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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

6 Months Ended

Sep. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule 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 September 30, 2024 and March 31, 2024 were as follows (in thousands):

			Notional Amounts (a)												Prepaid Expenses and Other Current Assets												Accrued Other
			September 30, 2024						March 31, 2024						September 30, 2024						March 31, 2024						September 30, 2024						March 31, 2024
Derivatives Designated as Hedging Instruments:
Forward contracts			$	10,222					$	11,676					$	132					$	11					$	6					$	74
Derivatives Not Designated as Hedging Instruments:
Forward contracts									—						—						—												—
															$	132					$	11					$	6					$	74

(a) Notional amounts represent the gross contract/notional amount of the derivatives outstanding.

Schedule of Effect of Foreign Exchange Forward Contracts on OCI and Results of Operations

The following table provides the effect that foreign exchange forward contracts designated as hedging instruments had on other comprehensive income (OCI) and results of operations for the three months ended September 30, 2024 and 2023 (in thousands):

			Gain (Loss) Recognized in OCI on Derivative (a)												Gain (Loss) Reclassified from Accumulated OCI into Income (b)
			September 30, 2024						September 30, 2023						Location						September 30, 2024						September 30, 2023
Forward contracts			$	275					$	(349)					Research and development						$	3					$	(3)
															Sales and marketing						(18)						(38)
			$	275					$	(349)											$	(15)					$	(41)

(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 that foreign exchange forward contracts designated as hedging instruments had on other comprehensive income (OCI) and results of operations for the six months ended September 30, 2024 and 2023 (in thousands):

			Gain (Loss) Recognized in OCI on Derivative (a)												Gain (Loss) Reclassified from Accumulated OCI into Income (b)
			September 30, 2024						September 30, 2023						Location						September 30, 2024						September 30, 2023
Forward contracts			$	159					$	(139)					Research and development						$	4					$	(2)
															Sales and marketing						40						(113)
			$	159					$	(139)											$	44					$	(115)

The following table provides the effect that foreign exchange forward contracts not designated as hedging instruments had on the Company's results of operations for the six months ended September 30, 2024 and 2023 (in thousands):

									Gain Recognized in Income (a)
															Location						September 30, 2024						September 30, 2023
Forward contracts															General and administrative						$	—					$	60
																					$	—					$	60

(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
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A

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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
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4B
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B

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