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Derivative Instruments and Hedging Activities (Tables) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
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 InstrumentsBalance Sheet LocationDecember 31, 2022March 31, 2022
Foreign exchange contractsPrepaid expenses and other$205 $— 
Foreign exchange contractsAccrued liabilities(91)(217)
Interest rate swapPrepaid expenses and other8,268 859 
Interest rate swapOther assets5,193 4,512 
Interest rate swapAccrued liabilities(599)(1,371)
Interest rate swapOther non current liabilities— (387)
Cross currency swapPrepaid expenses and other495 — 
Cross currency swapAccrued liabilities— (170)
Cross currency swapOther non current liabilities(1,800)(8,543)
 
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, 2022 and 2021 (in thousands):
Derivatives Designated as Cash Flow HedgesType of InstrumentAmount of Gain or (Loss) Recognized in Other Comprehensive Income (Loss) on DerivativesLocation of Gain or (Loss) Recognized in Income on DerivativesAmount of Gain or (Loss) Reclassified from AOCL into Income
December 31, 2022Foreign exchange contracts$137 Cost of products sold$(64)
December 31, 2022Interest rate swaps1,018 Interest expense1,170 
December 31, 2022Cross currency swaps(6,004)Foreign currency exchange (gain) loss(7,916)
December 31, 2021Foreign exchange contracts(37)Cost of products sold(13)
December 31, 2021Interest rate swap546 Interest expense(426)
December 31, 2021Cross currency swaps1,848 Foreign currency exchange (gain) loss2,386 

The following is the effect of derivative instruments on the Condensed Consolidated Statements of Operations for the nine months ended December 31, 2022 and 2021 (in thousands):

Derivatives Designated as Cash Flow HedgesType of InstrumentAmount of Gain or (Loss) Recognized in Other Comprehensive Income (Loss) on DerivativesLocation of Gain or (Loss) Recognized in Income on DerivativesAmount of Gain or (Loss) Reclassified from AOCL into Income
December 31, 2022Foreign exchange contracts$89 Cost of products sold$(153)
December 31, 2022Interest rate swaps7,423 Interest expense488 
December 31, 2022Cross currency swaps5,623 Foreign currency exchange (gain) loss3,464 
December 30, 2021Foreign exchange contracts(51)Cost of products sold(42)
December 30, 2021Interest rate swap(315)Interest expense(1,220)
December 31, 2021Cross currency swaps1,358 Foreign currency exchange (gain) loss4,743 
 
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 $ (64) $ (13) $ (153) $ (42)
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 1,170 (426) 488 (1,220)
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 $ (7,916) $ 2,386 $ 3,464 $ 4,743