finite lives. The Company uses judgment in assessing whether the carrying amount of its intangible assets is not expected to be recoverable over their estimated remaining useful lives. Amortization expense associated with these intangible assets was $4,514 , $3,356 and $3,532 for the years ended March 31, 2017 , 2016 and 2015 , respectively and is recorded in Selling, General and Administrative Expenses except for production and supply contracts which is recorded against the associated revenues. The Company has no intangible assets with indefinite useful lives. It does have intangible assets which are amortized. The following table summarizes the changes in the Company's goodwill and other intangibles for the years ended March 31, 2017 , 2016 and 2015 . Goodwill and Intangible Asset Rollforward: Amortizable Intangibles Goodwill (1) Customer Production Internally Total Weighted average remaining useful life in years as of March 31, 2017 12 4.25 3 March 31, 2015 balance: Gross carrying amount $ 2,794 $ 33,700 $ 14,893 $ 18,502 $ 69,889 Accumulated amortization — (16,639 ) (5,786 ) (15,573 ) (37,998 ) Net March 31, 2015 balance 2,794 17,061 9,107 2,929 31,891 Additions (2) 13,669 24,830 — — 38,499 Amortization expense — (1,685 ) (825 ) (846 ) (3,356 ) Net March 31, 2016 balance 16,463 40,206 8,282 2,083 67,034 Additions — — — 79 79 Amortization expense — (3,340 ) (432 ) (742 ) (4,514 ) Net March 31, 2017 balance $ 16,463 $ 36,866 $ 7,850 $ 1,420 $ 62,599 (1) Goodwill of $2,794 relates to the North America segment and $13,669 relates to the Other Regions segment. (2) Additions relate to the reconsolidation of MTC. See Note 21 "Reconsolidation of MTC" to the "Notes to Consolidated Financial Statements" for further information. The following table summarizes the estimated intangible asset amortization expense for the next five years and beyond: For Fiscal Customer Production Internally Total 2018 $ 3,340 $ 1,492 $ 646 $ 5,478 2019 3,340 1,405 427 5,172 2020 3,340 1,397 247 4,984 2021 3,340 1,397 86 4,823 2022 3,340 1,397 14 4,751 Later 20,166 762 — 20,928 $ 36,866 $ 7,850 $ 1,420 $ 46,136 * Estimated amortization expense for the internally developed software is based on costs accumulated as of March 31, 2017 .

Related Party Transactions

Related Party Transactions	12 Months Ended
	Mar. 31, 2017
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The Company’s operating subsidiaries engage in transactions with related parties in the normal course of business. The following is a summary of balances and transactions with related parties of the Company: March 31, 2017 March 31, 2016 Balances: Accounts receivable $ 8,133 $ 1,920 Accounts payable $ 9,773 $ 20,490 Year Ended March 31, 2017 2016 2015 Transactions: Sales $ 47,726 $ 18,827 $ 20,692 Purchases $ 62,350 $ 264,707 $ 271,466 The Company’s operating subsidiaries have entered into transactions with affiliates of the Company for the purpose of procuring inventory. The Company’s balances due to and from related parties and transactions relate to the Company’s equity basis investments in companies located in Asia, South America, North America and Europe which grow, purchase, process and sell tobacco or produce consumable e-liquids.

Short-Term Borrowing Arrangemen

Short-Term Borrowing Arrangements	12 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Short-Term Borrowing Arrangements	Short-Term Borrowing Arrangements Excluding all long-term credit agreements, the Company has lines of credit arrangements with a number of banks under which the Company may borrow up to a total of $808,695 and $910,131 at March 31, 2017 and 2016 , respectively. The weighted average variable interest rate for the years ending March 31, 2017 and 2016 was 5.9% and 5.2% , respectively. At March 31, 2017 and 2016 , amounts outstanding under the lines were $475,863 and $475,989 , respectively. Unused lines of credit at March 31, 2017 amounted to $319,844 , net of $12,989 of letters of credit and $416,352 at March 31, 2016 , net of $17,790 of letters of credit. Certain non-U.S. borrowings of approximately $144,881 and $103,366 have inventories of $56,040 and $99,442 as collateral at March 31, 2017 and 2016 , respectively. At March 31, 2017 and 2016 , respectively, $1,767 and $2,137 were held on deposit as a compensating balance. The foregoing amounts at March 31, 2016 reflected aggregate borrowing availability, outstanding borrowings and unused borrowing availability under a short-term credit facility extended to MTC in which one of the Company’s other subsidiaries had a participation interest in the lender’s rights and obligations under the facility. At March 31, 2016 , $100,000 of the aggregate borrowing availability was with respect to borrowing such other subsidiary would be required to fund under the terms of the participation interest. Aggregate outstanding borrowings attributed to outstanding borrowings by MTC funded under that facility by such other subsidiary pursuant to that participation interest are $84,258 and $15,742 of the unused borrowing availability was with respect to unused borrowing availability such other subsidiary would be required to fund under the terms of the participation interest. Because such other subsidiary’s funding was pursuant to a participation interest through a third-party lender and not a direct intercompany loan between such other subsidiary and MTC, the total amount of debt under the facility was required to be reflected as consolidated debt upon the reconsolidation of MTC. See Note 21 “Reconsolidation of MTC” to the “Notes to Consolidated Financial Statements” for further information. At March 31, 2017, the other subsidiary's participation interest no longer remained.

Long-Term Debt

Long-Term Debt	12 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt On October 14, 2016, the Company issued $275,000 in aggregate principal amount of 8.5% senior secured first lien notes due 2021 (the “First Lien Notes”), at an issue price of 99.085% of the face amount thereof, entered into an ABL credit agreement (the “ABL Credit Agreement”) with certain bank lenders establishing a senior secured revolving asset-based lending facility (the “ABL Facility”) of $60,000 subject to a borrowing base composed of its eligible accounts receivable and inventory, and used a portion of the net proceeds from the offering of the First Lien Notes to repay in full all outstanding indebtedness and accrued and unpaid interest owed under the Company’s then existing senior secured revolving credit facility. Upon such repayment, Alliance One terminated the senior secured revolving credit facility. ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (continued) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) Alliance One International, Inc. and Subsidiaries (in thousands) Note 8 – Long-Term Debt (continued) The ABL credit agreement restricts the Company from paying any dividends during the term of this facility subject to the satisfaction of specified financial ratios. In addition, the indentures governing the First Lien Notes and its outstanding senior secured second lien notes due 2021 contain similar restrictions and also prohibit the payment of dividends and other distributions if the Company fails to satisfy a ratio of consolidated EBITDA to fixed charges of at least 2.0 to 1.0. At March 31, 2017 , the Company did not satisfy this fixed charge coverage ratio. The Company may from time to time not satisfy this ratio and failure to meet this fixed charge coverage ratio does not constitute an event of default. The terms of the First Lien Notes and the ABL Facility, and certain effects of these refinancing transactions, are summarized below: First Lien Notes The First Lien Notes, which bear interest at a rate of 8.500% per year, are payable semi-annually in arrears in cash on April 15 and October 15 of each year, beginning April 15, 2017, to holders of record at the close of business on the preceding April 1 and October 1, respectively. The First Lien Notes mature on April 15, 2021. The First Lien Notes are initially guaranteed on a senior secured basis by Alliance One’s subsidiary, Alliance One Specialty Products, LLC (the “Initial Guarantor”), and each of its future material domestic subsidiaries are required to guarantee the First Lien Notes on a senior secured basis. The Initial Guarantor is not a material domestic subsidiary, and Alliance One currently has no material domestic subsidiaries. The Initial Guarantor and any future guarantors of the First Lien Notes are referred to as the “guarantors.” Alliance One’s and the guarantors’ obligations under the First Lien Notes and any guarantee of the First Lien Notes (and certain related obligations) and under the ABL Facility and any guarantee of the ABL Facility (and certain related obligations and obligations in respect of certain hedging arrangements) are secured by first-priority liens on substantially all of Alliance One’s and the guarantors’ tangible and intangible assets, subject to certain exceptions and permitted liens (the “Collateral”). Alliance One’s and the guarantors’ obligations under the First Lien Notes and any guarantee of the First Lien Notes (and certain related obligations) have first-priority in the waterfall set forth in a senior lien intercreditor agreement entered into in connection with the issuance of the First Lien Notes and the establishment of the ABL Facility (the “Senior Lien Intercreditor Agreement”) in respect of the liens on the Collateral that is not ABL Priority Collateral (as defined below), including owned material real property in the United States, capital stock of subsidiaries owned directly by Alliance One or a guarantor (except that, in the case of foreign subsidiaries, only capital stock of only direct foreign subsidiaries that are material are to be pledged and only 65% of the voting capital stock and 100% of the non-voting capital stock are to be pledged), existing and after acquired intellectual property rights, equipment, related general intangibles and instruments and certain other related assets of the foregoing and proceeds of the foregoing (collectively, the “Notes Priority Collateral”). Alliance One’s and the guarantors’ obligations under the ABL Facility and any guarantee of the ABL Facility (and certain related obligations and obligations in respect of certain hedging arrangements) have second-priority in the waterfall set forth in the Senior Lien Intercreditor Agreement in respect of the liens on the Notes Priority Collateral. Alliance One’s and the guarantors’ obligations under the First Lien Notes and any guarantee of the First Lien Notes (and certain related obligations) have second-priority in the waterfall set forth in the Senior Lien Intercreditor Agreement in respect of the liens on the Collateral consisting of accounts receivable, inventories, cash (other than identifiable cash proceeds of the Notes Priority Collateral), deposit accounts, related general intangibles and instruments, certain other related assets of the foregoing and proceeds of the foregoing (collectively, the “ABL Priority Collateral”). Alliance One’s and the guarantors’ obligations under the ABL Facility and any guarantee of the ABL Facility (and certain related obligations and obligations in respect of certain hedging arrangements) have first-priority in the waterfall set forth in the Senior Lien Intercreditor Agreement in respect of the liens on the ABL Priority Collateral. If a change of control (as defined in the indenture governing the First Lien Notes) occurs at any time, holders of the First Lien Notes will have the right, at their option, to require the Company to repurchase all or a portion of the First Lien Notes for cash at a price equal to 101% of the principal amount of First Lien Notes being repurchased, plus accrued and unpaid interest, to, but excluding, the date of repurchase. The indenture governing the First Lien Notes restricts (subject to exceptions and qualifications) the Company's ability and the ability of its restricted subsidiaries to, among other things, incur additional indebtedness or issue disqualified stock or preferred stock, pay dividends and make other restricted payments (including restricted investments), sell assets, create liens, consolidate, merge, sell or otherwise dispose of all or substantially all of its assets, enter into transactions with its affiliates, enter into certain sale and leaseback transactions, create certain dividend and payment restrictions on its restricted subsidiaries, and designate its subsidiaries as unrestricted subsidiaries. ABL Facility The ABL Facility may be used for revolving credit loans, swingline loans and letters of credit from time to time up to an initial maximum principal amount of $60,000 , subject to the limitations described below in this paragraph. Under certain conditions, Alliance One may solicit the ABL Facility lenders or other prospective lenders to provide additional revolving loan commitments ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (continued) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) Alliance One International, Inc. and Subsidiaries (in thousands) Note 8 – Long-Term Debt (continued) ABL Facility (continued) under the ABL Facility in an aggregate amount not to exceed $15,000 (less the aggregate principal amount of any notes exceeding $275,000 issued under the First Lien Notes Indenture). The maximum amount available under the revolving credit facility is limited by a borrowing base consisting of eligible accounts receivable and inventory as follows: • 85% of eligible accounts receivable, plus • the lesser of (i) 85% of the appraised net-orderly-liquidation value of eligible inventory or (ii) 65% of eligible inventory valued at the lower of cost (based on a first-in first-out basis) and market value thereof (net of intercompany profits). The borrowing base is subject to a $25,000 deduction and customary reserves, which are to be established by the agent for the ABL Facility lenders in its permitted discretion from time to time. At March 31, 2017 , no borrowings were outstanding under the ABL Facility and $60,000 was available for borrowing. Borrowing is permitted under the ABL Credit Facility only to the extent that, after consideration of the application of the proceeds of the borrowing, the Company’s unrestricted cash and cash equivalents would not exceed $180,000 . At March 31, 2017 , the Company’s unrestricted cash and cash equivalents significantly exceeded $180,000 . In addition, loans under the ABL Facility shall not be made if after incurrence of such loans there will be more than $180,000 of unrestricted cash and cash equivalents in the aggregate on the consolidated balance sheet of the Company and its subsidiaries. The ABL Facility permits both base rate borrowings and LIBOR borrowings. Borrowings under the ABL Facility bear interest at an annual rate equal to LIBOR plus 250 basis points or 150 basis points above base rate, as applicable, with a fee on unused borrowings initially at an annual rate of 50 basis points until March 31, 2017 and thereafter at annual rates of either 37.5 or 50 basis points based on average quarterly historical utilization under the ABL Facility. The ABL Facility matures on January 14, 2021. In addition, customary mandatory prepayments of the loans under the ABL Facility are required upon the occurrence of certain events including, without limitation, certain dispositions of assets outside of the ordinary course of business in respect of certain collateral securing the ABL Facility, unrestricted cash and cash equivalents on the Company’s consolidated balance sheet exceeding $180,000 for a period of seven consecutive business days, and certain casualty and condemnation events. The Company’s obligations under the ABL Facility (and certain related obligations and obligations in respect of certain hedging arrangements) are (a) guaranteed by the Initial Guarantor and are required to be guaranteed by each material domestic subsidiary of Alliance One (currently there are no material domestic subsidiaries of Alliance One) (collectively with the Company, the “Credit Parties”) and (b) secured by the Collateral. The liens and other security interests granted by the Credit Parties on the Collateral for the benefit of the ABL Lenders (and certain related secured parties) are, subject to certain permitted liens, secured by first-priority security interests on a pari passu basis with the security interests securing the First Lien Notes, with respective priorities in a waterfall with respect to portions of the Collateral as set forth in the Senior Lien Intercreditor Agreement described above. Under the terms of the ABL Facility, if (i) an event of default has occurred and is continuing or (ii) excess borrowing availability under the ABL Facility (based on the lesser of the commitments thereunder and the borrowing base) (the “Excess Availability”) falls below the greater of (x) $12,500 and (y) 25% of the lesser of (A) the commitments under the ABL Facility at such time and (B) the borrowing base at such time (such greater amount being the “Cash Dominion Threshold”) for more than three consecutive business days, the Credit Parties will become subject to cash dominion, which will require daily prepayment of loans under the ABL Facility with the cash deposited in certain deposit accounts of the Credit Parties, including concentration accounts, and will restrict the Credit Parties’ ability to transfer cash from their concentration accounts to their disbursement accounts. Such cash dominion period shall end when (i) if arising as a result of a continuing event of default, such event of default ceases to exist, or (ii) if arising as a result of non-compliance with the Excess Availability threshold, Excess Availability shall be equal to or greater than the Cash Dominion Threshold for a period of 30 consecutive days. The ABL Credit Agreement governing the ABL Facility contains a springing covenant requiring that the Company’s fixed charge coverage ratio be no less than 1.00 to 1.00 during any period commencing when our Excess Availability is less than the greater of (x) $10,000 and (y) 20% of the lesser of (A) the commitments under the ABL Facility at such time and (B) the borrowing base at such time (such greater amount being the “Financial Covenant Threshold”) until such time as our Excess Availability has been equal to or greater than the Financial Covenant Threshold for a period of 30 consecutive days. The ABL Credit Agreement governing the ABL Facility contains customary representations and warranties, affirmative and negative covenants (subject, in each case, to exceptions and qualifications) and events of defaults, including covenants that limit the Company’s ability to, among other things incur certain guarantees, merge, consolidate or dispose of substantially all of its assets, grant liens on assets, pay dividends, redeem stock or make other distributions or restricted payments, create certain dividend and payment restrictions on subsidiaries, repurchase or redeem capital stock or prepay subordinated or certain other material debt (including the First Lien Notes and the Company’s senior secured second lien notes due 2021), make certain investments, agree ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (continued) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) Alliance One International, Inc. and Subsidiaries (in thousands) Note 8 - Long-Term Debt (continued) ABL Facility (continued) to restrictions on the payment of dividends to Alliance One by its subsidiaries, sell or otherwise dispose of assets, including equity interests of subsidiaries, enter into transactions with affiliates, enter into certain sale and leaseback transactions. The ABL credit agreement restricts the Company from paying any dividends during the term of this facility subject to the satisfaction of specified financial ratios. In addition, the indentures governing the Company's First Lien Notes and its senior secured second lien notes due 2021 contain similar restrictions and also prohibits the payment of dividends and other distributions if the Company fails to satisfy a ratio of consolidated EBITDA to fixed charges of at least 2.0 to 1.0. At March 31, 2017 , the Company did not satisfy this fixed charge coverage ratio. The Company may from time to time not satisfy this ratio. Termination of Existing Senior Secured Revolving Credit Facility On October 14, 2016, the Company terminated its then existing senior secured revolving credit facility and repaid in full all outstanding indebtedness plus accrued and unpaid interest and other costs, of which $73 was charged to debt retirement expense. As a result, the Company accelerated $2,266 of deferred financing costs during the three months ended December 31, 2016 , which was charged to debt retirement expense. Senior Secured Second Lien Notes On August 1, 2013, the Company issued $735,000 in aggregate principal amount of its 9.875% senior secured second lien notes due 2021 (the "Second Lien Notes"). The Second Lien Notes were sold at 98% of the face value, for gross proceeds of approximately $720,300 . The Second Lien Notes bear interest at a rate of 9.875% per year, payable semi-annually in arrears in cash on January 15 and July 15 of each year, beginning January 15, 2014, to holders of record at the close of business on the preceding January 1 and July 1, respectively. The Second Lien Notes will mature on July 15, 2021. The Second Lien Notes are secured by a second priority lien on specified property of Alliance One International, Inc. for which the amended and restated senior secured credit facility is secured by a first priority lien. The indenture governing the Second Lien Notes restricts (subject to exceptions and qualifications) the Company's ability and the ability of its restricted subsidiaries to, among other things, incur additional indebtedness or issue disqualified stock or preferred stock, pay dividends and make other restricted payments (including restricted investments), sell assets, create liens, consolidate, merge, sell or otherwise dispose of all or substantially all of its assets, enter into transactions with its affiliates, enter into certain sale and leaseback transactions, create certain dividend and payment restrictions on its restricted subsidiaries, and designate its subsidiaries as unrestricted subsidiaries. The indenture governing the Second Lien Notes requires the Company's existing and future material domestic subsidiaries to guarantee the Second Lien Notes. The Company has no material domestic subsidiaries, and the Second Lien Notes are not presently guaranteed by any subsidiary. If a change of control (as defined in the indenture governing the Second Lien Notes) occurs at any time, holders of the Second Lien Notes will have the right, at their option, to require the Company to repurchase all or a portion of the Second Lien Notes for cash at a price equal to 101% of the principal amount of Second Lien Notes being repurchased, plus accrued and unpaid interest and special interest, if any, to, but excluding, the date of repurchase. In connection with the issuance of the Second Lien Notes, the Company entered into a registration rights agreement that requires the Company to pay additional special interest on the Second Lien Notes, at increasing annual rates up to a maximum of 1.0% per year, if the Company fails to timely comply with its registration obligations thereunder. Pursuant to the registration rights agreement, on December 20, 2013, the Company completed a registered exchange offer in which it offered to exchange for the outstanding Second Lien Notes an equal amount of new Second Lien Notes having identical terms in all material respects. During the year ended March 31, 2017 , the Company purchased $28,409 of its senior notes on the open market. All purchased securities were canceled leaving $691,591 of the 9.875% senior notes outstanding at March 31, 2017 . Associated costs paid were $71 and related discounts were $(3,409) resulting in net cash repayment of $25,606 and recorded in Repayment of Long-Term Borrowings in the Consolidated Statements of Cash Flows. Deferred financing costs and amortization of original issue discount of $678 were accelerated. In April 2017, the Company purchased $28,645 of its existing $691,591 senior notes on the open market. See Note 20 "Subsequent Events" to the Notes to Consolidated Financial Statements. Foreign Seasonal Lines of Credit The Company has typically financed its non-U.S. operations with uncommitted unsecured short-term seasonal lines of credit at the local level. These operating lines are seasonal in nature, normally extending for a term of 180 to 270 days corresponding to the tobacco crop cycle in that location. These facilities are typically uncommitted in that the lenders have the right to cease making loans and demand repayment of loans at any time. These loans are typically renewed at the outset of each tobacco season. As of March 31, 2017 , the Company had approximately $475,863 drawn and outstanding on foreign seasonal lines with maximum capacity totaling $ 808,695 subject to limitations as provided for in the Credit Agreement. Additionally, against these lines there was $12,988 available in unused letter of credit capacity with $5,211 issued but unfunded. ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (continued) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) Alliance One International, Inc. and Subsidiaries (in thousands) Note 8 - Long-Term Debt (continued) Long-Term Foreign Seasonal Borrowings The Company had foreign seasonal borrowings with original maturities greater than one year. At March 31, 2017 , approximately $ 10,000 was drawn and outstanding with maximum capacity totaling $ 10,000 . Summary of Debt Certain debt agreements contain cross-default or cross-acceleration provisions. The Company has considered its short-term liquidity needs, the adequacy of estimated cash flows from operating activities, and other financing sources to meet these needs. The Company expects that its cash and cash equivalents, available borrowings from foreign lines of credit and accounts receivable securitization programs, and cash flows from operating activities are sufficient to meet anticipated cash flow needs for operations, capital expenditures, debt service obligations, and other fees payable under other contractual obligations for the foreseeable future. The following table summarizes the Company’s debt financing as of March 31, 2017 : March 31, 2017 Outstanding Lines and March 31, 2016 March 31, 2017 Letters Interest Long Term Debt Repayment Schedule by Fiscal Year Available Rate 2018 2019 2020 2021 2022 Later Senior secured credit facility: Revolver (1) $ 200,000 $ — $ — — % $ — $ — $ — $ — $ — $ — ABL facility (2) — — 60,000 — % — — — — — — Senior notes: 8.5% senior first lien notes due 2021 (6) — 267,049 — 8.5 % — — — — 267,049 — 9.875% senior secured second lien notes due 2021 (4) (5) 699,321 675,076 — 9.9 % — — — — 675,076 — Long-term foreign seasonal borrowings 10,000 10,000 — 4.1 % (3 ) 10,000 — — — — — Other long-term debt 1,249 880 — 7.2 % (3 ) 46 205 329 100 100 100 Notes payable to banks (7) 475,989 475,863 319,844 5.9 % (3 ) — — — — — — Total debt $ 1,386,559 $ 1,428,868 379,844 $ 10,046 $ 205 $ 329 $ 100 $ 942,225 $ 100 Short term (7) $ 475,989 $ 475,863 Long term: Long term debt current $ 356 $ 10,046 Long term debt 910,214 942,959 $ 910,570 $ 953,005 Letters of credit $ 4,733 $ 5,211 7,777 Total credit available $ 387,621 (1) As of October 14, 2016, the revolving credit facility was paid in full and cancelled. (2) As of March 31, 2017, the full amount of the ABL facility was available. Borrowing is permitted under the ABL Credit Facility only to the extent that, after consideration of the application of the proceeds of the borrowing, the Company’s unrestricted cash and cash equivalents would not exceed $180,000 . At March 31, 2017, the Company’s unrestricted cash and cash equivalents significantly exceeded $180,000 . (3) Weighted average rate for the twelve months ended March 31, 2017. (4) On April 1, 2016, we adopted new accounting guidance that changed the presentation of debt issuance costs in financial statements on a retrospecitve basis. Therefore, the March 31, 2016 balance previously reported of $709,196 has been adjusted by $9,875 to $699,321 in accordance with the adoption of this new accounting guidance. (5) Repayment of $675,076 is net of original issue discount of $8,821 and unamortized debt issuance of $7,694 . Total repayment will be $691,591 . (6) Repayment of $267,049 is net of original issue discount of $2,303 and unamortized debt issuance of $5,648 . Total repayment will be $275,000 . (7) Primarily foreign seasonal lines of credit. At March 31, 2016, the outstanding amount includes $130,600 of debt owed by MTC under a short-term credit facility in which one of the Company’s other subsidiaries has a participation interest in the lender’s rights and obligations under the facility. At March 31, 2016, $84,258 of that amount was attributed to outstanding borrowings by MTC funded under that facility by such other subsidiary pursuant to that participation interest. Because such other subsidiary’s funding is pursuant to a participation interest through a third-party lender and not a direct intercompany loan between such other subsidiary and MTC, the total amount of debt under the facility is required to be reflected as consolidated debt upon the reconsolidation of MTC. See Note 21 “Reconsolidation of MTC” to the “Notes to Consolidated Financial Statements” for further information. At March 31, 2017, the other subsidiary's participation interest no longer remained.

Long-Term Leases

Long-Term Leases	12 Months Ended
	Mar. 31, 2017
Leases [Abstract]
Long-Term Leases	Long-Term Leases The Company has operating leases for land, buildings, automobiles and other equipment. Rent expense for all operating leases was $21,689 , $22,989 and $22,622 for the years ended March 31, 2017 , 2016 and 2015 , respectively. Minimum future obligations are as follows: Operating 2018 $ 18,150 2019 10,096 2020 7,056 2021 4,716 2022 2,259 Remaining 1,601 $ 43,878

Equity in Net Assets of Investe

Equity in Net Assets of Investee Companies	12 Months Ended
	Mar. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]
Equity in Net Assets of Investee Companies	Equity in Net Assets of Investee Companies The Company has equity method investments in companies located in Asia which purchase and process tobacco. The Asia investees and ownership percentages are as follows: Alliance One Industries India Private Ltd. (India) 49% , Siam Tobacco Export Company (Thailand) 49% , and Adams International Ltd. (Thailand) 49% . The Company owns a 50% equity based interest in Oryantal Tutun Paketleme which processes tobacco in Turkey. On March 26, 2014, the Company completed the formation of a new joint venture in Brazil with the disposition of 51% interest in China Brasil Tobacos Exportadora SA (“CBT”). The Company retained a 49% equity based interest in CBT which purchases and processes tobacco. Upon the disposition of 51% interest in CBT, the difference between the book basis of the Company’s 49% interest and the fair value of the investment recorded created a basis difference of $15,990 . The Company evaluated the contributed assets and identified basis differences in certain accounts, including inventory, intangible assets and deferred taxes. The basis differences are being amortized over the respective estimated lives of these assets and liabilities, which range from one to ten years. For the year ended March 31, 2017 , the Company’s earnings from the equity method investment were reduced by amortization expense of $1,518 related to these basis differences. At March 31, 2017 , the basis difference was $10,104 . On April 2, 2014 the Company completed the purchase of a 50% interest in Purilum, LLC, a U.S. company that develops, produces and sells consumable e-liquids to manufacturers and distributors of e-vapor products. Summarized combined financial information for these investees for fiscal years ended March 31, 2017 , 2016 and 2015 follows: Years Ended March 31, Operations Statement Information 2017 2016 2015 Sales $ 232,145 $ 274,183 $ 297,474 Gross profit 23,739 42,143 33,246 Net income 3,072 15,254 11,394 Company's dividends received 4,307 1,887 — March 31, Balance Sheet Information 2017 2016 Current assets $ 139,146 $ 118,745 Property, plant and equipment and other assets 54,674 61,845 Current liabilities 102,550 77,908 Long-term obligations and other liabilities 7,432 10,222

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Stock–Based Compensation The Company expenses the fair value of grants of various stock-based compensation programs over the vesting period of the awards. Awards granted are recognized as compensation expense based on the grant-date fair value estimated in accordance with generally accepted accounting principles. The table below summarizes certain data for the Company’s stock-based compensation plans: Year Ended March 31, 2017 2016 2015 Compensation expense for all stock based $ 1,712 $ 2,874 $ 3,194 Tax (expense) benefits for stock-based compensation $ — $ — $ — Fair value of stock options vested $ 315 $ 2,043 $ 3,353 The Company’s shareholders approved the 2016 Incentive Plan (the “2016 Plan”) at its Annual Meeting of Shareholders on August 12, 2016, which is the successor to the 2007 Incentive Plan (the “2007 Plan”) as amended on August 11, 2011 and August 6, 2009. The 2016 Plan is an omnibus plan that provides the flexibility to grant a variety of equity awards including stock options, stock appreciation rights, stock awards, stock units, performance awards and incentive awards to officers, directors and employees of the Company. As of March 31, 2017 , a maximum of 1,109 shares may be issued under the 2016 Plan, inclusive of 900 original to the 2016 Plan and 209 carried forward from the 2007 Plan. The 2016 Plan requires that the shares available for grant be reduced by twice the number of shares issued for any awards other than options or stock appreciation rights. This has resulted in decreasing the shares available to grant by 140 . As of March 31, 2017 , 142 equity awards have been granted, 2 equity awards have been cancelled and 22 vested under the 2016 Plan, leaving 828 shares available for future awards under the 2016 Plan, inclusive of 620 original to the 2016 Plan and 209 carried forward from the 2007 Plan. Total equity awards outstanding are 660 , inclusive of 542 awards granted and outstanding under the previous 2007 plan and 118 awards granted under the 2016 Plan. Shares issued are new shares which have been authorized and designated for award under the plans. Individual types of awards are discussed in greater detail below. Stock Option Awards Stock options allow for the purchase of common stock at a price determined at the time the option is granted. Stock options generally vest ratably over five years and generally expire after ten years. The fair value of these options is determined at grant date using the Black-Scholes valuation model and includes estimates of forfeiture based on historical experience. The fair value is then recognized as compensation expense ratably over the vesting term of the options. No stock options were granted during 2017, 2016 and 2015. ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (continued) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) Alliance One International, Inc. and Subsidiaries (in thousands) Note 11 – Stock–Based Compensation (continued) Stock Option Awards (continued) A summary of option activity for stock options follows: Options Shares Weighted Weighted Aggregate Outstanding at March 31, 2014 688 $ 60.45 Forfeited (18 ) 61.49 Expired (9 ) 64.50 Outstanding at March 31, 2015 661 60.37 Forfeited (9 ) 66.21 Expired (182 ) 59.23 Outstanding at March 31, 2016 470 60.70 Forfeited (4 ) 66.73 Expired (8 ) 39.40 Outstanding at March 31, 2017 458 61.00 4.29 $ — Vested and expected to vest at March 31, 2017 458 61.00 4.29 $ — Exercisable at March 31, 2017 441 61.04 4.26 $ — The intrinsic values in the table above represent the total pre-tax intrinsic value which is the difference between the Company’s closing stock price and the exercise price multiplied by the number of options. The expense related to stock option awards for 2017, 2016, and 2015 was $277 , $1,097 , and $1,363 , respectively. There were no options exercised in 2017, 2016 and 2015. The table below shows the movement in unvested options from March 31, 2016 to March 31, 2017 . Shares Weighted Average Aggregate Unvested March 31, 2016 38 $ 15.80 $ 599 Forfeited (1 ) 15.80 (9 ) Vested (20 ) 15.80 (315 ) Unvested March 31, 2017 17 15.80 $ 275 As of March 31, 2017 , there is $13 of unearned compensation, net of expected forfeitures, related to stock option awards which will vest over a weighted average remaining life of 0.1 years . Restricted Stock Restricted stock is common stock that is both nontransferable and forfeitable unless and until certain conditions are satisfied. The fair value of restricted shares is determined on grant date and is amortized over the vesting period. ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (continued) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) Alliance One International, Inc. and Subsidiaries (in thousands) Note 11 – Stock–Based Compensation (continued) Restricted Stock (continued) Restricted Stock Shares Weighted Average Restricted at March 31, 2014 20 $ 38.00 Granted 27 16.12 Vested (47) 25.39 Restricted at March 31, 2015 — — Granted 23 18.42 Vested (23) 18.42 Restricted at March 31, 2016 — — Granted 28 16.74 Vested (28) 16.74 Restricted at March 31, 2017 — — As of March 31, 2017 , there was no remaining unamortized deferred compensation. Expense recognized due to the vesting of restricted stock awards was $469 , $417 and $701 for the years ended March 31, 2017 , 2016 and 2015, respectively. Restricted Stock Units Restricted stock units differ from restricted stock in that zero shares are issued until restrictions lapse. Certain restricted stock units vest ratably over a three -year period and others vest 50% in the first year and 25% in each of the second and third years. The fair value of the restricted stock units is determined on the grant date and is amortized over the vesting period. Restricted Stock Units Shares Weighted Average Outstanding at March 31, 2014 63 $ 38.50 Granted 22 27.20 Vested (21 ) 38.50 Forfeited (6 ) 38.50 Outstanding at March 31, 2015 58 34.18 Granted 58 14.73 Vested (25 ) 35.16 Forfeited (2 ) 38.50 Outstanding at March 31, 2016 89 21.28 Granted 64 17.19 Vested (48 ) 25.43 Forfeited (1 ) 22.41 Outstanding at March 31, 2017 104 16.84 As of March 31, 2017 , there was $1,119 of remaining unamortized deferred compensation associated with these restricted stock units that will be expensed over the remaining service period through August 15, 2019. Expense recognized due to the vesting of these awards was $805 , $1,113 and $859 during the years ended March 31, 2017 , 2016 and 2015 respectively. On August 13, 2015, the Company's shareholders approved an exchange offer that would allow certain employees to surrender options and receive restricted stock units in exchange for these options. The offer was made on September 14, 2015 and applied only to grants made during years 2012 and 2013 that had an exercise price of $60.00 following the reverse stock split on June 26, 2015. The exchange offer was consummated as of October 13, 2015 with no changes in the timing or material amount of expense recognized for stock based compensation. ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (continued) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) Alliance One International, Inc. and Subsidiaries (in thousands) Note 11 – Stock–Based Compensation (continued) Performance-Based Restricted Stock Units Performance-based restricted stock units may vest at the end of either a two - or three -year performance period but the level of the awards to be earned at the end of the performance period is contingent upon attainment of specific business performance goals. If certain minimum performance levels are not attained, no compensation will be earned. The awards are variable in that compensation could range from zero to 200% of the plan’s target contingent on the performance level attained. The table below includes the maximum number of restricted stock units that may be earned under the plan. Performance-Based Shares Weighted Average Outstanding as of March 31, 2014 62 $ 38.50 Granted 22 27.20 Forfeited (1 ) 38.50 Outstanding as of March 31, 2015 83 35.52 Granted 30 10.11 Forfeited (61 ) 38.50 Outstanding as of March 31, 2016 52 17.33 Granted 56 17.76 Forfeited (23 ) 26.81 Outstanding as of March 31, 2017 85 15.06 As of March 31, 2017 , the Company anticipates that no performance-based restricted stock units will vest resulting in $0 to be expensed over the remaining service life through August 15, 2019. Expense recognized due to the expected vesting of these awards were $ (202) and $ 104 during the years ended March 31, 2016 and 2015, respectively. There was no expense recognized for the year ending March 31, 2017 . Cash-Settled Awards Cash-settled awards differ from the Company's other awards in that no shares will be issued and the cumulative compensation expense is recognized as a liability rather than equity. Under both of our current Cash-Settled Awards, the fair value of the award is equal to the period-end closing price of one share. The liability recognized will be the product of the fair value multiplied ratably by the expired vesting term. The expense related to these awards is derived by appropriately adjusting the value of the liability. As a result, the expense will be variable as the value of the liability will increase or decrease subject to the period-end closing price. Cash-Settled Restricted Stock Units Cash-settled restricted stock units vest ratably over the first, second and third anniversaries of the date of award. Cash-Settled Restricted Stock Units Shares Weighted Average Outstanding as of March 31, 2015 44 $ 27.06 Granted 1 19.65 Vested (14 ) 27.06 Forfeited (2 ) 27.20 Outstanding as of March 31, 2016 29 26.85 Vested (14 ) 26.84 Forfeited (2 ) 25.82 Outstanding as of March 31, 2017 13 27.01 ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (continued) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) Alliance One International, Inc. and Subsidiaries (in thousands) Note 11 – Stock–Based Compensation (continued) Cash-Settled Restricted Stock Units (continued) As of March 31, 2017 , there was $46 of remaining unamortized deferred compensation associated with these restricted stock units that will be expensed over the remaining service period through August 13, 2017. Expense recognized due to the vesting of these awards was $161 , $488 and $128 during the years ended March 31, 2017 , 2016 and 2015, respectively. Cash-Settled Performance-Based Restricted Stock Units Cash-settled restricted stock units vest at the end of a three -year performance period but the level of the award to vest is subject to similar performance criteria as the Performance-Based Restricted Stock Units described above. The awards are also variable in that they range from zero to 200% of the plan’s target contingent on the performance level attained. The table below includes the maximum number of restricted stock units that may be earned under the plan. Cash-Settled Performance-Based Shares Weighted Average Outstanding as of March 31, 2015 44 $ 27.06 Forfeited (2 ) 27.20 Outstanding as of March 31, 2016 42 27.10 Forfeited (42 ) 27.10 Outstanding as of March 31, 2017 — — As of March 31, 2017 , the Company anticipates that no performance-based restricted stock units will vest resulting in $0 to be expensed over the remaining service period through August 13, 2017. Expense recognized due to the expected vesting of these awards was $ (39) and $39 during the years ended March 31, 2016 and 2015. There was no expense recognized for the year ending March 31, 2017 .

Income Taxes

Income Taxes	12 Months Ended
	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Accounting for Uncertainty in Income Taxes As of March 31, 2017 , 2016 and 2015, the Company’s unrecognized tax benefits totaled $15,196 , $16,675 and $17,752 , respectively, of which $7,710 would impact the Company’s March 31, 2017 effective tax rate if recognized. The following table presents the changes to unrecognized tax benefits during the years ended March 31, 2017 , 2016 and 2015: 2017 2016 2015 Balance at April 1 $ 16,675 $ 17,752 $ 12,635 Increase for current year tax positions 275 24 7,260 Reduction for prior year tax positions (1,764 ) (223 ) (1,055 ) Impact of changes in exchange rates 10 (878 ) (1,088 ) Balance at March 31 $ 15,196 $ 16,675 $ 17,752 The Company recognizes interest and penalties related to unrecognized tax benefits in income tax expense. During the years ended March 31, 2017 and 2016, the Company accrued (reduced) interest, penalties and related exchange losses related to unrecognized tax benefits by $255 and $ (224) , respectively. As of March 31, 2017 , accrued interest and penalties totaled $1,545 and $818 , respectively. During the year ending March 31, 2017 , the Company reduced its accrued interest and penalties for $ 287 related to the expiration of statute of limitations. As of March 31, 2016 , accrued interest and penalties totaled $1,315 and $793 , respectively. During the fiscal year ending March 31, 2017 , the Company’s total liability for unrecognized tax benefits, including the related interest and penalties, decreased from $18,784 to $17,558 . The change in the liability for unrecognized tax benefits relates to expiration of statute of limitations of approximately $505 and decreases related to current period activity of approximately $721 . The Company expects to continue accruing interest expenses related to the remaining unrecognized tax benefits. Additionally, the Company may be subject to fluctuations in the unrecognized tax liability due to currency exchange rate movements. ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (continued) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) Alliance One International, Inc. and Subsidiaries (in thousands) Note 12 – Income Taxes (continued) Income Tax Provision (continued) During the fiscal year ending March 31, 2017, the Zimbabwe High Court of Harare rejected the Company’s appeal relating to the recovery of an income tax receivable for certain withholding taxes which were assessed against the Company’s subsidiary in Switzerland. As a result, the Company concluded it was no longer more-likely-than-not that the receivable will be realized and a non-cash tax provision of approximately $9,000 was recorded as an adjustment to tax expense. The tax expense recognized this fiscal year does not impact cash flow as the Company had previously made a deposit of the amount due as part of the appeal process. The Company is in the process of appealing the decision to the Supreme Court of Zimbabwe. It is reasonably possible that the Company's unrecognized tax benefits may decrease in the next twelve months by $261 due to the expiration of the statute of limitations, but the Company must acknowledge circumstances can change due to unexpected developments in the law. In certain jurisdictions, tax authorities have challenged positions that the Company has taken that resulted in recognizing benefits that are material to its financial statements. The Company believes it is more likely than not that it will prevail in these situations and accordingly have not recorded liabilities for these positions. The Company expects the challenged positions to be settled at a time greater than twelve months from its balance sheet date. The Company and its subsidiaries file a U.S. federal consolidated income tax return as well as returns in several U.S. states and a number of foreign jurisdictions. As of March 31, 2017 , the Company’s earliest open tax year for U.S. federal income tax purposes was its fiscal year ended March 31, 2014; however, the Company's net operating loss carryovers from prior periods remain subject to adjustment. Open tax years in state and foreign jurisdictions generally range from three to six years. Income Tax Provision The components of income (loss) before income taxes, equity in net income of investee companies and minority interests consisted of the following: Years Ended March 31, 2017 2016 2015 U.S. $ (87,963 ) $ (55,073 ) $ (24,749 ) Non-U.S. 48,321 146,747 15,810 Total $ (39,642 ) $ 91,674 $ (8,939 ) The details of the amount shown for income taxes in the Consolidated Statements of Operations follow: Years Ended March 31, 2017 2016 2015 Current Federal $ (926 ) $ — $ — State — — — Non-U.S. 23,974 26,476 19,850 $ 23,048 $ 26,476 $ 19,850 Deferred Federal $ — $ — $ — State — — — Non-U.S. 432 5,739 2,068 $ 432 $ 5,739 $ 2,068 Total $ 23,480 $ 32,215 $ 21,918 ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (continued) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) Alliance One International, Inc. and Subsidiaries (in thousands) Note 12 - Income Taxes (continued) Income Tax Provision (continued) The reasons for the difference between income tax expense based on income before income taxes, equity in net income of investee companies and minority interests and the amount computed by applying the U.S. statutory federal income tax rate to such income are as follows: Years Ended March 31, 2017 2016 2015 Tax expense (benefit) at U.S. statutory rate $ (13,875 ) $ 32,086 $ (3,129 ) Effect of non-U.S. income taxes (6,410 ) (15,131 ) 647 U.S. taxes on non-U.S. income 3,736 23,734 14,768 Foreign tax credits expiration — 47,552 — Change in valuation allowance 13,748 (47,135 ) (14,908 ) Increase (decrease) in reserves for uncertain tax positions 264 (1,203 ) 5,227 Change in tax rates (308 ) 2,480 — Exchange effects and currency translation 6,046 15,492 14,308 Permanent items 4,859 891 5,005 Write-down of state tax loss carryovers 6,430 — — Nontaxable gain - Zimbabwe subsidiary reconsolidation — (26,551 ) — Write-down of withholding tax recoverable 8,990 — — Actual tax expense $ 23,480 $ 32,215 $ 21,918 The deferred tax liabilities (assets) are comprised of the following: March 31, 2017 March 31, 2016 Deferred tax liabilities: Unremitted earnings of foreign subsidiaries $ 30,581 $ 27,641 Intangible assets 8,397 9,334 Fixed assets 7,242 11,435 Total deferred tax liabilities $ 46,220 $ 48,410 Deferred tax assets: Reserves and accruals $ (24,308 ) $ (23,870 ) Tax credits (7,286 ) (8,191 ) Tax loss carryforwards (125,601 ) (104,337 ) Derivative transactions (669 ) (892 ) Postretirement and other benefits (28,512 ) (30,635 ) Unrealized exchange loss (4,046 ) (12,645 ) Other (8,471 ) (8,207 ) Gross deferred tax assets (198,893 ) (188,777 ) Valuation allowance 131,774 118,518 Total deferred tax assets $ (67,119 ) $ (70,259 ) Net deferred tax asset $ (20,899 ) $ (21,849 ) The following table presents the breakdown between non-current (assets) liabilities: March 31, 2017 March 31, 2016 Non-current asset $ (38,507 ) $ (38,773 ) Non-current liability 17,608 16,924 Net deferred tax asset $ (20,899 ) $ (21,849 ) ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (continued) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) Alliance One International, Inc. and Subsidiaries (in thousands) Note 12 - Income Taxes (continued) Income Tax Provision (continued) During the year ended March 31, 2017 , the net deferred tax asset balance decreased by $(454) for certain adjustments not included in the deferred tax expense (benefit), primarily for deferred tax assets related to pension accruals recorded in equity as part of Other Comprehensive Income (Loss) and currency translation adjustments. For the year ended March 31, 2017 , the valuation allowance increased by $13,256 which is inclusive of $(595) related to adjustments in other comprehensive income and $100 related primarily to currency translation adjustments. The valuation allowance increased primarily due to U.S. federal, U.S. state and non-U.S. tax losses. The valuation allowance is based on the Company's assessment that it is more likely than not that certain deferred tax assets, primarily foreign tax credits and net operating loss carryovers, will not be realized in the foreseeable future. Recent years' cumulative losses incurred in the United States as of March 31, 2017 , combined with the effects of certain changes in the market, provide significant objective negative evidence in the evaluation of whether the U.S. entity will generate sufficient taxable income to realize the tax benefits of the deferred tax assets. This negative evidence carries greater weight than the more subjective positive evidence of favorable future projected income in the assessment of whether realization of the tax benefits of the deferred tax assets is more likely than not. Therefore, based on the weight of presently objectively verifiable positive and negative evidence, it is management's judgment that realization of the tax benefits of the deferred tax assets is less than more likely than not. At March 31, 2017 , the Company has U.S federal tax loss carryovers of $324,608 , non-U.S. tax loss carryovers of $75,873 , and U.S. state tax loss carryovers of $575,419 . The U.S. federal tax loss carryovers will expire in 2030 and thereafter. Of the non-U.S. tax loss carryovers, $29,129 will expire within the next 5 years, $31,586 will expire in later years, and $15,158 can be carried forward indefinitely. Of the U.S. state tax loss carryovers, $1,854 will expire within the next five years and $573,565 will expire thereafter. At March 31, 2017 , the Company has foreign tax credit carryovers in the United States of $4,348 , of which $2,195 will expire within the next five years. Realization of deferred tax assets is dependent on generating sufficient taxable income prior to expiration of the loss carryovers. Although realization is not assured, management believes it is more likely than not that all of the deferred tax assets, net of applicable valuation allowances, will be realized. The amount of the deferred tax assets considered realizable could be reduced or increased if estimates of future taxable income change during the carryover period. A provision of $30,581 has been made for U.S. or foreign taxes that may result from future remittances of foreign earnings of $95,662 . No provision has been made for U.S. or foreign taxes that may result from future remittances of approximately $353,032 at March 31, 2017 and $334,445 at March 31, 2016 of undistributed earnings of foreign subsidiaries because management expects that such earnings will be reinvested overseas indefinitely. Determination of the amount of any unrecognized deferred income tax liability on these unremitted earnings is not practicable.

Employee Benefits

Employee Benefits	12 Months Ended
	Mar. 31, 2017
Compensation and Retirement Disclosure [Abstract]
Employee Benefits	Employee Benefits Retirement Benefits The Company has multiple benefit plans at several locations. The Company has a defined benefit plan that provides retirement benefits for substantially all U.S. salaried personnel based on years of service rendered, age and compensation. The Company also maintains various other Excess Benefit and Supplemental Plans that provide additional benefits to (1) certain individuals whose compensation and the resulting benefits that would have actually been paid are limited by regulations imposed by the Internal Revenue Code and (2) certain individuals in key positions. In addition, a Supplemental Retirement Account Plan ("SRAP"), a defined contribution program, is maintained. The Company's policy is to contribute amounts to the plans sufficient to meet or exceed funding requirements of local governmental rules and regulations. Additional non-U.S. plans sponsored by certain subsidiaries cover substantially all of the full-time employees located in Germany, Turkey and the United Kingdom. ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (continued) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) Alliance One International, Inc. and Subsidiaries (in thousands) Note 13 – Employee Benefits (continued) Retirement Benefits (continued) During the year ended March 31, 2017 , the Company's activity of cash payments triggered settlement accounting. The settlement accounting resulted in a settlement loss of $1,454 recorded in Selling, General and Administrative Expenses ("SGA") and a reduction in accumulated other comprehensive income as of March 31, 2017 . In addition, as a result of payments made to employees due to involuntary dismissal in a foreign subsidiary, special termination benefits of $14 were recorded in SGA and the benefit obligation. During the three months ended December 31, 2015, the Company announced that the U.S. Pension Plan would be frozen effective January 1, 2016. This change is accounted for as a curtailment and resulted in a curtailment loss of $1,062 and a reduction in the benefit obligation and accumulated other comprehensive income of $2,534 as of December 31, 2015. The curtailment loss is recorded in restructuring and asset impairment charges. A reconciliation of benefit obligations, plan assets and funded status of the plans at March 31, 2017 and 2016, the measurement dates, is as follows: U.S. Plans Non-U.S. Plans March 31, March 31, 2017 2016 2017 2016 Change in Benefit Obligation Benefit obligation, beginning $ 99,632 $ 107,423 $ 63,570 $ 69,939 Service cost 250 1,434 226 271 Interest cost 2,863 3,640 1,728 2,146 Plan amendments — — 18 (4 ) Plan curtailments — (1,963 ) — (256 ) Actuarial losses (gains) (161 ) (3,288 ) 6,245 (5,025 ) Settlements/special termination benefits (4,802 ) — (123 ) — Effects of currency translation — — (4,693 ) (681 ) Benefits paid (5,149 ) (7,614 ) (2,433 ) (2,820 ) Benefit obligation, ending $ 92,633 $ 99,632 $ 64,538 $ 63,570 Change in Plan Assets Fair value of plan assets, beginning $ 40,982 $ 44,921 $ 52,774 $ 53,709 Actual return on plan assets 2,954 (471 ) 8,784 (289 ) Employer contributions 2,902 4,146 2,868 3,211 Plan settlements (4,802 ) — (136 ) — Effects of currency translation — — (4,731 ) (1,037 ) Benefits paid (5,149 ) (7,614 ) (2,433 ) (2,820 ) Fair value of plan assets, ending $ 36,887 $ 40,982 $ 57,126 $ 52,774 Net amount recognized $ (55,746 ) $ (58,650 ) $ (7,412 ) $ (10,796 ) U.S. Plans Non-U.S. Plans March 31, March 31, 2017 2016 2017 2016 Amounts Recognized in the Consolidated Balance Sheets Consist of: Noncurrent benefit asset recorded in Other Noncurrent Assets $ — $ — $ 7,555 $ 2,450 Accrued current benefit liability recorded in Accrued Expenses and Other Current Liabilities (3,010 ) (2,967 ) (1,224 ) (1,166 ) Accrued noncurrent benefit liability recorded in Pension, Postretirement and Other Long-Term Liabilities (52,736 ) (55,683 ) (13,743 ) (12,080 ) Net amount recognized $ (55,746 ) $ (58,650 ) $ (7,412 ) $ (10,796 ) ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (continued) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) Alliance One International, Inc. and Subsidiaries (in thousands) Note 13 - Employee Benefits (continued) Retirement Benefits (continued) The pension obligations for all defined benefit pension plans: U.S. Plans Non-U.S. Plans March 31, March 31, 2017 2016 2017 2016 Information for Pension Plans with Accumulated Benefit Obligation in Excess of Plan Assets: Projected benefit obligation $ 92,633 $ 99,632 $ 34,391 $ 32,683 Accumulated benefit obligation 92,633 99,632 33,715 32,068 Fair value of plan assets 36,887 40,982 19,423 19,437 Net periodic pension costs included the following components: U.S. Plans Non-U.S. Plans March 31, March 31, 2017 2016 2015 2017 2016 2015 Service cost $ 250 $ 1,434 $ 1,856 $ 226 $ 271 $ 173 Interest cost 2,863 3,640 3,969 1,728 2,146 2,711 Expected return on plan assets (2,578 ) (3,070 ) (3,131 ) (2,760 ) (3,110 ) (3,477 ) Amortization of actuarial losses 1,136 1,809 1,440 905 1,388 740 Amortization of prior service cost 40 136 192 (1 ) 1 1 Curtailment loss — 1,062 — — — — Special termination benefits — — — 14 — 72 Effects of settlement 1,363 — 35 91 — (13 ) Net periodic pension cost $ 3,074 $ 5,011 $ 4,361 $ 203 $ 696 $ 207 The amounts showing in accumulated other comprehensive income at March 31, 2017 , March 31, 2016 and movements for the year were as follows: U.S. and Non-U.S. U.S. and Non-U.S. Total Prior service credit (cost) $ (516 ) $ 3,733 $ 3,217 Net actuarial losses (49,819 ) (4,018 ) (53,837 ) Deferred taxes 11,347 (529 ) 10,818 Balance at March 31, 2016 $ (38,988 ) $ (814 ) $ (39,802 ) Prior service credit (cost) $ 26 $ (691 ) $ (665 ) Net actuarial gains 5,098 (615 ) 4,483 Deferred taxes (891 ) 221 (670 ) Total change for 2017 $ 4,233 $ (1,085 ) $ 3,148 Prior service credit (cost) $ (490 ) $ 3,042 $ 2,552 Net actuarial losses (44,721 ) (4,633 ) (49,354 ) Deferred taxes 10,456 (308 ) 10,148 Balance at March 31, 2017 $ (34,755 ) $ (1,899 ) $ (36,654 ) ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (continued) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) Alliance One International, Inc. and Subsidiaries (in thousands) Note 13 - Employee Benefits (continued) Retirement Benefits (continued) The following weighted average assumptions were used to determine the expense for the pension, postretirement, other postemployment, and employee savings plans as follows: U.S. Plans Non-U.S. Plans March 31, March 31, 2017 2016 2015 2017 2016 2015 Discount rate 3.86% 3.60% 4.20% 3.38% 3.13% 4.30% Rate of increase in future compensation Not applicable 4.50% 4.50% 3.47% 3.56% 3.94% Expected long-term rate of return on 7.00% 7.25% 7.25% 5.63% 5.73% 6.83% In order to project the long-term investment return for the total portfolio, estimates are prepared for the total return of each major asset class over the subsequent 10 -year period, or longer. Those estimates are based on a combination of factors including the current market interest rates and valuation levels, consensus earnings expectations and historical long-term risk premiums. To determine the aggregate return for the pension trust, the projected return of each individual asset class is then weighted according to the allocation to that investment area in the trust’s long-term asset allocation policy. A March 31 measurement date is used for the pension, postretirement, other postemployment and employee savings plans. The expected long-term rate of return on assets was determined based upon historical investment performance, current asset allocation, and estimates of future investment performance by asset class. The following assumptions were used to determine the benefit obligations disclosed for the pension plans at March 31, 2017 and 2016: U.S. Plans Non-U.S. Plans March 31, March 31, 2017 2016 2017 2016 Discount rate 3.90% 3.86% 2.59% 3.38% Rate of increase in future compensation Not applicable Not applicable 5.91% 3.47% Net gain (loss) and prior service credits (costs) for the combined U.S. and non-U.S. pension plans expected to be amortized from accumulated comprehensive income into net periodic benefit cost during fiscal 2017 is $(1,142) and $(943) , respectively. Plan Assets The Company’s asset allocations and the percentage of the fair value of plan assets at March 31, 2017 and 2016 by asset category are as follows: Target Allocations U.S. Plans Non-U.S. Plans March 31, 2017 March 31, March 31, (percentages) 2017 2016 2017 2016 Asset Category: Cash and cash equivalents — % 3.7 % 3.2 % 34.5 % 1.5 % Equity securities 36.0 % 34.3 % 34.6 % 19.6 % 58.8 % Debt securities 24.0 % 22.4 % 22.8 % 10.6 % 34.2 % Real estate and other investments 40.0 % 39.6 % 39.4 % 35.3 % 5.5 % Total 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (continued) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) Alliance One International, Inc. and Subsidiaries (in thousands) Note 13 - Employee Benefits (continued) Plan Assets (continued) The Company's investment objectives are to generate consistent total investment return to pay anticipated plan benefits, while minimizing long-term costs and portfolio volatility. Financial objectives underlying this policy include maintaining plan contributions at a reasonable level relative to benefits provided and assuring that unfunded obligations do not grow to a level that would adversely affect the Company's financial health. Manager and composite portfolio performance is measured against investment objectives and objective benchmarks, including but not limited to: Citibank 90 Day Treasury Bill, Bloomberg Barclays Intermediate Govt/Credit, Bloomberg Barclays Aggregate, Russell 1000 Value, Russell 1000 Growth, Russell 2500 Value, Russell 2500 Growth, MSCI EAFE, HFR Absolute Return, HFR Equity Hedge, and others. The Portfolio Objective is to exceed the actuarial return on assets assumption. Management and the Plan's Consultant regularly review portfolio allocations and periodically rebalance the portfolio to the targeted allocations according to the guidelines set forth in the Company's investment policy. Equity securities do not include the Company's common stock. The Company's diversification and risk control processes serve to minimize the concentration and experience of risk. There are no significant concentrations of risk, in terms of sector, industry, geography or individual company or companies. The fair values for the pension plans by asset category are as follows: U.S. Pension Plans March 31, 2017 Total Level 1 Level 2 Level 3 Cash and cash equivalents $ 1,342 $ 851 $ 491 $ — U.S. equities / equity funds 7,649 7,649 — — International equities / equity funds 4,997 4,997 — — U.S. fixed income funds 7,251 7,251 — — International fixed income funds 1,028 1,028 — — Other investments: Diversified funds (1) 10,496 10,463 — — Real estate and other (1) 4,124 — — — Total $ 36,887 $ 32,239 $ 491 $ — U.S. Pension Plans March 31, 2016 Total Level 1 Level 2 Level 3 Cash and cash equivalents $ 1,326 $ 815 $ 511 $ — U.S. equities / equity funds 8,712 8,712 — — International equities / equity funds 5,466 5,466 — — U.S. fixed income funds 8,178 8,178 — — International fixed income funds 1,169 1,169 — — Other investments: Diversified funds (1) 11,791 11,741 — — Real estate (1) 4,352 — — — Total $ 40,994 $ 36,081 $ 511 $ — (1) In accordance with new guidance retrospectively adopted this year, certain investments that are measured at fair value using the net asset value have not been classified in the fair value hierarchy. Coast Access III Ltd (UL) Class (Diversified). The hedge fund's objective is to use leveraged, long, short, and derivative positions in both domestic and international markets with the goal of generating positive absolute returns uncorrelated to other asset classes over full market cycles. The fund is in process of periodic and self-liquidating drawdown, to be fully liquidated by January 2018. Trumbull Property Fund (Real Estate and Other). The real estate fund invests primarily in commercial real estate and includes mortgage loans which are backed by associated properties. It focuses on properties that return both lease income and appreciation of the buildings' marketable value. This fund has a quarterly redemption frequency with a 60-day notice period. ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (continued) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) Alliance One International, Inc. and Subsidiaries (in thousands) Note 13 - Employee Benefits (continued) Plan Assets (continued) The following table summarizes the plan assets recognized and measured at fair value using the net asset value and the inputs used to determine the fair value: March 31, 2017 March 31, 2016 Fair Value Unfunded Commitments Redemption Frequency Redemption Notice Period Fair Value Unfunded Commitments Redemption Frequency Redemption Notice Period Diversified funds 33 None Self-Liquidating None 50 None Self-Liquidating None Real estate and other 4,124 None Quarterly 60 Days 4,352 None Quarterly 60 Days Non-U.S. Pension Plans March 31, 2017 Total Level 1 Level 2 Level 3 Cash and cash equivalents $ 19,749 $ 19,749 $ — $ — U.S. equities / equity funds — — — — International equities / equity funds 5,208 — 5,208 — Global equity funds 6,000 — 6,000 — U.S. fixed income funds — — — — International fixed income funds 6,040 — 6,040 — Global fixed income funds — — — — Other investments: Diversified funds 20,201 — 20,201 — Real estate — — — — Total $ 57,198 $ 19,749 $ 37,449 $ — Non-U.S. Pension Plans March 31, 2016 Total Level 1 Level 2 Level 3 Cash and cash equivalents $ 776 $ 776 $ — $ — U.S. equities / equity funds 7,340 7,340 — — International equities / equity funds 13,615 4,335 9,280 — Global equity funds 10,083 — 10,083 — US fixed income funds 2,829 2,829 — — International fixed income funds 8,415 — 8,415 — Global fixed income funds 6,813 1,384 5,429 — Other investments: Diversified funds 1,685 1,685 — — Real estate 1,268 1,268 — — Total $ 52,824 $ 19,617 $ 33,207 $ — The fair value hierarchy is described in Note 18 “Fair Value Measurements” to the “Notes to Consolidated Financial Statements." For all periods presented, the Company had no Non-U.S. pension plan assets measured at fair value using the net asset value. Plan assets are recognized and measured at fair value in accordance with the accounting standards regarding fair value measurements. The following are general descriptions of asset categories, as well as the valuation methodologies and inputs used to determine the fair value of each major category of plan assets. Cash and cash equivalents include short-term investment funds, primarily in diversified portfolios of investment grade money market instruments and are valued using quoted market prices or other valuation methods, and thus classified within Level 1 or Level 2 of the fair value hierarchy. ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (continued) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) Alliance One International, Inc. and Subsidiaries (in thousands) Note 13 - Employee Benefits (continued) Plan Assets (continued) Equity securities are investments in common stock of domestic and international corporations in a variety of industry sectors, and are valued primarily using quoted market prices and generally classified within Level 1 in the fair value hierarchy. Fixed income securities include U.S. Treasuries and agencies, debt obligations of foreign governments and debt obligations in corporations of domestic and foreign issuers. The fair value of fixed income securities are based on observable prices for identical or comparable assets, adjusted using benchmark curves, sector grouping, matrix pricing, broker/dealer quotes and issuer spreads, and are generally classified within Level 1 or Level 2 in the fair value hierarchy. Investments in equity and fixed income mutual funds are publicly traded and valued primarily using quoted market prices and generally classified within Level 1 in the fair value hierarchy. Investments in commingled funds used in certain non-U.S. pension plans are not publicly traded, but the underlying assets held in these funds are traded in active markets and the prices for these assets are readily observable. Holdings in these commingled funds are generally classified as Level 2 investments. Real estate investments include those in private limited partnerships that invest in various commercial and residential real estate projects both domestically and internationally as well as publicly traded REIT securities. The fair values of private real estate assets are typically determined by using income and/or cost approaches or comparable sales approach, taking into consideration discount and capitalization rates, financial conditions, local market conditions and the status of the capital markets, and thus are generally classified within Level 3 in the fair value hierarchy. Publicly traded REIT securities are valued primarily using quoted market prices and are generally classified within Level 1 in the fair value hierarchy. Diversified investments include those in limited partnerships that invest in companies that are not publicly traded on a stock exchange and mutual funds with an absolute return strategy. Limited partnership investment strategies in non-publicly traded companies include leveraged buyouts, venture capital, distressed investments and investments in natural resources. These investments are valued using inputs such as trading multiples of comparable public securities, merger and acquisition activity and pricing data from the most recent equity financing taking into consideration illiquidity, and thus are classified within Level 3 in the fair value hierarchy. Mutual fund investments with absolute return strategies are publicly traded and valued using quoted market prices and are generally classified within Level 1 in the fair value hierarchy. Cash Flows Contributions The Company expects to contribute $3,751 to its U.S. benefits plans and $2,571 to its non-U.S. benefit plans in fiscal 2018. Estimated Future Benefit Payments The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid: Pension Benefits Other Benefits U.S. Plans Non-U.S. Plans U.S. Plans Non-U.S. Plans March 31, 2017 March 31, 2017 March 31, 2017 March 31, 2017 2018 $ 8,981 $ 2,996 $ 339 $ 142 2019 7,047 2,805 341 147 2020 7,299 2,492 279 162 2021 6,920 2,949 280 169 2022 6,807 2,632 268 175 Years 2023-2027 31,888 15,385 1,320 991 The Company sponsors 401-k savings plans for most of its salaried employees located in the United States. The Supplemental Executive Retirement Plan and the Pension Equity Plan were replaced by the SRAP during 2008. The Company also maintains defined contribution plans at various foreign locations. The Company’s contributions to the defined contribution plans were $4,843 in 2017, $3,978 in 2016 and $4,009 in 2015. ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (continued) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) Alliance One International, Inc. and Subsidiaries (in thousands) Note 13 - Employee Benefits (continued) Postretirement Health and Life Insurance Benefits The Company provides certain health and life insurance benefits to retired U.S. employees (and their eligible dependents) who meet specified age and service requirements. The plan excludes new employees after September 2005 and caps the Company’s annual cost commitment to postretirement benefits for retirees. The Company retains the right, subject to existing agreements, to modify or eliminate these postretirement health and life insurance benefits in the future. The Company provides certain health and life insurance benefits to retired Brazilian directors and certain retirees located in Europe including their eligible dependents who meet specified requirements. During the three months ended September 30, 2015, the Company announced that certain U.S. postretirement medical benefits would no longer be provided effective January 1, 2016. This change is accounted for as a negative plan amendment and resulted in a reduction of $4,461 in the benefit obligation and in accumulated other comprehensive income as of September 30, 2015. The Company retains the right, subject to existing agreements, to modify or eliminate the postretirement medical benefits. The following assumptions were used to determine non-U.S. Plan postretirement benefit obligations at March 31 : 2017 2016 Discount rate 9.74 % 11.33 % Health care cost trend rate assumed for next year 8.00 % 8.00 % Ultimate trend rate 8.00 % 8.00 % A one-percentage-point change in assumed health care cost trend rates would not have a significant effect on the amounts reported for health care plans. For 2017 and 2016 , the annual rate of increase in the per capita cost of covered health care benefits is not applicable as the Company’s annual cost commitment to the benefits is capped and not adjusted for future medical inflation. Additional retiree medical benefits are provided to certain U.S. individuals in accordance with their employment contracts. For 2017 the additional cost related to these contracts was $ 45 . Prior service credits of $710 and unrecognized net actuarial losses of $460 are expected to be amortized from accumulated comprehensive income into postretirement healthcare benefits net periodic benefit cost for the combined U.S. and non-U.S. postretirement benefits during fiscal 2018. ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (continued) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) Alliance One International, Inc. and Subsidiaries (in thousands) Note 13 - Employee Benefits (continued) Postretirement Health and Life Insurance Benefits (continued) A reconciliation of benefit obligations, plan assets and funded status of the plans is as follows: U.S. Plans Non-U.S. Plans March 31, March 31, 2017 2016 2017 2016 Change in Benefit Obligation Benefit obligation, beginning $ 4,217 $ 8,841 $ 1,229 $ 1,243 Service cost 8 23 4 3 Interest cost 132 247 148 113 Effect of currency translation — — 144 (107 ) Plan amendments — (3,933 ) — — Actuarial losses (gains) 351 (450 ) 662 93 Benefits paid (347 ) (511 ) (102 ) (116 ) Benefit obligation, ending $ 4,361 $ 4,217 $ 2,085 $ 1,229 Change in Plan Assets Fair value of plan assets, beginning $ — $ — $ — $ — Employer contributions 347 511 102 116 Benefits paid (347 ) (511 ) (102 ) (116 ) Fair value of plan assets, ending $ — $ — $ — $ — Net amount recognized $ (4,361 ) $ (4,217 ) $ (2,085 ) $ (1,229 ) U.S. Plans Non-U.S. Plans March 31, March 31, 2017 2016 2017 2016 Amounts Recognized in the Consolidated Accrued current benefit liability recorded in Accrued Expenses and Other Current Liabilities $ (339 ) $ (278 ) $ (142 ) $ (96 ) Accrued non-current benefit liability recorded in Pension, Postretirement and Other Long-Term Liabilities (4,022 ) (3,939 ) (1,943 ) (1,133 ) Net amount recognized $ (4,361 ) $ (4,217 ) $ (2,085 ) $ (1,229 ) There are no plan assets for 2017 or 2016 . Net periodic benefit costs included the following components: U.S. Plans Non-U.S. Plans March 31, March 31, 2017 2016 2015 2017 2016 2015 Service cost $ 8 $ 23 $ 39 $ 4 $ 3 $ 3 Interest cost 132 247 361 148 113 154 Prior service credit (698 ) (349 ) (1,196 ) (11 ) (10 ) (14 ) Actuarial losses (gains) 413 432 450 3 (2 ) (5 ) Net periodic benefit costs (income) $ (145 ) $ 353 $ (346 ) $ 144 $ 104 $ 138 The Company continues to evaluate ways to better manage these benefits and control their costs. Any changes in the plan or revisions to assumptions that affect the amount of expected future benefits may have a significant effect on the amount of the reported obligation and annual expense. The Company expects to contribute $480 to its combined U.S. and non-U.S. postretirement benefit plans in fiscal 2018. Employees in operations located in certain other foreign operations are covered by various postretirement benefit arrangements. For these foreign plans, the cost of benefits charged to income was not material in 2017 , 2016 and 2015 .

Segment Information

Segment Information	12 Months Ended
	Mar. 31, 2017
Segment Reporting [Abstract]
Segment Information	Segment Information The Company purchases, processes, sells, and stores leaf tobacco. Tobacco is purchased in more than 35 countries and shipped to approximately 90 countries. The sales, logistics and billing functions of the Company are primarily concentrated in service centers outside of the producing areas to facilitate access to our major customers. Within certain quality and grade constraints, tobacco is fungible and, subject to these constraints, customers may choose to fulfill their needs from any of the areas where the Company purchases tobacco. Management evaluates performance using information included in management reports. The Company has five geographic operating segments: Africa, Asia, Europe, North America and South America. Beginning April 1, 2015, the Company's management ceased evaluating performance of value added services as a separate operating segment. The Company's cut rag and other specialty products and services are now combined within the geographic operating segments in which they operate. In reviewing these operations, the Company concluded that the economic characteristics of North America were dissimilar from the other operating segments. Based on this fact, the Company is disclosing North America separately and has aggregated the remaining four operating segments, Africa, Asia, Europe and South America into one reportable segment "Other Regions." The Company concluded that these operating segments have similar long term financial performance and similar economic characteristics in each of the following areas: a. the nature of the products and services; b. the nature of the production processes; c. the type or class of customer for their products and services; d. the methods used to distribute their products or provide their services; and e. the nature of the regulatory environment. Selling, logistics, billing, and administrative overhead, including depreciation, which originates primarily from the Company’s corporate and sales offices, are allocated to the segments based upon segment operating income. The Company reviews performance data from purchase through sale based on the source of the product and all intercompany transactions are allocated to the region that either purchases or processes the tobacco. Years Ended March 31, Analysis of Segment Operations 2017 2016 2015 Sales and other operating revenues: North America $ 396,217 $ 468,098 $ 440,985 Other Regions 1,318,533 1,436,494 1,625,880 Total revenue $ 1,714,750 $ 1,904,592 $ 2,066,865 Operating income: North America $ 15,333 $ 25,230 $ 40,437 Other Regions 69,235 176,557 56,858 Total operating income 84,568 201,787 97,295 Debt retirement expense (income) (300 ) — (771 ) Interest expense 132,667 117,190 113,273 Interest income 8,157 7,077 6,268 Income (loss) before income taxes and other items $ (39,642 ) $ 91,674 $ (8,939 ) ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (continued) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) Alliance One International, Inc. and Subsidiaries (in thousands) Note 14 - Segment Information (continued) Years Ended March 31, Analysis of Segment Assets 2017 2016 2015 Segment assets: North America $ 375,782 $ 338,834 $ 230,842 Other Regions 1,596,090 1,629,364 1,391,618 Total assets $ 1,971,872 $ 1,968,198 $ 1,622,460 Trade and other receivables, net North America $ 40,212 $ 48,229 $ 26,781 Other Regions 213,973 352,779 212,722 Total trade and other receivables, net $ 254,185 $ 401,008 $ 239,503 Goodwill: North America 2,794 2,794 2,794 Other Regions 13,669 13,669 — Total Goodwill $ 16,463 $ 16,463 $ 2,794 Equity in net assets of investee companies: North America $ — $ — $ — Other Regions 51,443 57,243 53,678 Total equity in net assets of investee companies $ 51,443 $ 57,243 $ 53,678 Depreciation and amortization: North America $ 7,543 $ 6,432 $ 5,618 Other Regions 26,933 21,929 24,005 Total depreciation and amortization $ 34,476 $ 28,361 $ 29,623 Capital expenditures: North America $ 3,638 $ 7,516 $ 10,044 Other Regions 9,099 10,270 12,629 Total capital expenditures $ 12,737 $ 17,786 $ 22,673 Geographic information as to sales and other operating revenues is based on the destination of the product shipped. The Belgium destination represents a customer owned storage and distribution center from which the tobacco will be shipped on to manufacturing facilities. Years Ended March 31, Sales by Destination 2017 2016 2015 Sales and Other Operating Revenues: United States $ 272,161 $ 311,634 $ 363,964 China 230,226 209,781 254,658 Belgium 115,632 132,817 137,513 Germany 88,650 110,318 116,713 Russia 87,461 116,941 118,233 Indonesia 75,346 82,867 58,609 Other 845,274 940,234 1,017,175 $ 1,714,750 $ 1,904,592 $2,066,865 Sales and Other Operating Revenues to Major Customers Including their respective affiliates, accounting for more than 10 % of total sales and other operating revenues were each of Philip Morris International Inc. and China Tobacco International Inc. for the years ended March 31, 2017 , 2016 and 2015 . ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (continued) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) Alliance One International, Inc. and Subsidiaries (in thousands) Note 14 - Segment Information (continued) Years Ended March 31, Property, Plant and Equipment by Location 2017 2016 2015 Property, Plant and Equipment, Net: Brazil $ 77,653 $ 82,307 $ 87,161 United States 56,028 59,713 57,861 Zimbabwe 48,738 51,295 — Malawi 22,299 24,609 25,704 Tanzania 20,997 22,831 23,610 Argentina 6,580 6,914 7,390 Asia 6,130 6,447 6,960 Europe 5,467 6,895 15,191 Zambia 3,877 4,366 6,582 Turkey 2,654 2,955 3,454 Other 6,088 9,193 4,001 $ 256,511 $ 277,525 $ 237,914

Foreign Currency Translation

Foreign Currency Translation	12 Months Ended
	Mar. 31, 2017
Foreign Currency Translation [Abstract]
Foreign Currency Translation	Foreign Currency Translation The financial statements of foreign entities included in the consolidated financial statements have been translated to U.S. dollars in accordance with generally accepted accounting principles. The financial statements of foreign subsidiaries, for which the local currency is the functional currency, are translated into U.S. dollars using exchange rates in effect at period end for assets and liabilities and average exchange rates during each reporting period for results of operations. Adjustments resulting from translation of financial statements are reflected as a separate component of other comprehensive income. The financial statements of foreign subsidiaries, for which the U.S. dollar is the functional currency and which have certain transactions denominated in a local currency, are remeasured into U.S. dollars. The remeasurement of local currencies into U.S. dollars creates remeasurement adjustments that are included in net income. Exchange (gains) losses in 2017, 2016 and 2015 were $(11,816) , $6,498 and $8,274 , respectively, and are included in the respective statements of income in cost of sales and income taxes.

Contingencies and Other Informa

Contingencies and Other Information	12 Months Ended
	Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Contingencies and Other Information	Contingencies and Other Information Non-Income Tax The government in the Brazilian State of Parana (“Parana”) issued a tax assessment on October 26, 2007 with respect to local intrastate trade tax credits that result primarily from tobacco transferred between states within Brazil. The assessment for intrastate trade tax credits taken is $4,158 and the total assessment including penalties and interest at March 31, 2017 is $13,475 . The Company believes it has properly complied with Brazilian law and will contest any assessment through the judicial process. Should the Company lose in the judicial process, the loss of the intrastate trade tax credits would have a material impact on the financial statements of the Company. The Company also has local intrastate trade tax credits in the Brazil State of Rio Grande do Sul and the State of Santa Catarina. These jurisdictions permit the sale or transfer of excess credits to third parties, however approval must be obtained from the tax authorities. The Company has agreements with the state governments regarding the amounts and timing of credits that can be sold. The tax credits have a carrying value of $2,393 . The intrastate trade tax credits are monitored for impairment in future periods based on market conditions and the Company’s ability to use or sell the tax credits. In 1969, the Brazilian government created a tax credit program that allowed companies to earn IPI tax credits (“IPI credits”) based on the value of their exports. The government began to phase out this program in 1979, which resulted in numerous lawsuits between taxpayers and the Brazilian government. The Company has a long legal history with respect to credits it earned while the IPI credit program was in effect. In 2001, the Company won a claim related to certain IPI credits it earned between 1983 and 1990. The Brazilian government appealed this decision and numerous rulings and appeals were rendered on behalf of both the government and the Company from 2001 through 2013. Because of this favorable ruling, the Company began to use these earned IPI credits to offset federal taxes in 2004 and 2005, until it received a Judicial Order to suspend the IPI offsetting in 2005. The value of the federal taxes offset in 2004 and 2005 was $24,142 and the Company established a reserve on these credits at the time of offsetting as they were not yet realizable due to the legal uncertainty that existed. Specifically, the Company extinguished other federal tax liabilities using IPI credits and recorded a liability in Pension, Postretirement and Other Long-Term Liabilities to reflect that the credits were not realizable at that time due to the prevalent legal uncertainty. On March 7, 2013, the Brazilian Supreme Court rendered a final decision in favor of the Company that recognized the validity of the IPI credits and secured the Company's right to benefit from the IPI credits earned from March 1983 to October 1990. This final decision expressly stated the Company has the right to the IPI credits. The Company estimates the total amount of the IPI credits to be approximately $94,316 at March 31, 2013. Since the March 2013 ruling definitively (without the government's ability to appeal) granted the Company the ownership of the IPI credits generated between 1983 and 1990, the Company believes the amount of IPI credits that were used to offset other federal taxes in 2004 and 2005 are realizable beyond a reasonable doubt. Accordingly, at March 31, 2013, the Company recorded the $24,142 IPI credits it realized in the Statements of Consolidated Operations in Other Income. No further benefit has been recognized pending the outcome of the judicial procedure to ascertain the final amount as those amounts have not yet been realized. Other Mindo, S.r.l., the purchaser in 2004 of the Company's Italian subsidiary Dimon Italia, S.r.l., asserted claims against a subsidiary of the Company arising out of that sale transaction in an action filed before the Court of Rome on April 12, 2007. The claim involved a guaranty letter issued by a consolidated subsidiary of the Company in connection with the sale transaction, and sought the recovery of € 7,400 plus interest and costs. On November 11, 2013, the court issued its judgment in favor of the Company’s subsidiary, rejecting the claims asserted by Mindo, S.r.l., and awarding the Company’s subsidiary legal costs of € 48 . On December 23, 2014, Mindo, S.r.l. appealed the judgment of the Court of Rome to the Court of Appeal of Rome. A hearing before the Court of Appeal of Rome was held on June 12, 2015, which was adjourned pending a further hearing set for February 2018. The outcome of, and timing of a decision on, the appeal are uncertain. In addition to the above-mentioned matter, certain of the Company’s subsidiaries are involved in other litigation or legal matters incidental to their business activities, including tax matters. While the outcome of these matters cannot be predicted with certainty, the Company is vigorously defending them and does not currently expect that any of them will have a material adverse effect on its business or financial position. However, should one or more of these matters be resolved in a manner adverse to its current expectation, the effect on the Company’s results of operations for a particular fiscal reporting period could be material. In accordance with generally accepted accounting principles, the Company records all known asset retirement obligations (“ARO”) for which the liability can be reasonably estimated. Currently, it has identified an ARO associated with one of its facilities that requires it to restore the land to its initial condition upon vacating the facility. The Company has not recognized a liability under generally accepted accounting principles for this ARO because the fair value of restoring the land at this site cannot be reasonably estimated since the settlement date is unknown at this time. The settlement date is unknown because the land restoration is not required until title is returned to the government, and the Company has no current or future plans to return the title. The Company will recognize a liability in the period in which sufficient information is available to reasonably estimate its fair value.

Sale of Receivables

Sale of Receivables	12 Months Ended
	Mar. 31, 2017
Disclosure of Securitized or Asset-backed Financing Arrangement Assets and Other Financial Assets Managed Together [Abstract]
Sale of Receivables	Sale of Receivables During the year ended March 31, 2017 , the Company sold trade receivables to unaffiliated financial institutions under two accounts receivable securitization programs. Under the first program, the Company continuously sells a designated pool of trade receivables to a special purpose entity, which in turn sells 100% of the receivables to an unaffiliated financial institution. This program allows the Company to receive a cash payment and a deferred purchase price receivable for sold receivables. Following the sale and transfer of the receivables to the special purpose entity, the receivables are isolated from the Company and its affiliates, and upon the sale and transfer of the receivables from the special purpose entity to the unaffiliated financial institutions effective control of the receivables is passed to the unaffiliated financial institution, which has all rights, including the right to pledge or sell the receivables. The investment limit is $100,000 . On May 31, 2017, the investment limit was increased to $155,000 . See Note 20 "Subsequent Events" to the "Notes to Consolidated Financial Statements" for further information. The Company incurred program costs of $1,468 and $1,580 during the years ending March 31, 2017 and 2016 which were included in Other Income (Expense) in the Statements of Consolidated Operations. The program requires a minimum level of deferred purchase price to be retained by the Company in connection with the sales. The Company continues to service, administer and collect the receivables on behalf of the special purpose entity and receives a servicing fee of 0.5% of serviced receivables per annum. As the Company estimates the fee it receives in return for its obligation to service these receivables is at fair value, no servicing assets or liabilities are recognized. Servicing fees recognized were not material and are recorded as a reduction of Selling, General and Administrative Expenses within the Statements of Consolidated Operations. The agreement for the second securitization program allows the Company to receive a cash payment and a deferred purchase price receivable for sold receivables. This is an uncommitted program, whereby the Company offers receivables for sale to the respective unaffiliated financial institution which are then subject to acceptance by the unaffiliated financial institution. Following the sale and transfer of the receivables to the unaffiliated financial institution, the receivables are isolated from the Company and its affiliates, and effective control of the receivables is passed to the unaffiliated financial institution, which has all rights, including the right to pledge or sell the receivables. The Company receives no servicing fee from the unaffiliated financial institution and as a result, has established a servicing liability based upon unobservable inputs, primarily discounted cash flow. The investment limit under the second agreement is $110,000 Under the programs, all of the receivables sold for cash are removed from the Consolidated Balance Sheets and the net cash proceeds received by the Company are included as cash provided by operating activities in the Statements of Consolidated Cash Flows. A portion of the purchase price for the receivables is paid by the unaffiliated financial institutions in cash and the balance is a deferred purchase price receivable, which is paid as payments on the receivables are collected from account debtors. The deferred purchase price receivable represents a continuing involvement and a beneficial interest in the transferred financial assets and is recognized at fair value as part of the sale transaction. The deferred purchase price receivables are included in Trade and Other Receivables, Net in the Consolidated Balance Sheets and are valued using unobservable inputs (i.e., level three inputs), primarily discounted cash flow. As servicer of these facilities, the Company may receive funds that are due to the unaffiliated financial institutions which are net settled on the next settlement date. As of March 31, 2017 and 2016, Trade and Other Receivables, Net in the Consolidated Balance Sheets has been reduced by $ 11,985 and $9,113 as a result of the net settlement. See Note 18 "Fair Value Measurements" to the "Notes to Consolidated Financial Statements" for further information. The difference between the carrying amount of the receivables sold under these programs and the sum of the cash and fair value of the other assets received at the time of transfer is recognized as a loss on sale of the related receivables and recorded in Other Income (Expense) in the Statements of Consolidated Operations. The following table summarizes the Company’s accounts receivable securitization information as of March 31 : 2017 2016 Receivables outstanding in facility as of March 31: $ 200,084 $ 188,764 Beneficial interest as of March 31 $ 38,206 $ 40,368 Servicing Liability as of March 31 $ 101 $ 58 Cash proceeds for the twelve months ended March 31: Cash purchase price $ 648,730 $ 585,648 Deferred purchase price 231,658 233,753 Service fees 492 553 Total $ 880,880 $ 819,954

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Mar. 31, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. A three-level valuation hierarchy based upon observable and non-observable inputs is utilized. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company's market assumptions. Preference is given to observable inputs. These two types of inputs create the following fair value hierarchy: • Level 1 - Quoted prices for identical assets or liabilities in active markets. • Level 2 - Quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. • Level 3 - Significant inputs to the valuation model are unobservable. The Company's financial assets and liabilities measured at fair value include derivative instruments, securitized beneficial interests and guarantees. The application of the fair value guidance to our non-financial assets and liabilities primarily includes assessments of investments in subsidiaries, goodwill and other intangible assets and long-lived assets for potential impairment. Following are descriptions of the valuation methodologies the Company uses to measure different assets or liabilities at fair value. Debt The fair value of debt is measured for purpose of disclosure. Debt is shown at historical value in the Consolidated Balance Sheets. When possible, to measure the fair value of its debt the Company uses quoted market prices of its own debt with approximately the same remaining maturities. When this is not possible, the fair value of debt is calculated using discounted cash flow models with interest rates based upon market based expectations, the Company's credit risk and the contractual terms of the debt instrument. The Company has portions of its debt with maturities of one year or less for which book value is a reasonable approximation of the fair value of this debt. The fair value of debt is considered to fall within Level 2 of the fair value hierarchy as significant value drivers such as interest rates are readily observable. The carrying value and estimated fair value of the Company's Long-Term Debt are shown in the table below. March 31, 2017 2016 Carrying value $ 953,006 $ 920,444 Estimated fair value 867,825 753,038 Derivative financial instruments The Company's derivatives consist of foreign currency contracts. The fair value of the derivatives are determined using a discounted cash flow analysis on the expected future cash flows of each derivative. This analysis utilizes observable market data including forward yield curves and implied volatilities to determine the market's expectation of the future cash flows of the variable component. The fixed and variable components of the derivative are then discounted using calculated discount factors developed based on the LIBOR swap rate and are netted to arrive at a single valuation for the period. The Company also incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the respective counterparty's nonperformance risk in the fair value measurements. As of March 31, 2017 and March 31, 2016 the inputs used to value the Company's derivatives fall within Level 2 of the fair value hierarchy. However, credit valuation adjustments associated with its derivatives could utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by itself and its counterparties. Should the use of such credit valuation adjustment estimates result in a significant impact on the overall valuation, this would require reclassification to Level 3. ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (continued) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) Alliance One International, Inc. and Subsidiaries (in thousands) Note 18 – Fair Value Measurements ( continued) Securitized beneficial interests The fair value of securitized beneficial interests is based upon a valuation model that calculates the present value of future expected cash flows using key assumptions for payment speeds and discount rates. The assumptions for payment speed are based on the Company's historical experience. The discount rates are based upon market trends and anticipated performance relative to the particular assets securitized which have been assumed to be commercial paper rate plus a margin or LIBOR plus a margin. Due to the use of the Company's own assumptions which are not observable, and the uniqueness of these transactions, securitized beneficial interests fall within Level 3 of the fair value hierarchy. Since the discount rate and the payment speed are components of the same equation, a change in either by 10% or 20% would change the value of the recorded beneficial interest at March 31, 2017 by $207 and $413 , respectively. Guarantees The Company guarantees funds issued to tobacco suppliers by third party lending institutions and also guarantees funds borrowed by a deconsolidated subsidiary. The fair value of guarantees is based upon either the premium the Company would require to issue the same inputs or historical loss rates and as such these guarantees fall into Level 3 of the fair value hierarchy. Tobacco Supplier Guarantees - The Company provides guarantees to third parties for indebtedness of certain tobacco suppliers to finance their crops. The fair value of these guarantees is the greater of using a discounted cash flow based on rates with and without the guarantees or applying historical loss rates generated from guaranteed and non-guaranteed tobacco supplier loans. Should the loss rates change 10% or 20% , the fair value of the guarantee at March 31, 2017 would change by $983 or $1,946 , respectively. Input Hierarchy of Items Measured at Fair Value on a Recurring Basis The following tables present the Company’s assets and liabilities measured at fair value on a recurring basis: March 31, 2017 March 31, 2016 Level 2 Level 3 Total Assets / Level 2 Level 3 Total Assets / Assets Derivative financial instruments $ 943 $ — $ 943 $ — $ — $ — Securitized beneficial interests — 38,206 38,206 — 40,368 40,368 Total Assets $ 943 $ 38,206 $ 39,149 $ — $ 40,368 $ 40,368 Liabilities Guarantees $ — $ 7,126 $ 7,126 $ — $ 7,350 $ 7,350 Derivative financial instruments — — — — — — Total Liabilities $ — $ 7,126 $ 7,126 $ — $ 7,350 $ 7,350 ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (continued) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) Alliance One International, Inc. and Subsidiaries (in thousands) Note 18 – Fair Value Measurements ( continued) Reconciliation of Change in Recurring Level 3 Balances The following tables present the changes in Level 3 instruments measured on a recurring basis. Securitized Beneficial Interests Guarantees Beginning Balance March 31, 2015 $ 40,712 $ 8,650 Sales of receivables/issuance of guarantees 249,326 11,327 Settlements (246,009 ) (11,719 ) Losses recognized in earnings (3,661 ) (908 ) Ending Balance at March 31, 2016 40,368 7,350 Sales of receivables/issuance of guarantees 229,580 7,478 Settlements (227,495 ) (5,921 ) Losses recognized in earnings (4,247 ) (1,781 ) Ending Balance at March 31, 2017 $ 38,206 $ 7,126 The amount of total losses included in earnings for the years ended March 31, 2017 and 2016 attributable to the change in unrealized losses relating to assets still held at the respective dates was $1,722 and $1,521 on securitized beneficial interests. Gains and losses included in earnings are reported in Other Income. Information About Fair Value Measurements Using Significant Unobservable Inputs The following table summarizes significant unobservable inputs and the valuation techniques thereof for the periods ended March 31, 2017 and 2016: Fair value at March 31, 2017 Valuation Technique Unobservable Input Range (Weighted Average) Securitized Beneficial Interests Discount Rate 2.9% to 4.37% $ 38,206 Discounted Cash Flow Payment Speed 46 days to 101 days Tobacco Supplier Guarantees 2,850 Historical Loss Historical Loss 10.0% to 16.0% 4,276 Discounted Cash Flow Market Interest Rate 16.5% to 38.0% Fair value at March 31, 2016 Valuation Technique Unobservable Input Range (Weighted Average) Securitized Beneficial Interests $ 40,368 Discounted Cash Flow Discount Rate 3.17% to 3.77% Payment Speed 94.7 to 116.0 days Tobacco Supplier Guarantees 3,278 Historical Loss Historical Loss 5.0% to 15.9% 4,072 Discounted Cash Flow Market Interest Rate 15.8% to 22.0%

Selected Quarterly Financial Da

Selected Quarterly Financial Data (Unaudited)	12 Months Ended
	Mar. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Selected Quarterly Financial Data (Unaudited)	Selected Quarterly Financial Data (Unaudited) Summarized quarterly financial information is as follows: First Quarter Second Quarter Third Quarter Fourth Quarter Fiscal Year Year Ended March 31, 2017 Sales and other operating revenue $ 261,101 $ 389,423 $ 454,535 $ 609,691 $ 1,714,750 Gross profit 34,051 50,281 65,152 67,545 217,029 Other income (expense) (481 ) 2,104 2,688 585 4,896 Restructuring 41 577 450 307 1,375 Net income (loss) (31,539 ) (15,613 ) (15,595 ) (524 ) (63,271 ) Net earnings (loss) attributable to (34 ) 44 (138 ) (215 ) (343 ) Net income (loss) attributable to (31,505 ) (15,657 ) (15,457 ) (309 ) (62,928 ) Per Share of Common Stock: Basic earnings (loss) attributable to (3.54 ) (1.75 ) (1.73 ) (0.03 ) (7.05 ) Diluted earnings (loss) attributable to (3.54 ) (1.75 ) (1.73 ) (0.03 ) (7.05 ) Market Price - High 27.23 22.69 19.81 19.50 27.23 - Low 14.40 15.35 13.75 12.30 12.30 Year Ended March 31, 2016 Sales and other operating revenue $ 266,282 $ 414,853 $ 491,139 $ 732,318 $ 1,904,592 Gross profit 29,398 54,874 68,738 72,784 225,794 Other income (expense) 560 (1,029 ) 594 105,302 105,427 Restructuring 2,948 (386 ) 1,525 1,801 5,888 Net income (loss) (25,957 ) (21,123 ) 11,685 100,840 65,445 Net earnings (loss) attributable to (7 ) (58 ) (50 ) 28 (87 ) Net income (loss) attributable to (25,950 ) (21,065 ) 11,735 100,812 65,532 Per Share of Common Stock: Basic earnings (loss) attributable to (2.93 ) (2.37 ) 1.32 11.33 7.38 Diluted earnings (loss) attributable to (2.93 ) (2.37 ) 1.32 11.33 7.38 Market Price - High 25.40 26.47 21.03 17.94 26.47 - Low 10.80 18.79 10.35 8.33 8.33 (1) Does not add due to quarterly change in average shares outstanding. Fourth Quarter 2016 - As of March 31, 2016, the Company determined that the significant doubt about the Company's ability to control MTC was eliminated and recorded a gain of $106,203 upon reconsolidation.

Subsequent Events

Subsequent Events	12 Months Ended
	Mar. 31, 2017
Subsequent Events [Abstract]
Subsequent Event	Subsequent Events Debt Repurchase In April 2017, the Company purchased $28,645 of its existing $691,591 Second Lien Notes on the open market. All purchased securities were canceled leaving $662,946 of the Second Lien Notes outstanding. Associated costs paid were $72 and related discounts were $(3,730) resulting in net cash repayment of $24,915 . Accounts Receivable Securitization Programs On May 31, 2017, the Company amended one of its accounts receivable securitization programs. This amendment increased the facility amount from $100,000 to $155,000 ; replaced one unaffiliated financial institution with another; and changed the agent for the special purpose entity from one unaffiliated financial institution to another.

Reconsolidation of MTC

Reconsolidation of MTC	12 Months Ended
	Mar. 31, 2017
Business Combinations [Abstract]
Reconsolidation of MTC	Reconsolidation of MTC On March 31, 2016, the Company regained control over its wholly owned Zimbabwe subsidiary, Mashonaland Tobacco Company, LTD (“MTC”). The change in control was a result of the change in the political landscape in Zimbabwe and the recent issuance of clarifications to the indigenization laws within Zimbabwe that resulted in the elimination of significant doubt about the Company's ability to control MTC. The reconsolidation of MTC has been treated as a purchase business combination and as such, the fair value of the assets and liabilities has been recorded at their fair value. Since the Company already owned 100% of the equity interest, no consideration was transferred as part of the reconsolidation. The Company estimated the fair value of its equity interest in MTC at March 31, 2016 to be $94,395 based on a discounted cash flow model. The amount was then allocated to the fair value of the acquired assets and liabilities, which were recorded on the Consolidated Balance Sheet at March 31, 2016. The fair value of the recognized assets included a customer relationship intangible asset of $24,830 and goodwill of $13,669 . The effect of the reconsolidation under the purchase business combination guidance resulted in a gain of $106,203 which has been recorded and shown in “Other Income (Expense)” on the Statement of Consolidated Operations for the year ended March 31, 2016. The gain is the result of the fair value of the equity interest of $94,395 and the reversal of a deferred liability of $11,808 . ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (continued) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) Alliance One International, Inc. and Subsidiaries (in thousands) Note 21 - Reconsolidation of MTC (continued) The following table summarizes the fair values of the assets acquired and liabilities assumed as of March 31, 2016. thousands March 31, 2016 Cash and cash equivalents $ 10,277 Trade and other receivables, net 4,377 Net intercompany receivable (eliminated in consolidation) 100,423 Inventories 38,087 Other current assets 1,663 Property, plant and equipment 51,295 Goodwill and other intangible assets 38,499 Other noncurrent assets 288 Total assets acquired 244,909 Notes payable to banks (1) 130,600 Accounts payable 3,344 Other current liabilities 5,480 Deferred tax liabilities 11,090 Total liabilities 150,514 Fair value of equity interest $ 94,395 (1) Includes $130,600 of debt owed by MTC under a short-term credit facility in which one of the Company’s other subsidiaries, Intabex Netherlands BV (“Intabex”), has a participation interest in the lender’s rights and obligations under the facility. At March 31, 2016, $84,258 of that amount was attributed to outstanding borrowings by MTC funded under that facility by Intabex pursuant to that participation interest. Because Intabex’s funding is pursuant to a participation interest through a third-party lender and not a direct intercompany loan between Intabex and MTC, the total amount of debt under the facility is required to be reflected as consolidated debt upon the reconsolidation of MTC. As indicated in the above table, the goodwill and intangible asset balance relative to the reconsolidation of MTC is $38,499 within the “Other Regions” segment and is non-deductible for tax purposes. Included within this balance is goodwill attributable in part to the workforce of the acquired business and a finite-lived customer relationship intangible of $24,830 , which is being amortized over a useful life of fifteen years. Alliance One Selected Unaudited Pro Forma Combined Financial Information The unaudited pro forma information in the table below summarizes the combined results of the Company and MTC for the year ended March 31, 2016 as if the companies were combined as of April 1, 2014. The pro forma information is presented for informational purposes only and is not indicative of the results of operations that would have been achieved had the reconsolidation taken place at the beginning of each period or results of future periods. The following information has been adjusted for intercompany eliminations as required for consolidation accounting. Unaudited Proforma Twelve Months Ended March 31, thousands except per share data 2016 2015 Revenues $ 1,912,324 $ 2,077,732 Operating income 114,615 108,669 Net loss (31,409 ) (24,885 )

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Mar. 31, 2017
Valuation and Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Accounts	SCHEDULE II‑VALUATION AND QUALIFYING ACCOUNTS COL. A COL. B COL. C COL. D COL. E ADDITIONS (1) (2) DESCRIPTION (in thousands) Balance at Charged to Charged to Deductions Balance at Year Ended March 31, 2015 Deducted from asset accounts: Allowance for doubtful accounts $3,418 $12,456 $— $1,921 (A) $13,953 Valuation allowance on deferred tax assets $181,843 $(14,926) (C) $3,999 (B) $1,112 (A) $169,804 Year Ended March 31, 2016 Deducted from asset accounts: Allowance for doubtful accounts $13,953 $(169) $— $800 (A) $12,984 Valuation allowance on deferred tax assets $169,804 $(47,103) (C) $(3,370) (B) $813 (A) $118,518 Year Ended March 31, 2017 Deducted from asset accounts: Allowance for doubtful accounts $12,984 $(5,545) $— $449 (A) $6,990 Valuation allowance on deferred tax assets $118,518 $13,748 (C) $(595) (B) $(103) (A) $131,774 (A) Currency translation and direct write off. (B) Accumulated other comprehensive loss (C) Deferred tax on unremitted earnings of foreign subsidiaries

Significant Accounting Polici31

Significant Accounting Policies (Policies)	12 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accounts of the Company and its consolidated subsidiaries are included in the consolidated financial statements after elimination of intercompany accounts and transactions. The Company uses the cost or equity method of accounting for its investments in affiliates that are owned 50% or less and are not variable interest entities where the Company is the primary beneficiary. In fiscal 2006, the Company deconsolidated its Zimbabwe subsidiary, Mashonaland Tobacco Company LTD ("MTC") in accordance with accounting requirements that apply to foreign subsidiaries that are subject to foreign exchange controls and other government restrictions that casted significant doubt on the parent's ability to control the subsidiary. As of March 31, 2016, the Company determined that significant doubt about its ability to control MTC were eliminated due to changes in the political landscape and the recent issuance of clarifications to the indigenization laws within Zimbabwe. The recent issuance of clarifications to the indigenization law within Zimbabwe resulted in the Company's development and filing with the Zimbabwean government of a plan of compliance with the indigenization law on March 31, 2016, the date of reconsolidation of MTC. The reconsolidation was treated as a purchase business combination for accounting purposes, with the Company designated as the acquirer. As such, the Consolidated Balance Sheet includes 100% of the fair value of the assets and liabilities of MTC as of March 31, 2016. See Note 21 “Reconsolidation of MTC” to the “Notes to Consolidated Financial Statements” for further information. Beginning April 1, 2016, the financial results of MTC are included in the Statements of Consolidated Operations, Consolidated Balance Sheets and Statements of Consolidated Cash Flows. Prior to March 31, 2016, the Company accounted for its investment in MTC on the cost method and had been reporting it in Investments in Unconsolidated Affiliates in the Consolidated Balance Sheets since March 31, 2006 and had written its investment in MTC down to zero in fiscal 2007.
Investments in Unconsolidated Affiliates	Investments in Unconsolidated Affiliates The Company’s equity method investments and its cost method investments are non-marketable securities. The Company reviews such investments for impairment whenever events or changes in circumstances indicate that the carrying amount of an investment may not be recovered. For example, the Company would test such an investment for impairment if the investee were to lose a significant customer, suffer a large reduction in sales margins, experience a major change in its business environment, or undergo any other significant change in its normal business. In assessing the recoverability of equity or cost method investments, the Company uses discounted cash flow models. If the fair value of an equity investee is determined to be lower than its carrying value, an impairment loss is recognized. The preparation of discounted future cash flow analysis requires significant management judgment with respect to future operating earnings growth rates and the selection of an appropriate discount rate. The use of different assumptions could increase or decrease estimated future operating cash flows, and the discounted value of those cash flows, and therefore could increase or decrease any impairment charge.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities. They also affect the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates, and changes in these estimates are recorded when known. Estimates are used in accounting for, among other things, pension and postretirement health care benefits, inventory market values, allowances for doubtful accounts and advances, bank loan guarantees to suppliers and unconsolidated subsidiaries, useful lives for depreciation and amortization, future cash flows associated with impairment testing for long-lived assets, deferred tax assets and uncertain income tax positions, intrastate tax credits in Brazil and fair value determinations of financial assets and liabilities including derivatives, securitized beneficial interests and counterparty risk. Changes in market and economic conditions, local tax laws, and other related factors are considered each reporting period, and adjustments to the accounts are made based on the Company’s best judgment.
Revenue Recognition	Revenue Recognition The Company recognizes revenue from the sale of tobacco when persuasive evidence of an arrangement exists, the price to the customer is fixed or determinable, collectibility is reasonably assured and title and risk of ownership is passed to the customer, which is upon shipment or delivery. The Company requires that all customer-specific acceptance provisions be met at the time title and risk of ownership passes to the customer. Furthermore, the Company’s sales history indicates customer returns and rejections are not significant. The Company also processes tobacco owned by its customers and revenue is recognized based on contractual terms as the service is provided. The revenue and cost associated with processing is recorded gross in the Statements of Consolidated Operations. The Company’s history indicates customer requirements for processed tobacco are met upon completion of processing. In addition, advances from customers are deferred and recognized as revenue upon shipment or delivery.
Taxes Collected from Customers	Taxes Collected from Customers Certain subsidiaries are subject to value added taxes on local sales.
Shipping and Handling	Shipping and Handling Shipping and handling costs are included in cost of goods and services sold in the statement of operations.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash equivalents are defined as temporary investments of cash with original maturities of less than 90 days.
Trade Receivables, Net	Trade Receivables, Net Trade receivables are amounts owed to the Company from its customers. Trade receivables are recorded at invoiced amounts and primarily have net 30 -day terms. The Company extends credit to its customers based on an evaluation of a company’s financial condition and collateral is generally not required. The Company maintains an allowance for doubtful accounts for estimated uncollectible accounts receivable. The allowance is based on the Company’s assessment of known delinquent accounts, other currently available evidence of collectability and the aging of accounts receivable.
Other Deferred Charges	Other Deferred Charges Other deferred charges are primarily deferred financing costs that are amortized over the life of long-term debt.
Sale of Accounts Receivable	Sale of Accounts Receivable The Company is currently engaged in two revolving trade accounts receivable securitization arrangements to sell receivables. The Company records the transaction as a sale of receivables, removes such receivables from its financial statements and records a receivable for the beneficial interest in such receivables. The losses on the sale of receivables are recognized in Other Income (Expense).
Inventories	Inventories Costs in inventory include processed tobacco inventory, unprocessed tobacco inventory and other inventory. Costs of unprocessed tobacco inventories are determined by the average cost method, which include the cost of green tobacco. Costs of processed tobacco inventories are determined by the average cost method, which include both the cost of unprocessed tobacco, as well as direct and indirect costs that are related to the processing of the product. Costs of other non-tobacco inventory are determined by the first-in, first-out method, which include costs of packing materials, non-tobacco agricultural products and agricultural supplies including seed, fertilizer, herbicides and pesticides. Inventories are carried at the lower of cost or market (“LCM”). The Company evaluates its inventories for LCM adjustments by country and type of inventory. Therefore, processed tobacco and unprocessed tobacco are evaluated separately for LCM purposes. The Company compares the cost of its processed tobacco to market values based on recent sales of similar grades when evaluating those balances for LCM adjustments. The Company also considers whether its processed tobacco is committed to a customer, whereby the expected sales price would be utilized in determining the market value for committed tobacco. The Company also reviews data on market conditions in performing its LCM evaluation for unprocessed tobacco. See Note 2 “Inventories” to the “Notes to Consolidated Financial Statements” for further information.
Advances to Tobacco Suppliers	Advances to Tobacco Suppliers The Company purchases seeds, fertilizer, pesticides and other products related to growing tobacco and advances them to suppliers, which represents prepaid inventory and is recorded as advances to tobacco suppliers. The advances of current crop inputs generally include the original cost of the inputs plus a mark-up and interest as it is earned. Where contractually permitted, the Company charges interest to the suppliers during the period the current crop advance is outstanding. The Company generally advances the inputs at a price that is greater than its cost, which results in a mark-up on the inputs. The suppliers then utilize these inputs to grow tobacco, which the Company is contractually obligated to purchase. Upon delivery of tobacco, part of the purchase price to the supplier is paid in cash and part through a reduction of the advance balance. The advances applied to the delivery are reclassified out of advances and into unprocessed inventory. Advances to tobacco suppliers are accounted for utilizing a cost accumulation methodology. The Company has current and noncurrent advances to tobacco suppliers. The current advances represent the cost of the seeds, fertilizer and other materials that are advanced for the current crop of inventory. The noncurrent advances generally represent the cost of advances to suppliers for infrastructure, such as curing barns, which is also recovered through the delivery of tobacco to the Company by the suppliers. As a result of various factors in a given crop year (weather, etc.) not all suppliers are able to settle the entire amount of advances that are due that year. In these situations, the Company may allow the suppliers to deliver tobacco over future crop years to recover its advances. The advance balances that are deferred over future crop years are also classified as noncurrent. Advances to tobacco suppliers are carried at cost and evaluated for recoverability. The realizability evaluation process is similar to that of the LCM evaluation process for inventories. The Company evaluates its advances for recoverability by crop and country. The Company reclasses the advance to inventory at the time suppliers deliver tobacco. The purchase price for the tobacco delivered by the suppliers is based on market prices. Two primary factors determine the market value of the tobacco suppliers ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (continued) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ( continued) Alliance One International, Inc. and Subsidiaries (in thousands) Note 1 - Significant Accounting Policies (continued) Advances to Tobacco Suppliers (continued) deliver: the quantity of tobacco delivered and the quality of the tobacco delivered. Therefore, the Company ensures its advances are appropriately stated at the lower of cost or estimated recoverable amounts. Upon delivery of tobacco, part of the purchase price to the supplier is paid in cash and part through a reduction of the advance balance. If a sufficient value of tobacco is not delivered to allow the reduction of the entire advance balance, then the Company first determines how much of the deficiency for the current crop is recoverable through future crops. This determination is made by analyzing the suppliers’ ability-to-deliver a sufficient supply of tobacco. This analysis includes historical quantity and quality of production with monitoring of crop information provided by field service technicians related to flood, drought and disease. The remaining recoverable advance balance would then be classified as noncurrent. Any increase in the estimate of unrecoverable advances associated with the noncurrent portion is charged to cost of goods and services sold in the income statement when determined. Amounts not expected to be recovered through current or future crops are then evaluated to determine whether the yield is considered to be normal or abnormal. If the yield adjustment is normal, then the Company capitalizes the applicable variance in the current crop of inventory. If the yield adjustment is considered abnormal, then the Company immediately charges the applicable variance to cost of goods and services sold in the income statement. A normal yield adjustment is based on the range of unrecoverability for the previous three years by country. The Company accounts for its advances to tobacco suppliers using a cost accumulation model, which results in the reporting of its advances at the lower of cost or recoverable amounts exclusive of the mark-up and interest. The mark-up and interest on its advances are recognized upon delivery of tobacco as a decrease in the cost of the current crop. The mark-up and interest capitalized or to be capitalized into inventory for the current crop was $16,919 and $14,208 as of March 31, 2017 and 2016 , respectively. Unrecoverable advances and other costs capitalized or to be capitalized into the current crop was $9,125 and $8,535 at March 31, 2017 and 2016 , respectively. The following table reflects the classification of advances to tobacco suppliers: March 31, 2017 March 31, 2016 Current $ 54,713 $ 41,837 Noncurrent 5,855 2,612 $ 60,568 $ 44,449 Noncurrent advances to tobacco suppliers are recorded in Other Noncurrent Assets in the Consolidated Balance Sheets. Unrecovered amounts expensed directly to cost of goods and services sold in the income statement for abnormal yield adjustments or unrecovered amounts from prior crops were $1,085 for the year ended March 31, 2015 . There were no such abnormal yield adjustments or unrecovered amounts for the years ended March 31, 2017 and 2016 . Normal yield adjustments are capitalized into the cost of the current crop and are expensed as cost of goods and services sold as that crop is sold.
Guarantees	Guarantees The Company and certain of its foreign subsidiaries guarantee bank loans to suppliers to finance their crops. Under longer-term arrangements, the Company may also guarantee financing on suppliers’ construction of curing barns or other tobacco production assets. Guaranteed loans are generally repaid concurrent with the delivery of tobacco to the Company. The Company is obligated to repay any guaranteed loan should the supplier default. If default occurs, the Company has recourse against the supplier. The Company also guarantees bank loans of certain unconsolidated subsidiaries in Asia and Brazil. The following table summarizes amounts guaranteed and the fair value of those guarantees: March 31, 2017 March 31, 2016 Amounts guaranteed (not to exceed) $ 194,656 $ 210,703 Amounts outstanding under guarantees 106,465 107,615 Fair value of guarantees 7,126 7,350 Of the guarantees outstanding at March 31, 2017 , all expire within one year. The fair value of guarantees is recorded in Accrued Expenses and Other Current Liabilities in the Consolidated Balance Sheets and included in crop costs except for the joint venture in Brazil which are included in Accounts Receivable, Related Parties. See Note 18 "Fair Value Measurements" to the "Notes to Consolidated Financial Statements" for further information. ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (continued) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ( continued) Alliance One International, Inc. and Subsidiaries (in thousands) Note 1 - Significant Accounting Policies (continued) Guarantees (continued) In Brazil, some suppliers obtain government subsidized rural credit financing from local banks that is guaranteed by the Company. The Company withholds amounts owed to suppliers related to the rural credit financing of the supplier upon delivery of tobacco to the Company. The Company remits payments to the local banks on behalf of the guaranteed suppliers. Terms of rural credit financing are such that repayment is due to local banks based on contractual due dates.
Goodwill and Other Intangibles	Goodwill and Other Intangibles Goodwill represents the excess of purchase price over fair value of net assets acquired, and is allocated to the appropriate reporting unit when acquired. Reporting units may be operating segments as a whole or an operation one level below an operating segment, referred to as a component. The components within the Company’s operating segments were aggregated into three reporting units (North America, Africa and Other Regions) due to their similar economic characteristics. Goodwill is not amortized; rather it is evaluated for impairment annually or whenever events or changes in circumstances indicate that the value of the asset may be impaired. Goodwill is evaluated for impairment by determining the fair value of the related reporting unit. Fair value is measured based on a discounted cash flow method or relative market-based approach. If the carrying amount of goodwill exceeds its fair value, an impairment charge is recorded. The Company has no intangible assets with indefinite useful lives. It does have other intangible assets, production and supply contracts and a customer relationship intangible asset as well as internally developed software that is capitalized into intangibles. These intangible assets are stated at amortized cost and tested for impairment whenever factors indicate the carrying amount may not be recoverable. Supply contracts are amortized based on the expected realization of the benefit over the term of the contracts ranging from 3 to 5 years. Production contracts and the customer relationship intangible are both amortized on a straight-line basis ranging from five to ten years and twenty years, respectively. The amortization period is the term of the contract or, if no term is specified in the contract, management’s best estimate of the useful life based on past experience. Internally developed software is amortized on a straight-line basis over five years once the software testing is complete. Events and changes in circumstance may either result in a revision in the estimated useful life or impairment of an intangible. See Note 5 “Goodwill and Other Intangibles” to the “Notes to Consolidated Financial Statements” for further information.
Property, Plant and Equipment	Property, plant and equipment is stated at cost less accumulated depreciation. Provisions for depreciation are computed on a straight-line basis at annual rates calculated to amortize the cost of depreciable properties over their estimated useful lives. Buildings and machinery and equipment are depreciated over ranges of 20 to 30 years and 3 to 10 years, respectively. The consolidated financial statements do not include fully depreciated assets. Depreciation expense recorded in Cost of Goods and Services Sold for the years ended March 31, 2017 , 2016 and 2015 was $27,730 , $23,132 and $24,179 , respectively. Depreciation expense recorded in Selling, General and Administrative Expense for the years ended March 31, 2017 , 2016 and 2015 was $2,662 , $2,699 and $2,998 , respectively. Total property and equipment purchases, including internally developed software intangibles, were $12,737 for the ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (continued) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) Alliance One International, Inc. and Subsidiaries (in thousands) Note 1 - Significant Accounting Policies (continued) Property, Plant and Equipment (continued) year ended March 31, 2017 of which $413 was unpaid at March 31, 2017 and included in Accounts Payable; $17,786 for the year ended March 31, 2016 of which $1,359 was unpaid at March 31, 2016 and included in Accounts Payable; and $22,673 for the year ended March 31, 2015 of which $1,024 was unpaid at March 31, 2015 and included in Accounts Payable. Estimated useful lives are periodically reviewed and changes are made to the estimated useful lives when necessary. Long-lived assets are reviewed for indicators of impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. The evaluation is performed at the lowest level of identifiable cash flows. An impairment loss would be recognized when estimated undiscounted future cash flows from the use of the asset and its eventual disposition are less than its carrying amount. Measurement of an impairment loss would be based on the excess of the carrying amount of the asset over its fair value. Fair value is the amount at which the asset could be bought or sold in a current transaction between willing parties and may be estimated using a number of techniques, including quoted market prices or valuations, present value techniques based on estimates of cash flows, or multiples of earnings or revenue performance measures
Derivative Financial Instruments	Derivative Financial Instruments The Company uses forward or option currency contracts to protect against volatility associated with certain non-U.S. dollar denominated forecasted transactions. These contracts are for green tobacco purchases, processing costs, and selling, general and administrative costs. Derivative financial instruments are recognized on the balance sheet as assets and liabilities and are measured at fair value. Changes in the fair value of derivative instruments designated as hedging instruments are recorded each period according to the determination of the derivative's effectiveness. The effective portion of changes in the fair value of derivatives designated as cash flow hedges is recorded in Accumulated Other Comprehensive Loss and subsequently reclassified into earnings in the period during which the hedged transaction is recognized in earnings. The ineffective portion of the change in fair value of the derivatives is recognized in Cost of Goods and Services Sold immediately as incurred.
Income Taxes	Income Taxes The Company uses the asset and liability method to account for income taxes. The objective of the asset and liability method is to establish deferred tax assets and liabilities for the temporary differences between the financial reporting basis and the income tax basis of the Company’s assets and liabilities at enacted tax rates expected to be in effect when such amounts are realized or settled. The Company’s annual tax rate is based on its income, statutory tax rates and tax planning opportunities available to it in the various jurisdictions in which it operates. Tax laws are complex and subject to different interpretations by the taxpayer and respective governmental taxing authorities. Significant judgment is required in determining tax expense and in evaluating tax positions, including evaluating uncertainties. The Company reviews its tax positions quarterly and adjusts the balances as new information becomes available. Deferred income tax assets represent amounts available to reduce income taxes payable on taxable income in future years. Such assets arise because of temporary differences between the financial reporting and tax bases of assets and liabilities, as well as from net operating loss and tax credit carryforwards. The Company evaluates the recoverability of these future tax deductions by assessing the adequacy of future expected taxable income from all sources, including reversal of taxable temporary differences, forecasted operating earnings and available tax planning strategies. These sources of income inherently rely on estimates. The Company uses historical experience and short and long-range business forecasts to provide insight. The Company believes it is more likely than not that a portion of the deferred income tax assets may expire unused and has established a valuation allowance against them. Although realization is not assured for the remaining deferred income tax assets, the Company believes it is more likely than not the deferred tax assets will be fully recoverable within the applicable statutory expiration periods. However, deferred tax assets could be reduced in the near term if estimates of taxable income are significantly reduced or available tax planning strategies are no longer viable. See Note 12 “Income Taxes” to the “Notes to Consolidated Financial Statements” for further information.
Stock-Based Compensation	Stock-Based Compensation The Company expenses the fair value of grants of various stock-based compensation programs at fair value over the vesting period of the awards. The fair value of stock options is estimated at the date of grant using the Black-Scholes-Merton option valuation model which was developed for use in estimating the fair value of exchange traded options that have no vesting restrictions and are fully transferable. Option valuation methods require the input of highly subjective assumptions, including the expected stock price volatility. See Note 11 “Stock-Based Compensation” to the “Notes to Consolidated Financial Statements” for further information.
Recent Adopted Accounting Pronouncements and Recent Accounting Pronouncements Not Yet Adopted	Recent Adopted Accounting Pronouncements In August 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2014-15 “Presentation of Financial Statement-Going Concern (Subtopic 205-40): Disclosure of uncertainties about and Entity’s ability to Continue as a Going Concern,” which requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern within one year of the date of the financial statements are issued and provide certain disclosures if conditions or events raise substantial doubt about the entity’s ability to continue as a going concern. This guidance is effective for the Company as of March 31, 2017 . Additional disclosures were added in Note 8 “Long-Term Debt” to the "Notes to Consolidated Financial Statements" as a result of the adoption of this guidance. In April 2015, the FASB issued ASU 2015-03 “Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs,” which changed the presentation of debt issuance costs in financial statements from an asset on the balance sheet to a direct deduction of the related debt liability. Amortization of debt issuance costs are reported as interest expense. The Company adopted this guidance as of April 1, 2016, on a retrospective basis. As a result of the adoption of this guidance, $9,875 was reclassified from Other Deferred Charges to Long-Term Debt on the consolidated balance sheets at March 31, 2016. In May 2015, the FASB issued ASU 2015-07 "Fair Value Measurement, Disclosures for Investments in Certain Entities that Calculate Net Asset Value per Share or its Equivalent,” which removes the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share practical expedient and eliminates certain disclosures for investments that are eligible to be measured at fair value using the net asset value per share practical expedient. The Company adopted this guidance as of March 31, 2017 . Additional disclosures were added in Note 13 "Employee Benefits" to the "Notes to Consolidated Financial Statements” as a result of the adoption of this guidance. Recent Accounting Pronouncements Not Yet Adopted In May 2014, the FASB issued ASU No. 2014-09 “Revenue Recognition (Topic 606), Revenue from Contracts with Customers”, which outlines a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. The guidance also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts. This guidance provides companies the option of applying a full or modified retrospective approach upon adoption and is effective for the Company April 1, 2018. An implementation group for this ASU has been established and is evaluating the impact this guidance will have on the consolidated financial statements and related disclosures, business processes, systems and controls. The Company is analyzing its current contracts and comparing its current accounting policies and practices pertaining to revenue recognition to those required under the new ASU to identify potential differences; however, any potential effect of adoption of this ASU has not yet been quantified. Additionally, the Company anticipates election of the full retrospective approach upon adoption. In July 2015, the FASB issued ASU 2015-11 “Inventory,” which simplifies the measurement of inventory and requires a single measurement of inventory at the lower of cost and net realizable value. Under the previous accounting guidance, an entity measured inventory at the lower of cost or market with market defined as one of three different measures. This guidance is effective for the Company April 1, 2017. The Company does not expect this new guidance to have a material impact on its consolidated financial statements and related disclosures. In January 2016, the FASB issued ASU 2016-01 “Financial Instruments - Recognition and Measurement of Financial Assets and Liabilities,” which requires equity investments (excluding equity method investments) to be measured at fair value with changes in fair value recognized in net income. This guidance is effective for the Company April 1, 2018. The Company does not expect this new guidance to have a material impact on its consolidated financial statements and related disclosures. ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (continued) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) Alliance One International, Inc. and Subsidiaries (in thousands) Note 1 - Significant Accounting Policies (continued) New Accounting Standards (continued) Recent Accounting Pronouncements Not Yet Adopted (continued) In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842),” which requires lessees to recognize the assets and liabilities arising from leases on the balance sheet. This guidance also requires disclosures about the amount, timing and uncertainty of cash flows arising from leases. The guidance must be adopted using a modified retrospective approach and is effective for the Company April 1, 2020. Early adoption is permitted. The Company is evaluating the effect that the adoption will have on its consolidated financial statements and related disclosures. In June 2016, the FASB issued ASU 2016-13 “Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” which provides financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. This guidance is effective for the Company April 1, 2020. The Company is evaluating the effect that the adoption will have on its consolidated financial statements and related disclosures. In August of 2016, the FASB issued ASU 2016-15 “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments,” which clarifies the classification of certain cash receipts and cash payments to reduce the diversity in practice on how these activities are presented on the statement of cash flows. This guidance is effective for the Company March 31, 2018. The Company is evaluating the effect that the adoption will have on its consolidated financial statements and related disclosures. In November of 2016, the FASB issued ASU 2016-18 “Statement of Cash Flows (Topic 230): Restricted Cash,” which clarifies the presentation of restricted cash on the statement of cash flows to reduce diversity in practice on how restricted cash is presented on the statement of cash flows. This guidance is effective for the Company April 1, 2018. The Company is evaluating the effect that the adoption will have on its consolidated financial statements and related disclosures. In January 2017, the FASB issued ASU 2017-04 “Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment,” which eliminates the requirement to determine implied goodwill in measuring an impairment loss. Upon adoption, goodwill impairment will be measured as the excess of the reporting unit’s carrying value over fair value, limited to the amount of goodwill. This guidance is effective for the Company April 1, 2020. Early adoption is permitted. The Company is evaluating the effect that the adoption will have on its consolidated financial statements and related disclosures. In March 31, 2017 , the FASB issued ASU 2017-07 “Compensation-Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost” to increase the consistency, transparency, and usefulness of financial information of retirement benefits by disaggregating the service cost component from the other components of net benefit cost. This guidance is effective for the Company April 1, 2019. Early adoption is permitted. The Company is currently evaluating the impact of this new guidance.
Computation of Earnings (Loss) Per Common Share	The weighted average number of common shares outstanding is reported as the weighted average of the total shares of common stock outstanding net of shares of common stock held by a wholly owned subsidiary. Shares of common stock owned by the subsidiary were 785 at March 31, 2017 and 2016. This subsidiary waives its right to receive dividends and it does not have the right to vote. Certain potentially dilutive options were not included in the computation of earnings per diluted share because their exercise prices were greater than the average market price of the shares of common stock during the period and their effect would be antidilutive. These shares totaled 458 at a weighted average exercise price of $61.00 per share at March 31, 2017 , 471 at a weighted average exercise price of $60.70 per share at March 31, 2016 and 661 at a weighted average exercise price of $60.37 per share at March 31, 2015. In connection with the offering of the Company’s 5.50% Convertible Senior Subordinated Notes due 2014, issued on July 2, 2009 (the “Convertible Notes”), the Company entered into privately negotiated convertible note hedge transactions (the “convertible note hedge transactions”) equal to the number of shares that underlie the Company’s Convertible Notes. These convertible note hedge transactions were designed to reduce the potential dilution of the Company’s common stock upon conversion of the Convertible Notes in the event that the value per share of common stock exceeds the initial conversion price of $50.28 per share. These shares were not included in the computation of earnings per diluted share because their inclusion would be antidilutive. The Convertible Notes matured during the second quarter of fiscal 2015.
Concentration of Credit Risk	Concentration of Credit Risk The Company may potentially be subject to a concentration of credit risks due to tobacco supplier advances and trade receivables relating to customers in the tobacco industry as well as cash which is deposited with high-credit-quality financial institutions. See Note 14 “Segment Information” to the “Notes to Consolidated Financial Statements” for further information of particular concentrations.
Preferred Stock	Preferred Stock The Board of Directors is authorized to issue shares of Preferred Stock in series with variations as to the number of shares in any series. The Board of Directors also is authorized to establish the rights and privileges of such shares issued, including dividend and voting rights.

Significant Accounting Polici32

Significant Accounting Policies (Tables)	12 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Schedule of Other Income (Expense)	The following table summarizes the significant components of Other Income (Expense). Years Ending March 31, 2017 2016 2015 Gain on reconsolidation of subsidiary $ — $ 106,203 $ — Other sales of assets and expenses 1,994 595 5,286 Sales of Brazilian intrastate trade tax credits 9,356 4,309 2,073 Losses on sale of receivables (6,454 ) (5,680 ) (7,425 ) $ 4,896 $ 105,427 $ (66 )
Schedule of advances to tobacco suppliers	The following table reflects the classification of advances to tobacco suppliers: March 31, 2017 March 31, 2016 Current $ 54,713 $ 41,837 Noncurrent 5,855 2,612 $ 60,568 $ 44,449
Summary of guarantees and associated fair values	The following table summarizes amounts guaranteed and the fair value of those guarantees: March 31, 2017 March 31, 2016 Amounts guaranteed (not to exceed) $ 194,656 $ 210,703 Amounts outstanding under guarantees 106,465 107,615 Fair value of guarantees 7,126 7,350
Property, plant and equipment	Property, plant and equipment at March 31, 2017 and 2016 , are summarized as follows: 2017 2016 Land $ 27,705 $ 26,995 Buildings 207,833 211,540 Machinery and equipment 178,182 183,000 Total 413,720 421,535 Less accumulated depreciation (157,209 ) (144,010 ) Total property, plant and equipment, net $ 256,511 $ 277,525
Computation of earnings (loss) per common share	Computation of Earnings (Loss) Per Common Share Years Ended March 31, (in thousands, except per share data) 2017 2016 2015 BASIC EARNINGS (LOSS) Net income (loss) attributable to Alliance One International, Inc. $ (62,928 ) $ 65,532 $ (27,862 ) SHARES Weighted Average Number of Shares Outstanding 8,930 8,882 8,829 BASIC EARNINGS (LOSS) PER SHARE $ (7.05 ) $ 7.38 $ (3.16 ) DILUTED EARNINGS (LOSS) Net income (loss) attributable to Alliance One International, Inc. $ (62,928 ) $ 65,532 $ (27,862 ) Plus interest expense on 5 ½% convertible notes, net of tax — — — * Net income (loss) attributable to Alliance One International, Inc. as adjusted $ (62,928 ) $ 65,532 $ (27,862 ) SHARES Weighted average number of shares outstanding 8,930 8,882 8,829 Plus: Restricted shares issued and shares applicable to stock options — * 1 — * Assuming conversion of 5 ½% convertible notes — — — * Shares applicable to stock warrants — — ** — ** Adjusted weighted average number of shares outstanding 8,930 8,883 8,829 DILUTED EARNINGS (LOSS) PER SHARE $ (7.05 ) $ 7.38 $ (3.16 ) * Assumed conversion of convertible notes at the beginning of the period has an antidilutive effect on earnings (loss) per share. All outstanding restricted shares and shares applicable to stock options and restricted stock units are excluded because their inclusion would have an antidilutive effect on the loss per share. ** For the years ended March 31, 2016 and 2015 the warrants were not assumed exercised because the exercise price was more than the average price for the period. The warrants were fully expired on April 8, 2015.
Schedule of Accumulated Other Comprehensive Income (Loss)	The following tables set forth the changes in each component of accumulated other comprehensive income (loss), net of tax, attributable to the Company: Currency Translation Adjustment Pensions, Net of Tax Derivatives, Net Tax Accumulated Other Comprehensive Income (Loss) Balances, March 31, 2014 $ (1,640 ) $ (36,686 ) $ — $ (38,326 ) Other comprehensive losses before reclassifications (12,514 ) (16,257 ) — (28,771 ) Amounts reclassified to net income, net of tax — 711 — 711 Other comprehensive losses, net of tax (12,514 ) (15,546 ) — (28,060 ) Balances, March 31, 2015 (14,154 ) (52,232 ) — (66,386 ) Other comprehensive income before reclassifications 108 7,811 — 7,919 Amounts reclassified to net loss, net of tax — 4,619 — 4,619 Other comprehensive income, net of tax 108 12,430 — 12,538 Balances, March 31, 2016 (14,046 ) (39,802 ) — (53,848 ) Other comprehensive losses before reclassifications (8,247 ) (573 ) (1,100 ) (9,920 ) Amounts reclassified to net loss, net of tax — 3,721 — 3,721 Other comprehensive losses, net of tax (8,247 ) 3,148 (1,100 ) (6,199 ) Balances, March 31, 2017 $ (22,293 ) $ (36,654 ) $ (1,100 ) $ (60,047 )
Reclassification out of Accumulated Other Comprehensive Income	The following table sets forth amounts by component, reclassified from accumulated other comprehensive income (loss) to net income (loss) for the years ended March 31, 2017 , 2016 and 2015: Years Ended March 31, 2017 2016 2015 Pension and postretirement plans *: Actuarial loss $ 3,911 $ 3,629 $ 3,092 Amortization of prior service cost (credit) (670 ) 840 (2,213 ) Deferred income tax benefit 480 150 (168 ) Amounts reclassified from accumulated other comprehensive income (loss) to net income (loss) $ 3,721 $ 4,619 $ 711 * Amounts are included in net periodic benefit costs for pension and postretirement plans.

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Mar. 31, 2017
Inventory Disclosure [Abstract]
Schedule of Inventory	March 31, 2017 March 31, 2016 Processed tobacco $ 424,984 $ 584,158 Unprocessed tobacco 220,625 175,933 Other 32,716 31,249 $ 678,325 $ 791,340

Restructuring and Asset Impai34

Restructuring and Asset Impairment Charges (Tables)	12 Months Ended
	Mar. 31, 2017
Restructuring and Related Activities [Abstract]
Schedule of Restructuring and Related Costs	The following table summarizes the restructuring actions as of March 31, 2017 , 2016 and 2015: Years Ended March 31, Restructuring and Asset Impairment Charges 2017 2016 2015 Employee separation and other cash charges: Beginning balance $ 398 $ 8,087 $ 397 Period Charges: Employee separation charges (recoveries) 517 (498 ) 8,612 Other cash charges 120 662 6 Total employee separation and other cash charges 637 164 8,618 Payments (846 ) (7,853 ) (928 ) Ending balance March 31 $ 189 $ 398 $ 8,087 Asset impairment and other non-cash charges 738 5,724 500 Total restructuring and asset impairment charges $ 1,375 $ 5,888 $ 9,118
Schedule of Restructuring, Employee Separation and Other Cash Charges	The following table summarizes the employee separation and other cash charges recorded in the Company’s North America and Other Regions segments as of March 31, 2017 , 2016 and 2015: Years Ended March 31, Employee Separation and Other Cash Charges 2017 2016 2015 Beginning balance: $ 398 $ 8,087 $ 397 North America — — — Other regions 398 8,087 397 Period charges: $ 637 $ 164 $ 8,618 North America 180 — — Other regions 457 164 8,618 Payments: $ (846 ) $ (7,853 ) $ (928 ) North America (120 ) — — Other regions (726 ) (7,853 ) (928 ) Ending balance March 31: $ 189 $ 398 $ 8,087 North America 60 — — Other regions 129 398 8,087
Schedule of Segment Reporting Information, Non Cash Charges	The following table summarizes non-cash charges for the Company's North America and Other Regions segments for fiscal years ended March 31, 2017 , 2016 and 2015: North America Other Regions Years ended March 31, 2017 495 243 2016 712 5,012 2015 500 —

Goodwill and Other Intangibles

Goodwill and Other Intangibles (Tables)	12 Months Ended
	Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Asset Rollforward	Goodwill and Intangible Asset Rollforward: Amortizable Intangibles Goodwill (1) Customer Production Internally Total Weighted average remaining useful life in years as of March 31, 2017 12 4.25 3 March 31, 2015 balance: Gross carrying amount $ 2,794 $ 33,700 $ 14,893 $ 18,502 $ 69,889 Accumulated amortization — (16,639 ) (5,786 ) (15,573 ) (37,998 ) Net March 31, 2015 balance 2,794 17,061 9,107 2,929 31,891 Additions (2) 13,669 24,830 — — 38,499 Amortization expense — (1,685 ) (825 ) (846 ) (3,356 ) Net March 31, 2016 balance 16,463 40,206 8,282 2,083 67,034 Additions — — — 79 79 Amortization expense — (3,340 ) (432 ) (742 ) (4,514 ) Net March 31, 2017 balance $ 16,463 $ 36,866 $ 7,850 $ 1,420 $ 62,599 (1) Goodwill of $2,794 relates to the North America segment and $13,669 relates to the Other Regions segment. (2) Additions relate to the reconsolidation of MTC. See Note 21 "Reconsolidation of MTC" to the "Notes to Consolidated Financial Statements" for further information.
Estimated Intangible Asset Amortization Expense	The following table summarizes the estimated intangible asset amortization expense for the next five years and beyond: For Fiscal Customer Production Internally Total 2018 $ 3,340 $ 1,492 $ 646 $ 5,478 2019 3,340 1,405 427 5,172 2020 3,340 1,397 247 4,984 2021 3,340 1,397 86 4,823 2022 3,340 1,397 14 4,751 Later 20,166 762 — 20,928 $ 36,866 $ 7,850 $ 1,420 $ 46,136 * Estimated amortization expense for the internally developed software is based on costs accumulated as of March 31, 2017 .

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Mar. 31, 2017
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The following is a summary of balances and transactions with related parties of the Company: March 31, 2017 March 31, 2016 Balances: Accounts receivable $ 8,133 $ 1,920 Accounts payable $ 9,773 $ 20,490 Year Ended March 31, 2017 2016 2015 Transactions: Sales $ 47,726 $ 18,827 $ 20,692 Purchases $ 62,350 $ 264,707 $ 271,466

Long-Term Debt (Tables)

Long-Term Debt (Tables)	12 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	The following table summarizes the Company’s debt financing as of March 31, 2017 : March 31, 2017 Outstanding Lines and March 31, 2016 March 31, 2017 Letters Interest Long Term Debt Repayment Schedule by Fiscal Year Available Rate 2018 2019 2020 2021 2022 Later Senior secured credit facility: Revolver (1) $ 200,000 $ — $ — — % $ — $ — $ — $ — $ — $ — ABL facility (2) — — 60,000 — % — — — — — — Senior notes: 8.5% senior first lien notes due 2021 (6) — 267,049 — 8.5 % — — — — 267,049 — 9.875% senior secured second lien notes due 2021 (4) (5) 699,321 675,076 — 9.9 % — — — — 675,076 — Long-term foreign seasonal borrowings 10,000 10,000 — 4.1 % (3 ) 10,000 — — — — — Other long-term debt 1,249 880 — 7.2 % (3 ) 46 205 329 100 100 100 Notes payable to banks (7) 475,989 475,863 319,844 5.9 % (3 ) — — — — — — Total debt $ 1,386,559 $ 1,428,868 379,844 $ 10,046 $ 205 $ 329 $ 100 $ 942,225 $ 100 Short term (7) $ 475,989 $ 475,863 Long term: Long term debt current $ 356 $ 10,046 Long term debt 910,214 942,959 $ 910,570 $ 953,005 Letters of credit $ 4,733 $ 5,211 7,777 Total credit available $ 387,621 (1) As of October 14, 2016, the revolving credit facility was paid in full and cancelled. (2) As of March 31, 2017, the full amount of the ABL facility was available. Borrowing is permitted under the ABL Credit Facility only to the extent that, after consideration of the application of the proceeds of the borrowing, the Company’s unrestricted cash and cash equivalents would not exceed $180,000 . At March 31, 2017, the Company’s unrestricted cash and cash equivalents significantly exceeded $180,000 . (3) Weighted average rate for the twelve months ended March 31, 2017. (4) On April 1, 2016, we adopted new accounting guidance that changed the presentation of debt issuance costs in financial statements on a retrospecitve basis. Therefore, the March 31, 2016 balance previously reported of $709,196 has been adjusted by $9,875 to $699,321 in accordance with the adoption of this new accounting guidance. (5) Repayment of $675,076 is net of original issue discount of $8,821 and unamortized debt issuance of $7,694 . Total repayment will be $691,591 . (6) Repayment of $267,049 is net of original issue discount of $2,303 and unamortized debt issuance of $5,648 . Total repayment will be $275,000 . (7) Primarily foreign seasonal lines of credit. At March 31, 2016, the outstanding amount includes $130,600 of debt owed by MTC under a short-term credit facility in which one of the Company’s other subsidiaries has a participation interest in the lender’s rights and obligations under the facility. At March 31, 2016, $84,258 of that amount was attributed to outstanding borrowings by MTC funded under that facility by such other subsidiary pursuant to that participation interest. Because such other subsidiary’s funding is pursuant to a participation interest through a third-party lender and not a direct intercompany loan between such other subsidiary and MTC, the total amount of debt under the facility is required to be reflected as consolidated debt upon the reconsolidation of MTC. See Note 21 “Reconsolidation of MTC” to the “Notes to Consolidated Financial Statements” for further information.

Long-Term Leases (Tables)

Long-Term Leases (Tables)	12 Months Ended
	Mar. 31, 2017
Leases [Abstract]
Schedule Of Future Minimum Lease Payments	Minimum future obligations are as follows: Operating 2018 $ 18,150 2019 10,096 2020 7,056 2021 4,716 2022 2,259 Remaining 1,601 $ 43,878

Equity in Net Assets of Inves39

Equity in Net Assets of Investee Companies (Tables)	12 Months Ended
	Mar. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Equity in Net Assets of Investee Companies	Summarized combined financial information for these investees for fiscal years ended March 31, 2017 , 2016 and 2015 follows: Years Ended March 31, Operations Statement Information 2017 2016 2015 Sales $ 232,145 $ 274,183 $ 297,474 Gross profit 23,739 42,143 33,246 Net income 3,072 15,254 11,394 Company's dividends received 4,307 1,887 — March 31, Balance Sheet Information 2017 2016 Current assets $ 139,146 $ 118,745 Property, plant and equipment and other assets 54,674 61,845 Current liabilities 102,550 77,908 Long-term obligations and other liabilities 7,432 10,222

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Certain Information Regarding Stock-Based Compensation Plan	The table below summarizes certain data for the Company’s stock-based compensation plans: Year Ended March 31, 2017 2016 2015 Compensation expense for all stock based $ 1,712 $ 2,874 $ 3,194 Tax (expense) benefits for stock-based compensation $ — $ — $ — Fair value of stock options vested $ 315 $ 2,043 $ 3,353
Schedule of Share-based Compensation, Stock Options, Activity	A summary of option activity for stock options follows: Options Shares Weighted Weighted Aggregate Outstanding at March 31, 2014 688 $ 60.45 Forfeited (18 ) 61.49 Expired (9 ) 64.50 Outstanding at March 31, 2015 661 60.37 Forfeited (9 ) 66.21 Expired (182 ) 59.23 Outstanding at March 31, 2016 470 60.70 Forfeited (4 ) 66.73 Expired (8 ) 39.40 Outstanding at March 31, 2017 458 61.00 4.29 $ — Vested and expected to vest at March 31, 2017 458 61.00 4.29 $ — Exercisable at March 31, 2017 441 61.04 4.26 $ —
Schedule of Nonvested Share Activity	The table below shows the movement in unvested options from March 31, 2016 to March 31, 2017 . Shares Weighted Average Aggregate Unvested March 31, 2016 38 $ 15.80 $ 599 Forfeited (1 ) 15.80 (9 ) Vested (20 ) 15.80 (315 ) Unvested March 31, 2017 17 15.80 $ 275
Schedule of Share-based Compensation, Restricted Stock Award Activity	Restricted Stock Shares Weighted Average Restricted at March 31, 2014 20 $ 38.00 Granted 27 16.12 Vested (47) 25.39 Restricted at March 31, 2015 — — Granted 23 18.42 Vested (23) 18.42 Restricted at March 31, 2016 — — Granted 28 16.74 Vested (28) 16.74 Restricted at March 31, 2017 — —
Schedule of Share-based Compensation, Restricted Stock Units Award Activity	Restricted Stock Units Shares Weighted Average Outstanding at March 31, 2014 63 $ 38.50 Granted 22 27.20 Vested (21 ) 38.50 Forfeited (6 ) 38.50 Outstanding at March 31, 2015 58 34.18 Granted 58 14.73 Vested (25 ) 35.16 Forfeited (2 ) 38.50 Outstanding at March 31, 2016 89 21.28 Granted 64 17.19 Vested (48 ) 25.43 Forfeited (1 ) 22.41 Outstanding at March 31, 2017 104 16.84
Schedule of Nonvested Performance-based Restricted Stock Units Activity	The table below includes the maximum number of restricted stock units that may be earned under the plan. Performance-Based Shares Weighted Average Outstanding as of March 31, 2014 62 $ 38.50 Granted 22 27.20 Forfeited (1 ) 38.50 Outstanding as of March 31, 2015 83 35.52 Granted 30 10.11 Forfeited (61 ) 38.50 Outstanding as of March 31, 2016 52 17.33 Granted 56 17.76 Forfeited (23 ) 26.81 Outstanding as of March 31, 2017 85 15.06
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity	Cash-Settled Restricted Stock Units Shares Weighted Average Outstanding as of March 31, 2015 44 $ 27.06 Granted 1 19.65 Vested (14 ) 27.06 Forfeited (2 ) 27.20 Outstanding as of March 31, 2016 29 26.85 Vested (14 ) 26.84 Forfeited (2 ) 25.82 Outstanding as of March 31, 2017 13 27.01 The table below includes the maximum number of restricted stock units that may be earned under the plan. Cash-Settled Performance-Based Shares Weighted Average Outstanding as of March 31, 2015 44 $ 27.06 Forfeited (2 ) 27.20 Outstanding as of March 31, 2016 42 27.10 Forfeited (42 ) 27.10 Outstanding as of March 31, 2017 — —

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Summary of Income Tax Contingencies	The following table presents the changes to unrecognized tax benefits during the years ended March 31, 2017 , 2016 and 2015: 2017 2016 2015 Balance at April 1 $ 16,675 $ 17,752 $ 12,635 Increase for current year tax positions 275 24 7,260 Reduction for prior year tax positions (1,764 ) (223 ) (1,055 ) Impact of changes in exchange rates 10 (878 ) (1,088 ) Balance at March 31 $ 15,196 $ 16,675 $ 17,752
Schedule of Income before Income Tax, Domestic and Foreign	The components of income (loss) before income taxes, equity in net income of investee companies and minority interests consisted of the following: Years Ended March 31, 2017 2016 2015 U.S. $ (87,963 ) $ (55,073 ) $ (24,749 ) Non-U.S. 48,321 146,747 15,810 Total $ (39,642 ) $ 91,674 $ (8,939 )
Schedule of Components of Income Tax Expense (Benefit)	The details of the amount shown for income taxes in the Consolidated Statements of Operations follow: Years Ended March 31, 2017 2016 2015 Current Federal $ (926 ) $ — $ — State — — — Non-U.S. 23,974 26,476 19,850 $ 23,048 $ 26,476 $ 19,850 Deferred Federal $ — $ — $ — State — — — Non-U.S. 432 5,739 2,068 $ 432 $ 5,739 $ 2,068 Total $ 23,480 $ 32,215 $ 21,918
Schedule of Effective Income Tax Rate Reconciliation	The reasons for the difference between income tax expense based on income before income taxes, equity in net income of investee companies and minority interests and the amount computed by applying the U.S. statutory federal income tax rate to such income are as follows: Years Ended March 31, 2017 2016 2015 Tax expense (benefit) at U.S. statutory rate $ (13,875 ) $ 32,086 $ (3,129 ) Effect of non-U.S. income taxes (6,410 ) (15,131 ) 647 U.S. taxes on non-U.S. income 3,736 23,734 14,768 Foreign tax credits expiration — 47,552 — Change in valuation allowance 13,748 (47,135 ) (14,908 ) Increase (decrease) in reserves for uncertain tax positions 264 (1,203 ) 5,227 Change in tax rates (308 ) 2,480 — Exchange effects and currency translation 6,046 15,492 14,308 Permanent items 4,859 891 5,005 Write-down of state tax loss carryovers 6,430 — — Nontaxable gain - Zimbabwe subsidiary reconsolidation — (26,551 ) — Write-down of withholding tax recoverable 8,990 — — Actual tax expense $ 23,480 $ 32,215 $ 21,918
Schedule of Deferred Tax Assets and Liabilities	The deferred tax liabilities (assets) are comprised of the following: March 31, 2017 March 31, 2016 Deferred tax liabilities: Unremitted earnings of foreign subsidiaries $ 30,581 $ 27,641 Intangible assets 8,397 9,334 Fixed assets 7,242 11,435 Total deferred tax liabilities $ 46,220 $ 48,410 Deferred tax assets: Reserves and accruals $ (24,308 ) $ (23,870 ) Tax credits (7,286 ) (8,191 ) Tax loss carryforwards (125,601 ) (104,337 ) Derivative transactions (669 ) (892 ) Postretirement and other benefits (28,512 ) (30,635 ) Unrealized exchange loss (4,046 ) (12,645 ) Other (8,471 ) (8,207 ) Gross deferred tax assets (198,893 ) (188,777 ) Valuation allowance 131,774 118,518 Total deferred tax assets $ (67,119 ) $ (70,259 ) Net deferred tax asset $ (20,899 ) $ (21,849 )
Schedule of Current and Non Current Tax Assets and Liabilities	The following table presents the breakdown between non-current (assets) liabilities: March 31, 2017 March 31, 2016 Non-current asset $ (38,507 ) $ (38,773 ) Non-current liability 17,608 16,924 Net deferred tax asset $ (20,899 ) $ (21,849 )

Employee Benefits (Tables)

Employee Benefits (Tables)	12 Months Ended
	Mar. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets	A reconciliation of benefit obligations, plan assets and funded status of the plans at March 31, 2017 and 2016, the measurement dates, is as follows: U.S. Plans Non-U.S. Plans March 31, March 31, 2017 2016 2017 2016 Change in Benefit Obligation Benefit obligation, beginning $ 99,632 $ 107,423 $ 63,570 $ 69,939 Service cost 250 1,434 226 271 Interest cost 2,863 3,640 1,728 2,146 Plan amendments — — 18 (4 ) Plan curtailments — (1,963 ) — (256 ) Actuarial losses (gains) (161 ) (3,288 ) 6,245 (5,025 ) Settlements/special termination benefits (4,802 ) — (123 ) — Effects of currency translation — — (4,693 ) (681 ) Benefits paid (5,149 ) (7,614 ) (2,433 ) (2,820 ) Benefit obligation, ending $ 92,633 $ 99,632 $ 64,538 $ 63,570 Change in Plan Assets Fair value of plan assets, beginning $ 40,982 $ 44,921 $ 52,774 $ 53,709 Actual return on plan assets 2,954 (471 ) 8,784 (289 ) Employer contributions 2,902 4,146 2,868 3,211 Plan settlements (4,802 ) — (136 ) — Effects of currency translation — — (4,731 ) (1,037 ) Benefits paid (5,149 ) (7,614 ) (2,433 ) (2,820 ) Fair value of plan assets, ending $ 36,887 $ 40,982 $ 57,126 $ 52,774 Net amount recognized $ (55,746 ) $ (58,650 ) $ (7,412 ) $ (10,796 )
Schedule of Net Funded Status	U.S. Plans Non-U.S. Plans March 31, March 31, 2017 2016 2017 2016 Amounts Recognized in the Consolidated Balance Sheets Consist of: Noncurrent benefit asset recorded in Other Noncurrent Assets $ — $ — $ 7,555 $ 2,450 Accrued current benefit liability recorded in Accrued Expenses and Other Current Liabilities (3,010 ) (2,967 ) (1,224 ) (1,166 ) Accrued noncurrent benefit liability recorded in Pension, Postretirement and Other Long-Term Liabilities (52,736 ) (55,683 ) (13,743 ) (12,080 ) Net amount recognized $ (55,746 ) $ (58,650 ) $ (7,412 ) $ (10,796 )
Schedule of Accumulated and Projected Benefit Obligations	The pension obligations for all defined benefit pension plans: U.S. Plans Non-U.S. Plans March 31, March 31, 2017 2016 2017 2016 Information for Pension Plans with Accumulated Benefit Obligation in Excess of Plan Assets: Projected benefit obligation $ 92,633 $ 99,632 $ 34,391 $ 32,683 Accumulated benefit obligation 92,633 99,632 33,715 32,068 Fair value of plan assets 36,887 40,982 19,423 19,437
Schedule of Net Periodic Benefit Cost Not yet Recognized	Net periodic pension costs included the following components: U.S. Plans Non-U.S. Plans March 31, March 31, 2017 2016 2015 2017 2016 2015 Service cost $ 250 $ 1,434 $ 1,856 $ 226 $ 271 $ 173 Interest cost 2,863 3,640 3,969 1,728 2,146 2,711 Expected return on plan assets (2,578 ) (3,070 ) (3,131 ) (2,760 ) (3,110 ) (3,477 ) Amortization of actuarial losses 1,136 1,809 1,440 905 1,388 740 Amortization of prior service cost 40 136 192 (1 ) 1 1 Curtailment loss — 1,062 — — — — Special termination benefits — — — 14 — 72 Effects of settlement 1,363 — 35 91 — (13 ) Net periodic pension cost $ 3,074 $ 5,011 $ 4,361 $ 203 $ 696 $ 207
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss)	The amounts showing in accumulated other comprehensive income at March 31, 2017 , March 31, 2016 and movements for the year were as follows: U.S. and Non-U.S. U.S. and Non-U.S. Total Prior service credit (cost) $ (516 ) $ 3,733 $ 3,217 Net actuarial losses (49,819 ) (4,018 ) (53,837 ) Deferred taxes 11,347 (529 ) 10,818 Balance at March 31, 2016 $ (38,988 ) $ (814 ) $ (39,802 ) Prior service credit (cost) $ 26 $ (691 ) $ (665 ) Net actuarial gains 5,098 (615 ) 4,483 Deferred taxes (891 ) 221 (670 ) Total change for 2017 $ 4,233 $ (1,085 ) $ 3,148 Prior service credit (cost) $ (490 ) $ 3,042 $ 2,552 Net actuarial losses (44,721 ) (4,633 ) (49,354 ) Deferred taxes 10,456 (308 ) 10,148 Balance at March 31, 2017 $ (34,755 ) $ (1,899 ) $ (36,654 )
Schedule of Weighted Average Assumptions Used	The following weighted average assumptions were used to determine the expense for the pension, postretirement, other postemployment, and employee savings plans as follows: U.S. Plans Non-U.S. Plans March 31, March 31, 2017 2016 2015 2017 2016 2015 Discount rate 3.86% 3.60% 4.20% 3.38% 3.13% 4.30% Rate of increase in future compensation Not applicable 4.50% 4.50% 3.47% 3.56% 3.94% Expected long-term rate of return on 7.00% 7.25% 7.25% 5.63% 5.73% 6.83%
Schedule of Assumptions Used	The following assumptions were used to determine the benefit obligations disclosed for the pension plans at March 31, 2017 and 2016: U.S. Plans Non-U.S. Plans March 31, March 31, 2017 2016 2017 2016 Discount rate 3.90% 3.86% 2.59% 3.38% Rate of increase in future compensation Not applicable Not applicable 5.91% 3.47%
Schedule of Asset Allocations and the Percentage of the Fair Value of Plan Assets	The Company’s asset allocations and the percentage of the fair value of plan assets at March 31, 2017 and 2016 by asset category are as follows: Target Allocations U.S. Plans Non-U.S. Plans March 31, 2017 March 31, March 31, (percentages) 2017 2016 2017 2016 Asset Category: Cash and cash equivalents — % 3.7 % 3.2 % 34.5 % 1.5 % Equity securities 36.0 % 34.3 % 34.6 % 19.6 % 58.8 % Debt securities 24.0 % 22.4 % 22.8 % 10.6 % 34.2 % Real estate and other investments 40.0 % 39.6 % 39.4 % 35.3 % 5.5 % Total 100.0 % 100.0 % 100.0 % 100.0 % 100.0 %
Summary of Redemptions for Plan Assets	March 31, 2017 March 31, 2016 Fair Value Unfunded Commitments Redemption Frequency Redemption Notice Period Fair Value Unfunded Commitments Redemption Frequency Redemption Notice Period Diversified funds 33 None Self-Liquidating None 50 None Self-Liquidating None Real estate and other 4,124 None Quarterly 60 Days 4,352 None Quarterly 60 Days
Schedule of Expected Benefit Payments	The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid: Pension Benefits Other Benefits U.S. Plans Non-U.S. Plans U.S. Plans Non-U.S. Plans March 31, 2017 March 31, 2017 March 31, 2017 March 31, 2017 2018 $ 8,981 $ 2,996 $ 339 $ 142 2019 7,047 2,805 341 147 2020 7,299 2,492 279 162 2021 6,920 2,949 280 169 2022 6,807 2,632 268 175 Years 2023-2027 31,888 15,385 1,320 991
Schedule of Assumptions Used, Post Employment Benefit Obligations	The following assumptions were used to determine non-U.S. Plan postretirement benefit obligations at March 31 : 2017 2016 Discount rate 9.74 % 11.33 % Health care cost trend rate assumed for next year 8.00 % 8.00 % Ultimate trend rate 8.00 % 8.00 %
Schedule of Changes in Accumulated Postemployment Benefit Obligations	A reconciliation of benefit obligations, plan assets and funded status of the plans is as follows: U.S. Plans Non-U.S. Plans March 31, March 31, 2017 2016 2017 2016 Change in Benefit Obligation Benefit obligation, beginning $ 4,217 $ 8,841 $ 1,229 $ 1,243 Service cost 8 23 4 3 Interest cost 132 247 148 113 Effect of currency translation — — 144 (107 ) Plan amendments — (3,933 ) — — Actuarial losses (gains) 351 (450 ) 662 93 Benefits paid (347 ) (511 ) (102 ) (116 ) Benefit obligation, ending $ 4,361 $ 4,217 $ 2,085 $ 1,229 Change in Plan Assets Fair value of plan assets, beginning $ — $ — $ — $ — Employer contributions 347 511 102 116 Benefits paid (347 ) (511 ) (102 ) (116 ) Fair value of plan assets, ending $ — $ — $ — $ — Net amount recognized $ (4,361 ) $ (4,217 ) $ (2,085 ) $ (1,229 ) U.S. Plans Non-U.S. Plans March 31, March 31, 2017 2016 2017 2016 Amounts Recognized in the Consolidated Accrued current benefit liability recorded in Accrued Expenses and Other Current Liabilities $ (339 ) $ (278 ) $ (142 ) $ (96 ) Accrued non-current benefit liability recorded in Pension, Postretirement and Other Long-Term Liabilities (4,022 ) (3,939 ) (1,943 ) (1,133 ) Net amount recognized $ (4,361 ) $ (4,217 ) $ (2,085 ) $ (1,229 )
Schedule of Net Periodic Benefit Cost, Post Employment Benefits	There are no plan assets for 2017 or 2016 . Net periodic benefit costs included the following components: U.S. Plans Non-U.S. Plans March 31, March 31, 2017 2016 2015 2017 2016 2015 Service cost $ 8 $ 23 $ 39 $ 4 $ 3 $ 3 Interest cost 132 247 361 148 113 154 Prior service credit (698 ) (349 ) (1,196 ) (11 ) (10 ) (14 ) Actuarial losses (gains) 413 432 450 3 (2 ) (5 ) Net periodic benefit costs (income) $ (145 ) $ 353 $ (346 ) $ 144 $ 104 $ 138
U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Schedule of Fair Value of Pension Plans	The fair values for the pension plans by asset category are as follows: U.S. Pension Plans March 31, 2017 Total Level 1 Level 2 Level 3 Cash and cash equivalents $ 1,342 $ 851 $ 491 $ — U.S. equities / equity funds 7,649 7,649 — — International equities / equity funds 4,997 4,997 — — U.S. fixed income funds 7,251 7,251 — — International fixed income funds 1,028 1,028 — — Other investments: Diversified funds (1) 10,496 10,463 — — Real estate and other (1) 4,124 — — — Total $ 36,887 $ 32,239 $ 491 $ — U.S. Pension Plans March 31, 2016 Total Level 1 Level 2 Level 3 Cash and cash equivalents $ 1,326 $ 815 $ 511 $ — U.S. equities / equity funds 8,712 8,712 — — International equities / equity funds 5,466 5,466 — — U.S. fixed income funds 8,178 8,178 — — International fixed income funds 1,169 1,169 — — Other investments: Diversified funds (1) 11,791 11,741 — — Real estate (1) 4,352 — — — Total $ 40,994 $ 36,081 $ 511 $ — (1) In accordance with new guidance retrospectively adopted this year, certain investments that are measured at fair value using the net asset value have not been classified in the fair value hierarchy.
Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Schedule of Fair Value of Pension Plans	Non-U.S. Pension Plans March 31, 2017 Total Level 1 Level 2 Level 3 Cash and cash equivalents $ 19,749 $ 19,749 $ — $ — U.S. equities / equity funds — — — — International equities / equity funds 5,208 — 5,208 — Global equity funds 6,000 — 6,000 — U.S. fixed income funds — — — — International fixed income funds 6,040 — 6,040 — Global fixed income funds — — — — Other investments: Diversified funds 20,201 — 20,201 — Real estate — — — — Total $ 57,198 $ 19,749 $ 37,449 $ — Non-U.S. Pension Plans March 31, 2016 Total Level 1 Level 2 Level 3 Cash and cash equivalents $ 776 $ 776 $ — $ — U.S. equities / equity funds 7,340 7,340 — — International equities / equity funds 13,615 4,335 9,280 — Global equity funds 10,083 — 10,083 — US fixed income funds 2,829 2,829 — — International fixed income funds 8,415 — 8,415 — Global fixed income funds 6,813 1,384 5,429 — Other investments: Diversified funds 1,685 1,685 — — Real estate 1,268 1,268 — — Total $ 52,824 $ 19,617 $ 33,207 $ —

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Mar. 31, 2017
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Years Ended March 31, Analysis of Segment Operations 2017 2016 2015 Sales and other operating revenues: North America $ 396,217 $ 468,098 $ 440,985 Other Regions 1,318,533 1,436,494 1,625,880 Total revenue $ 1,714,750 $ 1,904,592 $ 2,066,865 Operating income: North America $ 15,333 $ 25,230 $ 40,437 Other Regions 69,235 176,557 56,858 Total operating income 84,568 201,787 97,295 Debt retirement expense (income) (300 ) — (771 ) Interest expense 132,667 117,190 113,273 Interest income 8,157 7,077 6,268 Income (loss) before income taxes and other items $ (39,642 ) $ 91,674 $ (8,939 ) ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (continued) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) Alliance One International, Inc. and Subsidiaries (in thousands) Note 14 - Segment Information (continued) Years Ended March 31, Analysis of Segment Assets 2017 2016 2015 Segment assets: North America $ 375,782 $ 338,834 $ 230,842 Other Regions 1,596,090 1,629,364 1,391,618 Total assets $ 1,971,872 $ 1,968,198 $ 1,622,460 Trade and other receivables, net North America $ 40,212 $ 48,229 $ 26,781 Other Regions 213,973 352,779 212,722 Total trade and other receivables, net $ 254,185 $ 401,008 $ 239,503 Goodwill: North America 2,794 2,794 2,794 Other Regions 13,669 13,669 — Total Goodwill $ 16,463 $ 16,463 $ 2,794 Equity in net assets of investee companies: North America $ — $ — $ — Other Regions 51,443 57,243 53,678 Total equity in net assets of investee companies $ 51,443 $ 57,243 $ 53,678 Depreciation and amortization: North America $ 7,543 $ 6,432 $ 5,618 Other Regions 26,933 21,929 24,005 Total depreciation and amortization $ 34,476 $ 28,361 $ 29,623 Capital expenditures: North America $ 3,638 $ 7,516 $ 10,044 Other Regions 9,099 10,270 12,629 Total capital expenditures $ 12,737 $ 17,786 $ 22,673
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area	Years Ended March 31, Sales by Destination 2017 2016 2015 Sales and Other Operating Revenues: United States $ 272,161 $ 311,634 $ 363,964 China 230,226 209,781 254,658 Belgium 115,632 132,817 137,513 Germany 88,650 110,318 116,713 Russia 87,461 116,941 118,233 Indonesia 75,346 82,867 58,609 Other 845,274 940,234 1,017,175 $ 1,714,750 $ 1,904,592 $2,066,865
Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country	Years Ended March 31, Property, Plant and Equipment by Location 2017 2016 2015 Property, Plant and Equipment, Net: Brazil $ 77,653 $ 82,307 $ 87,161 United States 56,028 59,713 57,861 Zimbabwe 48,738 51,295 — Malawi 22,299 24,609 25,704 Tanzania 20,997 22,831 23,610 Argentina 6,580 6,914 7,390 Asia 6,130 6,447 6,960 Europe 5,467 6,895 15,191 Zambia 3,877 4,366 6,582 Turkey 2,654 2,955 3,454 Other 6,088 9,193 4,001 $ 256,511 $ 277,525 $ 237,914

Sale of Receivables (Tables)

Sale of Receivables (Tables)	12 Months Ended
	Mar. 31, 2017
Disclosure of Securitized or Asset-backed Financing Arrangement Assets and Other Financial Assets Managed Together [Abstract]
Summary of the Company’s Accounts Receivable Securitization Information	The following table summarizes the Company’s accounts receivable securitization information as of March 31 : 2017 2016 Receivables outstanding in facility as of March 31: $ 200,084 $ 188,764 Beneficial interest as of March 31 $ 38,206 $ 40,368 Servicing Liability as of March 31 $ 101 $ 58 Cash proceeds for the twelve months ended March 31: Cash purchase price $ 648,730 $ 585,648 Deferred purchase price 231,658 233,753 Service fees 492 553 Total $ 880,880 $ 819,954

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Mar. 31, 2017
Fair Value Disclosures [Abstract]
Fair Value, Long-term Debt	The carrying value and estimated fair value of the Company's Long-Term Debt are shown in the table below. March 31, 2017 2016 Carrying value $ 953,006 $ 920,444 Estimated fair value 867,825 753,038
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis	The following tables present the Company’s assets and liabilities measured at fair value on a recurring basis: March 31, 2017 March 31, 2016 Level 2 Level 3 Total Assets / Level 2 Level 3 Total Assets / Assets Derivative financial instruments $ 943 $ — $ 943 $ — $ — $ — Securitized beneficial interests — 38,206 38,206 — 40,368 40,368 Total Assets $ 943 $ 38,206 $ 39,149 $ — $ 40,368 $ 40,368 Liabilities Guarantees $ — $ 7,126 $ 7,126 $ — $ 7,350 $ 7,350 Derivative financial instruments — — — — — — Total Liabilities $ — $ 7,126 $ 7,126 $ — $ 7,350 $ 7,350
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The following tables present the changes in Level 3 instruments measured on a recurring basis. Securitized Beneficial Interests Guarantees Beginning Balance March 31, 2015 $ 40,712 $ 8,650 Sales of receivables/issuance of guarantees 249,326 11,327 Settlements (246,009 ) (11,719 ) Losses recognized in earnings (3,661 ) (908 ) Ending Balance at March 31, 2016 40,368 7,350 Sales of receivables/issuance of guarantees 229,580 7,478 Settlements (227,495 ) (5,921 ) Losses recognized in earnings (4,247 ) (1,781 ) Ending Balance at March 31, 2017 $ 38,206 $ 7,126
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques	The following table summarizes significant unobservable inputs and the valuation techniques thereof for the periods ended March 31, 2017 and 2016: Fair value at March 31, 2017 Valuation Technique Unobservable Input Range (Weighted Average) Securitized Beneficial Interests Discount Rate 2.9% to 4.37% $ 38,206 Discounted Cash Flow Payment Speed 46 days to 101 days Tobacco Supplier Guarantees 2,850 Historical Loss Historical Loss 10.0% to 16.0% 4,276 Discounted Cash Flow Market Interest Rate 16.5% to 38.0% Fair value at March 31, 2016 Valuation Technique Unobservable Input Range (Weighted Average) Securitized Beneficial Interests $ 40,368 Discounted Cash Flow Discount Rate 3.17% to 3.77% Payment Speed 94.7 to 116.0 days Tobacco Supplier Guarantees 3,278 Historical Loss Historical Loss 5.0% to 15.9% 4,072 Discounted Cash Flow Market Interest Rate 15.8% to 22.0%

Selected Quarterly Financial 46

Selected Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Mar. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information	Summarized quarterly financial information is as follows: First Quarter Second Quarter Third Quarter Fourth Quarter Fiscal Year Year Ended March 31, 2017 Sales and other operating revenue $ 261,101 $ 389,423 $ 454,535 $ 609,691 $ 1,714,750 Gross profit 34,051 50,281 65,152 67,545 217,029 Other income (expense) (481 ) 2,104 2,688 585 4,896 Restructuring 41 577 450 307 1,375 Net income (loss) (31,539 ) (15,613 ) (15,595 ) (524 ) (63,271 ) Net earnings (loss) attributable to (34 ) 44 (138 ) (215 ) (343 ) Net income (loss) attributable to (31,505 ) (15,657 ) (15,457 ) (309 ) (62,928 ) Per Share of Common Stock: Basic earnings (loss) attributable to (3.54 ) (1.75 ) (1.73 ) (0.03 ) (7.05 ) Diluted earnings (loss) attributable to (3.54 ) (1.75 ) (1.73 ) (0.03 ) (7.05 ) Market Price - High 27.23 22.69 19.81 19.50 27.23 - Low 14.40 15.35 13.75 12.30 12.30 Year Ended March 31, 2016 Sales and other operating revenue $ 266,282 $ 414,853 $ 491,139 $ 732,318 $ 1,904,592 Gross profit 29,398 54,874 68,738 72,784 225,794 Other income (expense) 560 (1,029 ) 594 105,302 105,427 Restructuring 2,948 (386 ) 1,525 1,801 5,888 Net income (loss) (25,957 ) (21,123 ) 11,685 100,840 65,445 Net earnings (loss) attributable to (7 ) (58 ) (50 ) 28 (87 ) Net income (loss) attributable to (25,950 ) (21,065 ) 11,735 100,812 65,532 Per Share of Common Stock: Basic earnings (loss) attributable to (2.93 ) (2.37 ) 1.32 11.33 7.38 Diluted earnings (loss) attributable to (2.93 ) (2.37 ) 1.32 11.33 7.38 Market Price - High 25.40 26.47 21.03 17.94 26.47 - Low 10.80 18.79 10.35 8.33 8.33 (1) Does not add due to quarterly change in average shares outstanding.

Reconsolidation of MTC (Tables)

Reconsolidation of MTC (Tables)	12 Months Ended
	Mar. 31, 2017
Business Combinations [Abstract]
Schedule of Business Acquisitions, by Acquisition	The following table summarizes the fair values of the assets acquired and liabilities assumed as of March 31, 2016. thousands March 31, 2016 Cash and cash equivalents $ 10,277 Trade and other receivables, net 4,377 Net intercompany receivable (eliminated in consolidation) 100,423 Inventories 38,087 Other current assets 1,663 Property, plant and equipment 51,295 Goodwill and other intangible assets 38,499 Other noncurrent assets 288 Total assets acquired 244,909 Notes payable to banks (1) 130,600 Accounts payable 3,344 Other current liabilities 5,480 Deferred tax liabilities 11,090 Total liabilities 150,514 Fair value of equity interest $ 94,395 (1) Includes $130,600 of debt owed by MTC under a short-term credit facility in which one of the Company’s other subsidiaries, Intabex Netherlands BV (“Intabex”), has a participation interest in the lender’s rights and obligations under the facility. At March 31, 2016, $84,258 of that amount was attributed to outstanding borrowings by MTC funded under that facility by Intabex pursuant to that participation interest. Because Intabex’s funding is pursuant to a participation interest through a third-party lender and not a direct intercompany loan between Intabex and MTC, the total amount of debt under the facility is required to be reflected as consolidated debt upon the reconsolidation of MTC.
Business Acquisition, Pro Forma Information	The following information has been adjusted for intercompany eliminations as required for consolidation accounting. Unaudited Proforma Twelve Months Ended March 31, thousands except per share data 2016 2015 Revenues $ 1,912,324 $ 2,077,732 Operating income 114,615 108,669 Net loss (31,409 ) (24,885 )

Significant Accounting Polici48

Significant Accounting Policies Basis of Presentation (Details) - USD ($)	Mar. 31, 2017	Mar. 31, 2007
Schedule of Equity Method Investments [Line Items]
Investment percentage threshold	50.00%
Zimbabwe
Schedule of Equity Method Investments [Line Items]
Cost method investments		$ 0

Significant Accounting Polici49

Significant Accounting Policies Taxes Collected from Customers (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Accounting Policies [Abstract]
Value added tax expense	$ 25,631	$ 23,451	$ 25,282

Significant Accounting Polici50

Significant Accounting Policies Other Income (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Components of Other Income, Nonoperating [Line Items]
Proceeds from sale of property, plant and equipment									$ 1,890	$ 2,270	$ 16,840
Sales of Brazilian intrastate trade tax credits									9,356	4,309	2,073
Losses on sale of receivables									(6,454)	(5,680)	(7,425)
Other income (expense)	$ 585	$ 2,688	$ 2,104	$ (481)	$ 105,302	$ 594	$ (1,029)	$ 560	4,896	105,427	(66)
Other Sales Of Assets And Expenses
Components of Other Income, Nonoperating [Line Items]
Proceeds from sale of property, plant and equipment									1,994	595	5,286
Mashonaland Tobacco Company, LTD
Components of Other Income, Nonoperating [Line Items]
Gain on reconsolidation of subsidiary									$ 0	106,203	$ 0
Cash					10,277					10,277
Non-cash					$ 95,926					$ 95,926

Significant Accounting Polici51

Significant Accounting Policies Cash and Cash Equivalents (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Mar. 31, 2016
Accounting Policies [Abstract]
Restricted cash, customer funding	$ 153	$ 188
Compensating balance	$ 1,767	$ 2,137

Significant Accounting Polici52

Significant Accounting Policies Trade and Other Receivables (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Accounting Policies [Abstract]
Allowance for doubtful accounts	$ 6,990	$ 12,984
Charged to costs and expenses	(5,545)	(169)	$ 12,446
Subsidiary funding arrangement receivable		84,258
Value added tax receivable	$ 12,449	$ 9,377

Significant Accounting Polici53

Significant Accounting Policies Sale of Accounts Receivable (Details) $ in Thousands	Mar. 31, 2017USD ($)arrangement	Mar. 31, 2016USD ($)
Accounting Policies [Abstract]
Number of arrangements to sell receivables | arrangement	2
Accounts receivable sold and outstanding | $	$ 200,084	$ 188,764

Significant Accounting Polici54

Significant Accounting Policies Advances to Tobacco Suppliers (Details) - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Accounting Policies [Abstract]
Markup and capitalized interest on tobacco advances	$ 16,919,000	$ 14,208,000
Unrecoverable advances and other capitalized costs	9,125,000	8,535,000
Current	54,713,000	41,837,000
Noncurrent	5,855,000	2,612,000
Advances to tobacco suppliers, total	60,568,000	44,449,000
Unrecoverable advances and other capitalized costs, expense	$ 0	$ 0	$ 1,085,000

Significant Accounting Polici55

Significant Accounting Policies Guarantees (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Guarantor Obligations [Line Items]
Amounts guaranteed (not to exceed)	$ 194,656	$ 210,703
Amounts outstanding under guarantees	$ 106,465	107,615
Number of years, before expiring guarantees	1 year
Financial Guarantee
Guarantor Obligations [Line Items]
Amounts outstanding under guarantees	$ 20,860	16,699
Estimate of Fair Value
Guarantor Obligations [Line Items]
Fair value of guarantees	$ 7,126	$ 7,350

Significant Accounting Polici56

Significant Accounting Policies Goodwill and Other Intangibles (Details)	12 Months Ended
	Mar. 31, 2017
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Useful life (in years)	20 years
Internally Developed Software
Finite-Lived Intangible Assets [Line Items]
Useful life (in years)	5 years
Minimum | Supply Contracts
Finite-Lived Intangible Assets [Line Items]
Useful life (in years)	3 years
Minimum | Production Contract
Finite-Lived Intangible Assets [Line Items]
Useful life (in years)	5 years
Maximum | Supply Contracts
Finite-Lived Intangible Assets [Line Items]
Useful life (in years)	5 years
Maximum | Production Contract
Finite-Lived Intangible Assets [Line Items]
Useful life (in years)	10 years

Significant Accounting Polici57

Significant Accounting Policies Other Noncurrent Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Mar. 31, 2016
Accounting Policies [Abstract]
VAT and intrastate tax receivables, long-term	$ 4,170	$ 4,816
Advances to suppliers	5,855	2,612
Escrow Deposit	12,745
Noncurrent benefit asset recorded in Other Noncurrent Assets	7,555	2,450
Cash surrender value of life insurance	$ 5,502	$ 5,575

Significant Accounting Polici58

Significant Accounting Policies Property, Plant and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 413,720	$ 421,535
Less accumulated depreciation	(157,209)	(144,010)
Total property, plant and equipment, net	256,511	277,525
Property and equipment purchases	12,737	17,786	$ 22,673
Property and equipment purchases, amount unpaid	413	1,359	1,024
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	27,705	26,995
Building
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	207,833	211,540
Machinery and Equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	178,182	183,000
Cost of Sales
Property, Plant and Equipment [Line Items]
Depreciation expense	27,730	23,132	24,179
Operating Expense
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 2,662	$ 2,699	$ 2,998
Minimum | Building
Property, Plant and Equipment [Line Items]
Useful life (in years)	20 years
Minimum | Machinery and Equipment
Property, Plant and Equipment [Line Items]
Useful life (in years)	3 years
Maximum | Building
Property, Plant and Equipment [Line Items]
Useful life (in years)	30 years
Maximum | Machinery and Equipment
Property, Plant and Equipment [Line Items]
Useful life (in years)	10 years

Significant Accounting Polici59

Significant Accounting Policies Derivative Financial Instruments (Details) - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized gain (loss) on cash flow hedges	$ 1,100,000
Current derivative asset	943,000	$ 0
Cost of Sales
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on forward or option currency contracts	$ (1,161,000)	$ (2,001,000)	$ (3,123,000)

Significant Accounting Polici60

Significant Accounting Policies Recently Adopted Accounting Pronouncements and Recent Accounting Pronouncements Not Yet Adopted (Details) - Accounting Standards Update 2015-03 $ in Thousands	Mar. 31, 2016USD ($)
Long-term Debt
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Unamortized debt issuance expense	$ 9,875
Other Assets
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Unamortized debt issuance expense	$ (9,875)

Significant Accounting Polici61

Significant Accounting Policies Computation of Earnings (Loss) Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net income (loss) attributable to Alliance One International, Inc.	$ (309)	$ (15,457)	$ (15,657)	$ (31,505)	$ 100,812	$ 11,735	$ (21,065)	$ (25,950)	$ (62,928)	$ 65,532	$ (27,862)
Weighted average number of shares outstanding (in shares)									8,930,000	8,882,000	8,829,000
Basic Earnings (Loss) Per Share (in dollars per share)	$ (0.03)	$ (1.73)	$ (1.75)	$ (3.54)	$ 11.33	$ 1.32	$ (2.37)	$ (2.93)	$ (7.05)	$ 7.38	$ (3.16)
Plus interest expense on 5 ½% convertible notes, net of tax									$ 0	$ 0	$ 0
Net income (loss) attributable to Alliance One International, Inc. as adjusted									$ (62,928)	$ 65,532	$ (27,862)
Restricted shares issued and shares applicable to stock options and restricted stock units, net of shares assumed to be purchased from proceeds at average market price (in shares)									0	1,000	0
Assuming conversion of 5 ½% convertible notes (in shares)									0	0	0
Shares applicable to stock warrants (in shares)									0	0	0
Adjusted weighted average number of shares outstanding (in shares)									8,930,000	8,883,000	8,829,000
Diluted Earnings (Loss) Per Share (in dollars per share)	$ (0.03)	$ (1.73)	$ (1.75)	$ (3.54)	$ 11.33	$ 1.32	$ (2.37)	$ (2.93)	$ (7.05)	$ 7.38	$ (3.16)
Common shares, owned by subsidiary (in shares)	785,000				785,000				785,000	785,000
Stock Options
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)									458,000	471,000	661,000
Weighted average exercise price, antidilutive shares (in dollars per share)									$ 61	$ 60.70	$ 60.37
5.5% Convertible Senior Subordinated Notes Due 2014 | Convertible Debt
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Debt instrument, interest rate	5.50%								5.50%
Initial conversion price (in dollars per share)	$ 50.28								$ 50.28

Significant Accounting Polici62

Significant Accounting Policies Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Other Comprehensive Income (Loss)
Beginning balance	$ 274,672	$ 194,064	$ 247,125
Other comprehensive losses, net of tax	(6,210)	12,545	(28,060)
Ending balance	206,710	274,672	194,064
Currency Translation Adjustment
Other Comprehensive Income (Loss)
Beginning balance	(14,046)	(14,154)	(1,640)
Other comprehensive losses before reclassifications	(8,247)	108	(12,514)
Amounts reclassified to net income, net of tax	0	0	0
Other comprehensive losses, net of tax	(8,247)	108	(12,514)
Ending balance	(22,293)	(14,046)	(14,154)
Pensions, Net of Tax
Other Comprehensive Income (Loss)
Beginning balance	(39,802)	(52,232)	(36,686)
Other comprehensive losses before reclassifications	(573)	7,811	(16,257)
Amounts reclassified to net income, net of tax	3,721	4,619	711
Other comprehensive losses, net of tax	3,148	12,430	(15,546)
Ending balance	(36,654)	(39,802)	(52,232)
Loss on Derivatives, Net of Tax
Other Comprehensive Income (Loss)
Beginning balance	0	0	0
Other comprehensive losses before reclassifications	(1,100)	0	0
Amounts reclassified to net income, net of tax	0	0	0
Other comprehensive losses, net of tax	(1,100)	0	0
Ending balance	(1,100)	0	0
Accumulated Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss)
Beginning balance	(53,848)	(66,386)	(38,326)
Other comprehensive losses before reclassifications	(9,920)	7,919	(28,771)
Amounts reclassified to net income, net of tax	3,721	4,619	711
Other comprehensive losses, net of tax	(6,199)	12,538	(28,060)
Ending balance	$ (60,047)	$ (53,848)	$ (66,386)

Significant Accounting Polici63

Significant Accounting Policies Other Comprehensive Income (Loss) - Reclassifications out of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Accounting Policies [Abstract]
Actuarial loss	$ 3,911	$ 3,629	$ 3,092
Amortization of prior service cost (credit)	(670)	840	(2,213)
Deferred income tax benefit	480	150	(168)
Amounts reclassified from accumulated other comprehensive income (loss) to net income (loss)	$ 3,721	$ 4,619	$ 711

Significant Accounting Polici64

Significant Accounting Policies Preferred Stock (Details)	Mar. 31, 2017shares
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred stock, shares authorized	10,000
Preferred stock, shares issued	0

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Inventory Disclosure [Abstract]
Processed tobacco	$ 424,984	$ 584,158
Unprocessed tobacco	220,625	175,933
Other	32,716	31,249
Inventory total	678,325	791,340
LCM adjustments	$ 4,833	$ 5,996	$ 7,533

Variable Interest Entities Nonc

Variable Interest Entities Nonconsolidated VIEs (Details) $ in Thousands	12 Months Ended
	Mar. 31, 2017USD ($)joint_venture	Mar. 31, 2016USD ($)
Variable Interest Entity [Line Items]
Number of variable interest joint ventures | joint_venture	7
Number of variable interest joint ventures the Company guarantees borrowings on | joint_venture	2
Investment in joint ventures	$ 52,328	$ 58,259
Advances to joint ventures	8,133	1,920
Corporate Joint Venture
Variable Interest Entity [Line Items]
Investment in joint ventures	51,443	57,243
Advances to joint ventures	8,133	1,920
Joint venture, maximum loss exposure	$ 96,378	$ 100,238

Restructuring and Asset Impai67

Restructuring and Asset Impairment Charges Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Restructuring Cost and Reserve [Line Items]
Severance costs	$ 517	$ (498)	$ 8,612
Other cash charges	120	662	6
Asset impairment	738	5,724	500
Global Restructuring Plan | Equipment Relocation
Restructuring Cost and Reserve [Line Items]
Severance costs	517	(498)
Other cash charges	120
Asset impairment	$ 738	$ 5,723	500
Global Restructuring Plan | Employee Severance
Restructuring Cost and Reserve [Line Items]
Severance costs			$ 8,612

Restructuring and Asset Impai68

Restructuring and Asset Impairment Charges (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Restructuring Reserve [Roll Forward]
Beginning balance				$ 398				$ 8,087	$ 398	$ 8,087	$ 397
Employee separation charges (recoveries)									517	(498)	8,612
Other cash charges									120	662	6
Total employee separation and other cash charges									637	164	8,618
Payments									(846)	(7,853)	(928)
Ending balance March 31	$ 189				$ 398				189	398	8,087
Asset impairment and other non-cash charges									738	5,724	500
Total restructuring and asset impairment charges	$ 307	$ 450	$ 577	$ 41	$ 1,801	$ 1,525	$ (386)	$ 2,948	$ 1,375	$ 5,888	$ 9,118

Restructuring and Asset Impai69

Restructuring and Asset Impairment Charges Employee Separation and Other Cash Charges (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Restructuring Reserve [Roll Forward]
Beginning balance	$ 398	$ 8,087	$ 397
Period charges	637	164	8,618
Payments	(846)	(7,853)	(928)
Ending balance March 31	189	398	8,087
Operating Segments | North America
Restructuring Reserve [Roll Forward]
Beginning balance	0	0	0
Period charges	180	0	0
Payments	(120)	0	0
Ending balance March 31	60	0	0
Operating Segments | Other Regions
Restructuring Reserve [Roll Forward]
Beginning balance	398	8,087	397
Period charges	457	164	8,618
Payments	(726)	(7,853)	(928)
Ending balance March 31	$ 129	$ 398	$ 8,087

Restructuring and Asset Impai70

Restructuring and Asset Impairment Charges Non-cash Charges (Details) - Operating Segments - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
North America
Restructuring Cost and Reserve [Line Items]
Noncash charges	$ 495	$ 712	$ 500
Other Regions
Restructuring Cost and Reserve [Line Items]
Noncash charges	$ 243	$ 5,012	$ 0

Goodwill and Other Intangible71

Goodwill and Other Intangibles Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 4,514	$ 3,356	$ 3,532

Goodwill and Other Intangible72

Goodwill and Other Intangibles Goodwill and Intangible Asset Rollforward (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 16,463	$ 2,794
Goodwill, Additions		13,669
Goodwill, ending balance	16,463	16,463	$ 2,794
Gross balance			69,889
Accumulated amortization			(37,998)
Finite-lived Intangible Assets [Roll Forward]
Goodwill and Intangible Assets, Net	67,034	31,891
Additions	79	38,499
Amortization expense	(4,514)	(3,356)	(3,532)
Net balance	46,136
Goodwill and Intangible Assets, Net	62,599	67,034	31,891
North America
Goodwill [Roll Forward]
Goodwill, ending balance	2,794
Other Regions
Goodwill [Roll Forward]
Goodwill, ending balance	$ 13,669
Customer Relationships Intangible
Goodwill and Intangible Assets [Line Items]
Weighted average remaining useful life in years as of March 31, 2017	12 years
Goodwill [Roll Forward]
Gross carrying amount			33,700
Accumulated amortization			(16,639)
Finite-lived Intangible Assets [Roll Forward]
Net balance	$ 40,206	17,061
Additions	0	24,830
Amortization expense	(3,340)	(1,685)
Net balance	$ 36,866	40,206	17,061
Production and Supply Contract Intangibles
Goodwill and Intangible Assets [Line Items]
Weighted average remaining useful life in years as of March 31, 2017	4 years 3 months
Goodwill [Roll Forward]
Gross carrying amount			14,893
Accumulated amortization			(5,786)
Finite-lived Intangible Assets [Roll Forward]
Net balance	$ 8,282	9,107
Additions	0	0
Amortization expense	(432)	(825)
Net balance	$ 7,850	8,282	9,107
Internally Developed Software Intangible
Goodwill and Intangible Assets [Line Items]
Weighted average remaining useful life in years as of March 31, 2017	3 years
Goodwill [Roll Forward]
Gross carrying amount			18,502
Accumulated amortization			(15,573)
Finite-lived Intangible Assets [Roll Forward]
Net balance	$ 2,083	2,929
Additions	79	0
Amortization expense	(742)	(846)
Net balance	$ 1,420	$ 2,083	$ 2,929

Goodwill and Other Intangible73

Goodwill and Other Intangibles Estimated Intangible Asset Amortization Expense (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Finite-Lived Intangible Assets [Line Items]
2,018	$ 5,478
2,019	5,172
2,020	4,984
2,021	4,823
2,022	4,751
Later	20,928
Finite-Lived Intangible Assets, Net	46,136
Customer Relationships Intangible
Finite-Lived Intangible Assets [Line Items]
2,018	3,340
2,019	3,340
2,020	3,340
2,021	3,340
2,022	3,340
Later	20,166
Finite-Lived Intangible Assets, Net	36,866	$ 40,206	$ 17,061
Production and Supply Contract Intangibles
Finite-Lived Intangible Assets [Line Items]
2,018	1,492
2,019	1,405
2,020	1,397
2,021	1,397
2,022	1,397
Later	762
Finite-Lived Intangible Assets, Net	7,850	8,282	9,107
Internally Developed Software Intangible
Finite-Lived Intangible Assets [Line Items]
2,018	646
2,019	427
2,020	247
2,021	86
2,022	14
Later	0
Finite-Lived Intangible Assets, Net	$ 1,420	$ 2,083	$ 2,929

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Related Party Transactions [Abstract]
Accounts receivable	$ 8,133	$ 1,920
Accounts payable	9,773	20,490
Sales	47,726	18,827	$ 20,692
Purchases	$ 62,350	$ 264,707	$ 271,466

Short-Term Borrowing Arrangem75

Short-Term Borrowing Arrangements (Details) - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Short-term Debt [Line Items]
Short-term debt	$ 475,863,000	$ 475,989,000
Unused lines of credit	387,621,000
Compensating balance	1,767,000	2,137,000
Line of Credit
Short-term Debt [Line Items]
Short-term debt, maximum outstanding amount	$ 808,695,000	$ 910,131,000
Short-term debt, weighted average interest rate	5.90%	5.20%
Short-term debt	$ 475,863,000	$ 475,989,000
Unused lines of credit	319,844,000	416,352,000
Inventory pledged as collateral	56,040,000	99,442,000
Compensating balance	1,767,000	2,137,000
Letter of Credit
Short-term Debt [Line Items]
Unused lines of credit	12,989,000	17,790,000
Non-US Based | Line of Credit
Short-term Debt [Line Items]
Short-term debt	144,881,000	103,366,000
Mashonaland Tobacco Company, LTD | Short Term Credit Facility
Short-term Debt [Line Items]
Short-term debt	130,600,000
Mashonaland Tobacco Company, LTD | Short Term Credit Facility | Intabex
Short-term Debt [Line Items]
Short-term debt	84,258,000
Unused lines of credit		15,742,000
Amount outstanding during period	$ 84,258,000	84,258,000
Fifth Amendment of Amended and Restated Credit Agreement | Mashonaland Tobacco Company, LTD
Short-term Debt [Line Items]
Line of credit facility, maximum borrowing capacity		$ 100,000,000

Long-Term Debt (Details)

Long-Term Debt (Details)	12 Months Ended
	Mar. 31, 2017	Oct. 14, 2016USD ($)
Debt Instrument [Line Items]
Minimum ratio of EBITDA to fixed charges for dividend distributions	2
Senior Notes | Senior Secured $275 Million 8.50% Note
Debt Instrument [Line Items]
Debt instrument, face amount		$ 275,000,000
Debt instrument, interest rate		8.50%
Issue price, percent of face amount		99.085%
Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 60,000,000

Long-Term Debt First Lien Notes

Long-Term Debt First Lien Notes (Details) - Senior Notes - Senior Secured $275 Million 8.50% Note	Oct. 14, 2016
Debt Instrument [Line Items]
Debt instrument, interest rate	8.50%
Maximum allowed pledged voting capital stock	65.00%
Maximum allowed pledged non-voting capital stock	100.00%
Debt instrument, redemption percentage	101.00%

Long-Term Debt Credit Facility

Long-Term Debt Credit Facility (Details)	Oct. 14, 2016USD ($)	Dec. 31, 2016USD ($)	Mar. 31, 2017USD ($)
Debt Instrument [Line Items]
Unused lines of credit			$ 387,621,000
Minimum ratio of EBITDA to fixed charges for dividend distributions			2
Debt retirement expense	$ 73,000
Acceleration of deferred financing costs and amortization of debt discount		$ 2,266,000
Minimum
Debt Instrument [Line Items]
Minimum ratio of EBITDA to fixed charges for dividend distributions			2
Senior Notes | Senior Secured $275 Million 8.50% Note
Debt Instrument [Line Items]
Debt instrument, face amount	275,000,000
Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	60,000,000
Additional borrowing capacity	$ 15,000,000
Percent of accounts receivable borrowing base	85.00%
Percent of liquidation value inventory borrowing base	85.00%
Percent of inventory borrowing base	65.00%
Borrowing base deduction and customary reserves	$ 25,000,000
Unused lines of credit			$ 60,000,000
Maximum allowed unrestricted cash and cash equivalents	$ 180,000,000		$ 180,000,000
Maximum number of days allowed to have more than the maximum unrestricted cash and cash equivalents	7 days
Excess borrowing ability	$ 12,500,000
Excess borrowing ability percent	25.00%
Cash dominion period	30 days
Fixed charge ratio	1
Excess borrowing ability for fixed charge coverage ratio	$ 10,000,000
Excess borrowing ability for fixed charge coverage ratio, percent	20.00%
Financial covenant threshold	30 days
Commitment fee percentage	0.50%
Revolving Credit Facility | Minimum
Debt Instrument [Line Items]
Commitment fee percentage	0.375%
Revolving Credit Facility | Maximum
Debt Instrument [Line Items]
Commitment fee percentage	0.50%
London Interbank Offered Rate (LIBOR) [Member] | Revolving Credit Facility
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.50%
Base Rate [Member] | Revolving Credit Facility
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.50%

Long-Term Debt Senior Secured S

Long-Term Debt Senior Secured Second Lien Notes (Details) - USD ($)	Aug. 01, 2013	Aug. 01, 2013	Apr. 30, 2017	Dec. 31, 2016	Mar. 31, 2017
Debt Instrument [Line Items]
Acceleration of deferred financing costs and amortization of debt discount				$ 2,266,000
Senior Notes | 9.875% Senior Secured Second Lien Notes due 2021
Debt Instrument [Line Items]
Debt instrument, face amount	$ 735,000,000	$ 735,000,000
Debt discount (premium), percent	98.00%	98.00%
Proceeds from issuance of senior long-term debt	$ 720,300,000
Debt instrument, interest rate	9.875%	9.875%			9.875%
Debt instrument, redemption percentage		101.00%
Extinguishment of debt, amount					$ 28,409,000
Senior notes					691,591,000
Payments of debt extinguishment costs					71,000
Debt instrument, unamortized discount					3,409,000
Repayment of long-term borrowings					25,606,000
Acceleration of deferred financing costs and amortization of debt discount					$ 678,000
Senior Notes | 9.875% Senior Secured Second Lien Notes due 2021 | Maximum
Debt Instrument [Line Items]
Debt instrument, additional special interest, annual rate increase, per year	1.00%	1.00%
Subsequent Event | Senior Notes | 9.875% Senior Secured Second Lien Notes due 2021
Debt Instrument [Line Items]
Extinguishment of debt, amount			$ 28,645,000
Senior notes			662,946,000
Payments of debt extinguishment costs			72,000
Debt instrument, unamortized discount			3,730,000
Repayment of long-term borrowings			$ 24,915,000

Long-Term Debt Foreign Seasonal

Long-Term Debt Foreign Seasonal Lines of Credit (Details) $ in Thousands	12 Months Ended
	Mar. 31, 2017USD ($)
Debt Instrument [Line Items]
Line of credit facility, amount outstanding	$ 379,844
Unused lines of credit	387,621
Foreign Line of Credit
Debt Instrument [Line Items]
Line of credit facility, amount outstanding	475,863
Line of credit facility, current borrowing capacity	808,695
Unused lines of credit	12,988
Line of credit facility, amount issued but unfunded	$ 5,211
Foreign Line of Credit | Minimum
Debt Instrument [Line Items]
Borrowing period	180 days
Foreign Line of Credit | Maximum
Debt Instrument [Line Items]
Borrowing period	270 days

Long-Term Debt Long-Term Foreig

Long-Term Debt Long-Term Foreign Seasonal Borrowings (Details) $ in Thousands	Mar. 31, 2017USD ($)
Debt Instrument [Line Items]
Line of credit facility, amount outstanding	$ 379,844
Long-Term Foreign Line of Credit
Debt Instrument [Line Items]
Line of credit facility, amount outstanding	10,000
Line of credit facility, current borrowing capacity	$ 10,000

Long-Term Debt Summary of Debt

Long-Term Debt Summary of Debt (Details) - USD ($)	Mar. 31, 2017	Oct. 14, 2016	Mar. 31, 2016
Debt Instrument [Line Items]
Long-term debt, outstanding	$ 1,428,868,000		$ 1,386,559,000
Line of credit facility, amount outstanding	379,844,000
Short-term	475,863,000		475,989,000
Long-term debt current	10,046,000		356,000
Long-term debt	942,959,000		910,214,000
Long-term debt, total	953,005,000		910,570,000
Unused lines of credit	387,621,000
Long-term Debt, by Maturity [Abstract]
2,018	10,046,000
2,019	205,000
2,020	329,000
2,021	100,000
2,022	942,225,000
Later	$ 100,000
Accounting Standards Update 2015-03 | Long-term Debt
Long-term Debt, by Maturity [Abstract]
Unamortized debt issuance expense			9,875,000
9.875% Senior Secured Second Lien Notes due 2021
Debt Instrument [Line Items]
Debt instrument, interest rate	9.875%
Subordinated Debt [Member] | Senior Secured $275 Million 8.50% Note
Debt Instrument [Line Items]
Long-term debt, outstanding	$ 267,049,000		0
Line of credit facility, amount outstanding	$ 0
Debt instrument, interest rate	8.50%
Long-term debt, total	$ 275,000,000
Long-term Debt, by Maturity [Abstract]
2,018	0
2,019	0
2,020	0
2,021	0
2,022	267,049,000
Later	0
Unamortized debt issuance expense	5,648,000
Debt instrument, unamortized discount	2,303,000
Subordinated Debt [Member] | 9.875% Senior Secured Second Lien Notes due 2021
Debt Instrument [Line Items]
Long-term debt, outstanding	675,076,000		699,321,000
Line of credit facility, amount outstanding	$ 0
Debt instrument, interest rate	9.90%
Long-term debt, total	$ 691,591,000
Long-term Debt, by Maturity [Abstract]
2,018	0
2,019	0
2,020	0
2,021	0
2,022	675,076,000
Later	0
Unamortized debt issuance expense	7,694,000
Debt instrument, unamortized discount	8,821,000
Subordinated Debt [Member] | 9.875% Senior Secured Second Lien Notes due 2021 | As Previously Reported
Debt Instrument [Line Items]
Long-term debt, outstanding			709,196,000
Long-term Foreign Seasonal Borrowings
Debt Instrument [Line Items]
Long-term debt, outstanding	10,000,000		10,000,000
Line of credit facility, amount outstanding	$ 0
Debt, weighted average interest rate	4.10%
Long-term Debt, by Maturity [Abstract]
2,018	$ 10,000,000
2,019	0
2,020	0
2,021	0
2,022	0
Later	0
Other Long-term Debt [Member]
Debt Instrument [Line Items]
Long-term debt, outstanding	880,000		1,249,000
Line of credit facility, amount outstanding	$ 0
Debt, weighted average interest rate	7.20%
Long-term Debt, by Maturity [Abstract]
2,018	$ 46,000
2,019	205,000
2,020	329,000
2,021	100,000
2,022	100,000
Later	100,000
Notes Payable to Banks [Member]
Debt Instrument [Line Items]
Long-term debt, outstanding	475,863,000		475,989,000
Line of credit facility, amount outstanding	$ 319,844,000
Debt, weighted average interest rate	5.90%
Long-term Debt, by Maturity [Abstract]
2,018	$ 0
2,019	0
2,020	0
2,021	0
2,022	0
Later	0
Letter of Credit
Debt Instrument [Line Items]
Long-term debt, outstanding	5,211,000		4,733,000
Line of credit facility, amount outstanding	7,777,000
Senior Notes | Senior Secured $275 Million 8.50% Note
Debt Instrument [Line Items]
Debt instrument, interest rate		8.50%
Revolving Credit Facility
Debt Instrument [Line Items]
Unused lines of credit	60,000,000
Long-term Debt, by Maturity [Abstract]
Maximum allowed unrestricted cash and cash equivalents	180,000,000	$ 180,000,000
Revolving Credit Facility | Secured Debt | Revolver
Debt Instrument [Line Items]
Long-term debt, outstanding	0		200,000,000
Line of credit facility, amount outstanding	$ 0
Debt, weighted average interest rate	0.00%
Long-term Debt, by Maturity [Abstract]
2,018	$ 0
2,019	0
2,020	0
2,021	0
2,022	0
Later	0
Revolving Credit Facility | Secured Debt | ABL Credit Facility
Debt Instrument [Line Items]
Long-term debt, outstanding	0		0
Line of credit facility, amount outstanding	$ 60,000,000
Debt, weighted average interest rate	0.00%
Long-term Debt, by Maturity [Abstract]
2,018	$ 0
2,019	0
2,020	0
2,021	0
2,022	0
Later	0
Maximum allowed unrestricted cash and cash equivalents	180,000,000
Mashonaland Tobacco Company, LTD | Short Term Credit Facility
Debt Instrument [Line Items]
Short-term	130,600,000
Intabex | Mashonaland Tobacco Company, LTD | Short Term Credit Facility
Debt Instrument [Line Items]
Short-term	$ 84,258,000
Unused lines of credit			$ 15,742,000

Long-Term Leases (Details)

Long-Term Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Leases [Abstract]
Rent expense, operating leases	$ 21,689	$ 22,989	$ 22,622
Leases, Operating [Abstract]
2,018	18,150
2,019	10,096
2,020	7,056
2,021	4,716
2,022	2,259
Remaining	1,601
Operating Leases, Total	$ 43,878

Equity in Net Assets of Inves84

Equity in Net Assets of Investee Companies (Details) - USD ($) $ in Thousands	Mar. 26, 2014	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015	Apr. 02, 2014
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage			100.00%
Investment basis difference	$ 15,990	$ 10,104
Reduction in net income resulting from amortization of basis difference		1,518
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract]
Sales		232,145	$ 274,183	$ 297,474
Gross profit		23,739	42,143	33,246
Net income		3,072	15,254	11,394
Company's dividends received		4,307	1,887	$ 0
Equity Method Investment, Summarized Financial Information, Assets [Abstract]
Current assets		139,146	118,745
Property, plant and equipment and other assets		54,674	61,845
Equity Method Investment, Summarized Financial Information, Liabilities and Equity [Abstract]
Current liabilities		102,550	77,908
Long-term obligations and other liabilities		$ 7,432	$ 10,222
Transcontinental Leaf Tobacco India Private Ltd. (India)
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage		49.00%
Siam Tobacco Export Company (Thailand)
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage		49.00%
Adams International Ltd. (Thailand)
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage		49.00%
Oryantal Tutun Paketleme
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage		50.00%
Brazilian Subsidiary
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	49.00%
Ownership percentage sold	51.00%
China Brasil Tobacos Exportadora SA
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	49.00%
Ownership percentage sold	51.00%
Purilum LLC
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage					50.00%
Minimum
Schedule of Equity Method Investments [Line Items]
Amortization period of basis difference of assets and liabilities		1 year
Maximum
Schedule of Equity Method Investments [Line Items]
Amortization period of basis difference of assets and liabilities		10 years

Stock-Based Compensation Summar

Stock-Based Compensation Summarized Data for Stock Based Compensation Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Compensation expense for all stock based compensation plans	$ 1,712	$ 2,874	$ 3,194
Tax (expense) benefits for stock-based compensation	0	0	0
Fair value of stock options vested	$ 315	$ 2,043	$ 3,353

Stock-Based Compensation Incent

Stock-Based Compensation Incentive Plans (Details)	12 Months Ended
	Mar. 31, 2017shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Incentive plan, maximum shares authorized (in shares)	1,109,000
Incentive plan, shares available for grant reduction (in shares)	140,000
incentive plan, shares available for future awards (in shares)	828,000
Incentive plan, awards outstanding (in shares)	660,000
2016 Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Incentive plan, maximum shares authorized (in shares)	900,000
Incentive plan, shares granted (in shares)	142,000
Incentive plan, shares cancelled (in shares)	2,000
Incentive plan, shares vested (in shares)	22
incentive plan, shares available for future awards (in shares)	620,000
Incentive plan, awards outstanding (in shares)	118,000
2007 Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Incentive plan, maximum shares authorized (in shares)	209,000
incentive plan, shares available for future awards (in shares)	209,000
Incentive plan, awards outstanding (in shares)	542,000

Stock-Based Compensation Stock

Stock-Based Compensation Stock Option Awards (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Weighted Average Remaining Contractual Term, Outstanding at (in years)	1 month 6 days
Compensation expense	$ 1,712	$ 2,874	$ 3,194
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)	5 years
Stock option life (in years)	10 years
Options, grants in period (in shares)	0	0	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding at (in shares)	470,000	661,000	688,000
Forfeited (in shares)	(4,000)	(9,000)	(18,000)
Expired (in shares)	(8,000)	(182,000)	(9,000)
Outstanding at (in shares)	458,000	470,000	661,000
Vested and expected to vest at March 31, 2017 (in shares)	458,000
Exercisable at March 31, 2017 (in shares)	441,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Weighted Average Exercise Price, Outstanding at (usd per share)	$ 60.70	$ 60.37	$ 60.45
Forfeited, Weighted Average Exercise Price (usd per share)	66.73	66.21	61.49
Expired, Weighted Average Exercise Price (usd per share)	39.40	59.23	64.50
Weighted Average Exercise Price, Outstanding at (usd per share)	61	$ 60.70	$ 60.37
Vested and expected to vest at March 31, 2017, Weighted Average Exercise Price (usd per share)	61
Exercisable at March 31 2017, Weighted Average Exercise Price (usd per share)	$ 61.04
Weighted Average Remaining Contractual Term, Outstanding at (in years)	4 years 3 months 15 days
Vested and expected to vest at March 31, 2017, Weighted Average Remaining Contractual Term (in years)	4 years 3 months 15 days
Exercisable at March 31, 2017, Weighted Average Remaining Contractual Term (in years)	4 years 3 months 4 days
Outstanding at March 31, 2017, Aggregate Intrinsic Value	$ 0
Vested and expected to vest at March 31, 2017, Outstanding, Aggregate Intrinsic Value	0
Exercisable at March 31, 2017, Aggregate Intrinsic Value	0
Compensation expense	$ 277	$ 1,097	$ 1,363
Number of shares exercised (in shares)	0	0	0

Stock-Based Compensation Unvest

Stock-Based Compensation Unvested Stock Option Awards (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares [Roll Forward]
Unvested, Beginning Balance (in shares)	38
Forfeited (in shares)	(1)
Vested (in shares)	(20)
Unvested, Ending Balance (in shares)	17
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Unvested, Weighted Average Grant Date Fair Value (usd per share)	$ 15.80	$ 15.80
Forfeited, Weighted Average Exercise Price (usd per share)	15.80
Vested, Weighted Average Exercise Price (usd per share)	$ 15.80
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Aggregate Grant Date Fair Value [Roll Forward]
Unvested, Aggregate Grant Date Fair Value	$ 599
Forfeited, Aggregate Grant Date Fair Value	(9)
Vested, Aggregate Grant Date Fair Value	(315)
Unvested, Aggregate Grant Date Fair Value	275
Unearned compensation	$ 13
Weighted Average Remaining Contractual Term, (in years)	1 month 6 days

Stock-Based Compensation Restri

Stock-Based Compensation Restricted Stock (Details) - USD ($) $ / shares in Units, shares in Thousands	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Unearned compensation	$ 13,000
Compensation expense	$ 1,712,000	$ 2,874,000	$ 3,194,000
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Beginning balance (in shares)	0	0	20
Granted (in shares)	28	23	27
Vested (in shares)	(28)	(23)	(47)
Ending balance (in shares)	0	0	0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Beginning balance, Weighted Average Grant Date Fair Value (usd per share)	$ 0	$ 0	$ 38
Granted, Weighted Average Grant Date Fair Value (usd per share)	16.74	18.42	16.12
Vested, Weighted Average Grant Date Fair Value (usd per share)	16.74	18.42	25.39
Ending balance, Weighted Average Grant Date Fair Value (usd per share)	$ 0	$ 0	$ 0
Unearned compensation	$ 0
Compensation expense	$ 469,000	$ 417,000	$ 701,000

Stock-Based Compensation Rest90

Stock-Based Compensation Restricted Stock Units (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015	Jun. 26, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Unearned compensation	$ 13
Compensation expense	$ 1,712	$ 2,874	$ 3,194
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock units issued before restrictions lapse (in shares)	0
Award vesting period (in years)	3 years
Restricted stock units, other, vesting in first year, percent	50.00%
Restricted stock units, other, vesting in second and third years, percent	25.00%
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Beginning balance (in shares)	89,000	58,000	63,000
Granted (in shares)	64,000	58,000	22,000
Vested (in shares)	(48,000)	(25,000)	(21,000)
Forfeited (in shares)	(1,000)	(2,000)	(6,000)
Ending balance (in shares)	104,000	89,000	58,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Beginning balance, Weighted Average Grant Date Fair Value (usd per share)	$ 21.28	$ 34.18	$ 38.50
Granted, Weighted Average Grant Date Fair Value (usd per share)	17.19	14.73	27.20
Vested, Weighted Average Grant Date Fair Value (usd per share)	25.43	35.16	38.50
Forfeited, Weighted Average Grant Date Fair Value (usd per share)	22.41	38.50	38.50
Ending balance, Weighted Average Grant Date Fair Value (usd per share)	$ 16.84	$ 21.28	$ 34.18
Unearned compensation	$ 1,119
Compensation expense	$ 805	$ 1,113	$ 859
Exercise price (USD per share)				$ 60

Stock-Based Compensation Perfor

Stock-Based Compensation Performance-Based Restricted Stock Units (Details) - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Unearned compensation	$ 13,000
Compensation expense	$ 1,712,000	$ 2,874,000	$ 3,194,000
Performance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of compensation granted for goals not reached	0.00%
Percentage of compensation granted for maximum performance	200.00%
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Beginning balance (in shares)	52,000	83,000	62,000
Granted (in shares)	56,000	30,000	22,000
Forfeited (in shares)	(23,000)	(61,000)	(1,000)
Ending balance (in shares)	85,000	52,000	83,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Beginning balance, Weighted Average Grant Date Fair Value (usd per share)	$ 17.33	$ 35.52	$ 38.50
Granted, Weighted Average Grant Date Fair Value (usd per share)	17.76	10.11	27.20
Forfeited, Weighted Average Grant Date Fair Value (usd per share)	26.81	38.50	38.50
Ending balance, Weighted Average Grant Date Fair Value (usd per share)	$ 15.06	$ 17.33	$ 35.52
Shares expected to vest (in shares)	0
Unearned compensation	$ 0
Compensation expense	$ 0	$ (202,000)	$ 104,000
Performance-Based Restricted Stock Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)	2 years
Performance-Based Restricted Stock Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)	3 years

Stock-Based Compensation Cash-S

Stock-Based Compensation Cash-Settled Restricted Stock Units (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Unearned compensation	$ 13
Compensation expense	$ 1,712	$ 2,874	$ 3,194
Cash-Settled Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of cash settled awards issued (in shares)	0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Beginning balance (in shares)	29,000	44,000
Granted (in shares)		1,000
Vested (in shares)	(14,000)	(14,000)
Forfeited (in shares)	(2,000)	(2,000)
Ending balance (in shares)	13,000	29,000	44,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Beginning balance, Weighted Average Grant Date Fair Value (usd per share)	$ 26.85	$ 27.06
Granted, Weighted Average Grant Date Fair Value (usd per share)		19.65
Vested, Weighted Average Grant Date Fair Value (usd per share)	26.84	27.06
Forfeited, Weighted Average Grant Date Fair Value (usd per share)	25.82	27.20
Ending balance, Weighted Average Grant Date Fair Value (usd per share)	$ 27.01	$ 26.85	$ 27.06
Unearned compensation	$ 46
Compensation expense	$ 161	$ 488	$ 128

Stock-Based Compensation Cash93

Stock-Based Compensation Cash-Settled Performance-Based Restricted Stock Units (Details) - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Unearned compensation	$ 13,000
Compensation expense	$ 1,712,000	$ 2,874,000	$ 3,194,000
Cash-Settled Performance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Beginning balance (in shares)	42,000	44,000
Forfeited (in shares)	(42,000)	(2,000)
Ending balance (in shares)	0	42,000	44,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Beginning balance, Weighted Average Grant Date Fair Value (usd per share)	$ 27.10	$ 27.06
Forfeited, Weighted Average Grant Date Fair Value (usd per share)	27.10	27.20
Ending balance, Weighted Average Grant Date Fair Value (usd per share)	$ 0	$ 27.10	$ 27.06
Shares expected to vest (in shares)	0
Unearned compensation	$ 0
Compensation expense	$ 0	$ (39,000)	$ 39,000
Cash-Settled Performance-Based Restricted Stock Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of plan's target contingent on performance level attained	0.00%
Cash-Settled Performance-Based Restricted Stock Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of plan's target contingent on performance level attained	200.00%

Income Taxes Narrative (Details

Income Taxes Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2014
Income Tax Disclosure [Abstract]
Unrecognized tax benefits	$ 15,196	$ 16,675	$ 17,752	$ 12,635
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 7,710

Income Taxes Accounting for Unc

Income Taxes Accounting for Uncertainty in Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance at April 1	$ 16,675	$ 17,752	$ 12,635
Increase for current year tax positions	275	24	7,260
Reduction for prior year tax positions	(1,764)	(223)	(1,055)
Impact of changes in exchange rates	10	(878)	(1,088)
Balance at March 31	15,196	16,675	17,752
Unrecognized tax benefits, income tax penalties and interest accrued	255	(224)
Unrecognized tax benefits, interest on income taxes accrued	1,545	1,315
Unrecognized tax benefits, income tax penalties accrued	818	793
Unrecognized tax benefits, income tax penalties and interest expense, related to settlements	287
Unrecognized tax benefits including interest and taxes	17,558	18,784
Unrecognized tax benefits, reductions resulting from lapse of applicable statute of limitations	505
Decrease for current year tax positions	721
Foreign income tax adjustment	23,974	$ 26,476	$ 19,850
Unrecognized tax benefits may decrease in the next twelve months	$ 261
Foreign Tax Authority | Minimum
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Income Tax Examination, Open Tax Years	3 years
Foreign Tax Authority | Maximum
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Income Tax Examination, Open Tax Years	6 years
State and Local Jurisdiction | Minimum
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Income Tax Examination, Open Tax Years	3 years
State and Local Jurisdiction | Maximum
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Income Tax Examination, Open Tax Years	6 years
Zimbabwe High Court of Harare
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Foreign income tax adjustment	$ 9,000

Income Taxes Income Tax Provisi

Income Taxes Income Tax Provision (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Income Tax Disclosure [Abstract]
U.S.	$ (87,963)	$ (55,073)	$ (24,749)
Non-U.S.	48,321	146,747	15,810
Income (loss) before income taxes and other items	(39,642)	91,674	(8,939)
Current
Federal	(926)	0	0
State	0	0	0
Non-U.S.	23,974	26,476	19,850
Current income tax expense (benefit)	23,048	26,476	19,850
Deferred
Federal	0	0	0
State	0	0	0
Non-U.S.	432	5,739	2,068
Deferred, income tax expense (benefit)	432	5,739	2,068
Total	23,480	32,215	21,918
Income Tax Expense (Benefit), Continuing Operations, Income Tax Reconciliation [Abstract]
Tax expense (benefit) at U.S. statutory rate	(13,875)	32,086	(3,129)
Effect of non-U.S. income taxes	(6,410)	(15,131)	647
U.S. taxes on non-U.S. income	3,736	23,734	14,768
Foreign tax credits expiration	0	47,552	0
Change in valuation allowance	13,748	(47,135)	(14,908)
Increase (decrease) in reserves for uncertain tax positions	264	(1,203)	5,227
Change in tax rates	(308)	2,480	0
Exchange effects and currency translation	6,046	15,492	14,308
Permanent items	4,859	891	5,005
Write-down of state tax loss carryovers	6,430	0	0
Nontaxable gain - Zimbabwe subsidiary reconsolidation	0	(26,551)	0
Write-down of withholding tax recoverable	$ 8,990	$ 0	$ 0

Income Taxes Deferred Taxes (De

Income Taxes Deferred Taxes (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Mar. 31, 2016
Deferred tax liabilities:
Unremitted earnings of foreign subsidiaries	$ 30,581	$ 27,641
Intangible assets	8,397	9,334
Fixed assets	7,242	11,435
Total deferred tax liabilities	46,220	48,410
Deferred tax assets:
Reserves and accruals	(24,308)	(23,870)
Tax credits	(7,286)	(8,191)
Tax loss carryforwards	(125,601)	(104,337)
Derivative transactions	(669)	(892)
Postretirement and other benefits	(28,512)	(30,635)
Unrealized exchange loss	(4,046)	(12,645)
Other	(8,471)	(8,207)
Gross deferred tax assets	(198,893)	(188,777)
Valuation allowance	131,774	118,518
Total deferred tax assets	(67,119)	(70,259)
Net deferred tax asset	$ (20,899)	$ (21,849)

Income Taxes Deferred Tax Asset

Income Taxes Deferred Tax Assets by Current and Noncurrent (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Non-current asset	$ (38,507)	$ (38,773)
Non-current liability	17,608	16,924
Net deferred tax asset	$ (20,899)	$ (21,849)

Income Taxes Narrative 2 (Detai

Income Taxes Narrative 2 (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Income Tax Contingency [Line Items]
Increase (decrease) in deferred taxes assets for certain adjustments	$ (454)
Change in valuation allowance	(13,256)
Deferred tax assets, operating loss carryforwards, domestic	324,608
Deferred tax assets, operating loss carryforwards, foreign	75,873
Deferred tax assets, operating loss carryforwards, state and local	575,419
Deferred tax assets, tax credit carryforwards, foreign	4,348
Effective income tax rate reconciliation, repatriation of foreign earnings, amount	30,581
Foreign earnings repatriated	95,662
Undistributed earnings of foreign subsidiaries	353,032	$ 334,445
Foreign Tax Authority
Income Tax Contingency [Line Items]
Deferred tax assets, operating loss carryforwards, subject to expiration within five years	$ 29,129
Loss carryovers expiration period, in years	5 years
Deferred tax assets, operating loss carryforwards, subject to expiration	$ 31,586
Deferred tax assets, operating loss carryforwards, not subject to expiration	15,158
Deferred tax assets, tax credit carryforwards, foreign subject to expire in the next five years	2,195
Domestic Tax Authority
Income Tax Contingency [Line Items]
Deferred tax assets, operating loss carryforwards, subject to expiration within five years	$ 1,854
Loss carryovers expiration period, in years	5 years
Deferred tax assets, operating loss carryforwards, subject to expiration	$ 573,565
Adjustments in Other Comprehensive Income
Income Tax Contingency [Line Items]
Change in valuation allowance	(595)
Currency Translation Adjustments
Income Tax Contingency [Line Items]
Change in valuation allowance	$ 100

Employee Benefits Narrative (De

Employee Benefits Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2014	Mar. 31, 2017	Dec. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Plan settlements		$ 1,454
Special termination benefits		$ 14
Plan curtailments	$ 1,062
Reduction in the benefit obligation and accumulated other comprehensive income			$ (2,534)

Employee Benefits A Reconciliat

Employee Benefits A Reconciliation of Benefit Obligations (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2014	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Plan curtailments	$ (1,062)
Settlements/special termination benefits		$ (1,454)
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Employer contributions		4,843	$ 3,978	$ 4,009
U.S. Pension Plans
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation, beginning		99,632	107,423
Service cost		250	1,434	1,856
Interest cost		2,863	3,640	3,969
Plan amendments		0	0
Plan curtailments		0	(1,963)
Actuarial losses (gains)		(161)	(3,288)
Settlements/special termination benefits		(4,802)	0
Effects of currency translation		0	0
Benefits paid		(5,149)	(7,614)
Benefit obligation, ending		92,633	99,632	107,423
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets, beginning		40,982	44,921
Actual return on plan assets		2,954	(471)
Employer contributions		2,902	4,146
Plan settlements		(4,802)	0
Effects of currency translation		0	0
Fair value of plan assets, ending		36,887	40,982	44,921
Net amount recognized		(55,746)	(58,650)
Non-U.S. Pension Plans
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation, beginning		63,570	69,939
Service cost		226	271	173
Interest cost		1,728	2,146	2,711
Plan amendments		18	(4)
Plan curtailments		0	(256)
Actuarial losses (gains)		6,245	(5,025)
Settlements/special termination benefits		(123)	0
Effects of currency translation		(4,693)	(681)
Benefits paid		(2,433)	(2,820)
Benefit obligation, ending		64,538	63,570	69,939
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets, beginning		52,774	53,709
Actual return on plan assets		8,784	(289)
Employer contributions		2,868	3,211
Plan settlements		(136)	0
Effects of currency translation		(4,731)	(1,037)
Fair value of plan assets, ending		57,126	52,774	$ 53,709
Net amount recognized		$ (7,412)	$ (10,796)

Employee Benefits Schedule of N

Employee Benefits Schedule of Net Funded Status (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Mar. 31, 2016
Defined Benefit Plan Disclosure [Line Items]
Noncurrent benefit asset recorded in Other Noncurrent Assets	$ 7,555	$ 2,450
Accrued noncurrent benefit liability recorded in Pension, Postretirement and Other Long-Term Liabilities	(81,772)	(81,753)
U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Noncurrent benefit asset recorded in Other Noncurrent Assets	0	0
Accrued current benefit liability recorded in Accrued Expenses and Other Current Liabilities	(3,010)	(2,967)
Accrued noncurrent benefit liability recorded in Pension, Postretirement and Other Long-Term Liabilities	(52,736)	(55,683)
Net amount recognized	(55,746)	(58,650)
Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Noncurrent benefit asset recorded in Other Noncurrent Assets	7,555	2,450
Accrued current benefit liability recorded in Accrued Expenses and Other Current Liabilities	(1,224)	(1,166)
Accrued noncurrent benefit liability recorded in Pension, Postretirement and Other Long-Term Liabilities	(13,743)	(12,080)
Net amount recognized	$ (7,412)	$ (10,796)

Employee Benefits Pension Oblig

Employee Benefits Pension Obligations for all Defined Benefit Pension Plans (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Mar. 31, 2016
U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	$ 92,633	$ 99,632
Accumulated benefit obligation	92,633	99,632
Fair value of plan assets	36,887	40,982
Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	34,391	32,683
Accumulated benefit obligation	33,715	32,068
Fair value of plan assets	$ 19,423	$ 19,437

Employee Benefits Net Periodic

Employee Benefits Net Periodic Pension Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 250	$ 1,434	$ 1,856
Interest cost	2,863	3,640	3,969
Expected return on plan assets	(2,578)	(3,070)	(3,131)
Amortization of actuarial losses	1,136	1,809	1,440
Amortization of prior service cost	40	136	192
Curtailment loss	0	1,062	0
Special termination benefits	0	0	0
Effects of settlement	1,363	0	35
Net periodic pension cost	3,074	5,011	4,361
Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	226	271	173
Interest cost	1,728	2,146	2,711
Expected return on plan assets	(2,760)	(3,110)	(3,477)
Amortization of actuarial losses	905	1,388	740
Amortization of prior service cost	(1)	1	1
Curtailment loss	0	0	0
Special termination benefits	14	0	72
Effects of settlement	91	0	(13)
Net periodic pension cost	$ 203	$ 696	$ 207

Employee Benefits Amounts Showi

Employee Benefits Amounts Showing in Other Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Defined Benefit Plan Disclosure [Line Items]
Prior service credit (cost)	$ 2,552	$ 3,217
Net actuarial losses	(49,354)	(53,837)
Deferred taxes	10,148	10,818
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Beginning balance	(39,802)
Prior service credit (cost)	(665)
Net actuarial gains	4,483
Deferred taxes	(670)
Total change	3,148
Ending balance	(36,654)
U.S. and Non-U.S. Pension
Defined Benefit Plan Disclosure [Line Items]
Prior service credit (cost)	(490)	(516)
Net actuarial losses	(44,721)	(49,819)
Deferred taxes	10,456	11,347
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Beginning balance	(38,988)
Prior service credit (cost)	26
Net actuarial gains	5,098
Deferred taxes	(891)
Total change	4,233
Ending balance	(34,755)
U.S. and Non-U.S. Post-retirement
Defined Benefit Plan Disclosure [Line Items]
Prior service credit (cost)	3,042	3,733
Net actuarial losses	(4,633)	(4,018)
Deferred taxes	(308)	$ (529)
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Beginning balance	(814)
Prior service credit (cost)	(691)
Net actuarial gains	(615)
Deferred taxes	221
Total change	(1,085)
Ending balance	$ (1,899)

Employee Benefits Weighted Aver

Employee Benefits Weighted Average Assumptions (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Period of projection (in years)	10 years
Discount rate	9.74%	11.33%
U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Discount rate	3.86%	3.60%	4.20%
Rate of increase in future compensation		4.50%	4.50%
Expected long-term rate of return on plan assets	7.00%	7.25%	7.25%
Discount rate	3.90%	3.86%
Amount to be amortized from AOCI next year	$ (1,142)
Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Discount rate	3.38%	3.13%	4.30%
Rate of increase in future compensation	3.47%	3.56%	3.94%
Expected long-term rate of return on plan assets	5.63%	5.73%	6.83%
Discount rate	2.59%	3.38%
Rate of increase in future compensation	5.91%	3.47%
Amount to be amortized from AOCI next year	$ (943)

Employee Benefits Plan Assets (

Employee Benefits Plan Assets (Details)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocations	100.00%
Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocations	0.00%
Equity securities
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocations	36.00%
Debt securities
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocations	24.00%
Real estate and other investments
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocations	40.00%
U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Plan asset allocations	100.00%	100.00%
U.S. Pension Plans | Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Plan asset allocations	3.70%	3.20%
U.S. Pension Plans | Equity securities
Defined Benefit Plan Disclosure [Line Items]
Plan asset allocations	34.30%	34.60%
U.S. Pension Plans | Debt securities
Defined Benefit Plan Disclosure [Line Items]
Plan asset allocations	22.40%	22.80%
U.S. Pension Plans | Real estate and other investments
Defined Benefit Plan Disclosure [Line Items]
Plan asset allocations	39.60%	39.40%
Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Plan asset allocations	100.00%	100.00%
Non-U.S. Pension Plans | Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Plan asset allocations	34.50%	1.50%
Non-U.S. Pension Plans | Equity securities
Defined Benefit Plan Disclosure [Line Items]
Plan asset allocations	19.60%	58.80%
Non-U.S. Pension Plans | Debt securities
Defined Benefit Plan Disclosure [Line Items]
Plan asset allocations	10.60%	34.20%
Non-U.S. Pension Plans | Real estate and other investments
Defined Benefit Plan Disclosure [Line Items]
Plan asset allocations	35.30%	5.50%

Employee Benefits Fair Value of

Employee Benefits Fair Value of Plan Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Mar. 31, 2016
U.S. Pension Plans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Diversified funds	$ 33	$ 50
Estimate of Fair Value | U.S. Pension Plans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	1,342	1,326
U.S. equities / equity funds	7,649	8,712
International equities / equity funds	4,997	5,466
U.S. fixed income funds	7,251	8,178
International fixed income funds	1,028	1,169
Diversified funds	10,496	11,791
Real estate and other (1)	4,124	4,352
Total	36,887	40,994
Estimate of Fair Value | U.S. Pension Plans | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	851	815
U.S. equities / equity funds	7,649	8,712
International equities / equity funds	4,997	5,466
U.S. fixed income funds	7,251	8,178
International fixed income funds	1,028	1,169
Diversified funds	10,463	11,741
Real estate and other (1)	0	0
Total	32,239	36,081
Estimate of Fair Value | U.S. Pension Plans | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	491	511
U.S. equities / equity funds	0	0
International equities / equity funds	0	0
U.S. fixed income funds	0	0
International fixed income funds	0	0
Diversified funds	0	0
Real estate and other (1)	0	0
Total	491	511
Estimate of Fair Value | U.S. Pension Plans | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	0	0
U.S. equities / equity funds	0	0
International equities / equity funds	0	0
U.S. fixed income funds	0	0
International fixed income funds	0	0
Diversified funds	0	0
Real estate and other (1)	0	0
Total	0	0
Estimate of Fair Value | Non-U.S. Pension Plans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	19,749	776
U.S. equities / equity funds	0	7,340
International equities / equity funds	5,208	13,615
Global equity funds	6,000	10,083
U.S. fixed income funds	0	2,829
International fixed income funds	6,040	8,415
Global fixed income funds	0	6,813
Diversified funds	20,201	1,685
Real estate and other (1)	0	1,268
Total	57,198	52,824
Estimate of Fair Value | Non-U.S. Pension Plans | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	19,749	776
U.S. equities / equity funds	0	7,340
International equities / equity funds	0	4,335
Global equity funds	0	0
U.S. fixed income funds	0	2,829
International fixed income funds	0	0
Global fixed income funds	0	1,384
Diversified funds	0	1,685
Real estate and other (1)	0	1,268
Total	19,749	19,617
Estimate of Fair Value | Non-U.S. Pension Plans | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	0	0
U.S. equities / equity funds	0	0
International equities / equity funds	5,208	9,280
Global equity funds	6,000	10,083
U.S. fixed income funds	0	0
International fixed income funds	6,040	8,415
Global fixed income funds	0	5,429
Diversified funds	20,201	0
Real estate and other (1)	0	0
Total	37,449	33,207
Estimate of Fair Value | Non-U.S. Pension Plans | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	0	0
U.S. equities / equity funds	0	0
International equities / equity funds	0	0
Global equity funds	0	0
U.S. fixed income funds	0	0
International fixed income funds	0	0
Global fixed income funds	0	0
Diversified funds	0	0
Real estate and other (1)	0	0
Total	$ 0	$ 0

Employee Benefits Plan Asset Re

Employee Benefits Plan Asset Redemptions (Details) - U.S. Pension Plans - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Diversified funds	$ 33,000	$ 50,000
Real estate and other	$ 4,124,000	$ 4,352,000
Diversified Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Redemption Notice Period	0 days	0 days
Unfunded commitments	$ 0	$ 0
Real estate and other investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Redemption Notice Period	60 days	60 days
Unfunded commitments	$ 0	$ 0

Employee Benefits Cash Flows (D

Employee Benefits Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Estimated future employer contributions in 2017	$ 480
Employer contributions	4,843	$ 3,978	$ 4,009
U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Estimated future employer contributions in 2017	3,751
2,018	8,981
2,019	7,047
2,020	7,299
2,021	6,920
2,022	6,807
Years 2023-2027	31,888
Employer contributions	2,902	4,146
Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Estimated future employer contributions in 2017	2,571
2,018	2,996
2,019	2,805
2,020	2,492
2,021	2,949
2,022	2,632
Years 2023-2027	15,385
Employer contributions	2,868	3,211
U.S. Plans, Other Benfits
Defined Benefit Plan Disclosure [Line Items]
2,018	339
2,019	341
2,020	279
2,021	280
2,022	268
Years 2023-2027	1,320
Employer contributions	347	511
Non-U.S. Plans, Other Benfits
Defined Benefit Plan Disclosure [Line Items]
2,018	142
2,019	147
2,020	162
2,021	169
2,022	175
Years 2023-2027	991
Employer contributions	$ 102	$ 116

Employee Benefits Postretiremen

Employee Benefits Postretirement Health and Life Insurance Benefits (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2015	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Reduction in benefit obligation	$ 4,461
Discount rate		9.74%	11.33%
Health care cost trend rate assumed for next year		8.00%	8.00%
Ultimate trend rate		8.00%	8.00%
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Employer contributions		$ 4,843	$ 3,978	$ 4,009
Accrued non-current benefit liability recorded in Pension, Postretirement and Other Long-Term Liabilities		(81,772)	(81,753)
Estimated future employer contributions in 2017		480
U.S. Plans, Other Benfits
Defined Benefit Plan Disclosure [Line Items]
Other postretirement benefit expense		45
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation, beginning		4,217	8,841
Service cost		8	23	39
Interest cost		132	247	361
Effects of currency translation		0	0
Plan amendments		0	(3,933)
Actuarial losses (gains)		351	(450)
Benefits paid		(347)	(511)
Benefit obligation, ending		4,361	4,217	8,841
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets, beginning		0	0
Employer contributions		347	511
Benefits paid		(347)	(511)
Fair value of plan assets, ending		0	0	0
Net amount recognized		(4,361)	(4,217)
Accrued current benefit liability recorded in Accrued Expenses and Other Current Liabilities		(339)	(278)
Accrued non-current benefit liability recorded in Pension, Postretirement and Other Long-Term Liabilities		(4,022)	(3,939)
Amortization of prior service (credit) cost		(698)	(349)	(1,196)
Amortization of actuarial (gains) losses		413	432	450
Net periodic pension cost		(145)	353	(346)
Non-U.S. Plans, Other Benfits
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation, beginning		1,229	1,243
Service cost		4	3	3
Interest cost		148	113	154
Effects of currency translation		144	(107)
Plan amendments		0	0
Actuarial losses (gains)		662	93
Benefits paid		(102)	(116)
Benefit obligation, ending		2,085	1,229	1,243
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets, beginning		0	0
Employer contributions		102	116
Benefits paid		(102)	(116)
Fair value of plan assets, ending		0	0	0
Net amount recognized		(2,085)	(1,229)
Accrued current benefit liability recorded in Accrued Expenses and Other Current Liabilities		(142)	(96)
Accrued non-current benefit liability recorded in Pension, Postretirement and Other Long-Term Liabilities		(1,943)	(1,133)
Amortization of prior service (credit) cost		(11)	(10)	(14)
Amortization of actuarial (gains) losses		3	(2)	(5)
Net periodic pension cost		144	$ 104	$ 138
U.S. and Non-U.S. Post-retirement
Defined Benefit Plan Disclosure [Line Items]
Prior service credits to be amortized from AOCI next year		710
Actuarial net (gains) losses to be amortized from AOCI next year		$ 460

Segment Information (Details)

Segment Information (Details)	12 Months Ended
	Mar. 31, 2017segmentcountry
Segment Reporting Information [Line Items]
Number of countries, tobacco is purchased in (more than 35) | country	35
Number of countries, tobacco is shipped to | country	90
Number of geographical operating segments	5
Other Regions
Segment Reporting Information [Line Items]
Number of reportable segments	1
Africa, Asia, Europe and South America
Segment Reporting Information [Line Items]
Number of reportable segments	4

Segment Information Analysis of

Segment Information Analysis of Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Segment Reporting Information [Line Items]
Sales and other operating revenues:	$ 609,691	$ 454,535	$ 389,423	$ 261,101	$ 732,318	$ 491,139	$ 414,853	$ 266,282	$ 1,714,750	$ 1,904,592	$ 2,066,865
Operating income:									84,568	201,787	97,295
Debt retirement expense (income)									(300)	0	(771)
Interest expense									132,667	117,190	113,273
Interest income									8,157	7,077	6,268
Income (loss) before income taxes and other items									(39,642)	91,674	(8,939)
Segment assets:	1,971,872				1,968,198				1,971,872	1,968,198	1,622,460
Trade and other receivables, net	254,185				401,008				254,185	401,008	239,503
Goodwill:	16,463				16,463				16,463	16,463	2,794
Equity in net assets of investee companies:	51,443				57,243				51,443	57,243	53,678
Depreciation and amortization:									34,476	28,361	29,623
Capital expenditures:									12,737	17,786	22,673
North America
Segment Reporting Information [Line Items]
Goodwill:	2,794								2,794
Operating Segments | North America
Segment Reporting Information [Line Items]
Sales and other operating revenues:									396,217	468,098	440,985
Operating income:									15,333	25,230	40,437
Segment assets:	375,782				338,834				375,782	338,834	230,842
Trade and other receivables, net	40,212				48,229				40,212	48,229	26,781
Goodwill:	2,794				2,794				2,794	2,794	2,794
Equity in net assets of investee companies:	0				0				0	0	0
Depreciation and amortization:									7,543	6,432	5,618
Capital expenditures:									3,638	7,516	10,044
Operating Segments | Other Regions
Segment Reporting Information [Line Items]
Sales and other operating revenues:									1,318,533	1,436,494	1,625,880
Operating income:									69,235	176,557	56,858
Segment assets:	1,596,090				1,629,364				1,596,090	1,629,364	1,391,618
Trade and other receivables, net	213,973				352,779				213,973	352,779	212,722
Goodwill:	13,669				13,669				13,669	13,669	0
Equity in net assets of investee companies:	$ 51,443				$ 57,243				51,443	57,243	53,678
Depreciation and amortization:									26,933	21,929	24,005
Capital expenditures:									$ 9,099	$ 10,270	$ 12,629

Segment Information Geographica

Segment Information Geographical Locations (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales and other operating revenues:	$ 609,691	$ 454,535	$ 389,423	$ 261,101	$ 732,318	$ 491,139	$ 414,853	$ 266,282	$ 1,714,750	$ 1,904,592	$ 2,066,865
Property, Plant and Equipment, Net:	256,511				277,525				256,511	277,525	237,914
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales and other operating revenues:									272,161	311,634	363,964
Property, Plant and Equipment, Net:	56,028				59,713				56,028	59,713	57,861
China
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales and other operating revenues:									230,226	209,781	254,658
Belgium
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales and other operating revenues:									115,632	132,817	137,513
Russia
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales and other operating revenues:									87,461	116,941	118,233
Germany
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales and other operating revenues:									88,650	110,318	116,713
Indonesia
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales and other operating revenues:									75,346	82,867	58,609
Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales and other operating revenues:									845,274	940,234	1,017,175
Property, Plant and Equipment, Net:	6,088				9,193				6,088	9,193	4,001
Brazil
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, Plant and Equipment, Net:	77,653				82,307				77,653	82,307	87,161
Zimbabwe
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, Plant and Equipment, Net:	48,738				51,295				48,738	51,295	0
Malawi
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, Plant and Equipment, Net:	22,299				24,609				22,299	24,609	25,704
Tanzania
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, Plant and Equipment, Net:	20,997				22,831				20,997	22,831	23,610
Argentina
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, Plant and Equipment, Net:	6,580				6,914				6,580	6,914	7,390
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, Plant and Equipment, Net:	5,467				6,895				5,467	6,895	15,191
Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, Plant and Equipment, Net:	6,130				6,447				6,130	6,447	6,960
Zambia
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, Plant and Equipment, Net:	3,877				4,366				3,877	4,366	6,582
Turkey
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, Plant and Equipment, Net:	$ 2,654				$ 2,955				$ 2,654	$ 2,955	$ 3,454

Foreign Currency Translation (D

Foreign Currency Translation (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Foreign Currency Translation [Abstract]
(Gain) loss on foreign currency transactions	$ (11,816)	$ 6,498	$ 8,274

Contingencies and Other Info116

Contingencies and Other Information (Details) € in Thousands, $ in Thousands	Nov. 11, 2013EUR (€)	Apr. 12, 2007EUR (€)	Mar. 31, 2013USD ($)	Dec. 31, 2005USD ($)	Mar. 31, 2017USD ($)	Oct. 26, 2007USD ($)
Loss Contingencies [Line Items]
Non-cash benefit of excise tax used to offset taxes payable			$ 24,142	$ 24,142
Damages sought | €		€ 7,400
Fines related to litigation settlement | €	€ 48
Brazilian State of Parana | Tax Assessment
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss					$ 13,475	$ 4,158
Brazil State of Rio Grande do Sul and the State of Santa Catarina | Tax Assessment
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss					$ 2,393
IPI Credit Bonus
Loss Contingencies [Line Items]
Gain contingency, unrecorded amount			$ 94,316

Sale of Receivables (Details)

Sale of Receivables (Details)	12 Months Ended
	Mar. 31, 2017USD ($)program	Mar. 31, 2016USD ($)	May 31, 2017USD ($)	Feb. 24, 2017USD ($)
Derecognized Assets, Securitized or Asset-backed Financing Arrangement Assets [Line Items]
Number of accounts receivable securitization programs | program	2
Receivables sold, face value discounted, percentage	100.00%
Trade and other receivables reduced by net settlement	$ 11,985,000	$ 9,113,000
Receivables outstanding in facility as of March 31:	200,084,000	188,764,000
Beneficial interest as of March 31	38,206,000	40,368,000
Servicing Liability as of March 31	101,000	58,000
Cash purchase price	648,730,000	585,648,000
Deferred purchase price	231,658,000	233,753,000
Service fees	492,000	553,000
Total	880,880,000	819,954,000
Asset-backed Securities Program Number One
Derecognized Assets, Securitized or Asset-backed Financing Arrangement Assets [Line Items]
Trade receivables sold, maximum amount	100,000,000
Trade receivables sold, limit increasing fees	$ 1,468,000	$ 1,580,000
Service fee percentage	0.50%
Asset Backed Securities Program Number Two
Derecognized Assets, Securitized or Asset-backed Financing Arrangement Assets [Line Items]
Trade receivables sold, maximum amount				$ 110,000,000
Subsequent Event | Asset-backed Securities Program Number One
Derecognized Assets, Securitized or Asset-backed Financing Arrangement Assets [Line Items]
Trade receivables sold, maximum amount			$ 155,000,000

Fair Value Measurements Long-Te

Fair Value Measurements Long-Term Debt Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Mar. 31, 2016
Carrying value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	$ 953,006	$ 920,444
Estimate of Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	$ 867,825	$ 753,038

Fair Value Measurements Textual

Fair Value Measurements Textuals (Details) $ in Thousands	Mar. 31, 2017USD ($)
Securitized Beneficial Interests
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Sensitivity analysis of fair value, transferor's interests in transferred financial assets, impact of 10% adverse change in other assumption	$ 207
Sensitivity analysis of fair value, transferor's interests in transferred financial assets, impact of 20% adverse change in other assumption	413
Guarantees
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Sensitivity analysis of fair value, transferor's interests in transferred financial assets, impact of 10% adverse change in other assumption	983
Sensitivity analysis of fair value, transferor's interests in transferred financial assets, impact of 20% adverse change in other assumption	$ 1,946

Fair Value Measurements Assets

Fair Value Measurements Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - Estimate of Fair Value - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Mar. 31, 2017	Mar. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative financial instruments	$ 943	$ 0
Securitized beneficial interests	38,206	40,368
Total Assets	39,149	40,368
Guarantees	7,126	7,350
Derivative financial instruments	0	0
Total Liabilities	7,126	7,350
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative financial instruments	943	0
Securitized beneficial interests	0	0
Total Assets	943	0
Guarantees	0	0
Derivative financial instruments	0	0
Total Liabilities	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative financial instruments	0	0
Securitized beneficial interests	38,206	40,368
Total Assets	38,206	40,368
Guarantees	7,126	7,350
Derivative financial instruments	0	0
Total Liabilities	$ 7,126	$ 7,350

Fair Value Measurements Fair Va

Fair Value Measurements Fair Value, Measured on Recurring Basis Level 3 (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Securitized Beneficial Interests
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, assets measured on recurring basis, change in unrealized gain (loss) included in other income	$ 1,722	$ 1,521
Fair Value, Measurements, Recurring | Securitized Beneficial Interests
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	40,368	40,712
Sales of receivables/issuance of guarantees	229,580	249,326
Settlements	(227,495)	(246,009)
Losses recognized in earnings	(4,247)	(3,661)
Ending balance	38,206	40,368
Fair Value, Measurements, Recurring | Guarantees
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	7,350	8,650
Sales of receivables/issuance of guarantees	7,478	11,327
Settlements	(5,921)	(11,719)
Losses recognized in earnings	(1,781)	(908)
Ending balance	$ 7,126	$ 7,350

Fair Value Measurements Informa

Fair Value Measurements Information About Fair Value Measurements Using Significant Unobservable Inputs (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Discounted Cash Flow Valuation Technique | Securitized Beneficial Interests
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Fair Value of Unobservable Inputs	$ 38,206	$ 40,368
Discounted Cash Flow Valuation Technique | Guarantees of Farmers
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Fair Value of Unobservable Inputs	$ 4,276	$ 4,072
Discounted Cash Flow Valuation Technique | Minimum | Securitized Beneficial Interests
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Unobservable Input, Securitized Market Rate	2.90%	3.17%
Unobservable Input, Payment Speed	46 days	2273 hours
Discounted Cash Flow Valuation Technique | Minimum | Guarantees of Farmers
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Unobservable Input, Market Interest Rate	16.50%	15.80%
Discounted Cash Flow Valuation Technique | Maximum | Securitized Beneficial Interests
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Unobservable Input, Securitized Market Rate	4.37%	3.77%
Unobservable Input, Payment Speed	101 days	116 days
Discounted Cash Flow Valuation Technique | Maximum | Guarantees of Farmers
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Unobservable Input, Market Interest Rate	38.00%	22.00%
Historical Loss Valuation Technique | Guarantees of Farmers
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Fair Value of Unobservable Inputs	$ 2,850	$ 3,278
Historical Loss Valuation Technique | Minimum | Guarantees of Farmers
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Unobservable Input, Historical Loss	10.00%	5.00%
Historical Loss Valuation Technique | Maximum | Guarantees of Farmers
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Unobservable Input, Historical Loss	16.00%	15.90%

Selected Quarterly Financial123

Selected Quarterly Financial Data (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Sales and other operating revenues:	$ 609,691	$ 454,535	$ 389,423	$ 261,101	$ 732,318	$ 491,139	$ 414,853	$ 266,282	$ 1,714,750	$ 1,904,592	$ 2,066,865
Gross profit	67,545	65,152	50,281	34,051	72,784	68,738	54,874	29,398	217,029	225,794	243,499
Other income (expense)	585	2,688	2,104	(481)	105,302	594	(1,029)	560	4,896	105,427	(66)
Restructuring	307	450	577	41	1,801	1,525	(386)	2,948	1,375	5,888	9,118
Net income (loss)	(524)	(15,595)	(15,613)	(31,539)	100,840	11,685	(21,123)	(25,957)	(63,271)	65,445	(28,034)
Net earnings (loss) attributable to noncontrolling interest	(215)	(138)	44	(34)	28	(50)	(58)	(7)	(343)	(87)	(172)
Net income (loss) attributable to Alliance One International, Inc.	$ (309)	$ (15,457)	$ (15,657)	$ (31,505)	$ 100,812	$ 11,735	$ (21,065)	$ (25,950)	$ (62,928)	$ 65,532	$ (27,862)
Basic earnings (loss) attributable to Alliance One International, Inc. (USD per share)	$ (0.03)	$ (1.73)	$ (1.75)	$ (3.54)	$ 11.33	$ 1.32	$ (2.37)	$ (2.93)	$ (7.05)	$ 7.38	$ (3.16)
Diluted earnings (loss) attributable to Alliance One International, Inc. (USD per share)	(0.03)	(1.73)	(1.75)	(3.54)	11.33	1.32	(2.37)	(2.93)	(7.05)	7.38	$ (3.16)
Maximum
Market Price (USD per share)	19.50	19.81	22.69	27.23	17.94	21.03	26.47	25.40	27.23	26.47
Minimum
Market Price (USD per share)	$ 12.30	$ 13.75	$ 15.35	$ 14.40	$ 8.33	$ 10.35	$ 18.79	$ 10.80	$ 12.30	$ 8.33
Mashonaland Tobacco Company, LTD
Gain on reconsolidation of subsidiary									$ 0	$ 106,203	$ 0

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	1 Months Ended	12 Months Ended
	Apr. 30, 2017	Mar. 31, 2017	May 31, 2017
Senior Notes | 9.875% Senior Secured Second Lien Notes due 2021
Subsequent Event [Line Items]
Extinguishment of debt, amount		$ 28,409,000
Senior notes		691,591,000
Payments of debt extinguishment costs		71,000
Debt instrument, unamortized discount		3,409,000
Repayment of long-term borrowings		25,606,000
Senior Notes | Subsequent Event | 9.875% Senior Secured Second Lien Notes due 2021
Subsequent Event [Line Items]
Extinguishment of debt, amount	$ 28,645,000
Senior notes	662,946,000
Payments of debt extinguishment costs	72,000
Debt instrument, unamortized discount	3,730,000
Repayment of long-term borrowings	$ 24,915,000
Asset-backed Securities Program Number One
Subsequent Event [Line Items]
Trade receivables sold, maximum amount		$ 100,000,000
Asset-backed Securities Program Number One | Subsequent Event
Subsequent Event [Line Items]
Trade receivables sold, maximum amount			$ 155,000,000

Reconsolidation of MTC (Details

Reconsolidation of MTC (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Business Acquisition [Line Items]
Equity method investment, ownership percentage	100.00%		100.00%
Goodwill	$ 16,463	$ 16,463	$ 16,463	$ 2,794
Mashonaland Tobacco Company, LTD
Business Acquisition [Line Items]
Equity method investment, fair value	94,395		94,395
Goodwill	13,669		13,669
Gain on reconsolidation of subsidiary		$ 0	106,203	$ 0
Fair value of equity interest	94,395		$ 94,395
Reversal of reserve for deferred liabilities	11,808
Customer Relationships
Business Acquisition [Line Items]
Useful life (in years)		20 years
Customer Relationships | Mashonaland Tobacco Company, LTD
Business Acquisition [Line Items]
Indefinite-lived Intangible Assets Acquired	$ 24,830
Useful life (in years)	15 years

Reconsolidation of MTC Schedule

Reconsolidation of MTC Schedule of Business Acquisitions (Details) - USD ($)	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Business Acquisition [Line Items]
Short-term debt	$ 475,989,000	$ 475,863,000	$ 475,989,000
Mashonaland Tobacco Company, LTD
Business Acquisition [Line Items]
Cash and cash equivalents	10,277,000		10,277,000
Trade and other receivables, net	4,377,000		4,377,000
Net intercompany receivable (eliminated in consolidation)	100,423,000		100,423,000
Inventories	38,087,000		38,087,000
Other current assets	1,663,000		1,663,000
Property, plant and equipment	51,295,000		51,295,000
Goodwill and other intangible assets	38,499,000	38,499,000	38,499,000
Other noncurrent assets	288,000		288,000
Total assets acquired	244,909,000		244,909,000
Notes payable to banks	130,600,000		130,600,000
Accounts payable	3,344,000		3,344,000
Other current liabilities	5,480,000		5,480,000
Deferred tax liabilities	11,090,000		11,090,000
Total liabilities	150,514,000		150,514,000
Fair value of equity interest	$ 94,395,000		94,395,000
Mashonaland Tobacco Company, LTD | Short Term Credit Facility
Business Acquisition [Line Items]
Short-term debt		130,600,000
Intabex | Mashonaland Tobacco Company, LTD | Short Term Credit Facility
Business Acquisition [Line Items]
Short-term debt		84,258,000
Amount outstanding during period		$ 84,258,000	$ 84,258,000

Reconsolidation of MTC Pro Form

Reconsolidation of MTC Pro Forma Schedule (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Business Combinations [Abstract]
Revenues	$ 1,912,324	$ 2,077,732
Operating income	114,615	108,669
Net loss	$ (31,409)	$ (24,885)

Schedule II - Valuation and 128

Schedule II - Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Movement in Valuation Allowances and Reserves [Roll Forward]
Charged to Costs and Expenses	$ (5,545)	$ (169)	$ 12,446
Allowance for Doubtful Accounts
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	12,984	13,953	3,418
Charged to Costs and Expenses	(5,545)	(169)	12,456
Charged to Other Accounts	0	0	0
Deductions	449	800	1,921
Balance at End of Period	6,990	12,984	13,953
Valuation Allowance of Deferred Tax Assets
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	118,518	169,804	181,843
Charged to Costs and Expenses	13,748	(47,103)	(14,926)
Charged to Other Accounts	(595)	(3,370)	3,999
Deductions	(103)	813	1,112
Balance at End of Period	$ 131,774	$ 118,518	$ 169,804