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

3 Months Ended

9 Months Ended

Dec. 31, 2021

Dec. 31, 2020

Dec. 31, 2021

Dec. 31, 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						December 31, 2021						March 31, 2021
Foreign exchange contracts			Prepaid expenses and other						$	28					—
Foreign exchange contracts			Accrued liabilities						(92)						(83)
Interest rate swap			Prepaid expenses and other						54						—
Interest rate swap			Other assets						300						—
Interest rate swap			Accrued liabilities						(1,133)						(1,185)
Interest rate swap			Other non current liabilities						(599)						(872)
Cross currency swap			Accrued liabilities						(689)						(13,895)
Cross currency swap			Other non current liabilities						(10,945)						—

Derivative Instruments, Gain (Loss)

The following is the effect of derivative instruments on the Condensed Consolidated Statements of Operations for the three months ended December 31, 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

December 31, 2021

Foreign exchange contracts

$

(37)

Cost of products sold

$

(13)

December 31, 2021

Interest rate swaps

546

Interest expense

(426)

December 31, 2021

Cross currency swaps

1,848

Foreign currency exchange (gain) loss

2,386

December 31, 2020

Foreign exchange contracts

(10)

Cost of products sold

5

December 31, 2020

Interest rate swap

(127)

Interest expense

(403)

December 31, 2020

Cross currency swaps

(5,480)

Foreign currency exchange (gain) loss

(5,319)

Derivatives Not Designated as Hedging Instruments			Location of Gain (Loss) Recognized in Income on Derivatives			Amount of Gain (Loss) Recognized in Income on Derivatives
December 31, 2021			Foreign currency exchange (gain) loss			$	—
December 31, 2020			Foreign currency exchange (gain) loss			1

The following is derivative instruments on the Condensed Consolidated Balance Sheets for the nine months ended December 31, 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

December 31, 2021

Foreign exchange contracts

$

(51)

Cost of products sold

$

(42)

December 31, 2021

Interest rate swaps

(315)

Interest expense

(1,220)

December 31, 2021

Cross currency swaps

1,358

Foreign currency exchange (gain) loss

4,743

December 31, 2020

Foreign exchange contracts

(171)

Cost of products sold

83

December 31, 2020

Interest rate swap

(494)

Interest expense

(1,090)

December 31, 2020

Cross currency swaps

(13,420)

Foreign currency exchange (gain) loss

(13,247)

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

$ (13)

$ 5

$ (42)

$ 83

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

(426)

(403)

(1,220)

(1,090)

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

2,386

(5,319)

4,743

(13,247)

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

$ 1

$ 0

$ 13

X

- Definition

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

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