XML 39 R30.htm IDEA: XBRL DOCUMENT v3.22.2.2
Derivative Instruments and Hedging Activities (Tables) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 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 LocationSeptember 30, 2022March 31, 2022
Foreign exchange contractsPrepaid expenses and other$239 $— 
Foreign exchange contractsAccrued liabilities(355)(217)
Interest rate swapPrepaid expenses and other6,990 859 
Interest rate swapOther assets6,907 4,512 
Interest rate swapAccrued liabilities(736)(1,371)
Interest rate swapOther non current liabilities(101)(387)
Cross currency swapPrepaid expenses and other2,426 — 
Cross currency swapOther assets4,360 — 
Cross currency swapAccrued liabilities— (170)
Cross currency swapOther non current liabilities— (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 September 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
September 30, 2022Foreign exchange contracts$56 Cost of products sold$(63)
September 30, 2022Interest rate swaps4,706 Interest expense132 
September 30, 2022Cross currency swaps5,855 Foreign currency exchange (gain) loss5,862 
September 30, 2021Foreign exchange contracts23 Cost of products sold(33)
September 30, 2021Interest rate swap(758)Interest expense(459)
September 30, 2021Cross currency swaps590 Foreign currency exchange (gain) loss3,342 

The following is the effect of derivative instruments on the Condensed Consolidated Statements of Operations for the six months ended September 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
September 30, 2022Foreign exchange contracts$(48)Cost of products sold$(89)
September 30, 2022Interest rate swaps6,405 Interest expense(682)
September 30, 2022Cross currency swaps11,627 Foreign currency exchange (gain) loss11,380 
September 30, 2021Foreign exchange contracts(14)Cost of products sold(29)
September 30, 2021Interest rate swap(861)Interest expense(794)
September 30, 2021Cross currency swaps(490)Foreign currency exchange (gain) loss2,357 
  
Designated as Hedging Instrument | Foreign exchange contracts        
Derivatives, Fair Value [Line Items]        
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net $ (63) $ (33) $ (89) $ (29)
Designated as Hedging Instrument | Interest Rate Swap [Member]        
Derivatives, Fair Value [Line Items]        
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net 132 (459) (682) (794)
Designated as Hedging Instrument | Cross Currency Interest Rate Contract [Member]        
Derivatives, Fair Value [Line Items]        
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net $ 5,862 $ 3,342 $ 11,380 $ 2,357