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Derivative Financial Instruments (Tables)

9 Months Ended

Dec. 29, 2024

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, 2024 and March 31, 2024

						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
						December 29, 2024						March 31, 2024						December 29, 2024						March 31, 2024						December 29, 2024						March 31, 2024
Prepaid and other current assets:
Lead forward contracts						$	—					$	—					$	—					$	—					$	—					$	—
Foreign currency forward contracts						1,095						396						—						—						611						—
Net investment hedges						—						—						—						—						—						—
Other assets:
Interest rate swaps						1,204						2,696						—						—						—						—
Net investment hedges						—						—						—						—						—						—
Total assets						$	2,299					$	3,092					$	—					$	—					$	611					$	—
Accrued expenses:
Lead forward contracts						$	1,579					$	835					$	—					$	—					$	—					$	—
Foreign currency forward contracts						—						—						—						—						—						391
Other liabilities:
Interest rate swaps						—						—						—						—						—						—
Net investment hedges						—						—						16,827						19,167						—						—
Total liabilities						$	1,579					$	835					$	16,827					$	19,167					$	—					$	391

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, 2024

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						$	(3,501)					Cost of goods sold						$	(3,317)
Foreign currency forward contracts						1,905						Cost of goods sold						(194)
Interest rate swaps						3,296						Interest expense						491
Total						$	1,700											$	(3,020)

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						$	14,440					Interest expense						$	1,009
Total						$	14,440											$	1,009

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						$	(17)
Total									$	(17)

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

For the quarter ended December 31, 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						$	(2,403)					Cost of goods sold						$	1,312
Foreign currency forward contracts						(90)						Cost of goods sold						410
Interest rate swaps						(2,946)						Interest expense						1,612
Total						$	(5,439)											$	3,334
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						$	(7,420)					Interest expense						$	796
Total						$	(7,420)											$	796

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						$	538
Total									$	538

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

For the nine months ended December 29, 2024

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						$	(3,893)					Cost of goods sold						$	(3,020)
Foreign currency forward contracts						1,712						Cost of goods sold						82
Interest rate swaps						65						Interest expense						1,557
Total						$	(2,116)											$	(1,381)

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						$	4,323					Interest expense						$	1,984
Total						$	4,323											$	1,984

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						$	1,765
Total									$	1,765

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

For the nine months ended December 31, 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						$	(25)					Cost of goods sold						$	4,860
Foreign currency forward contracts						769						Cost of goods sold						346
Interest rate swaps						3,517						Interest expense						2,242
Total						$	4,261											$	7,448

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						$	(6,509)					Interest expense						$	908
Total						$	(6,509)											$	908

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						$	(666)
Total									$	(666)

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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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