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Derivative Instruments and Hedging Activities (Tables) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Derivatives, Fair Value [Line Items]        
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 Sheets (in thousands):
  Fair Value of Asset (Liability)
Derivatives Designated as Hedging InstrumentsBalance Sheet LocationSeptember 30, 2021March 31, 2021
Foreign exchange contractsPrepaid expenses and other$10 — 
Foreign exchange contractsAccrued liabilities(52)(83)
Interest rate swapOther assets95 — 
Interest rate swapAccrued liabilities(1,390)(1,185)
Interest rate swapOther non current liabilities(849)(872)
Cross currency swapAccrued liabilities(1,059)(13,895)
Cross currency swapOther non current liabilities(13,317)— 
 
Derivative Instruments, Gain (Loss)     The following is the effect of derivative instruments on the Condensed Consolidated Statements of Operations for the three months ended September 30, 2021 and 2020 (in thousands):
Derivatives Designated as Cash Flow HedgesType of InstrumentAmount of Gain or (Loss) Recognized in Other Comprehensive Income (Loss) on DerivativesLocation of Gain or (Loss) Recognized in Income on DerivativesAmount of Gain or (Loss) Reclassified from AOCL into Income
September 30, 2021Foreign exchange contracts$23 Cost of products sold$(33)
September 30, 2021Interest rate swaps(758)Interest expense(459)
September 30, 2021Cross currency swaps590 Foreign currency exchange (gain) loss3,342 
September 30, 2020Foreign exchange contracts(36)Cost of products sold70 
September 30, 2020Interest rate swap(194)Interest expense(425)
September 30, 2020Cross currency swaps(5,667)Foreign currency exchange (gain) loss(5,623)
Derivatives Not Designated as Hedging InstrumentsLocation of Gain (Loss) Recognized in Income on DerivativesAmount of Gain (Loss) Recognized in Income on Derivatives
September 30, 2021Foreign currency exchange (gain) loss$— 
September 30, 2020Foreign currency exchange (gain) loss17 


The following is derivative instruments on the Condensed Consolidated Balance Sheets for the six months ended September 30 2021 and 2020 (in thousands):

Derivatives Designated as Cash Flow HedgesType of InstrumentAmount of Gain or (Loss) Recognized in Other Comprehensive Income (Loss) on DerivativesLocation of Gain or (Loss) Recognized in Income on DerivativesAmount of Gain or (Loss) Reclassified from AOCL into Income
September 30, 2021Foreign exchange contracts$(14)Cost of products sold$(29)
September 30, 2021Interest rate swaps(861)Interest expense(794)
September 30, 2021Cross currency swaps(490)Foreign currency exchange (gain) loss2,357 
September 30, 2020Foreign exchange contracts(161)Cost of products sold78 
September 30, 2020Interest rate swap(367)Interest expense(687)
September 30, 2020Cross currency swaps(7,940)Foreign currency exchange (gain) loss(7,928)
 
Designated as Hedging Instrument | Foreign exchange contracts | Cost of products sold        
Derivatives, Fair Value [Line Items]        
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net $ (33) $ 70 $ (29) $ 78
Designated as Hedging Instrument | Interest Rate Swap [Member] | Interest Expense [Member]        
Derivatives, Fair Value [Line Items]        
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net (459) (425) (794) (687)
Designated as Hedging Instrument | Cross Currency Interest Rate Contract [Member] | Foreign currency exchange (gain) loss        
Derivatives, Fair Value [Line Items]        
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net 3,342 (5,623) 2,357 (7,928)
Derivatives Not Designated as Hedging Instruments | Foreign exchange contracts | Foreign currency exchange (gain) loss        
Derivatives, Fair Value [Line Items]        
Derivative, Gain (Loss) on Derivative, Net $ 0 $ 17 $ 0 $ (1)