BLACK BOX CORP - 10-K filing on 2012-05-21

Fair Value Disclosures

12 Months Ended

Mar. 31, 2012

Recurring fair value measurements

The following table presents information about the Company’s assets and liabilities measured at fair value on a recurring basis as of March 31, 2012, and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value.



	Assets at Fair Value as of
	March 31, 2012
	Level 1		Level 2		Level 3		Total
Foreign currency contracts	$	—	$	323	$	—	$	323



	Liabilities at Fair Value as of
	March 31, 2012
	Level 1		Level 2		Level 3		Total
Foreign currency contracts	$	—	$	1,272	$	—	$	1,272
Interest-rate swap	—		1,773		—		1,773
Total	$	—	$	3,045	$	—	$	3,045

Non-recurring fair value measurements

The Company’s assets and liabilities that are measured at fair value on a non-recurring basis include non-financial assets and liabilities initially measured at fair value in a business combination and Goodwill. As disclosed in Note 11, the Company completed acquisitions during Fiscal 2012 and Fiscal 2011 which included operating assets, liabilities and certain intangible assets. The Company utilized level 3 inputs to measure the fair value of these items. As disclosed in Note 5, the Company reduced the book value of Goodwill to fair value. The Company utilized level 3 inputs to measure the fair value of Goodwill.