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Derivative Instruments (Tables)

12 Months Ended

Mar. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The following is the effect of derivative instruments on the consolidated statements of operations for the years ended March 31, 2021, 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 (Effective Portion)						Location of Gain or (Loss) Recognized in Income on Derivatives						Amount of Gain or (Loss) Reclassified from AOCL into Income (Effective Portion)
March 31,
2021						Foreign exchange contracts			$	(238)					Cost of products sold						$	83
2021						Interest rate swap			$	(521)					Interest expense						$	(1,463)
2021						Cross currency swap			$	(7,793)					Foreign currency exchange loss (gain)						$	(7,268)
2020						Foreign exchange contracts			$	303					Cost of products sold						$	40
2020						Interest rate swap			$	(3,185)					Interest expense						$	242
2020						Cross currency swap			$	7,654					Foreign currency exchange loss (gain)						$	2,888
2019						Foreign exchange contracts			$	(24)					Cost of products sold						$	(16)
2019						Interest rate swap			$	(1,275)					Interest expense						$	765
2019						Cross currency swap			$	18,242					Foreign currency exchange loss (gain)						$	17,231

Derivatives Not Designated as  Hedging Instruments (Foreign Exchange Contracts)						Location of Gain or (Loss) Recognized in Income on Derivatives						Amount of Gain or (Loss) Recognized in  Income on  Derivatives
March 31,
2021						Foreign currency exchange loss (gain)						$	—
2020						Foreign currency exchange loss (gain)						$	17
2019						Foreign currency exchange loss (gain)						$	13

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

The following is information relative to the Company’s derivative instruments in the consolidated balance sheets as of March 31, 2021 and 2020 (in thousands):

												Fair Value of Asset (Liability) March 31,
Derivatives Designated as Hedging Instruments						Balance Sheet Location						2021						2020
Foreign exchange contracts						Prepaid expenses and other						$	—					$	318
Foreign exchange contracts						Accrued Liabilities						(83)						(33)
Interest rate swap						Accrued Liabilities						(1,185)						(1,402)
Interest rate swap						Other non current liabilities						(872)						(1,894)
Cross currency swap						Prepaid expenses and other						—						1,750
Cross currency swap						Accrued liabilities						(13,895)						—
Cross currency swap						Other non current liabilities						—						(5,254)

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- References

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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=121590274&loc=SL5624181-113959

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5618551-113959

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959

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- Definition

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.

+ 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
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624163-113959

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