Derivative Instruments (Tables)

3 Months Ended

Jun. 30, 2018

Derivative Instruments, Gain (Loss) [Line Items]

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The following is information relative to the Company’s derivative instruments in the condensed consolidated balance sheet as of June 30, 2018 (in thousands):

		Fair Value of Asset (Liability)
Derivatives Designated as Hedging Instruments	Balance Sheet Location	June 30, 2018			March 31, 2018
Foreign exchange contracts	Prepaid expenses and other	$	165		$	213
Foreign exchange contracts	Accrued liabilities	(164		)	(75		)
Interest rate swap	Prepaid expenses and other	931			662
Interest rate swap	Other assets	3,962			3,299
Cross currency swap	Prepaid expenses and other	2,360			2,204
Cross currency swap	Accrued liabilities	(1,221		)	(2,028		)
Cross currency swap	Other non current liabilities	(27,153		)	(38,209		)
Derivatives Not Designated as Hedging Instruments	Balance Sheet Location	June 30, 2018			March 31, 2018
Foreign exchange contracts	Prepaid expenses and other	$	12		$	—
Foreign exchange contracts	Accrued Liabilities	(9		)	(31		)

The following is the effect of derivative instruments on the condensed consolidated statements of operations for the three months ended June 30, 2018 and 2017 (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)
June 30, 2018	Foreign exchange contracts	$	(94	)	Cost of products sold	$	(98	)
June 30, 2018	Interest rate swaps	875			Interest expense	118
June 30, 2018	Cross currency swaps	9,013			Foreign currency exchange loss (gain)	9,939
June 30, 2017	Foreign exchange contracts	(206		)	Cost of products sold	28
June 30, 2017	Interest rate swap	(1,271		)	Interest expense	(628		)
June 30, 2017	Cross currency swaps	(9,444		)	Foreign currency exchange loss (gain)	(12,285		)

The following is the effect of derivative instruments on the condensed consolidated statements of operations and retained earnings for the three months ended June 30, 2018 and 2017 (in thousands):

Derivatives Not Designated as Hedging Instruments	Location of Gain (Loss) Recognized in Income on Derivatives	Amount of Gain (Loss) Recognized in Income on Derivatives
June 30, 2018	Foreign currency exchange gain/loss	$	34
June 30, 2017	Foreign currency exchange gain/loss	1

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 sheet as of June 30, 2018 (in thousands):

		Fair Value of Asset (Liability)
Derivatives Designated as Hedging Instruments	Balance Sheet Location	June 30, 2018			March 31, 2018
Foreign exchange contracts	Prepaid expenses and other	$	165		$	213
Foreign exchange contracts	Accrued liabilities	(164		)	(75		)
Interest rate swap	Prepaid expenses and other	931			662
Interest rate swap	Other assets	3,962			3,299
Cross currency swap	Prepaid expenses and other	2,360			2,204
Cross currency swap	Accrued liabilities	(1,221		)	(2,028		)
Cross currency swap	Other non current liabilities	(27,153		)	(38,209		)
Derivatives Not Designated as Hedging Instruments	Balance Sheet Location	June 30, 2018			March 31, 2018
Foreign exchange contracts	Prepaid expenses and other	$	12		$	—
Foreign exchange contracts	Accrued Liabilities	(9		)	(31		)