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Derivative Instruments (Tables) | 3 Months Ended
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Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments Effect on Condensed Consolidated Statements of Operations | The following is the effect of derivative instruments on the Condensed Consolidated Statements of Operations for the three months ended June 30, 2024 and 2023 (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, 2024 | Foreign exchange contracts | $ | (38) |  | Cost of products sold | $ | (43) |
June 30, 2024 | Interest rate swaps | 1,422 |  | Interest expense | 2,472 |
June 30, 2024 | Cross currency swaps | 674 |  | Foreign currency exchange (gain) loss | 514 |
June 30, 2023 | Foreign exchange contracts | (158) |  | Cost of products sold | (19) |
June 30, 2023 | Interest rate swap | 3,291 |  | Interest expense | 2,243 |
June 30, 2023 | Cross currency swaps | (841) |  | Foreign currency exchange (gain) loss | (473) |
Schedule of Derivative Instruments | 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, 2024 |  | March 31, 2024
Foreign exchange contracts | Prepaid expenses and other |  | $ | 44 |  |  | $ | 56 |
Foreign exchange contracts | Accrued liabilities |  | (186) |  |  | (133) |
Interest rate swap | Prepaid expenses and other |  | 5,801 |  |  | 7,503 |
Interest rate swap | Other non current liabilities |  | (82) |  |  | (381) |
Cross currency swap | Prepaid expenses and other |  | 304 |  |  | 199 |
Cross currency swap | Other non current liabilities |  | (1,763) |  |  | (2,541) |

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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 -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A + 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 -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
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