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Derivative Instruments and Hedging Activities (Tables) | 3 Months Ended
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Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments Outstanding | As of June 30, 2025, the Company had the following outstanding forward foreign exchange contracts (all outstanding contracts have maturities of less than 24 months from June 30, 2025):
June 30, 2025
Foreign Currency |  | Foreign Currency Amount |  |  |  | US Dollar Amount |  | Weighted Average Exchange Rate Per $1 USD
|  | (Amounts in millions) |  |
British Pound |  | £30.20 |  | in exchange for |  | US$41.00 |  | US$0.73
British Pound |  | £6.60 |  | in exchange for |  | US$8.90 |  | US$0.74
As of June 30, 2025, the Company had the following pay-fixed interest rate swaps, which the Company has elected not to apply hedge accounting (all related to the Company’s SOFR-based debt, see Note 4, Debt):
Effective Date |  | Notional Amount |  | Fixed Rate Paid |  | Maturity Date
|  | (in millions) |  |  |  |
June 6, 2025 |  | $ | 35.0 |  |  | 3.59% |  | June 6, 2028
June 6, 2025 |  | 15.0 |  |  | 3.58% |  | June 6, 2028
June 6, 2025 |  | 35.0 |  |  | 3.62% |  | June 6, 2028
June 6, 2025 |  | 65.0 |  |  | 3.59% |  | June 6, 2028
Total |  | $ | 150.0 |  |  |  |  |
Pre-Tax Effect of Derivatives Not Designated as Hedging Instruments | The following table presents the pre-tax effect of the Company’s derivatives on the accompanying statements of operations and comprehensive income (loss) for the three months ended June 30, 2025:
| Three Months Ended
| June 30,
| 2025
| (Amounts in millions)
Forward exchange contracts |
Gain (loss) recognized in other operating expense | $ | 0.2 |
Interest rate swaps |
Gain (loss) recognized in interest expense | (0.6) |
Schedule of Derivative Instruments by Balance Sheet Location | As of June 30, 2025, the Company had the following amounts recorded in the accompanying balance sheets related to the Company’s use of derivatives:
| June 30, 2025
| Other Current Assets |  | Other Accrued Liabilities (current)
| (Amounts in millions)
Forward exchange contracts | $ | 0.2 |  |  | $ | — |
Interest rate swaps | — |  |  | 0.6 |
Fair value of derivatives | $ | 0.2 |  |  | $ | 0.6 |

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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 815 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1B Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-8 Reference 5: 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 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-5 Reference 9: 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 + Details
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