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Derivative Financial Instruments (Tables)

9 Months Ended

Jan. 01, 2023

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

January 1, 2023 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
						January 1, 2023						March 31, 2022						January 1, 2023						March 31, 2022						January 1, 2023						March 31, 2022
Prepaid and other current assets:
Lead forward contracts						$	8,085					$	2,520					$	—					$	—					$	—					$	—
Foreign currency forward contracts						—						256						—						—						832						—
Net investment hedges						—						—						1,167						4,388						—						—
Other assets:
Net investment hedges						—						—						—						—						—						—
Total assets						$	8,085					$	2,776					$	1,167					$	4,388					$	832					$	—
Accrued expenses:
Lead forward contracts						$	—					$	—					$	—					$	—					$	—					$	—
Foreign currency forward contracts						368						—						—						—						—						512
Other liabilities:
Net investment hedges						—						—						15,551						4,090						—						—
Total liabilities						$	368					$	—					$	15,551					$	4,090					$	—					$	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 January 1, 2023

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						$	12,278					Cost of goods sold						$	(4,144)
Foreign currency forward contracts						(654)						Cost of goods sold						1,660
Total						$	11,624											$	(2,484)

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						$	(10,526)					Interest expense						$	360
Total						(10,526)												360

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						$	1,856
Total									$	1,856

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

For the quarter ended January 2, 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						$	4,198					Cost of goods sold						$	5,147
Foreign currency forward contracts						296						Cost of goods sold						374
Total						$	4,494											$	5,521
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						$	(5,530)					Interest expense						$	88
Total						(5,530)												88

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						$	304
Total									$	304

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

For the nine months ended January 1, 2023

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						$	1,750					Cost of goods sold						$	(5,342)
Foreign currency forward contracts						1,962						Cost of goods sold						2,931
Total						$	3,712											$	(2,411)

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						$	30,092					Interest expense						$	3,283
Total						30,092												3,283

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						$	1,383
Total									$	1,383

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

For the nine months ended January 2, 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						$	9,361					Cost of goods sold						$	8,423
Foreign currency forward contracts						549						Cost of goods sold						346
Total						$	9,910											$	8,769

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						$	(5,530)					Interest expense						$	88
Total						(5,530)												88

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						421
Total									421

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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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