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Derivative Instruments (Tables)
 6 Months Ended
Sep. 30, 2018
Derivative Instruments, Gain (Loss) [Line Items]  
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance
The following is the effect of derivative instruments on the Condensed Consolidated Statements of Operations and Retained Earnings for the three months ended September 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)
September 30, 2018
Foreign exchange contracts
$
(103
)
Cost of products sold
$
(2
)
September 30, 2018
Interest rate swaps
492

Interest expense
130

September 30, 2018
Cross currency swaps
634

Foreign currency exchange loss (gain)
1,438

 
 
 
 
 
September 30, 2017
Foreign exchange contracts
(212
)
Cost of products sold
11

September 30, 2017
Interest rate swap
407

Interest expense
112

September 30, 2017
Cross currency swaps
(6,049
)
Foreign currency exchange loss (gain)
(5,891
)

Derivatives Not Designated as Hedging Instruments
Location of Gain (Loss) Recognized in Income on Derivatives
Amount of Gain (Loss) Recognized in Income on Derivatives
September 30, 2018
Foreign currency exchange gain/loss
$
(41
)
September 30, 2017
Foreign currency exchange gain/loss
11



The following is the effect of derivative instruments on the Condensed Consolidated Statements of Operations and Retained Earnings for the six months ended September 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)
September 30, 2018
Foreign exchange contracts
$
(197
)
Cost of products sold
$
(100
)
September 30, 2018
Interest rate swaps
1,367

Interest expense
248

September 30, 2018
Cross currency swaps
9,647

Foreign currency exchange loss (gain)
11,377

 
 
 
 
 
September 30, 2017
Foreign exchange contracts
(418
)
Cost of products sold
39

September 30, 2017
Interest rate swap
(864
)
Interest expense
(516
)
September 30, 2017
Cross currency swaps
(15,493
)
Foreign currency exchange loss (gain)
(18,176
)
Derivatives Not Designated as Hedging Instruments
Location of Gain (Loss) Recognized in Income on Derivatives
Amount of Gain (Loss) Recognized in Income on Derivatives
September 30, 2018
Foreign currency exchange gain/loss
$
(7
)
September 30, 2017
Foreign currency exchange gain/loss
12
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 September 30, 2018 (in thousands):

 
 
 
Fair Value of Asset (Liability)
Derivatives Designated as Hedging Instruments
Balance Sheet Location
 
September 30, 2018
 
March 31, 2018
Foreign exchange contracts
Prepaid expenses and other
 
$
26

 
$
213

Foreign exchange contracts
Accrued liabilities
 
(239
)
 
(75
)
Interest rate swap
Prepaid expenses and other
 
1,245

 
662

Interest rate swap
Other assets
 
4,124

 
3,299

Cross currency swap
Prepaid expenses and other
 
2,368

 
2,204

Cross currency swap
Accrued liabilities
 
(1,231
)
 
(2,028
)
Cross currency swap
Other non current liabilities
 
(26,306
)
 
(38,209
)
 
 
 
 
 
 
Derivatives Not Designated as Hedging Instruments
Balance Sheet Location
 
September 30, 2018
 
March 31, 2018
Foreign exchange contracts
Accrued Liabilities
 
(37
)
 
(31
)