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Derivative Instruments and Hedging Activities (Tables) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Sep. 30, 2020

Sep. 30, 2019

Sep. 30, 2020

Sep. 30, 2019

Derivatives, Fair Value [Line Items]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following is information relative to the Company’s derivative instruments in the Condensed Consolidated Balance Sheets (in thousands):

									Fair Value of Asset (Liability)
Derivatives Designated as Hedging Instruments			Balance Sheet Location						September 30, 2020						March 31, 2020
Foreign exchange contracts			Prepaid expenses and other						$	25					$	318
Foreign exchange contracts			Accrued liabilities						—						(33)
Interest rate swap			Accrued liabilities						(1,399)						(1,402)
Interest rate swap			Other non current liabilities						(1,476)						(1,894)
Cross currency swap			Prepaid expenses and other						197						1,750
Cross currency swap			Accrued liabilities						—						—
Cross currency swap			Other non current liabilities						(14,289)						(5,254)
Derivatives Not Designated as Hedging Instruments			Balance Sheet Location						September 30, 2020						March 31, 2020
Foreign exchange contracts			Accrued Liabilities						(1)						—

Derivative Instruments, Gain (Loss)

The following is the effect of derivative instruments on the Condensed Consolidated Statements of Operations for the three months ended September 30, 2020 and 2019 (in thousands):

Derivatives Designated as Cash Flow Hedges

Type of Instrument

Amount of Gain or (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives

Location of Gain or (Loss) Recognized in Income on Derivatives

Amount of Gain or (Loss) Reclassified from AOCL into Income

September 30, 2020

Foreign exchange contracts

$

(36)

Cost of products sold

$

70

September 30, 2020

Interest rate swaps

(194)

Interest expense

(425)

September 30, 2020

Cross currency swaps

(5,667)

Foreign currency exchange (gain) loss

(5,623)

September 30, 2019

Foreign exchange contracts

49

Cost of products sold

7

September 30, 2019

Interest rate swap

(313)

Interest expense

112

September 30, 2019

Cross currency swaps

6,605

Foreign currency exchange (gain) loss

6,428

Derivatives Not Designated as Hedging Instruments			Location of Gain (Loss) Recognized in Income on Derivatives			Amount of Gain (Loss) Recognized in Income on Derivatives
September 30, 2020			Foreign currency exchange (gain) loss			$	17
September 30, 2019			Foreign currency exchange (gain) loss			(42)

The following is the effect of derivative instruments on the Condensed Consolidated Statements of Operations for the six months ended September 30, 2020 and 2019 (in thousands):

Derivatives Designated as Cash Flow Hedges

Type of Instrument

Amount of Gain or (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives

Location of Gain or (Loss) Recognized in Income on Derivatives

Amount of Gain or (Loss) Reclassified from AOCL into Income

September 30, 2020

Foreign exchange contracts

$

(161)

Cost of products sold

$

78

September 30, 2020

Interest rate swaps

(367)

Interest expense

(687)

September 30, 2020

Cross currency swaps

(7,940)

Foreign currency exchange (gain) loss

(7,928)

September 30, 2019

Foreign exchange contracts

49

Cost of products sold

8

September 30, 2019

Interest rate swap

(1,726)

Interest expense

359

September 30, 2019

Cross currency swaps

5,604

Foreign currency exchange (gain) loss

4,524

Derivatives Not Designated as Hedging Instruments			Location of Gain (Loss) Recognized in Income on Derivatives			Amount of Gain (Loss) Recognized in Income on Derivatives
September 30, 2020			Foreign currency exchange (gain) loss			$	(1)
September 30, 2019			Foreign currency exchange (gain) loss			(7)

Designated as Hedging Instrument | Foreign exchange contracts

Derivatives, Fair Value [Line Items]

Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax

$ (36)

$ 49

$ (161)

$ 49

Cost of products sold | Designated as Hedging Instrument | Foreign exchange contracts

Derivatives, Fair Value [Line Items]

Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net

70

7

78

8

Cost of products sold | Designated as Hedging Instrument | Interest Rate Swap [Member]

Derivatives, Fair Value [Line Items]

Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax

(194)

(313)

(367)

(1,726)

Cost of products sold | Designated as Hedging Instrument | Cross Currency Interest Rate Contract [Member]

Derivatives, Fair Value [Line Items]

Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax

(5,667)

6,605

(7,940)

5,604

Interest Expense [Member] | Designated as Hedging Instrument | Interest Rate Swap [Member]

Derivatives, Fair Value [Line Items]

Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net

(425)

112

(687)

359

Foreign currency exchange (gain) loss | Designated as Hedging Instrument | Cross Currency Interest Rate Contract [Member]

Derivatives, Fair Value [Line Items]

Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net

(5,623)

6,428

(7,928)

4,524

Foreign currency exchange (gain) loss | Derivatives Not Designated as Hedging Instruments | Foreign exchange contracts

Derivatives, Fair Value [Line Items]

Derivative, Gain (Loss) on Derivative, Net

$ 17

$ (42)

$ (1)

$ (7)

X

- Definition

Amount of increase (decrease) in the fair value of derivatives recognized in the income statement.

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