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Derivative Instruments and Hedging Activities (Tables) - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Jun. 30, 2021 | Jun. 30, 2020
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 |  | June 30, 2021 |  | March 31, 2021
Foreign exchange contracts | Accrued liabilities |  | (91) |  |  | (83) |
Interest rate swap | Accrued liabilities |  | (1,081) |  |  | (1,185) |
Interest rate swap | Other non current liabilities |  | (671) |  |  | (872) |
Cross currency swap | Accrued liabilities |  | (15,335) |  |  | (13,895) |
Derivative Instruments, Gain (Loss) | The following is the effect of derivative instruments on the Condensed Consolidated Statements of Operations for the three months ended June 30, 2021 and 2020 (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
June 30, 2021 | Foreign exchange contracts | $ | (37) |  | Cost of products sold | $ | 4 |
June 30, 2021 | Interest rate swaps | (103) |  | Interest expense | (335) |
June 30, 2021 | Cross currency swaps | (1,080) |  | Foreign currency exchange (gain) loss | (985) |
June 30, 2020 | Foreign exchange contracts | (125) |  | Cost of products sold | 8 |
June 30, 2020 | Interest rate swap | (173) |  | Interest expense | (262) |
June 30, 2020 | Cross currency swaps | (2,273) |  | Foreign currency exchange (gain) loss | (2,305) |
Derivatives Not Designated as Hedging Instruments | Location of Gain (Loss) Recognized in Income on Derivatives | Amount of Gain (Loss) Recognized in Income on Derivatives
June 30, 2021 | Foreign currency exchange (gain) loss | $ | — |
June 30, 2020 | Foreign currency exchange (gain) loss | (18) |
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 | $ (37) | $ (125)
Designated as Hedging Instrument | Foreign exchange contracts | Cost of products sold |  |
Derivatives, Fair Value [Line Items] |  |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | 4 | 8
Designated as Hedging Instrument | Interest Rate Swap [Member] | Interest Expense [Member] |  |
Derivatives, Fair Value [Line Items] |  |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | (335) | (262)
Designated as Hedging Instrument | Interest Rate Swap [Member] | Cost of products sold |  |
Derivatives, Fair Value [Line Items] |  |
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax | (103) | (173)
Designated as Hedging Instrument | Cross Currency Interest Rate Contract [Member] | Foreign currency exchange (gain) loss |  |
Derivatives, Fair Value [Line Items] |  |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | (985) | (2,305)
Designated as Hedging Instrument | Cross Currency Interest Rate Contract [Member] | Cost of products sold |  |
Derivatives, Fair Value [Line Items] |  |
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax | (1,080) | (2,273)
Derivatives Not Designated as Hedging Instruments | Foreign exchange contracts | Foreign currency exchange (gain) loss |  |
Derivatives, Fair Value [Line Items] |  |
Derivative, Gain (Loss) on Derivative, Net | $ 0 | $ (18)

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