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Derivative Instruments (Tables)
12 Months Ended
Mar. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance
The following is the effect of derivative instruments on the consolidated statement of operations for the years ended March 31, 2015, 2014, and 2013 (in thousands):

Derivatives Designated as Cash Flow  
Hedges
 
Type of Instrument
Amount of Gain or (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives (Effective Portion)
 
Location of Gain or
(Loss) Recognized
in Income on
Derivatives
 
Amount of Gain or (Loss) Reclassified from AOCL into Income (Effective Portion)
March 31,
 
 
 
 
 
 
 
2015
 
Foreign exchange contracts
$
81

 
Cost of products sold
 
$
(171
)
2015
 
Interest rate swap
$
(586
)
 
Interest expense
 
$

 
 
 
 
 
 
 
 
2014
 
Foreign exchange contracts
$
70

 
Cost of products sold
 
$
(184
)
2013
 
Foreign exchange contracts
$
(256
)
 
Cost of products sold
 
$
132

 
 
Derivatives Not Designated as
 Hedging Instruments (Foreign
Exchange Contracts)
 
 
Location of (Gain) or Loss Recognized in
Income on Derivatives
 
Amount of
(Gain) or Loss
Recognized in
 Income on
 Derivatives
March 31,
 
 
 
 
2015
 
Foreign currency exchange (gain) loss
 
$
122

2014
 
Foreign currency exchange (gain) loss
 
55

2013
 
Foreign currency exchange (gain) loss
 
(478
)
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following is information relative to the Company’s derivative instruments in the consolidated balance sheet as of March 31, 2015 and 2014 (in thousands):

 
 
 
 
Fair Value of Asset (Liability)
March 31,
Derivatives Designated as
Hedging Instruments
 
Balance Sheet Location
 
2015
 
2014
Foreign exchange contracts
 
Prepaid expenses and other
 
$
58

 
$

Foreign exchange contracts
 
Accrued Liabilities
 
(34
)
 
(141
)
Interest rate swap
 
Other Assets
 
71

 

Interest rate swap
 
Accrued Liabilities
 
(1,026
)
 


 
 
 
 
Fair Value of Asset (Liability)
 
 
 
 
March 31,
Derivatives Not Designated as
Hedging Instruments
 
Balance Sheet Location
 
2015
 
2014
Foreign exchange contracts
 
Prepaid expenses and other
 
$
61

 
$
163

Foreign exchange contracts
 
Accrued Liabilities
 
(3
)
 
(64
)