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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables) | 12 Months Ended
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Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Summary of Notional Amounts and Fair Values of Derivative Instruments on Consolidated Balance Sheet | The notional amounts and fair values of derivative instruments in the consolidated balance sheets at March 31, 2022 and 2021 were as follows (in thousands):
| Notional Amounts (a) |  | Prepaid Expenses and Other Current Assets |  | Accrued Other
| March 31, 2022 |  | March 31, 2021 |  | March 31, 2022 |  | March 31, 2021 |  | March 31, 2022 |  | March 31, 2021
Derivatives Designated as Hedging Instruments: |  |  |  |  |  |  |  |  |  |  |
Forward contracts | $ | 5,578 |  |  | $ | 11,037 |  |  | $ | 20 |  |  | $ | 57 |  |  | $ | 78 |  |  | $ | 152 |
Derivatives Not Designated as Hedging Instruments: |  |  |  |  |  |  |  |  |  |  |
Forward contracts | — |  |  | 6,373 |  |  | — |  |  | — |  |  | — |  |  | 39 |
|  |  |  |  | $ | 20 |  |  | $ | 57 |  |  | $ | 78 |  |  | $ | 191 |
(a) Notional amounts represent the gross contract/notional amount of the derivatives outstanding.
Summary of Effect of Foreign Exchange Forward Contracts on OCI and Results of Operations | The following table provides the effect foreign exchange forward contracts had on other comprehensive income (loss), (OCI) and results of operations during the fiscal years ended March 31, 2022 and 2021 (in thousands):
| Gain Recognized in OCI on Derivative (a) |  |  |  | Loss Reclassified from Accumulated OCI into Income (b) |  |
| March 31, |  | March 31, |  |  |  | March 31, |  | March 31, |  |  |  |  |  |
| 2022 |  | 2021 |  | Location |  | 2022 |  | 2021 |  |  |  |  |  |
Forward contracts | $ | 82 |  |  | $ | 274 |  |  | Research and development |  | $ | (26) |  |  | $ | (57) |  |  |  |  |  |  |
|  |  |  |  | Sales and marketing |  | (30) |  |  | (252) |  |  |  |  |  |  |
| $ | 82 |  |  | $ | 274 |  |  |  |  | $ | (56) |  |  | $ | (309) |  |  |  |  |  |  |
(a)The amount represents the change in fair value of derivative contracts due to changes in spot rates. (b)The amount represents reclassification from other comprehensive income to earnings that occurs when the hedged item affects earnings. The following table provides the effect foreign exchange forward contracts not designated as hedging instruments had on the Company's results of operations during the fiscal years ended March 31, 2022 and 2021 (in thousands):
|  |  | Gain Recognized in Income (a)
|  |  | March 31, |  | March 31,
| Location |  | 2022 |  | 2021
Forward contracts | General and administrative |  | $ | 141 |  |  | $ | 115 |
|  |  | $ | 141 |  |  | $ | 115 |
(a) The amount represents the change in fair value of derivative contracts due to changes in spot rates.

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- Definition 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=125515794&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of the presentation of foreign exchange contracts on the statement of financial position, including the fair value amounts and location of such amounts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 + Details
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