XML 57 R15.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Foreign Currency Exchange Contracts and Hedging | 12 Months Ended
--- | ---
Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Foreign Currency Exchange Contracts and Hedging | Foreign Currency Exchange Rate Contracts and Hedging As of March 31, 2018, the Company had Designated Derivative Contracts with five counterparties and Non-Designated Derivative Contracts with two counterparties, all with various maturity dates within the next 12 months. As of March 31, 2018, the Company had the following foreign currency exchange rate forward contracts:
| Designated Derivative Contracts |  | Non-Designated Derivative Contracts |  | Total
Notional value | $ | 126,332 |  |  | $ | 4,802 |  |  | $ | 131,134 |
Fair value recorded in other current assets | 950 |  |  | — |  |  | 950 |
Fair value recorded in other accrued expenses | (143 | ) |  | (10 | ) |  | (153 | )
As of March 31, 2017, the Company had the following foreign currency exchange rate forward contracts:
| Designated Derivative Contracts |  | Non-Designated Derivative Contracts |  | Total
Notional value | $ | 100,000 |  |  | $ | — |  |  | $ | 100,000 |
Fair value recorded in other current assets | 1,365 |  |  | — |  |  | 1,365 |
During the years ended March 31, 2018 and 2017, the Company entered into and settled Designated Derivative Contracts with notional values totaling approximately $21,000 and $11,000, respectively, and Non-Designated Derivative Contracts with notional values totaling approximately $81,000 and $263,000, respectively. During the year ended March 31, 2018, the Company settled Designated Derivative Contracts with notional values totaling approximately $100,000, which had been entered into in the prior period. The non-performance risk of the Company and the counterparties did not have a material impact on the fair value of the derivative instruments. During the years ended March 31, 2018 and 2017, the Designated Derivative Contracts remained effective and that portion of any gain or loss was recognized in AOCI and reclassified into earnings in the same period or periods during which the hedged transaction affected earnings. As of March 31, 2018, the amount of unrealized losses on foreign currency exchange rate forward contracts recognized in AOCI is expected to be reclassified into income within the next 15 months. Refer to Note 10, "Accumulated Other Comprehensive Loss," for further information. The following table summarizes the effect of Designated Derivative Contracts:
| Years Ended March 31,
| 2018 |  | 2017 |  | 2016
Location of amount reclassified from accumulated other comprehensive loss into income (effective portion) | Net sales
Amount of (loss) gain recognized in other comprehensive income (loss) on derivative instruments (effective portion) | $(9,593) |  | $8,208 |  | $(850)
Amount of (loss) gain reclassified from accumulated other comprehensive loss into income (effective portion) | $(8,541) |  | $7,082 |  | $(1,592)
Location of amount excluded from effectiveness testing | SG&A expenses
Amount of gain excluded from effectiveness testing | $1,376 |  | $534 |  | $207
The following table summarizes the effect of Non-Designated Derivative Contracts:
| Years Ended March 31,
| 2018 |  | 2017 |  | 2016
Location of amount recognized in income on derivative instruments | SG&A expenses
Amount of (loss) gain recognized in income on derivative instruments | $(2,574) |  | $2,202 |  | $(1,532)
Subsequent to March 31, 2018 through May 25, 2018, the Company entered into Non-Designated Derivative Contracts with notional values totaling approximately $14,000, which are expected to mature over the next nine months, and no Designated Derivative Contracts. At May 25, 2018, the Company's outstanding hedging contracts were held by an aggregate of five counterparties.

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -URI http://asc.fasb.org/topic&trid=2229140 + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration