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Derivative Instruments and Hedging Activities (Tables)
3 Months Ended
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 CurrencyForeign Currency AmountUS Dollar AmountWeighted Average Exchange Rate Per $1 USD
(Amounts in millions)
British Pound£30.20in exchange forUS$41.00US$0.73
British Pound£6.60in exchange forUS$8.90US$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 DateNotional AmountFixed Rate PaidMaturity Date
(in millions)
June 6, 2025$35.0 3.59%June 6, 2028
June 6, 202515.0 3.58%June 6, 2028
June 6, 202535.0 3.62%June 6, 2028
June 6, 202565.0 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 AssetsOther Accrued Liabilities (current)
(Amounts in millions)
Forward exchange contracts$0.2 $— 
Interest rate swaps— 0.6 
Fair value of derivatives$0.2 $0.6