Pyxus International (PYYX) 10-Q14 Feb 242024 Q3 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	9 Months Ended
Cover - shares	Dec. 31, 2023	Jan. 31, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 2023
Document Transition Report	false
Entity File Number	000-25734
Entity Registrant Name	Pyxus International, Inc.
Entity Incorporation, State or Country Code	VA
Entity Tax Identification Number	85-2386250
Entity Address, Address Line One	6001 Hospitality Court, Suite 100
Entity Address, City or Town	Morrisville,
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	27560
City Area Code	919
Local Phone Number	379-4300
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Emerging Growth Company	false
Entity Shell Company	false
Entity Bankruptcy Proceedings, Reporting Current	true
Entity Common Stock, Shares Outstanding		24,999,947
Entity Central Index Key	0000939930
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false
Current Fiscal Year End Date	--03-31

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Sales and other operating revenues	$ 529,816	$ 655,553	$ 1,631,161	$ 1,507,736
Cost of goods and services sold	437,268	567,752	1,376,802	1,311,861
Gross profit	92,548	87,801	254,359	195,875
Selling, general, and administrative expenses	42,381	37,119	116,477	106,694
Other expense, net	2,323	9,040	6,036	9,106
Restructuring and asset impairment charges	85	35	1,379	4,380
Operating income	47,759	41,607	130,467	75,695
Loss on deconsolidation/disposition of subsidiaries	0	0	0	648
Loss on pension settlement	12,008	0	12,008	2,588
Interest expense, net	31,994	31,361	95,785	85,649
Income (loss) before income taxes and other items	3,757	10,246	22,674	(13,190)
Income tax expense	6,156	17,887	16,360	15,810
Income from unconsolidated affiliates	6,578	5,404	6,531	10,708
Net income (loss)	4,179	(2,237)	12,845	(18,292)
Net income attributable to noncontrolling interests	344	96	111	241
Net income (loss) attributable to Pyxus International, Inc.	$ 3,835	$ (2,333)	$ 12,734	$ (18,533)
Earnings (loss) per share:
Basic (in USD per share)	$ 0.15	$ (0.09)	$ 0.51	$ (0.74)
Diluted (in USD per share)	$ 0.15	$ (0.09)	$ 0.51	$ (0.74)
Weighted average number of shares outstanding:
Basic (in shares)	25,000	25,000	25,000	25,000
Diluted (in shares)	25,000	25,000	25,000	25,000

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 4,179	$ (2,237)	$ 12,845	$ (18,292)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustment	2,185	4,855	1,347	1,001
Pension and other postretirement benefit plans	3,511	(78)	3,511	(1,640)
Cash flow hedges	(1,288)	(371)	(1,426)	(3,642)
Total other comprehensive income (loss), net of tax	4,408	4,406	3,432	(4,281)
Total comprehensive income (loss)	8,587	2,169	16,277	(22,573)
Comprehensive income attributable to noncontrolling interests	344	96	111	241
Comprehensive income (loss) attributable to Pyxus International, Inc.	$ 8,243	$ 2,073	$ 16,166	$ (22,814)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 90,245	$ 136,733	$ 216,449
Restricted cash	4,442	2,176	1,936
Trade receivables, net	227,529	185,351	205,991
Other receivables	11,988	17,387	16,336
Inventories, net	779,829	775,071	696,583
Advances to tobacco suppliers, net	87,790	42,305	79,669
Recoverable income taxes	4,604	5,815	7,053
Prepaid expenses	36,752	37,555	31,495
Other current assets	15,876	18,172	15,648
Total current assets	1,259,055	1,220,565	1,271,160
Investments in unconsolidated affiliates	93,619	100,750	94,099
Other intangible assets, net	35,030	38,572	39,732
Deferred income taxes, net	7,109	6,662	9,738
Long-term recoverable income taxes	2,648	2,863	3,444
Other noncurrent assets	31,687	43,761	43,086
Right-of-use assets	37,135	35,892	32,842
Property, plant, and equipment, net	135,097	133,398	136,556
Total assets	1,601,380	1,582,463	1,630,657
Current liabilities
Notes payable	472,972	382,544	492,326
Accounts payable	136,397	170,287	135,092
Advances from customers	42,589	42,472	30,826
Accrued expenses and other current liabilities	78,231	92,693	95,312
Income taxes payable	6,922	18,264	6,665
Operating leases payable	8,089	8,723	9,097
Current portion of long-term debt	20,251	75	97,282
Total current liabilities	765,451	715,058	866,600
Long-term taxes payable	2,678	4,978	4,850
Long-term debt	574,077	618,430	496,636
Deferred income taxes	5,992	9,900	12,770
Liability for unrecognized tax benefits	15,450	14,175	13,402
Long-term leases	27,523	25,581	23,663
Pension, postretirement, and other long-term liabilities	52,552	52,511	56,990
Total liabilities	1,443,723	1,440,633	1,474,911
Commitments and contingencies
Common Stock
Common Stock—no par value: Authorized shares (250,000 for all periods) Issued shares (25,000 for all periods)	389,789	390,290	390,290
Retained deficit	(245,220)	(257,954)	(237,346)
Accumulated other comprehensive income (loss)	8,947	5,515	(477)
Total stockholders’ equity of Pyxus International, Inc.	153,516	137,851	152,467
Noncontrolling interests	4,141	3,979	3,279
Total stockholders’ equity	157,657	141,830	155,746
Total liabilities and stockholders’ equity	$ 1,601,380	$ 1,582,463	$ 1,630,657

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Common stock, no par value (in USD per share)	$ 0	$ 0	$ 0
Common stock, shares authorized (in shares)	250,000,000	250,000,000	250,000,000
Common stock, shares, issued (in shares)	25,000,000	25,000,000	25,000,000

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Retained Deficit	Currency Translation Adjustment	Pensions, Net of Tax	Derivatives, Net of Tax	Noncontrolling Interests
Balance at beginning of period at Mar. 31, 2022	$ 181,371	$ 390,290	$ (218,813)	$ (8,873)	$ 6,328	$ 6,349	$ 6,090
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(14,505)		(14,663)				158
Other	(3,052)						(3,052)
Other comprehensive income (loss), net of tax	(556)			947		(1,503)
Balance at end of period at Jun. 30, 2022	163,258	390,290	(233,476)	(7,926)	6,328	4,846	3,196
Balance at beginning of period at Mar. 31, 2022	181,371	390,290	(218,813)	(8,873)	6,328	6,349	6,090
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(18,292)
Other comprehensive income (loss), net of tax	(4,281)
Balance at end of period at Dec. 31, 2022	155,746	390,290	(237,346)	(7,872)	4,688	2,707	3,279
Balance at beginning of period at Jun. 30, 2022	163,258	390,290	(233,476)	(7,926)	6,328	4,846	3,196
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(1,550)		(1,537)				(13)
Other comprehensive income (loss), net of tax	(8,131)			(4,801)	(1,562)	(1,768)
Balance at end of period at Sep. 30, 2022	153,577	390,290	(235,013)	(12,727)	4,766	3,078	3,183
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(2,237)		(2,333)				96
Other comprehensive income (loss), net of tax	4,406			4,855	(78)	(371)	0
Balance at end of period at Dec. 31, 2022	155,746	390,290	(237,346)	(7,872)	4,688	2,707	3,279
Balance at beginning of period at Mar. 31, 2023	141,830	390,290	(257,954)	(6,392)	8,335	3,572	3,979
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	770		804				(34)
Other comprehensive income (loss), net of tax	1,569			707		862
Balance at end of period at Jun. 30, 2023	144,169	390,290	(257,150)	(5,685)	8,335	4,434	3,945
Balance at beginning of period at Mar. 31, 2023	141,830	390,290	(257,954)	(6,392)	8,335	3,572	3,979
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	12,845
Other comprehensive income (loss), net of tax	3,432
Balance at end of period at Dec. 31, 2023	157,657	389,789	(245,220)	(5,045)	11,846	2,146	4,141
Balance at beginning of period at Jun. 30, 2023	144,169	390,290	(257,150)	(5,685)	8,335	4,434	3,945
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	7,896		8,095				(199)
Other	493						493
Other comprehensive income (loss), net of tax	(2,545)			(1,545)	0	(1,000)
Balance at end of period at Sep. 30, 2023	150,013	390,290	(249,055)	(7,230)	8,335	3,434	4,239
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	4,179		3,835				344
Other	(493)	(501)					8
Dividends paid	(450)						(450)
Other comprehensive income (loss), net of tax	4,408			2,185	3,511	(1,288)
Balance at end of period at Dec. 31, 2023	$ 157,657	$ 389,789	$ (245,220)	$ (5,045)	$ 11,846	$ 2,146	$ 4,141

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Operating Activities:
Net income (loss)	$ 12,845	$ (18,292)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization	14,228	14,678
Debt amortization/interest	6,653	15,339
Loss on foreign currency transactions	5,500	3,657
Asset impairment charges	0	4,035
Loss on deconsolidation/disposition of subsidiaries	0	648
Loss on pension settlement	12,008	2,588
Income from unconsolidated affiliates, net of dividends	7,129	814
Changes in operating assets and liabilities, net
Trade and other receivables	(170,076)	(91,242)
Inventories and advances to tobacco suppliers	(50,256)	18,493
Deferred items	(2,695)	(14,670)
Recoverable income taxes	(263)	2,369
Payables and accrued expenses	(41,526)	(29,808)
Advances from customers	6,751	(22,236)
Prepaid expenses	4,357	9,041
Income taxes	(9,676)	1,301
Other operating assets and liabilities	2,948	4,442
Other, net	(14,761)	(11,756)
Net cash used in operating activities	(216,834)	(110,599)
Investing Activities:
Purchases of property, plant, and equipment	(14,351)	(9,931)
Proceeds from sale of property, plant, and equipment	3,602	2,213
Collections from beneficial interests in securitized trade receivables	127,298	122,638
Proceeds from settlement of debt claims from deconsolidated subsidiaries	0	2,011
Other, net	329	486
Net cash provided by investing activities	116,878	117,417
Financing Activities:
Net proceeds from short-term borrowings	93,411	116,492
Repayment of DDTL facility	0	(110,250)
Proceeds from term loan facility	0	100,000
Proceeds from revolving loan facilities	216,000	80,000
Repayment of revolving loan facilities	(241,000)	(170,000)
Debt issuance costs	(5,091)	(6,074)
Fees paid to refinance the DDTL facility	0	(4,000)
Other, net	(758)	309
Net cash provided by financing activities	62,562	6,477
Effect of exchange rate changes on cash	(6,828)	3,776
(Decrease) increase in cash, cash equivalents, and restricted cash	(44,222)	17,071
Cash and cash equivalents at beginning of period	136,733	198,777
Restricted cash at beginning of period	2,176	2,537
Cash, cash equivalents, and restricted cash at end of period	94,687	218,385
Other information:
Cash paid for income taxes, net	18,336	14,455
Cash paid for income taxes related to debt exchange	12,543	0
Cash paid for interest, net	79,219	54,840
Noncash investing activities:
Noncash amounts obtained as a beneficial interest in exchange for transferring trade receivables in a securitization transaction	$ 127,502	$ 130,421

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	9 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	Basis of Presentation and Summary of Significant Accounting Policies The accompanying condensed consolidated financial statements represent the consolidation of Pyxus International, Inc. (the "Company", "Pyxus", "we", or "us") and all companies that Pyxus directly or indirectly controls, either through majority ownership or otherwise. These condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") for interim information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, they do not include the information and footnotes required by U.S. GAAP for annual financial statements. In the opinion of management, the normal and recurring adjustments necessary for fair statement of financial position, results of operations, and cash flows at the dates and for the periods presented have been included. Intercompany accounts and transactions have been eliminated. These condensed consolidated interim financial statements should be read in conjunction with the Company's consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2023 filed on June 6, 2023. Due to the seasonal nature of the Company’s business, the results of operations for a fiscal quarter are not necessarily indicative of the operating results that may be attained for other quarters or a full fiscal year.

New Accounting Standards

New Accounting Standards	9 Months Ended
New Accounting Standards	Dec. 31, 2023
Accounting Policies [Abstract]
New Accounting Standards	New Accounting Standards Accounting Pronouncements Not Yet Adopted In November 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2023-07, Segment Reporting: Improvements to Reportable Segment Disclosures . This ASU amends FASB Topic 280 to permit the disclosure of multiple measures of a segment's profit or loss, and requires an entity with a single reportable segment to apply FASB Topic 280 in its entirety. In addition, this ASU requires the following new segment disclosures: • Significant segment expenses by reportable segment if regularly provided to the Chief Operating Decision Maker ("CODM") and included within the reported measure of segment profit or loss; • Other segment items, which represents the difference between reported segment revenues less the significant segment expenses less reported segment profit or loss; and • Title and position of the CODM. Disclosures required under this new ASU and the existing segment profit or loss and assets disclosures currently required annually by FASB Topic 280 are to be disclosed in interim periods. The annual disclosure requirements are effective for the Company's fiscal year ending March 31, 2025, and the interim period disclosure requirements are effective beginning April 1, 2025. Early adoption is permitted. The Company is currently evaluating the impact that this new accounting standard will have on its segment disclosures. In December 2023, the FASB issued ASU No. 2023-09, Income Taxes: Improvements to Income Tax Disclosures , to provide more disaggregation of income tax information mainly related to the effective tax rate reconciliation and the income taxes paid disclosure requirements. Under the new accounting rules, the tabular effective tax rate reconciliation must include specific categories with certain reconciling items based on the expected tax further disaggregated by nature and/or jurisdiction. Income taxes paid, net of refunds received, must be broken out by federal, state, and foreign taxes, and further disaggregated by individual jurisdictions based on total income taxes paid. These new annual disclosure requirements are effective for the Company's fiscal year ending March 31, 2026. Early adoption is permitted. The Company is currently evaluating the impact that this new accounting standard will have on its income tax disclosures.

Revenue Recognition

Revenue Recognition	9 Months Ended
Revenue Recognition	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Product revenue is primarily from the sale of processed tobacco to customers. Processing and other revenues are mainly derived via contracts to process customer-owned green tobacco. During such processing, ownership remains with the customers. All Other revenue is primarily composed of revenue from the sale of e-liquids and non-tobacco agriculture products. The following disaggregates sales and other operating revenues by major source, with the All Other category being included for purposes of reconciliation of the respective balances below of the Leaf segment (the Company's sole reportable segment) to the condensed consolidated financial statements: Three Months Ended Nine Months Ended December 31, December 31, 2023 2022 2023 2022 Leaf: Product revenue $ 500,529 $ 625,129 $ 1,537,268 $ 1,423,612 Processing and other revenues 28,543 27,128 91,364 75,212 Total sales and other operating revenues 529,072 652,257 1,628,632 1,498,824 All Other: Total sales and other operating revenues 744 3,296 2,529 8,912 Total sales and other operating revenues $ 529,816 $ 655,553 $ 1,631,161 $ 1,507,736 The following summarizes activity in the allowance for expected credit losses: Three Months Ended Nine Months Ended December 31, December 31, 2023 2022 2023 2022 Balance, beginning of period $ (24,373) $ (23,698) $ (24,730) $ (24,541) Additions (631) (593) (1,189) (1,618) Write-offs and other adjustments 168 201 1,083 2,069 Balance, end of period (24,836) (24,090) (24,836) (24,090) Trade receivables 252,365 230,081 252,365 230,081 Trade receivables, net $ 227,529 $ 205,991 $ 227,529 $ 205,991

Restructuring and Asset Impairm

Restructuring and Asset Impairment Charges	9 Months Ended
Restructuring and Asset Impairment Charges	Dec. 31, 2023
Restructuring and Related Activities [Abstract]
Restructuring and Asset Impairment Charges	Restructuring and Asset Impairment Charges The Company continued its focus on cost-saving initiatives. The employee separation and asset impairment charges for the periods ended December 31, 2023 were primarily related to changes in the corporate organizational structure and the continued restructuring of certain leaf operations. The employee separation and asset impairment charges for the periods ended December 31, 2022 were primarily related to the restructuring of certain non-leaf agriculture operations. The following summarizes the Company's restructuring and asset impairment charges: Three Months Ended Nine Months Ended December 31, December 31, 2023 2022 2023 2022 Employee separation charges $ 85 $ 35 $ 1,379 $ 345 Asset impairment and other non-cash charges — — — 4,035 Restructuring and asset impairment charges $ 85 $ 35 $ 1,379 $ 4,380

Income Taxes

Income Taxes	9 Months Ended
Income Taxes	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For each period presented, the Company's quarterly provision for income taxes is not calculated using the annual effective tax rate method ("AETR method"), which applies an estimated annual effective tax rate to pre-tax income or loss. As of the end of the current period, market specific factors coupled with tax rate sensitivity caused the AETR method to produce an unreliable estimate of the Company’s annual effective tax rate; therefore, the Company recorded its interim income tax provision using the discrete method, as allowed under FASB ASC 740-270, Income Taxes - Interim Reporting . Using the discrete method, the Company determined income tax expense as if each of the nine-month interim periods reported were an annual period. The effective tax rate for the nine months ended December 31, 2023 and 2022 was 72.2% and (119.9)%, respectively. For the nine months ended December 31, 2023, the difference between the Company’s effective rate and the U.S. statutory rate of 21.0% is primarily due to increases in the Company's deferred tax valuation allowances, liability for unrecognized tax benefits, and variations in the jurisdictional mix of earnings.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	9 Months Ended
Earnings (Loss) Per Share	Dec. 31, 2023
Earnings Per Share [Abstract]
Earnings (Loss) Per Share	Earnings (Loss) Per Share The following summarizes the computation of earnings (loss) per share: Three Months Ended Nine Months Ended December 31, December 31, 2023 2022 2023 2022 Basic and diluted earnings (loss) per share: Net income (loss) attributable to Pyxus International, Inc. $ 3,835 $ (2,333) $ 12,734 $ (18,533) Shares: Weighted average number of shares outstanding 25,000 25,000 25,000 25,000 Basic and diluted earnings (loss) per share $ 0.15 $ (0.09) $ 0.51 $ (0.74)

Inventories, Net

Inventories, Net	9 Months Ended
Inventories, Net	Dec. 31, 2023
Inventory Disclosure [Abstract]
Inventories, Net	Inventories, Net The following summarizes the composition of inventories, net: December 31, 2023 December 31, 2022 March 31, 2023 Processed tobacco $ 659,028 $ 571,909 $ 498,398 Unprocessed tobacco 78,033 86,487 231,651 Other tobacco related 30,047 30,018 39,670 All Other 12,721 8,169 5,352 Total $ 779,829 $ 696,583 $ 775,071

Equity Method Investments

Equity Method Investments	9 Months Ended
Equity Method Investments	Dec. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	Equity Method Investments The following summarizes the Company's equity method investments as of December 31, 2023: Investee Name Location Primary Purpose Ownership Percentage Basis Difference Adams International Ltd. Thailand Purchase and process tobacco 49% $ (4,526) Alliance One Industries India Private Ltd. India Purchase and process tobacco 49% (5,770) China Brasil Tabaco Exportadora SA Brazil Purchase and process tobacco 49% 43,299 Oryantal Tütün Paketleme Sanayi ve Ticaret A.Ş. Turkey Process tobacco 50% (416) Purilum, LLC U.S. Produce flavor formulations and consumable e-liquids 50% 4,589 Siam Tobacco Export Company Thailand Purchase and process tobacco 49% (6,098) The following summarizes financial information for these equity method investments: Three Months Ended Nine Months Ended December 31, December 31, 2023 2022 2023 2022 Operations statement: Sales $ 179,798 $ 165,621 $ 306,085 $ 297,278 Gross profit 29,087 25,340 48,446 45,195 Net income 14,066 11,625 15,222 23,867 Company's dividends received — — 13,660 11,523 December 31, 2023 December 31, 2022 March 31, 2023 Balance sheet: Current assets $ 435,526 $ 395,381 $ 419,229 Property, plant, and equipment and other assets 47,922 41,000 48,174 Current liabilities 353,433 308,221 323,899 Long-term obligations and other liabilities 2,502 2,767 3,887

Variable Interest Entities

Variable Interest Entities	9 Months Ended
Variable Interest Entities	Dec. 31, 2023
Variable Interest Entities [Abstract]
Variable Interest Entities	Variable Interest Entities The Company holds variable interests in multiple entities that primarily procure or process inventory or are securitization entities. These variable interests relate to equity investments, receivables, guarantees, and securitized receivables. The following summarizes the Company's financial relationships with its unconsolidated variable interest entities: December 31, 2023 December 31, 2022 March 31, 2023 Investments in variable interest entities $ 86,889 $ 87,381 $ 93,754 Receivables with variable interest entities — 145 2,617 Guaranteed amounts to variable interest entities (not to exceed) 11,113 68,193 68,265

Other Intangible Assets, Net

Other Intangible Assets, Net	9 Months Ended
Other Intangible Assets, Net	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Other Intangible Assets, Net	Other Intangible Assets, Net The following summarizes the changes in the Company's other intangible assets, net: Nine Months Ended December 31, 2023 Weighted Average Remaining Useful Life Beginning Carrying Amount, Net Amortization Expense Ending Intangible Assets, Net Intangibles subject to amortization: Customer relationships 8.7 years $ 20,482 $ (1,631) $ 18,851 Technology 4.6 years 8,875 (1,306) 7,569 Trade names 10.7 years 9,215 (605) 8,610 Total $ 38,572 $ (3,542) $ 35,030 Year Ended March 31, 2023 Weighted Average Remaining Useful Life Beginning Carrying Amount, Net Amortization Expense Ending Intangible Assets, Net Intangibles subject to amortization: Customer relationships 9.4 years $ 23,568 $ (3,086) $ 20,482 Technology 5.2 years 11,471 (2,596) 8,875 Trade names 11.4 years 10,022 (807) 9,215 Total $ 45,061 $ (6,489) $ 38,572

Debt Arrangements

Debt Arrangements	9 Months Ended
Debt Arrangements	Dec. 31, 2023
Debt Disclosure [Abstract]
Debt Arrangements	Debt Arrangements The following summarizes debt and notes payable: December 31, December 31, March 31, (in thousands) Interest Rate 2023 2022 2023 Senior secured credit facilities: ABL Credit Facility 8.3 % (1) $ — $ — $ 25,000 Term Loan Facility (2) 11.7 % (1) — 97,177 — Senior secured notes: 10.0% Notes Due 2024 (3) 10.0 % (1) 20,169 273,593 19,931 8.5% Notes Due 2027 (4) 8.6 % (1) 254,367 — 253,483 Senior secured term loans: Intabex Term Loans (5) 13.4 % (1) 186,546 — 186,194 Pyxus Term Loans (6) 13.4 % (1) 133,053 — 133,393 Exit Facility Loans (7) 12.0 % (1) — 222,620 — Other Debt: Other long-term debt 8.5 % (1) 193 528 504 Notes payable (8) 9.3 % (1) 472,972 492,326 382,544 Total debt $ 1,067,300 $ 1,086,244 $ 1,001,049 Short-term (8) $ 472,972 $ 492,326 $ 382,544 Long-term: Current portion of long-term debt $ 20,251 $ 97,282 $ 75 Long-term debt 574,077 496,636 618,430 Total $ 594,328 $ 593,918 $ 618,505 Letters of credit $ 4,670 $ 14,337 $ 11,684 (1) Weighted average rate for the trailing twelve months ended December 31, 2023 or, for indebtedness outstanding only during a portion of such twelve-month period, for the portion of such period that such indebtedness was outstanding. (2) The amount outstanding at December 31, 2022 is net of original issue discount of $2,823. This Term Loan Facility was established through the refinancing of the DDTL Facility on July 28, 2022, which included a partial principal payment of $9,000 and an exit fee payment of $5,250. Subsequent to this refinancing, on February 6, 2023, the Term Loan Facility was exchanged for $102,000 (inclusive of a $2,000 exit fee) of Intabex Term Loans. (3) On February 6, 2023, $260,452 of the 10.0% Notes due 2024 were exchanged for 8.5% Notes due 2027. The remaining 10.0% Notes due 2024 outstanding of $20,169 is net of a debt discount of $222, and are reported in the current portion of long-term debt. Total repayment at maturity is $20,391. (4) Balance of $254,367 is net of a debt discount of $6,085. Total repayment at maturity is $260,452. (5) Balance of $186,546 is net of a debt discount of $2,487. Total repayment at maturity is $189,033, which includes a $2,000 exit fee payable upon repayment. (6) Balance of $133,053 is net of a debt premium of $2,503. Total repayment at maturity is $130,550. (7) On February 6, 2023, $189,033, representing 40.0% of the Exit Facility Loans, were exchanged for Intabex Term Loans, and $130,550, representing the remaining 60.0% of the Exit Facility Loans, were exchanged for Pyxus Term Loans. (8) Primarily foreign seasonal lines of credit. Outstanding Senior Secured Debt ABL Credit Facility On February 8, 2022, the Company’s wholly owned subsidiary, Pyxus Holdings, Inc. ("Pyxus Holdings"), certain subsidiaries of Pyxus Holdings (together with Pyxus Holdings, the "Borrowers"), and the Company and its wholly owned subsidiary, Pyxus Parent, Inc. ("Pyxus Parent"), as parent guarantors, entered into an ABL Credit Agreement (as amended, the "ABL Credit Agreement"), dated as of February 8, 2022, by and among Pyxus Holdings, as Borrower Agent, the Borrowers and parent guarantors party thereto, the lenders party thereto, and PNC Bank, National Association, as Administrative Agent and Collateral Agent, to establish an asset-based revolving credit facility (the "ABL Credit Facility"), the proceeds of which may be used to refinance existing senior bank debt, pay fees and expenses related to the ABL Credit Facility, partially fund capital expenditures, and provide for the ongoing working capital needs of the Borrowers. A detailed description of the ABL Credit Agreement is included in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2023 . The ABL Credit Agreement was amended on May 23, 2023 to extend the maturity of the ABL Credit Facility to February 8, 2027. The ABL Credit Agreement was amended on October 24, 2023 to, among other things: • increase the aggregate amount of the revolving loan commitments under the ABL Credit Facility to $120,000; • adjust the fee payable on unused borrowing availability under the ABL Credit Facility from a rate of 0.375% per annum to a rate of (i) 0.25% per annum if the outstanding borrowings equal or exceed $60,000 and (ii) 0.375% per annum if the outstanding borrowings are less than $60,000; • adjust the covenant restricting the prepayment of the New Term Loans, the 2024 Notes and the 2027 Notes (as such terms are defined below) to permit prepayments, subject to an aggregate limit of $100,000, based on excess borrowing availability under the ABL Credit Facility, after giving pro forma effect to the prepayment, being at least equal to a specified level, with an increased amount being permitted upon pro forma satisfaction of a minimum fixed charge coverage ratio; • adjust the events triggering application of the cash dominion provisions of the ABL Credit Agreement, in the absence of an event of default, to be if (i) excess borrowing availability under the ABL Credit Facility (based on the lesser of the commitments thereunder and the borrowing base) falls below the greater of $10,000 or 10% of the lesser of total commitments under the ABL Credit Facility at such time and the borrowing base at such time or (ii) Domestic Availability (as defined in the ABL Credit Agreement) being less than the greater of $20,000 or 20% of the lesser of total commitments under the ABL Credit Facility at such time and the borrowing base at such time, with similar adjustments to the events triggering termination of the application of the cash dominion provisions. The ABL Credit Facility may be used for revolving credit loans and letters of credit from time to time up to an initial maximum principal amount of $120,000, subject to the limitations described in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2023. The ABL Credit Facility includes a $20,000 uncommitted accordion feature that permits Pyxus Holdings, under certain conditions, to solicit the lenders under the ABL Credit Facility to provide additional revolving loan commitments to increase the aggregate amount of the revolving loan commitments under the ABL Credit Facility not to exceed a maximum principal amount of $140,000. At December 31, 2023, the Borrowers and the parent guarantors under the ABL Credit Agreement were in compliance with the covenants under the ABL Credit Agreement. Intabex Term Loans Pursuant to (i) an exchange offer (the "DDTL Facility Exchange") made to, and accepted by, holders of 100.0% of the outstanding term loans (the "DDTL Term Loans") under the Amended and Restated Term Loan Credit Agreement, effectuated pursuant to that certain Amendment and Restatement Agreement, dated as of June 2, 2022 (the "DDTL Credit Agreement"), by and among Intabex Netherlands B.V., as borrower ("Intabex"), the guarantors party thereto, the administrative agent and collateral agent thereunder, and the several lenders from time to time party thereto and (ii) an exchange offer (the "Exit Facility Exchange") made to, and accepted by, holders of 100.0% of the outstanding term loans (the "Exit Term Loans") under the Exit Term Loan Credit Agreement, dated as of August 24, 2020 (the "Exit Term Loan Credit Agreement"), by and among Pyxus Holdings, as borrower, the guarantors party thereto, the administrative agent and collateral agent thereunder, and the several lenders from time to time party thereto, on February 6, 2023, Pyxus Holdings entered into the Intabex Term Loan Credit Agreement, dated as of February 6, 2023 (the "Intabex Term Loan Credit Agreement"), by and among, Pyxus Holdings, the guarantors party thereto, the lenders party thereto and Alter Domus (US) LLC ("Alter Domus"), as administrative agent and senior collateral agent. The Intabex Term Loan Credit Agreement established a term loan credit facility in an aggregate principal amount of approximately $189,033 (the "Intabex Credit Facility"), under which term loans in the full aggregate principal amount of the Intabex Credit Facility (the "Intabex Term Loans") were deemed made in exchange for (i) $100,000 principal amount of the DDTL Term Loans, plus an additional $2,000 on account of the exit fee payable under the DDTL Credit Agreement and (ii) approximately $87,033 principal amount of Exit Term Loans, representing 40.0% of the outstanding principal amount thereof (including the applicable accrued and unpaid PIK interest thereon). The Intabex Term Loans bear interest, at Pyxus Holdings’ option, at either (i) a term SOFR rate (subject to a floor of 1.5%) plus 8.0% per annum or (ii) an alternate base rate plus 7.0% per annum. The Intabex Term Loans are stated to mature on December 31, 2027. A detailed description of the Intabex Term Loan Credit Agreement is included in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2023. At December 31, 2023, Pyxus Holdings and the guarantors under the Intabex Term Loan Credit Agreement were in compliance with all covenants under the Intabex Term Loan Credit Agreement. Pyxus Term Loans Pursuant to the Exit Facility Exchange, on February 6, 2023, Pyxus Holdings entered into the Pyxus Term Loan Credit Agreement, dated as of February 6, 2023 (the "Pyxus Term Loan Credit Agreement"), by and among, Pyxus Holdings, the guarantors party thereto, the lenders party thereto and Alter Domus, as administrative agent and senior collateral agent, to establish a term loan credit facility in an aggregate principal amount of approximately $130,550 (the "Pyxus Credit Facility"), under which term loans in the full aggregate principal amount of the Pyxus Credit Facility (the "Pyxus Term Loans" and, together with the Intabex Term Loans, the "New Term Loans") were deemed made in exchange for 60.0% of the outstanding principal amount of Exit Term Loans (including the applicable accrued and unpaid PIK interest thereon). The Pyxus Term Loans bear interest, at Pyxus Holdings’ option, at either (i) a term SOFR rate (subject to a floor of 1.5%) plus 8.0% per annum or (ii) an alternate base rate plus 7.0% per annum. The Pyxus Term Loans are stated to mature on December 31, 2027. A detailed description of the Pyxus Term Loan Credit Agreement is included in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2023. At December 31, 2023, Pyxus Holdings and the guarantors under the Pyxus Term Loan Credit Agreement were in compliance with all covenants under the Pyxus Term Loan Credit Agreement. 8.50% Senior Secured Notes due 2027 Pursuant to an exchange offer (the "Notes Exchange" and, together with the DDTL Facility Exchange and the Exit Facility Exchange, the "Debt Exchange Transactions") made by Pyxus Holdings and accepted by holders of approximately 92.7% of the aggregate principal amount of the outstanding 10.0% Senior Secured First Lien Notes due 2024 issued by Pyxus Holdings (the "2024 Notes") pursuant to that certain Indenture, dated as of August 24, 2020 (the "2024 Notes Indenture"), by and among Pyxus Holdings, the guarantors party thereto and the trustee, collateral agent, registrar and paying agent thereunder, on February 6, 2023, Pyxus Holdings issued approximately $260,452 in aggregate principal amount of 8.5% Senior Secured Notes due December 31, 2027 (the "2027 Notes" and, together with the New Term Loans, the "New Secured Debt") to the exchanging holders of the 2024 Notes for an equal principal amount of 2024 Notes. The 2027 Notes were issued pursuant to the Indenture, dated as of February 6, 2023 (the "2027 Notes Indenture"), among Pyxus Holdings, the guarantors party thereto, and Wilmington Trust, National Association, as trustee, and Alter Domus, as collateral agent. The 2027 Notes bear interest at a rate of 8.5% per annum, which interest is computed on the basis of a 360-day year comprised of twelve 30-day months. The 2027 Notes are stated to mature on December 31, 2027. A detailed description of the 2027 Notes and the 2027 Notes Indenture is included in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2023. At December 31, 2023, Pyxus Holdings and the guarantors of the 2027 Notes were in compliance with all covenants under the 2027 Notes Indenture. Refinanced Senior Secured Debt DDTL Facility On April 23, 2021 (the “DDTL Closing Date”), Intabex entered into a Term Loan Credit Agreement (as amended on May 21, 2021, the "Initial DDTL Facility Credit Agreement"), dated as of April 23, 2021, by and among (i) Intabex, as borrower, (ii) the Company, Pyxus Parent, Pyxus Holdings, Alliance One International, LLC, Alliance One International Holdings, Ltd, as guarantors (collectively, the "Parent Guarantors"), (iii) the lenders thereto, which included certain funds managed by Glendon Capital Management, L.P., Monarch Alternative Capital LP, and Owl Creek Asset Management, L.P. (collectively and, together other lenders that became parties thereto as lenders, the "DDTL Facility Lenders"), and (iv) Alter Domus, as administrative agent and collateral agent. The Initial DDTL Facility Credit Agreement established a $120,000 delayed-draw term loan credit facility (the "Initial DDTL Facility") under which the full amount was drawn (the "Initial DDTL Loans") by March 31, 2022. The obligations of Intabex under the Initial DDTL Facility Credit Agreement (and certain related obligations) were (a) guaranteed by the Parent Guarantors and Alliance One International Tabak B.V., an indirect subsidiary of the Company, and each of the Company’s domestic and foreign subsidiaries that was or became a guarantor of borrowings under the Exit Term Loan Credit Agreement and (b) was secured by the pledge of all of the outstanding equity interests of (i) Alliance One Brasil Exportadora de Tabacos Ltda. ("AO Brazil"), which principally operates the Company’s leaf tobacco operations in Brazil, and (ii) Alliance One International Tabak B.V., which owns a 0.001% interest of AO Brazil. The Initial DDTL Credit Facility Agreement was amended and restated by the DDTL Credit Agreement, which established a $100,000 term loan credit facility (the "DDTL Term Loan Facility") and required that Intabex use the net proceeds of the DDTL Term Loans made thereunder and other funds to repay in full its obligations under the Initial DDTL Facility Credit Agreement, including the outstanding principal of, and accrued and unpaid interest on, borrowings under the Initial DDTL Facility and the payment of fees and expenses incurred in connection with repaying such borrowings and incurring the DDTL Term Loans under the DDTL Credit Agreement. The DDTL Term Loans were exchanged upon consummation of the DDTL Facility Exchange on February 6, 2023. Exit Term Loan Credit Facility On August 24, 2020, pursuant to the Exit Term Loan Credit Agreement, Pyxus Holdings became obligated with respect to the Exit Term Loans in an aggregate principal amount of approximately $213,418. Pyxus Holdings’ obligations under the Exit Term Loan Credit Agreement (and certain related obligations) were (a) guaranteed by Pyxus Parent, Inc. and the Company, all of Pyxus Holdings’ material domestic subsidiaries and certain of Pyxus Holdings’ foreign subsidiaries, and each of Pyxus Holdings’ material domestic subsidiaries was required to guarantee the Exit Term Loan Credit Agreement on a senior secured basis and (b) secured by specified collateral owned by Pyxus Holdings and such guarantors. The Exit Term Loans were exchanged upon consummation of the DDTL Facility Exchange and the Exit Facility Exchange on February 6, 2023. Related Party Transactions The Company, Pyxus Parent and Pyxus Holdings (collectively, the "Holding Companies") entered into a Support and Exchange Agreement, effective as of December 27, 2022 (as amended, including by joinders thereto, the "Support Agreement"), with a group of creditors, including Glendon Capital Management LP, Monarch Alternative Capital LP, Nut Tree Capital Management, L.P., Intermarket Corporation and Owl Creek Asset Management, L.P. on behalf of certain funds managed by them and/or certain of their advisory clients, as applicable (collectively, the "Supporting Holders"), holding in aggregate: • approximately 99.7% of the DDTL Term Loans outstanding under the DDTL Credit Agreement; • approximately 68.1% of the Exit Term Loans outstanding under the Exit Term Loan Credit Agreement; and • approximately 64.1% of the 2024 Notes outstanding under the 2024 Notes Indenture. Pursuant to the Support Agreement, the Supporting Holders agreed to participate in the Debt Exchange Transactions. Based on a Schedule 13D/A filed with the SEC on January 4, 2023 by Glendon Capital Management, L.P. (the "Glendon Investor"), Glendon Opportunities Fund, L.P. and Glendon Opportunities Fund II, L.P., Glendon Capital Management, L.P. reported beneficial ownership of 7,939 shares of the Company’s common stock, representing approximately 31.8% of the outstanding shares of the Company’s common stock. Based on a Schedule 13D/A filed with the SEC on January 23, 2023, by Monarch Alternative Capital LP (the "Monarch Investor"), MDRA GP LP and Monarch GP LLC, Monarch Alternative Capital LP reported beneficial ownership of 6,140 shares of the Company’s common stock, representing approximately 24.6% of the outstanding shares of the Company’s common stock. Based on a Schedule 13G/A filed with the SEC on February 10, 2022 by Owl Creek Asset Management, L.P. and Jeffrey A. Altman, Owl Creek Asset Management, L.P. is the investment manager of certain funds and reported beneficial ownership of 2,405 shares of the Company’s common stock on December 31, 2021, representing approximately 9.6% of the outstanding shares of the Company’s common stock. A representative of the Glendon Investor and a representative of the Monarch Investor served as directors of Pyxus at the time the Company and its applicable subsidiaries entered into the Initial DDTL Credit Facility Agreement, the amendments thereto (including the DDTL Credit Agreement) and the Support Agreement, effected borrowings under the Initial DDTL Credit Facility Agreement and the DDTL Credit Agreement and commenced the Debt Exchange Transactions. The Initial DDTL Credit Facility Agreement and the amendments thereto (including the DDTL Credit Agreement), any and all borrowings thereunder, the related guaranty transactions, the Support Agreement, and the Debt Exchange Transactions, including the Intabex Term Loan Credit Agreement, the Intabex Term Loans, the Pyxus Term Loan Credit Agreement, the Pyxus Term Loans, the 2027 Notes and the 2027 Notes Indenture were approved, and determined to be on terms and conditions at least as favorable to the Company and its subsidiaries as could reasonably have been obtained in a comparable arm’s-length transaction with an unaffiliated party, by a majority of the disinterested members of the Board of Directors of Pyxus. Other Outstanding Debt 2024 Notes In conjunction with the Notes Exchange, Pyxus Holdings received consents from requisite holders of 2024 Notes to amend the 2024 Notes Indenture, the 2024 Notes and the related intercreditor and security documents to, among other things, (i) eliminate most of the restrictive covenants and certain of the affirmative covenants in the 2024 Notes Indenture, (ii) eliminate the change of control repurchase obligation in the 2024 Notes Indenture, (iii) subordinate the 2024 Notes in right of payment to existing and future senior indebtedness (including the New Secured Debt), (iv) eliminate certain events of default and (v) release all of the collateral securing the 2024 Notes. On February 6, 2023, the relevant parties to the 2024 Notes Indenture entered into the Second Supplemental Indenture, dated as of February 6, 2023 (the "2024 Notes Supplemental Indenture"), to the 2024 Notes Indenture, pursuant to which the 2024 Notes Indenture, the 2024 Notes and the related intercreditor and security documents were amended to effect these changes. The 2024 Notes bear interest at a rate of 10.0% per year, payable semi-annually in arrears in cash on February 15 and August 15 of each year. The 2024 Notes are stated to mature on August 24, 2024. At December 31, 2023, Pyxus Holdings and the guarantors of the 2024 Notes were in compliance with all covenants under the 2024 Notes Indenture, as amended by the 2024 Notes Supplemental Indenture. Foreign Seasonal Lines of Credit Excluding long-term credit agreements, the Company typically finances its foreign operations with uncommitted short-term seasonal lines of credit arrangements with a number of banks. These operating lines are generally seasonal in nature, typically extending for a term of 180 days to 365 days corresponding to the tobacco crop cycle in that location. These facilities are typically uncommitted in that the lenders have the unilateral right to cease making loans and demand repayment of loans at any time or at specified dates. These loans are generally renewed at the outset of each tobacco season. Certain of the foreign seasonal lines of credit are secured by trade receivables and inventories as collateral and are guaranteed by the Company and certain of its subsidiaries. As of December 31, 2023, the total borrowing capacity under individual foreign seasonal lines of credit range up to $160,416. As of December 31, 2023, the aggregate amount available for borrowing under the seasonal lines of credit was $250,164. At December 31, 2023 , the Company was permitted to borrow under foreign seasonal lines of credit up to a total $700,260 , subject to limitations under the ABL Credit Agreement and the agreements governing the New Secured Debt. At December 31, 2023 , $976 of cash was held on deposit as a compensating balance. At December 31, 2023, the Company, and its subsidiaries, were in compliance with the covenants associated with its short-term seasonal lines of credit.

Securitized Receivables

Securitized Receivables	9 Months Ended
Securitized Receivables	Dec. 31, 2023
Transfers and Servicing [Abstract]
Securitized Receivables	Securitized Receivables The Company sells trade receivables to unaffiliated financial institutions under four accounts receivable securitization facilities, two of which are subject to annual renewal. Under the first facility, the Company continuously sells a designated pool of trade receivables to a special purpose entity, which sells 100% of the receivables to an unaffiliated financial institution. As of December 31, 2023, the investment limit of this facility was $100,000 of trade receivables. For the other facilities, the Company offers trade receivables for sale to an unaffiliated financial institution, which are then subject to acceptance by the unaffiliated financial institution. As of December 31, 2023, the investment limit under the second facility was $110,000 of trade receivables. As of December 31, 2023, the investment limit under the third and fourth facilities were variable based on qualifying sales. As the servicer of the first and second 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 December 31, 2023 and 2022, and March 31, 2023, trade receivables, net in the condensed consolidated balance sheets has been reduced by $5,813, $12,280, and $3,193 as a result of the net settlement, respectively. Refer to " Note 1 5 . Fair Value Measurements " for additional information. The following summarizes the Company's accounts receivable outstanding in the securitization facilities, which represents trade receivables sold into the program that have not been collected from the customer, and related beneficial interests, which represents the Company's residual interest in receivables sold that have not been collected from the customer: December 31, 2023 December 31, 2022 March 31, 2023 Receivables outstanding in facility $ 136,203 $ 270,042 $ 173,979 Beneficial interests 14,312 37,650 19,522 Cash proceeds from the sale of trade receivables is comprised of a combination of cash and a deferred purchase price receivable. Deferred purchase price receivable is realized after the collection of the underlying trade receivables sold by the purchasers. The following summarizes the Company's cash purchase price and deferred purchase price: Nine Months Ended December 31, 2023 2022 Cash proceeds: Cash purchase price $ 481,858 $ 574,977 Deferred purchase price 127,298 122,638

Guarantees

Guarantees	9 Months Ended
Guarantees	Dec. 31, 2023
Guarantees [Abstract]
Guarantees	Guarantees In certain markets, the Company guarantees bank loans for suppliers to finance their crops. The Company also guarantees bank loans of certain unconsolidated subsidiaries. The following summarizes amounts guaranteed and the fair value of those guarantees: December 31, 2023 December 31, 2022 March 31, 2023 Amounts guaranteed (not to exceed) $ 63,967 $ 129,837 $ 152,032 Amounts outstanding under guarantee (1) 38,083 48,376 83,420 Fair value of guarantees 1,703 1,752 5,262 Amounts due to local banks on behalf of suppliers for government subsidized rural credit financing 42 113 12,529 (1) Most of the guarantees outstanding at December 31, 2023 expire within one year.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
Derivative Financial Instruments	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments The Company uses forward or option currency contracts to manage risks associated with foreign currency exchange rates on foreign operations. These contracts are for green tobacco purchases, processing costs, and selling, general, and administrative expenses. The Company recorded a net gain of $1,548 and $4,368 from its derivative financial instruments in cost of goods and services sold for the three and nine months ended December 31, 2023, respectively. The Company recorded a net gain of $1,966 and $4,676 from its derivative financial instruments in cost of goods and services sold for the three and nine months ended December 31, 2022, respectively. As of December 31, 2023 and 2022, and March 31, 2023, the Company recorded current derivative assets The following summarizes the U.S. Dollar notional amount of derivative contracts outstanding: December 31, 2023 December 31, 2022 March 31, 2023 U.S. Dollar notional outstanding $ — $ 32,000 $ 63,622

Fair Value Measurements

Fair Value Measurements	9 Months Ended
Fair Value Measurements	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The following summarizes the financial assets and liabilities measured at fair value on a recurring basis: December 31, 2023 December 31, 2022 March 31, 2023 Level 2 Level 3 Total Level 2 Level 3 Total Level 2 Level 3 Total Financial Assets: Derivative financial instruments $ — $ — $ — $ 678 $ — $ 678 $ 3,970 $ — $ 3,970 Securitized beneficial interests — 14,312 14,312 — 37,650 37,650 — 19,522 19,522 Total assets $ — $ 14,312 $ 14,312 $ 678 $ 37,650 $ 38,328 $ 3,970 $ 19,522 $ 23,492 Financial Liabilities: Long-term debt (1) 492,114 200 492,314 419,020 532 419,552 523,758 514 524,272 Guarantees — 1,703 1,703 — 1,752 1,752 — 5,262 5,262 Total liabilities $ 492,114 $ 1,903 $ 494,017 $ 419,020 $ 2,284 $ 421,304 $ 523,758 $ 5,776 $ 529,534 (1) This fair value measurement disclosure does not affect the condensed consolidated balance sheets. The following summarizes the reconciliation of changes in Level 3 instruments measured on a recurring basis: Three Months Ended December 31, 2023 2022 Securitized Beneficial Interests Long-Term Debt Guarantees Securitized Beneficial Interests Long-Term Debt Guarantees Beginning balance $ 24,393 $ 507 $ 1,458 $ 22,842 $ 577 $ 1,206 Issuances of sales of receivables/guarantees — — 1,525 — — 1,549 Settlements (52,151) (307) (31) (40,002) — (79) Additions 44,754 — — 60,310 — Losses recognized in earnings (2,684) — (1,249) (5,500) (45) (924) Ending balance $ 14,312 $ 200 $ 1,703 $ 37,650 $ 532 $ 1,752 Nine Months Ended December 31, 2023 2022 Securitized Beneficial Interests Long-Term Debt Guarantees Securitized Beneficial Interests Long-Term Debt Guarantees Beginning balance $ 19,522 $ 514 $ 5,262 $ 28,072 $ 246 $ 2,956 Issuances of sales of receivables/guarantees — — 3,779 — — 2,236 Settlements (125,532) (314) (4,792) (112,758) — (1,422) Additions 129,031 — — 131,392 325 — Losses recognized in earnings (8,709) — (2,546) (9,056) (39) (2,018) Ending balance $ 14,312 $ 200 $ 1,703 $ 37,650 $ 532 $ 1,752 For the nine months ended December 31, 2023 and 2022, the impact to earnings attributable to the change in unrealized losses on securitized beneficial interests was $1,551 and $2,252, respectively.

Pension and Other Postretiremen

Pension and Other Postretirement Benefits	9 Months Ended
Pension and Other Postretirement Benefits	Dec. 31, 2023
Retirement Benefits [Abstract]
Pension and Other Postretirement Benefits	Pension and Other Postretirement Benefits The Company terminated one of its defined benefit pension plans in the U.K. ("U.K. Pension Plan") during the three-month period ended December 31, 2023. The U.K. Pension Plan was over-funded. During the three-month period ended December 31, 2023, the Company utilized the surplus assets to pay termination fees and received a $1,106 cash distribution from the plan termination. The Company recorded a noncash pension settlement charge of $12,008 during the three and nine months ended December 31, 2023, which included the disposition of the U.K. Pension Plan assets and the reclassification of $3,511 unrecognized net pension losses, net of $1,170 tax benefit, within accumulated other comprehensive income (loss) into the Company's condensed consolidated statements of operations.

Contingencies and Other Informa

Contingencies and Other Information	9 Months Ended
Contingencies and Other Information	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Contingencies and Other Information	Contingencies and Other Information Brazilian Tax Credits 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. At December 31, 2023, the assessment for intrastate trade tax credits taken is $2,727 and the total assessment including penalties and interest is $11,013. On March 18, 2014, the government in Brazilian State of Santa Catarina also issued a tax assessment with respect to local intrastate trade tax credits that result primarily from tobacco transferred between states within Brazil. At December 31, 2023, the assessment for intrastate trade tax credits taken is $2,353 and the total assessment including penalties and interest is $6,997. 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. This jurisdiction permits the sale or transfer of excess credits to third parties, however approval must be obtained from the tax authorities. The Company has an agreement with the state government regarding the amounts and timing of credits that can be sold. The tax credits have a carrying value of $17,068 as of December 31, 2023. 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. Other Matters In addition to the above-mentioned matters, the Company or certain of its 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, they are being vigorously defended and the Company 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.

Related Party Transactions

Related Party Transactions	9 Months Ended
Related Party Transactions	Dec. 31, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The Company engages in transactions with its equity method investees primarily for the procuring and processing of inventory. The following summarizes sale and purchase transactions with related parties: Three Months Ended Nine Months Ended December 31, December 31, 2023 2022 2023 2022 Sales $ 567 $ 630 $ 21,784 $ 21,180 Purchases 60,034 56,661 161,933 133,057 The Company included the following related party balances in its condensed consolidated balance sheets: December 31, 2023 December 31, 2022 March 31, 2023 Location in Condensed Consolidated Balance Sheet Accounts receivable, related parties $ 50 $ 770 $ 3,090 Other receivables Accounts payable, related parties 31,921 39,640 20,438 Accounts payable Advances from related parties 4,062 3,494 3,494 Advances from customers Transactions with Significant Shareholders As described in " Note 1 1 . Debt Arrangements ," funds managed by the Glendon Investor, funds managed by the Monarch Investor, and funds managed by Owl Creek Asset Management, L.P., (such funds are collectively referred to as the "Investor-Affiliated Funds") held 2024 Notes and/or Exit Term Loans, were parties to the Initial DDTL Facility Credit Agreement and amendments thereto (including the DDTL Credit Agreement) and the Support Agreement, and received the New Secured Debt pursuant to the Debt Exchange Transactions. Accrued expenses and other current liabilities as presented in the condensed consolidated balance sheets as of December 31, 2023 and 2022, and March 31, 2023, includes $4,091, $7,649 , and $3,653, respectively, of interest payable to Investor-Affiliated Funds and CI Investments, Inc. ("CI Investments"), which is also a beneficial owner of greater than five percent of the Company's common stock. Interest expense as presented in the condensed consolidated statements of operations includes $10,314 and $30,683 for the three and nine months ended December 31, 2023, respectively, and $9,264 and $25,494 for the three and nine months ended December 31, 2022, respectively, that relates to the Investor-Affiliated Funds and CI Investments.

Segment Information

Segment Information	9 Months Ended
Segment Information	Dec. 31, 2023
Segment Reporting [Abstract]
Segment Information	Segment Information The following summarizes segment information, with the All Other category being included for purposes of reconciliation of the respective balances below of the Leaf segment (the Company's sole reportable segment) to the condensed consolidated financial statements: Three Months Ended Nine Months Ended December 31, December 31, 2023 2022 2023 2022 Sales and other operating revenues: Leaf $ 529,072 $ 652,257 $ 1,628,632 $ 1,498,824 All Other 744 3,296 2,529 8,912 Consolidated sales and other operating revenues $ 529,816 $ 655,553 $ 1,631,161 $ 1,507,736 Segment operating income (loss): Leaf $ 49,183 $ 47,268 $ 137,421 $ 94,696 All Other (1,339) (5,626) (5,575) (14,621) Segment operating income 47,844 41,642 131,846 80,075 Restructuring and asset impairment charges 85 35 1,379 4,380 Consolidated operating income $ 47,759 $ 41,607 $ 130,467 $ 75,695 December 31, 2023 December 31, 2022 March 31, 2023 Segment assets: Leaf $ 1,553,460 $ 1,587,806 $ 1,544,798 All Other 47,920 42,851 37,665 Total assets $ 1,601,380 $ 1,630,657 $ 1,582,463

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net income (loss) attributable to Pyxus International, Inc.	$ 3,835	$ (2,333)	$ 12,734	$ (18,533)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Dec. 31, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	The accompanying condensed consolidated financial statements represent the consolidation of Pyxus International, Inc. (the "Company", "Pyxus", "we", or "us") and all companies that Pyxus directly or indirectly controls, either through majority ownership or otherwise. These condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") for interim information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, they do not include the information and footnotes required by U.S. GAAP for annual financial statements. In the opinion of management, the normal and recurring adjustments necessary for fair statement of financial position, results of operations, and cash flows at the dates and for the periods presented have been included. Intercompany accounts and transactions have been eliminated. These condensed consolidated interim financial statements should be read in conjunction with the Company's consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2023 filed on June 6, 2023. Due to the seasonal nature of the Company’s business, the results of operations for a fiscal quarter are not necessarily indicative of the operating results that may be attained for other quarters or a full fiscal year.
Accounting Pronouncements Not Yet Adopted	Accounting Pronouncements Not Yet Adopted In November 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2023-07, Segment Reporting: Improvements to Reportable Segment Disclosures . This ASU amends FASB Topic 280 to permit the disclosure of multiple measures of a segment's profit or loss, and requires an entity with a single reportable segment to apply FASB Topic 280 in its entirety. In addition, this ASU requires the following new segment disclosures: • Significant segment expenses by reportable segment if regularly provided to the Chief Operating Decision Maker ("CODM") and included within the reported measure of segment profit or loss; • Other segment items, which represents the difference between reported segment revenues less the significant segment expenses less reported segment profit or loss; and • Title and position of the CODM. Disclosures required under this new ASU and the existing segment profit or loss and assets disclosures currently required annually by FASB Topic 280 are to be disclosed in interim periods. The annual disclosure requirements are effective for the Company's fiscal year ending March 31, 2025, and the interim period disclosure requirements are effective beginning April 1, 2025. Early adoption is permitted. The Company is currently evaluating the impact that this new accounting standard will have on its segment disclosures. In December 2023, the FASB issued ASU No. 2023-09, Income Taxes: Improvements to Income Tax Disclosures , to provide more disaggregation of income tax information mainly related to the effective tax rate reconciliation and the income taxes paid disclosure requirements. Under the new accounting rules, the tabular effective tax rate reconciliation must include specific categories with certain reconciling items based on the expected tax further disaggregated by nature and/or jurisdiction. Income taxes paid, net of refunds received, must be broken out by federal, state, and foreign taxes, and further disaggregated by individual jurisdictions based on total income taxes paid. These new annual disclosure requirements are effective for the Company's fiscal year ending March 31, 2026. Early adoption is permitted. The Company is currently evaluating the impact that this new accounting standard will have on its income tax disclosures.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
Revenue Recognition (Tables)	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Revenue Disaggregated by Major Source	The following disaggregates sales and other operating revenues by major source, with the All Other category being included for purposes of reconciliation of the respective balances below of the Leaf segment (the Company's sole reportable segment) to the condensed consolidated financial statements: Three Months Ended Nine Months Ended December 31, December 31, 2023 2022 2023 2022 Leaf: Product revenue $ 500,529 $ 625,129 $ 1,537,268 $ 1,423,612 Processing and other revenues 28,543 27,128 91,364 75,212 Total sales and other operating revenues 529,072 652,257 1,628,632 1,498,824 All Other: Total sales and other operating revenues 744 3,296 2,529 8,912 Total sales and other operating revenues $ 529,816 $ 655,553 $ 1,631,161 $ 1,507,736
Schedule of Allowance for Doubtful Accounts and Activity of Claims Allowances	The following summarizes activity in the allowance for expected credit losses: Three Months Ended Nine Months Ended December 31, December 31, 2023 2022 2023 2022 Balance, beginning of period $ (24,373) $ (23,698) $ (24,730) $ (24,541) Additions (631) (593) (1,189) (1,618) Write-offs and other adjustments 168 201 1,083 2,069 Balance, end of period (24,836) (24,090) (24,836) (24,090) Trade receivables 252,365 230,081 252,365 230,081 Trade receivables, net $ 227,529 $ 205,991 $ 227,529 $ 205,991

Restructuring and Asset Impai_2

Restructuring and Asset Impairment Charges (Tables)	9 Months Ended
Restructuring and Asset Impairment Charges (Tables)	Dec. 31, 2023
Restructuring and Related Activities [Abstract]
Schedule of Restructuring and Asset Impairment Charges	The following summarizes the Company's restructuring and asset impairment charges: Three Months Ended Nine Months Ended December 31, December 31, 2023 2022 2023 2022 Employee separation charges $ 85 $ 35 $ 1,379 $ 345 Asset impairment and other non-cash charges — — — 4,035 Restructuring and asset impairment charges $ 85 $ 35 $ 1,379 $ 4,380

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	9 Months Ended
Earnings (Loss) Per Share (Tables)	Dec. 31, 2023
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Earnings (Loss) Per Share	The following summarizes the computation of earnings (loss) per share: Three Months Ended Nine Months Ended December 31, December 31, 2023 2022 2023 2022 Basic and diluted earnings (loss) per share: Net income (loss) attributable to Pyxus International, Inc. $ 3,835 $ (2,333) $ 12,734 $ (18,533) Shares: Weighted average number of shares outstanding 25,000 25,000 25,000 25,000 Basic and diluted earnings (loss) per share $ 0.15 $ (0.09) $ 0.51 $ (0.74)

Inventories, Net (Tables)

Inventories, Net (Tables)	9 Months Ended
Inventories, Net (Tables)	Dec. 31, 2023
Inventory Disclosure [Abstract]
Schedule of Inventories, Net	The following summarizes the composition of inventories, net: December 31, 2023 December 31, 2022 March 31, 2023 Processed tobacco $ 659,028 $ 571,909 $ 498,398 Unprocessed tobacco 78,033 86,487 231,651 Other tobacco related 30,047 30,018 39,670 All Other 12,721 8,169 5,352 Total $ 779,829 $ 696,583 $ 775,071

Equity Method Investments (Tabl

Equity Method Investments (Tables)	9 Months Ended
Equity Method Investments (Tables)	Dec. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Equity Method Investments	The following summarizes the Company's equity method investments as of December 31, 2023: Investee Name Location Primary Purpose Ownership Percentage Basis Difference Adams International Ltd. Thailand Purchase and process tobacco 49% $ (4,526) Alliance One Industries India Private Ltd. India Purchase and process tobacco 49% (5,770) China Brasil Tabaco Exportadora SA Brazil Purchase and process tobacco 49% 43,299 Oryantal Tütün Paketleme Sanayi ve Ticaret A.Ş. Turkey Process tobacco 50% (416) Purilum, LLC U.S. Produce flavor formulations and consumable e-liquids 50% 4,589 Siam Tobacco Export Company Thailand Purchase and process tobacco 49% (6,098) The following summarizes financial information for these equity method investments: Three Months Ended Nine Months Ended December 31, December 31, 2023 2022 2023 2022 Operations statement: Sales $ 179,798 $ 165,621 $ 306,085 $ 297,278 Gross profit 29,087 25,340 48,446 45,195 Net income 14,066 11,625 15,222 23,867 Company's dividends received — — 13,660 11,523 December 31, 2023 December 31, 2022 March 31, 2023 Balance sheet: Current assets $ 435,526 $ 395,381 $ 419,229 Property, plant, and equipment and other assets 47,922 41,000 48,174 Current liabilities 353,433 308,221 323,899 Long-term obligations and other liabilities 2,502 2,767 3,887

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	9 Months Ended
Variable Interest Entities (Tables)	Dec. 31, 2023
Variable Interest Entities [Abstract]
Schedule of Variable Interest Entities	The following summarizes the Company's financial relationships with its unconsolidated variable interest entities: December 31, 2023 December 31, 2022 March 31, 2023 Investments in variable interest entities $ 86,889 $ 87,381 $ 93,754 Receivables with variable interest entities — 145 2,617 Guaranteed amounts to variable interest entities (not to exceed) 11,113 68,193 68,265

Other Intangible Assets, Net (T

Other Intangible Assets, Net (Tables)	9 Months Ended
Other Intangible Assets, Net (Tables)	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill and Intangible Asset Rollforward	The following summarizes the changes in the Company's other intangible assets, net: Nine Months Ended December 31, 2023 Weighted Average Remaining Useful Life Beginning Carrying Amount, Net Amortization Expense Ending Intangible Assets, Net Intangibles subject to amortization: Customer relationships 8.7 years $ 20,482 $ (1,631) $ 18,851 Technology 4.6 years 8,875 (1,306) 7,569 Trade names 10.7 years 9,215 (605) 8,610 Total $ 38,572 $ (3,542) $ 35,030 Year Ended March 31, 2023 Weighted Average Remaining Useful Life Beginning Carrying Amount, Net Amortization Expense Ending Intangible Assets, Net Intangibles subject to amortization: Customer relationships 9.4 years $ 23,568 $ (3,086) $ 20,482 Technology 5.2 years 11,471 (2,596) 8,875 Trade names 11.4 years 10,022 (807) 9,215 Total $ 45,061 $ (6,489) $ 38,572

Debt Arrangements (Tables)

Debt Arrangements (Tables)	9 Months Ended
Debt Arrangements (Tables)	Dec. 31, 2023
Debt Disclosure [Abstract]
Schedule of Debt Financing	The following summarizes debt and notes payable: December 31, December 31, March 31, (in thousands) Interest Rate 2023 2022 2023 Senior secured credit facilities: ABL Credit Facility 8.3 % (1) $ — $ — $ 25,000 Term Loan Facility (2) 11.7 % (1) — 97,177 — Senior secured notes: 10.0% Notes Due 2024 (3) 10.0 % (1) 20,169 273,593 19,931 8.5% Notes Due 2027 (4) 8.6 % (1) 254,367 — 253,483 Senior secured term loans: Intabex Term Loans (5) 13.4 % (1) 186,546 — 186,194 Pyxus Term Loans (6) 13.4 % (1) 133,053 — 133,393 Exit Facility Loans (7) 12.0 % (1) — 222,620 — Other Debt: Other long-term debt 8.5 % (1) 193 528 504 Notes payable (8) 9.3 % (1) 472,972 492,326 382,544 Total debt $ 1,067,300 $ 1,086,244 $ 1,001,049 Short-term (8) $ 472,972 $ 492,326 $ 382,544 Long-term: Current portion of long-term debt $ 20,251 $ 97,282 $ 75 Long-term debt 574,077 496,636 618,430 Total $ 594,328 $ 593,918 $ 618,505 Letters of credit $ 4,670 $ 14,337 $ 11,684 (1) Weighted average rate for the trailing twelve months ended December 31, 2023 or, for indebtedness outstanding only during a portion of such twelve-month period, for the portion of such period that such indebtedness was outstanding. (2) The amount outstanding at December 31, 2022 is net of original issue discount of $2,823. This Term Loan Facility was established through the refinancing of the DDTL Facility on July 28, 2022, which included a partial principal payment of $9,000 and an exit fee payment of $5,250. Subsequent to this refinancing, on February 6, 2023, the Term Loan Facility was exchanged for $102,000 (inclusive of a $2,000 exit fee) of Intabex Term Loans. (3) On February 6, 2023, $260,452 of the 10.0% Notes due 2024 were exchanged for 8.5% Notes due 2027. The remaining 10.0% Notes due 2024 outstanding of $20,169 is net of a debt discount of $222, and are reported in the current portion of long-term debt. Total repayment at maturity is $20,391. (4) Balance of $254,367 is net of a debt discount of $6,085. Total repayment at maturity is $260,452. (5) Balance of $186,546 is net of a debt discount of $2,487. Total repayment at maturity is $189,033, which includes a $2,000 exit fee payable upon repayment. (6) Balance of $133,053 is net of a debt premium of $2,503. Total repayment at maturity is $130,550. (7) On February 6, 2023, $189,033, representing 40.0% of the Exit Facility Loans, were exchanged for Intabex Term Loans, and $130,550, representing the remaining 60.0% of the Exit Facility Loans, were exchanged for Pyxus Term Loans. (8) Primarily foreign seasonal lines of credit.

Securitized Receivables (Tables

Securitized Receivables (Tables)	9 Months Ended
Securitized Receivables (Tables)	Dec. 31, 2023
Transfers and Servicing [Abstract]
Schedule of Accounts Receivable Securitization Information	The following summarizes the Company's accounts receivable outstanding in the securitization facilities, which represents trade receivables sold into the program that have not been collected from the customer, and related beneficial interests, which represents the Company's residual interest in receivables sold that have not been collected from the customer: December 31, 2023 December 31, 2022 March 31, 2023 Receivables outstanding in facility $ 136,203 $ 270,042 $ 173,979 Beneficial interests 14,312 37,650 19,522 Cash proceeds from the sale of trade receivables is comprised of a combination of cash and a deferred purchase price receivable. Deferred purchase price receivable is realized after the collection of the underlying trade receivables sold by the purchasers. The following summarizes the Company's cash purchase price and deferred purchase price: Nine Months Ended December 31, 2023 2022 Cash proceeds: Cash purchase price $ 481,858 $ 574,977 Deferred purchase price 127,298 122,638

Guarantees (Tables)

Guarantees (Tables)	9 Months Ended
Guarantees (Tables)	Dec. 31, 2023
Guarantees [Abstract]
Schedule of Guarantees and Associated Fair Values	The following summarizes amounts guaranteed and the fair value of those guarantees: December 31, 2023 December 31, 2022 March 31, 2023 Amounts guaranteed (not to exceed) $ 63,967 $ 129,837 $ 152,032 Amounts outstanding under guarantee (1) 38,083 48,376 83,420 Fair value of guarantees 1,703 1,752 5,262 Amounts due to local banks on behalf of suppliers for government subsidized rural credit financing 42 113 12,529 (1) Most of the guarantees outstanding at December 31, 2023 expire within one year.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities (Tables)	9 Months Ended
Derivative Instruments and Hedging Activities (Tables)	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The following summarizes the U.S. Dollar notional amount of derivative contracts outstanding: December 31, 2023 December 31, 2022 March 31, 2023 U.S. Dollar notional outstanding $ — $ 32,000 $ 63,622

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
Fair Value Measurements (Tables)	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Schedule of Recurring Fair Value Measurements	The following summarizes the financial assets and liabilities measured at fair value on a recurring basis: December 31, 2023 December 31, 2022 March 31, 2023 Level 2 Level 3 Total Level 2 Level 3 Total Level 2 Level 3 Total Financial Assets: Derivative financial instruments $ — $ — $ — $ 678 $ — $ 678 $ 3,970 $ — $ 3,970 Securitized beneficial interests — 14,312 14,312 — 37,650 37,650 — 19,522 19,522 Total assets $ — $ 14,312 $ 14,312 $ 678 $ 37,650 $ 38,328 $ 3,970 $ 19,522 $ 23,492 Financial Liabilities: Long-term debt (1) 492,114 200 492,314 419,020 532 419,552 523,758 514 524,272 Guarantees — 1,703 1,703 — 1,752 1,752 — 5,262 5,262 Total liabilities $ 492,114 $ 1,903 $ 494,017 $ 419,020 $ 2,284 $ 421,304 $ 523,758 $ 5,776 $ 529,534 (1) This fair value measurement disclosure does not affect the condensed consolidated balance sheets.
Schedule of Assets Measured on Recurring Basis	The following summarizes the reconciliation of changes in Level 3 instruments measured on a recurring basis: Three Months Ended December 31, 2023 2022 Securitized Beneficial Interests Long-Term Debt Guarantees Securitized Beneficial Interests Long-Term Debt Guarantees Beginning balance $ 24,393 $ 507 $ 1,458 $ 22,842 $ 577 $ 1,206 Issuances of sales of receivables/guarantees — — 1,525 — — 1,549 Settlements (52,151) (307) (31) (40,002) — (79) Additions 44,754 — — 60,310 — Losses recognized in earnings (2,684) — (1,249) (5,500) (45) (924) Ending balance $ 14,312 $ 200 $ 1,703 $ 37,650 $ 532 $ 1,752 Nine Months Ended December 31, 2023 2022 Securitized Beneficial Interests Long-Term Debt Guarantees Securitized Beneficial Interests Long-Term Debt Guarantees Beginning balance $ 19,522 $ 514 $ 5,262 $ 28,072 $ 246 $ 2,956 Issuances of sales of receivables/guarantees — — 3,779 — — 2,236 Settlements (125,532) (314) (4,792) (112,758) — (1,422) Additions 129,031 — — 131,392 325 — Losses recognized in earnings (8,709) — (2,546) (9,056) (39) (2,018) Ending balance $ 14,312 $ 200 $ 1,703 $ 37,650 $ 532 $ 1,752

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
Related Party Transactions (Tables)	Dec. 31, 2023
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The following summarizes sale and purchase transactions with related parties: Three Months Ended Nine Months Ended December 31, December 31, 2023 2022 2023 2022 Sales $ 567 $ 630 $ 21,784 $ 21,180 Purchases 60,034 56,661 161,933 133,057
Schedule of Related Party Balances in Condensed Consolidated Balance Sheets	The Company included the following related party balances in its condensed consolidated balance sheets: December 31, 2023 December 31, 2022 March 31, 2023 Location in Condensed Consolidated Balance Sheet Accounts receivable, related parties $ 50 $ 770 $ 3,090 Other receivables Accounts payable, related parties 31,921 39,640 20,438 Accounts payable Advances from related parties 4,062 3,494 3,494 Advances from customers

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
Segment Information (Tables)	Dec. 31, 2023
Segment Reporting [Abstract]
Schedule of Segment Reporting Information by Segment	The following summarizes segment information, with the All Other category being included for purposes of reconciliation of the respective balances below of the Leaf segment (the Company's sole reportable segment) to the condensed consolidated financial statements: Three Months Ended Nine Months Ended December 31, December 31, 2023 2022 2023 2022 Sales and other operating revenues: Leaf $ 529,072 $ 652,257 $ 1,628,632 $ 1,498,824 All Other 744 3,296 2,529 8,912 Consolidated sales and other operating revenues $ 529,816 $ 655,553 $ 1,631,161 $ 1,507,736 Segment operating income (loss): Leaf $ 49,183 $ 47,268 $ 137,421 $ 94,696 All Other (1,339) (5,626) (5,575) (14,621) Segment operating income 47,844 41,642 131,846 80,075 Restructuring and asset impairment charges 85 35 1,379 4,380 Consolidated operating income $ 47,759 $ 41,607 $ 130,467 $ 75,695 December 31, 2023 December 31, 2022 March 31, 2023 Segment assets: Leaf $ 1,553,460 $ 1,587,806 $ 1,544,798 All Other 47,920 42,851 37,665 Total assets $ 1,601,380 $ 1,630,657 $ 1,582,463

Revenue Recognition - Revenue D

Revenue Recognition - Revenue Disaggregated by Product or Service (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Consolidated sales and other operating revenues	$ 529,816	$ 655,553	$ 1,631,161	$ 1,507,736
Leaf
Disaggregation of Revenue [Line Items]
Consolidated sales and other operating revenues	529,072	652,257	1,628,632	1,498,824
Leaf \| Product revenue
Disaggregation of Revenue [Line Items]
Consolidated sales and other operating revenues	500,529	625,129	1,537,268	1,423,612
Leaf \| Processing and other revenues
Disaggregation of Revenue [Line Items]
Consolidated sales and other operating revenues	28,543	27,128	91,364	75,212
All Other
Disaggregation of Revenue [Line Items]
Consolidated sales and other operating revenues	$ 744	$ 3,296	$ 2,529	$ 8,912

Revenue Recognition - Allowance

Revenue Recognition - Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Allowance for Doubtful Accounts Receivable [Roll Forward]
Balance at beginning of period	$ (24,373)	$ (23,698)	$ (24,730)	$ (24,541)
Additions	(631)	(593)	(1,189)	(1,618)
Write-offs and other adjustments	168	201	1,083	2,069
Balance, end of period	(24,836)	(24,090)	(24,836)	(24,090)
Trade receivables	252,365	230,081	252,365	230,081
Trade receivables, net	$ 227,529	$ 205,991	$ 227,529	$ 205,991

Restructuring and Asset Impai_3

Restructuring and Asset Impairment Charges - Summary (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Restructuring and Related Activities [Abstract]
Employee separation charges	$ 85	$ 35	$ 1,379	$ 345
Asset impairment and other non-cash charges	0	0	0	4,035
Restructuring and asset impairment charges	$ 85	$ 35	$ 1,379	$ 4,380

Income Taxes (Details)

Income Taxes (Details)	9 Months Ended
Income Taxes (Details)	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Effective income tax rate (as a percent)	72.20%	(119.90%)

Earnings (Loss) Per Share - Sch

Earnings (Loss) Per Share - Schedule of Basic and Diluted Loss Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Basic and diluted earnings (loss) per share:
Net income (loss) attributable to Pyxus International, Inc.	$ 3,835	$ (2,333)	$ 12,734	$ (18,533)
Shares:
Weighted average number of shares outstanding - basic (in shares)	25,000	25,000	25,000	25,000
Weighted average number of shares outstanding - diluted (in shares)	25,000	25,000	25,000	25,000
Basic earnings (loss) per share (in USD per share)	$ 0.15	$ (0.09)	$ 0.51	$ (0.74)
Diluted earnings (loss) per share (in USD per share)	$ 0.15	$ (0.09)	$ 0.51	$ (0.74)

Inventories, Net - Summary (Det

Inventories, Net - Summary (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Processed tobacco	$ 659,028	$ 498,398	$ 571,909
Unprocessed tobacco	78,033	231,651	86,487
Other tobacco related	30,047	39,670	30,018
All Other	12,721	5,352	8,169
Total	$ 779,829	$ 775,071	$ 696,583

Equity Method Investments - Sum

Equity Method Investments - Summary (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2023	Dec. 31, 2022	Mar. 31, 2023
Operations statement:
Gross profit	$ 92,548			$ 87,801			$ 254,359	$ 195,875
Net income	4,179	$ 7,896	$ 770	(2,237)	$ (1,550)	$ (14,505)	12,845	(18,292)
Company's dividends received	0			0			13,660	11,523
Balance sheet:
Current assets	1,259,055			1,271,160			1,259,055	1,271,160	$ 1,220,565
Current liabilities	765,451			866,600			765,451	866,600	715,058
Equity Method Investment
Operations statement:
Sales	179,798			165,621			306,085	297,278
Gross profit	29,087			25,340			48,446	45,195
Net income	14,066			11,625			15,222	23,867
Balance sheet:
Current assets	435,526			395,381			435,526	395,381	419,229
Property, plant, and equipment and other assets	47,922			41,000			47,922	41,000	48,174
Current liabilities	353,433			308,221			353,433	308,221	323,899
Long-term obligations and other liabilities	$ 2,502			$ 2,767			$ 2,502	$ 2,767	$ 3,887
Adams International Ltd.
Schedule of Equity Method Investments [Line Items]
Ownership in equity method investment (as a percent)	49%						49%
Basis difference	$ (4,526)						$ (4,526)
Alliance One Industries India Private Ltd.
Schedule of Equity Method Investments [Line Items]
Ownership in equity method investment (as a percent)	49%						49%
Basis difference	$ (5,770)						$ (5,770)
China Brasil Tabaco Exportadora SA
Schedule of Equity Method Investments [Line Items]
Ownership in equity method investment (as a percent)	49%						49%
Basis difference	$ 43,299						$ 43,299
Oryantal Tütün Paketleme Sanayi ve Ticaret A.Ş.
Schedule of Equity Method Investments [Line Items]
Ownership in equity method investment (as a percent)	50%						50%
Basis difference	$ (416)						$ (416)
Purilum, LLC
Schedule of Equity Method Investments [Line Items]
Ownership in equity method investment (as a percent)	50%						50%
Basis difference	$ 4,589						$ 4,589
Siam Tobacco Export Company
Schedule of Equity Method Investments [Line Items]
Ownership in equity method investment (as a percent)	49%						49%
Basis difference	$ (6,098)						$ (6,098)

Variable Interest Entities - Su

Variable Interest Entities - Summary (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Variable Interest Entity [Line Items]
Investments in variable interest entities	$ 93,619	$ 100,750	$ 94,099
Receivables with variable interest entities	227,529		205,991
Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Investments in variable interest entities	86,889	93,754	87,381
Receivables with variable interest entities	0	2,617	145
Guaranteed amounts to variable interest entities (not to exceed)	$ 11,113	$ 68,265	$ 68,193

Other Intangible Assets, Net -

Other Intangible Assets, Net - Intangible Assets and Goodwill (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Mar. 31, 2023	Mar. 31, 2022
Schedule of Intangible Assets [Line Items]
Amortization Expense	$ (3,542)	$ (6,489)
Ending Intangible Assets, Net	$ 35,030	$ 38,572	$ 45,061
Customer relationships
Schedule of Intangible Assets [Line Items]
Weighted Average Remaining Useful Life	8 years 8 months 12 days	9 years 4 months 24 days
Amortization Expense	$ (1,631)	$ (3,086)
Ending Intangible Assets, Net	$ 18,851	$ 20,482	23,568
Technology
Schedule of Intangible Assets [Line Items]
Weighted Average Remaining Useful Life	4 years 7 months 6 days	5 years 2 months 12 days
Amortization Expense	$ (1,306)	$ (2,596)
Ending Intangible Assets, Net	$ 7,569	$ 8,875	11,471
Trade names
Schedule of Intangible Assets [Line Items]
Weighted Average Remaining Useful Life	10 years 8 months 12 days	11 years 4 months 24 days
Amortization Expense	$ (605)	$ (807)
Ending Intangible Assets, Net	$ 8,610	$ 9,215	$ 10,022

Debt Arrangements - Summary (De

Debt Arrangements - Summary (Details) - USD ($) $ in Thousands	Feb. 06, 2023	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022	Jul. 28, 2022
Interest Rate
Total debt		$ 1,067,300	$ 1,001,049	$ 1,086,244
Notes payable		472,972	382,544	492,326
Current portion of long-term debt		20,251	75	97,282
Long-term debt		574,077	618,430	496,636
Total		594,328	618,505	593,918
Letters of credit		$ 4,670	11,684	14,337
Senior secured credit facilities: \| ABL Credit Facility
Interest Rate
Interest rate (as a percent)		8.30%
Total debt		$ 0	25,000	0
Senior secured credit facilities: \| Term Loan Facility
Interest Rate
Interest rate (as a percent)		11.70%
Total debt		$ 0	0	97,177
Senior secured credit facilities: \| DDTL Term Loans
Interest Rate
Debt instrument, annual principal payment	$ 102,000				$ 9,000
Exit fee payable					$ 5,250
Debt instrument, unamortized discount (premium), net		2,503
Senior secured notes: \| DDTL Term Loans
Interest Rate
Original issue discount		$ 6,085
Intabex Term Loan
Interest Rate
Weighted-average interest rate (as a percent)		13.40%
Total debt		$ 186,546	186,194	0
Pyxus Term Loan
Interest Rate
Weighted-average interest rate (as a percent)		13.40%
Total debt		$ 133,053	133,393	0
Exit Facility Loans
Interest Rate
Weighted-average interest rate (as a percent)		12%
Total debt		$ 0	0	222,620
Other long-term debt
Interest Rate
Weighted-average interest rate (as a percent)		8.50%
Total debt		$ 193	504	528
Notes payable to banks
Interest Rate
Weighted-average interest rate (as a percent)		9.30%
Total debt		$ 472,972	382,544	492,326
10.0% Notes Due 2024 \| New Pyxus Credit Facility
Interest Rate
Interest rate (as a percent)		10%
10.0% Notes Due 2024 \| Senior secured notes:
Interest Rate
Interest rate (as a percent)	10%	10%
Total debt		$ 20,169	19,931	273,593
Original issue discount		222		2,823
Repayments of debt, net of original issue discount	$ 20,391
8.5% Notes Due 2027 \| Intabex Term Loans
Interest Rate
Debt instrument, fee amount	2,000
Face amount of debt instrument	$ 189,033
8.5% Notes Due 2027 \| Senior secured credit facilities: \| DDTL Term Loans
Interest Rate
Original issue discount		$ 2,487
8.5% Notes Due 2027 \| Senior secured notes:
Interest Rate
Interest rate (as a percent)		8.60%
Total debt		$ 254,367	$ 253,483	$ 0
8.50% Senior Secured Notes Due 2027 \| New Pyxus Credit Facility
Interest Rate
Interest rate (as a percent)	8.50%	8.50%
Face amount of debt instrument	$ 260,452	$ 260,452
8.50% Senior Secured Notes Due 2027 \| Senior secured notes:
Interest Rate
Interest rate (as a percent)	8.50%
Term Loan Credit Agreement \| Pyxus Credit Facility
Interest Rate
Face amount of debt instrument	$ 130,550
New Intabex Loans \| DDTL Facility Loans
Interest Rate
Exit facility loans, exchange percent	40%
New Senior Secured Term Loans \| DDTL Facility Loans
Interest Rate
Exit facility loans, exchange percent	60%

Debt Arrangements - Narrative (

Debt Arrangements - Narrative (Details) - USD ($)

9 Months Ended

Oct. 24, 2023

Feb. 06, 2023

Dec. 31, 2023

Mar. 31, 2023

Dec. 31, 2022

Jun. 02, 2022

Feb. 10, 2022

Feb. 08, 2022

Dec. 31, 2021

Apr. 23, 2021

Sep. 03, 2020

Aug. 24, 2020

Debt Instrument [Line Items]

Total debt

$ 1,067,300,000

$ 1,001,049,000

$ 1,086,244,000

Senior secured credit facilities:

Debt Instrument [Line Items]

Maximum borrowing capacity

250,164,000

Short-term debt, maximum outstanding amount

160,416,000

Compensating balance for short-term borrowings

$ 976,000

Glendon Capital Management LP | Equity Method Investee

Debt Instrument [Line Items]

Number of common stock owned by related party ( in shares)

7,939

Proportion of common stock outstanding owned by related party (as a percent)

31.80%

Monarch Alternative Capital LP | Equity Method Investee

Debt Instrument [Line Items]

Number of common stock owned by related party ( in shares)

6,140

Proportion of common stock outstanding owned by related party (as a percent)

24.60%

Owl Creek Asset Management, LP | Equity Method Investee

Debt Instrument [Line Items]

Number of common stock owned by related party ( in shares)

2,405

Proportion of common stock outstanding owned by related party (as a percent)

9.60%

Alliance One Brazil | Alliance One International Tabak B.V.

Debt Instrument [Line Items]

Ownership interest (as a percent)

0.001%

Minimum | Senior secured credit facilities:

Debt Instrument [Line Items]

Term of debt instrument

180 days

Maximum | Senior secured credit facilities:

Debt Instrument [Line Items]

Term of debt instrument

365 days

Delayed Draw Term Loan Facility Credit Agreement

Debt Instrument [Line Items]

Outstanding loan percentage (as a percent)

99.70%

Exit Term Loan Credit Agreement

Debt Instrument [Line Items]

Outstanding loan percentage (as a percent)

68.10%

Existing Notes Indenture

Debt Instrument [Line Items]

Outstanding loan percentage (as a percent)

64.10%

Senior secured notes: | 8.5% Notes Due 2027

Debt Instrument [Line Items]

Interest rate (as a percent)

8.60%

Total debt

$ 254,367,000

253,483,000

Senior secured notes: | 10.0% Notes Due 2024

Debt Instrument [Line Items]

Interest rate (as a percent)

10%

Shareholder election percent

92.70%

Debt instrument, percentage of outstanding

10%

Total debt

$ 20,169,000

$ 19,931,000

$ 273,593,000

Senior secured notes: | 8.50% Senior Secured Notes Due 2027

Debt Instrument [Line Items]

Interest rate (as a percent)

8.50%

ABL Credit Facility

Debt Instrument [Line Items]

Commitment fee percentage, threshold amount

$ 60,000

ABL Credit Facility | Minimum

Debt Instrument [Line Items]

Commitment fee percentage (in basis points)

0.25%

ABL Credit Facility | Maximum

Debt Instrument [Line Items]

Commitment fee percentage (in basis points)

0.375%

ABL Credit Facility | Revolving Loans Facilities

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 120,000

$ 100,000

ABL Credit Facility | Senior secured credit facilities:

Debt Instrument [Line Items]

Line of credit facility, covenant, excess borrowing ability

$ 10,000

Line of credit facility, covenant, excess borrowing ability threshold percent

10%

Line Of credit facility, covenant, less than borrowing ability

$ 20,000

Line of credit facility, covenant, less than borrowing ability threshold percent

20%

PNC ABL Credit Facility | Revolving Loans Facilities

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 140,000

Additional borrowing capacity

20,000

PNC ABL Credit Facility | Senior secured credit facilities:

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 120,000,000

Delayed Draw Term Loan Facility Credit Agreement | Delayed Draw Term Loan Facility Credit Agreement

Debt Instrument [Line Items]

Outstanding term loan

100%

Exit Term Loans | Delayed Draw Term Loan Facility Credit Agreement

Debt Instrument [Line Items]

Outstanding term loan

100%

Intabex Term Loans

Debt Instrument [Line Items]

Redemption price (as a percent)

40%

Intabex Term Loans | 8.5% Notes Due 2027

Debt Instrument [Line Items]

Face amount of debt instrument

$ 189,033,000

Debt instrument, fee amount

$ 2,000,000

Intabex Term Loans | Term Loan Credit Agreement | Base Rate

Debt Instrument [Line Items]

Basis spread on variable rate (as a percent)

Intabex Term Loans | Term Loan Credit Agreement | Minimum | Base Rate

Debt Instrument [Line Items]

Interest rate (as a percent)

1.50%

Intabex Term Loans | Term Loan Credit Agreement | Maximum | SOFR

Debt Instrument [Line Items]

Basis spread on variable rate (as a percent)

Intabex Term Loans | Existing Notes

Debt Instrument [Line Items]

Face amount of debt instrument

$ 87,033,000

Term Loan Credit Facility | Term Loan Credit Agreement

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 100,000

$ 213,418,000

Face amount of debt instrument

$ 100,000

Pyxus Credit Facility

Debt Instrument [Line Items]

Redemption price (as a percent)

60%

Pyxus Credit Facility | Term Loan Credit Agreement

Debt Instrument [Line Items]

Face amount of debt instrument

$ 130,550,000

Pyxus Term Loan | Term Loan Credit Agreement | Base Rate

Debt Instrument [Line Items]

Basis spread on variable rate (as a percent)

Pyxus Term Loan | Term Loan Credit Agreement | Minimum | Base Rate

Debt Instrument [Line Items]

Interest rate (as a percent)

1.50%

Pyxus Term Loan | Term Loan Credit Agreement | Maximum | SOFR

Debt Instrument [Line Items]

Basis spread on variable rate (as a percent)

New Pyxus Credit Facility | 10.0% Notes Due 2024

Debt Instrument [Line Items]

Interest rate (as a percent)

10%

New Pyxus Credit Facility | 8.50% Senior Secured Notes Due 2027

Debt Instrument [Line Items]

Face amount of debt instrument

$ 260,452,000

Interest rate (as a percent)

8.50%

Senior secured credit facilities: | Delayed Draw Term Loan Facility Credit Agreement

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 120,000,000

TDB Facility | Senior secured credit facilities:

Debt Instrument [Line Items]

Total debt

$ 700,260,000

Securitized Receivables - Narra

Securitized Receivables - Narrative (Details) $ in Thousands	9 Months Ended		12 Months Ended
	Dec. 31, 2023 USD ($) program account	Dec. 31, 2022 USD ($)	Mar. 31, 2022 USD ($)
Derecognized Assets, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items]
Number of accounts receivable securitization programs \| program	4
Number of accounts with automatic annual renewal \| account	2
Receivables sold, face value discounted (as a percent)	100%
Reductions of trade and other receivables due to settlements	$ 5,813	$ 12,280	$ 3,193
Accounts Receivable Securitization, Program One
Derecognized Assets, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items]
Trade receivables, maximum amount	100,000
Accounts Receivable Securitization, Program Two
Derecognized Assets, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items]
Trade receivables, maximum amount	$ 110,000

Securitized Receivables - Summa

Securitized Receivables - Summary (Details) - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Mar. 31, 2023
Transfers and Servicing [Abstract]
Receivables outstanding in facility	$ 136,203	$ 270,042	$ 173,979
Beneficial interests	14,312	37,650	$ 19,522
Cash proceeds:
Cash purchase price	481,858	574,977
Deferred purchase price	$ 127,298	$ 122,638

Guarantees - Summary (Details)

Guarantees - Summary (Details) - USD ($) $ in Thousands	9 Months Ended
Guarantees - Summary (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Guarantees [Abstract]
Amounts guaranteed (not to exceed)	$ 63,967	$ 152,032	$ 129,837
Amounts outstanding under guarantee	38,083	83,420	48,376
Fair value of guarantees	1,703	5,262	1,752
Amounts due to local banks on behalf of suppliers for government subsidized rural credit financing	$ 42	$ 12,529	$ 113
Guarantor obligations, term	1 year

Derivative Financial Instrume_2

Derivative Financial Instruments - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gain (loss) on derivatives	$ 1,548	$ 1,966	$ 4,368	$ 4,676
Current derivative asset	$ 0	$ 678	$ 0	$ 678	$ 3,970
Derivative Asset, Current, Statement of Financial Position [Extensible Enumeration]	Other current assets	Other current assets	Other current assets	Other current assets	Other current assets

Derivative Financial Instrume_3

Derivative Financial Instruments - Derivative Contracts Outstanding (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
U.S. Dollar notional outstanding	$ 0	$ 63,622	$ 32,000

Fair Value Measurements - Input

Fair Value Measurements - Input Hierarchy of Items Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Financial Assets:
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other current assets	Other current assets	Other current assets
Total Assets / Liabilities at Fair Value
Financial Assets:
Derivative financial instruments	$ 0	$ 3,970	$ 678
Securitized beneficial interests	14,312	19,522	37,650
Total assets	14,312	23,492	38,328
Financial Liabilities:
Long-term debt	492,314	524,272	419,552
Guarantees	1,703	5,262	1,752
Total liabilities	494,017	529,534	421,304
Level 2 \| Total Assets / Liabilities at Fair Value
Financial Assets:
Derivative financial instruments	0	3,970	678
Securitized beneficial interests	0	0	0
Total assets	0	3,970	678
Financial Liabilities:
Long-term debt	492,114	523,758	419,020
Guarantees	0	0	0
Total liabilities	492,114	523,758	419,020
Level 3 \| Total Assets / Liabilities at Fair Value
Financial Assets:
Derivative financial instruments	0	0	0
Securitized beneficial interests	14,312	19,522	37,650
Total assets	14,312	19,522	37,650
Financial Liabilities:
Long-term debt	200	514	532
Guarantees	1,703	5,262	1,752
Total liabilities	$ 1,903	$ 5,776	$ 2,284

Fair Value Measurements - Recon

Fair Value Measurements - Reconciliation of Change in Recurring Level 3 Balances (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Long-Term Debt
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 507	$ 577	$ 514	$ 246
Settlements	(307)		(314)
Additions		0		325
Losses recognized in earnings		(45)		(39)
Ending balance	200	532	200	532
Securitized Beneficial Interests
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	24,393	22,842	19,522	28,072
Issuances of sales of receivables/guarantees	0		0
Settlements	(52,151)	(40,002)	(125,532)	(112,758)
Additions	44,754	60,310	129,031	131,392
Losses recognized in earnings	(2,684)	(5,500)	(8,709)	(9,056)
Ending balance	14,312	37,650	14,312	37,650
Guarantees
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	1,458	1,206	5,262	2,956
Issuances of sales of receivables/guarantees	1,525	1,549	3,779	2,236
Settlements	(31)	(79)	(4,792)	(1,422)
Losses recognized in earnings	(1,249)	(924)	(2,546)	(2,018)
Ending balance	$ 1,703	$ 1,752	$ 1,703	$ 1,752

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Securitized Beneficial Interests
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Unrealized losses for securitized beneficial interests	$ 1,551	$ 2,252

Pension and Other Postretirem_2

Pension and Other Postretirement Benefits (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Loss on pension settlement	$ 12,008	$ 0	$ 12,008	$ 2,588
UNITED KINGDOM \| Defined Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Termination fees and received	1,106
Loss on pension settlement	12,008		12,008
Reclassification of unrecognized net pension (losses) gain	(3,511)		(3,511)
Unrecognized net pension losses	$ 1,170		1,170
UNITED STATES \| Defined Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Loss on pension settlement		0		2,588
Reclassification of unrecognized net pension (losses) gain		$ 1,562		$ 1,562
Cash contributions to fully fund liabilities upon termination			$ 5,300

Contingencies and Other Infor_2

Contingencies and Other Information - Narrative (Details) - Tax Assessment - USD ($) $ in Thousands	Dec. 31, 2023	Mar. 18, 2014	Oct. 26, 2007
Brazilian State of Parana
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss	$ 11,013		$ 2,727
Brazilian State of Santa Catarina
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss	6,997	$ 2,353
Brazil State of Rio Grande do Sul and the State of Santa Catarina
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss	$ 17,068

Related Party Transactions - Su

Related Party Transactions - Summary (Details) - Related Party - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Sales	$ 567	$ 630	$ 21,784	$ 21,180
Purchases	$ 60,034	$ 56,661	$ 161,933	$ 133,057

Related Party Transactions - Ba

Related Party Transactions - Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Accounts receivable, related parties	$ 227,529	$ 185,351	$ 205,991
Accounts payable, related parties	136,397	170,287	135,092
Other receivables \| Related Party
Related Party Transaction [Line Items]
Accounts receivable, related parties	50	3,090	770
Accounts payable \| Related Party
Related Party Transaction [Line Items]
Accounts payable, related parties	31,921	20,438	39,640
Advances from customers \| Related Party
Related Party Transaction [Line Items]
Advances from related parties	$ 4,062	$ 3,494	$ 3,494

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Mar. 31, 2023
Equity Method Investee
Related Party Transaction [Line Items]
Interest payable, related parties	$ 4,091	$ 7,649	$ 4,091	$ 7,649	$ 3,653
Related Party
Related Party Transaction [Line Items]
Interest expense	$ 10,314	$ 9,264	$ 30,683	$ 25,494

Segment Information - Summary (

Segment Information - Summary (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Mar. 31, 2023
Segment Reporting Information [Line Items]
Consolidated sales and other operating revenues	$ 529,816	$ 655,553	$ 1,631,161	$ 1,507,736
Segment and consolidated operating income (loss)	47,759	41,607	130,467	75,695
Restructuring and asset impairment charges	85	35	1,379	4,380
Total assets	1,601,380	1,630,657	1,601,380	1,630,657	$ 1,582,463
Operating Segments
Segment Reporting Information [Line Items]
Segment and consolidated operating income (loss)	47,844	41,642	131,846	80,075
Leaf
Segment Reporting Information [Line Items]
Consolidated sales and other operating revenues	529,072	652,257	1,628,632	1,498,824
Total assets	1,553,460	1,587,806	1,553,460	1,587,806	1,544,798
Leaf \| Operating Segments
Segment Reporting Information [Line Items]
Segment and consolidated operating income (loss)	49,183	47,268	137,421	94,696
All Other
Segment Reporting Information [Line Items]
Consolidated sales and other operating revenues	744	3,296	2,529	8,912
Total assets	47,920	42,851	47,920	42,851	$ 37,665
All Other \| Operating Segments
Segment Reporting Information [Line Items]
Segment and consolidated operating income (loss)	$ (1,339)	$ (5,626)	$ (5,575)	$ (14,621)