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v3.25.1

Derivative Instruments (Tables) | 12 Months Ended
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Mar. 31, 2025
Derivative Instruments. |
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, 2025 |  | March 31, 2024
Derivatives designated as hedges: |  |  |  | ​ |  |  | ​ |
Commodity derivatives |  | Other current assets | ​ | $ | 0.1 | ​ | $ | —
Foreign exchange contracts |  | Other current liabilities | ​ | ​ | 0.7 | ​ | ​ | —
Foreign exchange contracts |  | Other current assets | ​ | ​ | — | ​ | ​ | 0.1
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivatives not designated as hedges: |  |  | ​ |  | ​ | ​ |  |
Foreign exchange contracts |  | Other current liabilities | ​ | $ | 0.4 | ​ | $ | 0.3
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 | ​ | Statement of | ​ | Gain (loss) reclassified
​ | ​ | other comprehensive income | ​ | Operations | ​ | from AOCI
​ |  | 2025 |  | 2024 |  | 2023 |  | Location |  | 2025 |  | 2024 |  | 2023
Commodity derivatives | ​ | $ | 0.2 | ​ | $ | (0.3) | ​ | $ | (1.6) |  | ​ | Cost of sales | ​ | $ | — | ​ | $ | (0.3) | ​ | $ | (1.0)
Foreign exchange contracts | ​ |  | (0.8) | ​ |  | 0.3 | ​ |  | 1.6 |  | ​ | Net sales | ​ |  | 0.1 | ​ |  | 1.3 | ​ |  | 0.6
Foreign exchange contracts | ​ |  | (0.3) | ​ |  | 0.1 | ​ |  | 0.4 |  | ​ | Cost of sales | ​ |  | — | ​ |  | — | ​ |  | 0.7
Total (losses) gains | ​ | $ | (0.9) | ​ | $ | 0.1 | ​ | $ | 0.4 | ​ | ​ | ​ | ​ | $ | 0.1 | ​ | $ | 1.0 | ​ | $ | 0.3
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:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Statement of Operations | ​ | Years ended March 31,
​ |  | Location |  | 2025 |  | 2024 |  | 2023
Foreign exchange contracts |  | ​ | Net sales | ​ | $ | — | ​ | $ | (0.9) | ​ | $ | (0.5)
Foreign exchange contracts |  | ​ | Other expense – net | ​ |  | (2.4) | ​ |  | (1.0) | ​ |  | (2.6)
Total losses | ​ | ​ | ​ | ​ | $ | (2.4) | ​ | $ | (1.9) | ​ | $ | (3.1)
​

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