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Derivative Financial Instruments (Tables)
 9 Months Ended
Dec. 31, 2019
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
December 29, 2019 and March 31, 2019
 
 
 
Derivatives and Hedging Activities Designated as Cash Flow Hedges
 
Derivatives and Hedging Activities Not Designated as Hedging Instruments
 
 
December 29, 2019
 
March 31, 2019
 
December 29, 2019
 
March 31, 2019
Accrued expenses:
 
 
 
 
 
 
 
 
Lead forward contracts
 
$
3,729

 
$
902

 
$
—

 
$
—

Foreign currency forward contracts
 
59

 
8

 
160

 
241

Total liabilities
 
$
3,788

 
$
910

 
$
160

 
$
241
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 December 29, 2019
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
 
$
(5,267
)
 
Cost of goods sold
 
$
(1,034
)
Foreign currency forward contracts
 
(767
)
 
Cost of goods sold
 
(536
)
Total
 
$
(6,034
)
 
 
 
$
(1,570
)
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
 
$
179

Total
 
 
$
179



The Effect of Derivative Instruments on the Consolidated Condensed Statements of Income
For the quarter ended December 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
 
$
(501
)
 
Cost of goods sold
 
$
(6,892
)
Foreign currency forward contracts
 
583

 
Cost of goods sold
 
789

Total
 
$
82

 
 
 
$
(6,103
)
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
 
$
232

Total
 
 
$
232