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Derivative Instruments (Tables) | 12 Months Ended
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Mar. 31, 2022
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, 2022, 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 (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, |  |  |  |  |  |  |
2022 |  | Foreign exchange contracts | $ | (193) |  |  | Cost of products sold |  | $ | (60) |
2022 |  | Interest rate swap | $ | 2,567 |  |  | Interest expense |  | $ | (2,020) |
2022 |  | Cross currency swap | $ | 3,548 |  |  | Foreign currency exchange loss (gain) |  | $ | 7,925 |
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 |
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, |  |  |  |
2022 |  | Foreign currency exchange loss (gain) |  | $ | — |
2021 |  | Foreign currency exchange loss (gain) |  | $ | — |
2020 |  | Foreign currency exchange loss (gain) |  | $ | 17 |
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, 2022 and 2021 (in thousands):
|  |  |  | Fair Value of Asset (Liability) March 31,
Derivatives Designated as Hedging Instruments |  | Balance Sheet Location |  | 2022 |  | 2021
Foreign exchange contracts |  | Accrued Liabilities |  | $ | (217) |  |  | $ | (83) |
Interest rate swap |  | Prepaid expenses and other |  | 859 |  |  | — |
Interest rate swap |  | Other Assets |  | 4,512 |  |  | — |
Interest rate swap |  | Accrued Liabilities |  | (1,371) |  |  | (1,185) |
Interest rate swap |  | Other non current liabilities |  | (387) |  |  | (872) |
Cross currency swap |  | Accrued liabilities |  | (170) |  |  | (13,895) |
Cross currency swap |  | Other non current liabilities |  | (8,543) |  |  | — |

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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 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=125515794&loc=SL5624163-113959 + Details
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