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Derivative Financial Instruments (Tables)

3 Months Ended

Jul. 03, 2022

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

July 3, 2022 and March 31, 2022

						Derivatives and Hedging  Activities Designated as Cash Flow Hedges												Derivatives and Hedging Activities Designated as Net Investment Hedges												Derivatives and Hedging Activities Not Designated as Hedging Instruments
						July 3, 2022						March 31, 2022						July 3, 2022						March 31, 2022						July 3, 2022						March 31, 2022
Prepaid and other current assets:
Lead forward contracts						$	—					$	2,520					$	—					$	—					$	—					$	—
Foreign currency forward contracts						475						256						—						—						—						—
Net investment hedges						—						—						5,041						4,388						—						—
Other assets:
Net investment hedges						—						—						17,594						—						—						—
Total assets						$	475					$	2,776					$	22,635					$	4,388					$	—					$	—
Accrued expenses:
Lead forward contracts						$	5,431					$	—					$	—					$	—					$	—					$	—
Foreign currency forward contracts						—						—						—						—						231						512
Other liabilities:
Net investment hedges						—						—						—						4,090						—						—
Total liabilities						$	5,431					$	—					$	—					$	4,090					$	231					$	512

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 July 3, 2022

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						$	(10,862)					Cost of goods sold						$	695
Foreign currency forward contracts						1,255						Cost of goods sold						446
Total						$	(9,607)											$	1,141

Derivatives Designated as Net Investment 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)
Cross currency fixed interest rate swaps						$	23,595					Interest expense						$	1,258
Total						$	23,595											$	1,258

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						$	216
Total									$	216

The Effect of Derivative Instruments on the Consolidated Condensed Statements of Income

For the quarter ended July 4, 2021

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						$	7,572					Cost of goods sold						$	2,459
Foreign currency forward contracts						(189)						Cost of goods sold						(160)
Total						$	7,383											$	2,299

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						$	(6)
Total									$	(6)

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Schedule of Derivative Instruments Effect on Other Comprehensive Income Loss and Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) Reclassified to Earnings [Table Text Block]

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Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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