Derivative Instruments (Tables)

12 Months Ended

Mar. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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

The following is the effect of derivative instruments on the Consolidated Statements of Operation for the years ended March 31, 2023, 2022, and 2021 (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)
March 31,
2023	Foreign exchange contracts	$	57	Cost of products sold	$	(201)
2023	Interest rate swap	$	7,295	Interest expense	$	2,368
2023	Cross currency swap	$	5,033	Foreign currency exchange loss (gain)	$	2,332
2022	Foreign exchange contracts	$	(193)	Cost of products sold	$	(60)
2022	Interest rate swap	$	2,567	Interest expense	$	(2,020)
2022	Cross currency swap	$	3,548	Foreign currency exchange loss (gain)	$	7,925
2021	Foreign exchange contracts	$	(238)	Cost of products sold	$	83
2021	Interest rate swap	$	(521)	Interest expense	$	(1,463)
2021	Cross currency swap	$	(7,793)	Foreign currency exchange loss (gain)	$	(7,268)

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following is information relative to the Company’s derivative instruments in the Consolidated Balance Sheets as of March 31, 2023 and 2022 (in thousands):

		Fair Value of Asset (Liability) March 31,
Derivatives Designated as Hedging Instruments	Balance Sheet Location	2023		2022
Foreign exchange contracts	Other Assets	$	136	$	—
Foreign exchange contracts	Accrued Liabilities	(39)		(217)
Interest rate swap	Prepaid expenses and other	7,644		859
Interest rate swap	Other Assets	3,218		4,512
Interest rate swap	Accrued Liabilities	(387)		(1,371)
Interest rate swap	Other non current liabilities	—		(387)
Cross currency swap	Prepaid expenses and other	168		—
Cross currency swap	Accrued liabilities	—		(170)
Cross currency swap	Other non current liabilities	(2,270)		(8,543)