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Derivative Instruments (Tables) | 12 Months Ended
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Mar. 31, 2021
Derivative Instruments [Abstract] |
Derivative Financial Instruments Recorded in Consolidated Balance Sheets | The fair value of the Company’s derivative financial instruments recorded in the consolidated balance sheets were as follows:
_ | Balance Sheet Location |  | March 31, 2021 |  |  | March 31, 2020 |
Derivatives designated as hedges: |  |  |  |  |  |  |
Commodity derivatives | Other current assets |  | $ | 0.5 |  |  | $ | - |
Commodity derivatives | Other current liabilities |  |  | - |  |  |  | 1.3 |
Foreign exchange contracts | Other current assets |  |  | 0.1 |  |  |  | 0.1 |
Derivatives not designated as hedges: |  |  |  |  |  |  |  |  |
Foreign exchange contracts | Other current liabilities |  | $ | - |  |  | $ | - |
Derivative Financial Instruments Designated for Hedge Accounting | The amounts associated with derivative financial instruments that the Company designated for hedge accounting during the years ended March 31 were as follows:
|  | Gain (loss) recognized in other comprehensive income |  | Statement of Operations |  | Gain (loss) reclassified from AOCI |
|  | 2021 |  |  | 2020 |  |  | 2019 |  | Location |  | 2021 |  |  | 2020 |  |  | 2019 |
Commodity derivatives |  | $ | 2.2 |  |  | $ | (2.6 | ) |  | $ | (0.3 | ) | Cost of sales |  | $ | - |  |  | $ | (0.8 | ) |  | $ | (0.4 | )
Foreign exchange contracts |  |  | - |  |  |  | (0.1 | ) |  |  | (0.4 | ) | Net sales |  |  | - |  |  |  | (0.1 | ) |  |  | (0.4 | )
Foreign exchange contracts |  |  | (0.1 | ) |  |  | 0.2 |  |  |  | 1.0 |  | Cost of sales |  |  | (0.1 | ) |  |  | 0.4 |  |  |  | 0.6 |
Total gains (losses) |  | $ | 2.1 |  |  | $ | (2.5 | ) |  | $ | 0.3 |  |  |  | $ | (0.1 | ) |  | $ | (0.5 | ) |  | $ | (0.2 | )
Derivative Financial Instruments Not Designated for Hedge Accounting | The amounts associated with derivative financial instruments that the Company did not designate for hedge accounting were as follows:
_ |  |  | Years ended March 31, |
_ | Statement of Operations Location |  | 2021 |  |  | 2020 |  |  | 2019 |
Foreign exchange contracts | Net sales |  | $ | - |  |  | $ | (0.1 | ) |  | $ | (0.7 | )
Foreign exchange contracts | Other income (expense) - net |  |  | 0.6 |  |  |  | (0.1 | ) |  |  | (0.3 | )
Total gains (losses) |  |  | $ | 0.6 |  |  | $ | (0.2 | ) |  | $ | (1.0 | )

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624163-113959 + Details
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