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Derivative Instruments and Hedging Activities (Tables) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2022
Jun. 30, 2021
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 LocationJune 30, 2022March 31, 2022
Foreign exchange contractsPrepaid expenses and other$57 — 
Foreign exchange contractsAccrued liabilities(331)(217)
Interest rate swapPrepaid expenses and other3,927 859 
Interest rate swapOther assets4,138 4,512 
Interest rate swapAccrued liabilities(873)(1,371)
Interest rate swapOther non current liabilities(230)(387)
Cross currency swapPrepaid expenses and other976 — 
Cross currency swapAccrued liabilities— (170)
Cross currency swapOther non current liabilities(2,004)(8,543)
 
Derivative Instruments, Gain (Loss)
The following is the effect of derivative instruments on the Condensed Consolidated Statements of Operations for the three months ended June 30, 2022 and 2021 (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
June 30, 2022Foreign exchange contracts$(104)Cost of products sold$(26)
June 30, 2022Interest rate swaps1,699 Interest expense(814)
June 30, 2022Cross currency swaps5,772 Foreign currency exchange (gain) loss5,518 
June 30, 2021Foreign exchange contracts(37)Cost of products sold
June 30, 2021Interest rate swap(103)Interest expense(335)
June 30, 2021Cross currency swaps(1,080)Foreign currency exchange (gain) loss(985)
 
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 $ (26) $ 4
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 (814) (335)
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 $ 5,518 $ (985)