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DERIVATIVES AND FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Jun. 30, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Effect of Derivative Instruments Designated as Cash Flow Hedges and Those Not Designated as Hedging Instruments

The following table presents the effect of our derivative instruments designated as cash flow hedges and those not designated as hedging instruments under ASC 815 in our consolidated statements of (loss) income and comprehensive (loss) income for the three months ended June 30, 2018:

(In thousands)		Amount of (Loss) Gain Recognized in Accumulated Other Comprehensive Loss				Amount of (Loss) Gain Reclassified from Accumulated Other Comprehensive Loss into Earnings				Location in Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income		Amount of Gain (Loss) Excluded from Effectiveness Testing				Location in Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income
Designated foreign currency hedge contracts, net of tax		$	1,165			$	(858	)		Net revenues, COGS and SG&A		$	424			Other expense, net
Non-designated foreign currency hedge contracts		—				—						$	921			Other expense, net
Designated interest rate swaps, net of tax		$	—			$	—					$	—

Schedule of Fair Value of Derivative Instruments as They Appear in Consolidated Balance Sheets

The following tables present the fair value of our derivative instruments as they appear in our consolidated balance sheets as of June 30, 2018 and March 31, 2018:

(In thousands)		Location in Balance Sheet		As of				As of
				June 30, 2018				March 31, 2018
Derivative Assets:
Designated foreign currency hedge contracts		Other current assets		$	1,620			$	780
Non-designated foreign currency hedge contracts		Other current assets		18				324
				$	1,638			$	1,104
Derivative Liabilities:
Designated foreign currency hedge contracts		Other current liabilities		$	579			$	1,445
Non-designated foreign currency hedge contracts		Other current liabilities		159				138
				$	738			$	1,583

Schedule of Financial Assets and Financial Liabilities Measured at Fair Value on a Recurring Basis

Financial assets and financial liabilities measured at fair value on a recurring basis consist of the following as of June 30, 2018 and March 31, 2018.

		As of June 30, 2018
(In thousands)		Level 1				Level 2				Total
Assets
Money market funds		$	76,408			$	—			$	76,408
Designated foreign currency hedge contracts		—				1,620				1,620
Non-designated foreign currency hedge contracts		—				18				18
		$	76,408			$	1,638			$	78,046
Liabilities
Designated foreign currency hedge contracts		$	—			$	579			$	579
Non-designated foreign currency hedge contracts		—				159				159
		$	—			$	738			$	738
		As of March 31, 2018
		Level 1				Level 2				Total
Assets
Money market funds		$	75,450			$	—			$	75,450
Designated foreign currency hedge contracts		—				780				780
Non-designated foreign currency hedge contracts		—				324				324
Designated interest rate swaps		—				—				—
		$	75,450			$	1,104			$	76,554
Liabilities
Designated foreign currency hedge contracts		$	—			$	1,445			$	1,445
Non-designated foreign currency hedge contracts		—				138				138
		$	—			$	1,583			$	1,583

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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624181-113959

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
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-Name Accounting Standards Codification
-Topic 815
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-Section 50
-Paragraph 4C
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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
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