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FAIR VALUE MEASUREMENTS (Tables) | 12 Months Ended
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Mar. 31, 2022
Fair Value Disclosures [Abstract] |
Summary of Fair Value Measurements | The financial instruments measured at fair value in the accompanying consolidated balance sheets consist of the following:
| Recurring Fair Value Measurements as of March 31, 2022
| Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: |  |  |  |  |  |  |
Long term deferred compensation plan asset (1) | 16,512 |  |  | — |  |  | — |  |  | 16,512 |
Long-term derivative instruments (3) | — |  |  | 4,088 |  |  | — |  |  | 4,088 |
Total Assets | $ | 16,512 |  |  | $ | 4,088 |  |  | $ | — |  |  | $ | 20,600 |
Liabilities: |  |  |  |  |  |  |
Current derivative instruments (3) | — |  |  | 4,324 |  |  | — |  |  | 4,324 |
Long-term derivative instruments (3) | — |  |  | 39 |  |  | — |  |  | 39 |
Long term deferred compensation plan liability (1) | 16,512 |  |  | — |  |  | — |  |  | 16,512 |
Total Liabilities | $ | 16,512 |  |  | $ | 4,363 |  |  | $ | — |  |  | $ | 20,875 |
| Recurring Fair Value Measurements as of March 31, 2021
| Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: |  |  |  |  |  |  |
Long term deferred compensation plan asset (1) | $ | 14,142 |  |  | $ | — |  |  | $ | — |  |  | $ | 14,142 |
Total Assets | $ | 14,142 |  |  | $ | — |  |  | $ | — |  |  | $ | 14,142 |
Liabilities: |  |  |  |  |  |  |
Contingent consideration liability (2) | $ | — |  |  | $ | — |  |  | $ | 1,223 |  |  | $ | 1,223 |
Current derivative instruments (3) | $ | — |  |  | $ | 17,163 |  |  | $ | — |  |  | $ | 17,163 |
Long-term derivative instruments (3) | $ | — |  |  | $ | 20,999 |  |  | $ | — |  |  | $ | 20,999 |
Long term deferred compensation plan liability (1) | $ | 14,142 |  |  | $ | — |  |  | $ | — |  |  | $ | 14,142 |
Total liabilities | $ | 14,142 |  |  | $ | 38,162 |  |  | $ | 1,223 |  |  | $ | 53,527 |
(1) Investments in this category consist of primarily of mutual funds whose fair values are determined by reference to the quoted market price per unit in active markets multiplied by the number of units held without consideration of transaction costs. These assets represent investments held in a consolidated trust to fund the Company's non-qualified deferred compensation plan and are recorded in other long-term assets and other long-term liabilities on our consolidated balance sheets. (2) The Company recognized a contingent consideration liability of $3.6 million in connection with the acquisition of Aquilent in fiscal 2017. As of March 31, 2021, the estimated fair value of the contingent consideration liability was $1.2 million, and was valued using probability-weighted cash flows, which is based on the use of Level 3 fair value measurement inputs. As of March 31, 2022 the relevant statute of limitations pertaining to the contingent liability expired at which point the Company wrote off the existing liability balance. (3) The Company’s interest rate swaps are considered over-the-counter derivatives and fair value is estimated based on the present value of future cash flows using a model-derived valuation that uses Level 2 observable inputs such as interest rate yield curves. See Note 11 to the consolidated financial statements for further discussion on the Company’s derivative instruments designated as cash flow hedges.

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- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19279-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI http://asc.fasb.org/extlink&oid=123874694&loc=SL7498348-110258 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bb) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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