XML 35 R25.htm IDEA: XBRL DOCUMENT v3.10.0.1
Derivative Financial Instruments (Tables)
 6 Months Ended
Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value of Derivative Instruments Presented below in tabular form is information on the location and amounts of derivative fair values in the Consolidated Condensed Balance Sheets and derivative gains and losses in the Consolidated Condensed Statements of Income:

Fair Value of Derivative Instruments
September 30, 2018 and March 31, 2018
 
 
 
Derivatives and Hedging Activities Designated as Cash Flow Hedges
 
Derivatives and Hedging Activities Not Designated as Hedging Instruments
 
 
September 30, 2018
 
March 31, 2018
 
September 30, 2018
 
March 31, 2018
Prepaid and other current assets
 
 
 
 
 
 
 
 
Foreign currency forward contracts
 
$
—

 
$
209

 
$
—

 
$
—

Total assets
 
$
—

 
$
209

 
$
—

 
$
—

Accrued expenses
 
 
 
 
 
 
 
 
Lead forward contracts
 
$
4,032

 
$
3,877

 
$
—

 
$
—

Foreign currency forward contracts
 
71

 
—

 
50

 
187

Total liabilities
 
$
4,103

 
$
3,877

 
$
50

 
$
187
The Effect Of Derivative Instruments On Consolidated Condensed Statements Of Income The Effect of Derivative Instruments on the Consolidated Condensed Statements of Income
For the quarter ended September 30, 2018
Derivatives Designated as Cash Flow Hedges
 
Pretax Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)
 
Location of Gain (Loss)  Reclassified from AOCI into Income (Effective Portion)
 
Pretax Gain (Loss) Reclassified from AOCI into Income (Effective Portion)
Lead forward contracts
 
$
(11,524
)
 
Cost of goods sold
 
$
(3,742
)
Foreign currency forward contracts
 
138

 
Cost of goods sold
 
434

Total
 
$
(11,386
)
 
 
 
$
(3,308
)
Derivatives Not Designated as Hedging Instruments
Location of Gain (Loss) Recognized in Income on Derivatives
 
Pretax Gain (Loss)
Foreign currency forward contracts
Other (income) expense, net
 
$
96

Total
 
 
$
96



The Effect of Derivative Instruments on the Consolidated Condensed Statements of Income
For the quarter ended October 1, 2017
Derivatives Designated as Cash Flow Hedges
 
Pretax Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)
 
Location of Gain (Loss)  Reclassified from AOCI into Income (Effective Portion)
 
Pretax Gain (Loss) Reclassified from AOCI into Income (Effective Portion)
Lead forward contracts
 
$
3,896

 
Cost of goods sold
 
$
(1,892
)
Foreign currency forward contracts
 
(1,029
)
 
Cost of goods sold
 
(1,067
)
Total
 
$
2,867

 
 
 
$
(2,959
)
Derivatives Not Designated as Hedging Instruments
Location of Gain (Loss) Recognized in Income on Derivatives
 
Pretax Gain (Loss)
Foreign currency forward contracts
Other (income) expense, net
 
$
(36
)
Total
 
 
$
(36
)



The Effect of Derivative Instruments on the Consolidated Condensed Statements of Income
For the six months ended September 30, 2018

Derivatives Designated as Cash Flow Hedges
 
Pretax Gain (Loss) Recognized in AOCI on Derivative (Effective Portion)
 
Location of Gain (Loss)  Reclassified from AOCI into Income (Effective Portion)
 
Pretax Gain (Loss) Reclassified from AOCI into Income (Effective Portion)
Lead forward contracts
 
$
(11,009
)
 
Cost of goods sold
 
$
(2,719
)
Foreign currency forward contracts
 
720

 
Cost of goods sold
 
(803
)
Total
 
$
(10,289
)
 
 
 
$
(3,522
)
Derivatives Not Designated as Hedging Instruments
Location of Gain (Loss) Recognized in Income on Derivative
 
Pretax Gain (Loss)
Foreign currency forward contracts
Other (income) expense, net
 
$
(622
)
Total
 
 
$
(622
)


The Effect of Derivative Instruments on the Consolidated Condensed Statements of Income
For the six months ended October 1, 2017

Derivatives Designated as Cash Flow Hedges
 
Pretax Gain (Loss) Recognized in AOCI on Derivative (Effective Portion)
 
Location of Gain (Loss)  Reclassified from AOCI into Income (Effective Portion)
 
Pretax Gain (Loss) Reclassified from AOCI into Income (Effective Portion)
Lead forward contracts
 
$
3,082

 
Cost of goods sold
 
$
(89
)
Foreign currency forward contracts
 
(3,088
)
 
Cost of goods sold
 
(903
)
Total
 
$
(6
)
 
 
 
$
(992
)

Derivatives Not Designated as Hedging Instruments
Location of Gain (Loss) Recognized in Income on Derivative
 
Pretax Gain (Loss)
Foreign currency forward contracts
Other (income) expense, net
 
$
12

Total
 
 
$
12