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Derivative Instruments and Hedging Activities (Tables) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2023
Jun. 30, 2022
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, 2023March 31, 2023
Foreign exchange contractsPrepaid expenses and other$— $136 
Foreign exchange contractsAccrued liabilities(165)(39)
Interest rate swapPrepaid expenses and other9,634 7,644 
Interest rate swapOther assets3,375 3,218 
Interest rate swapAccrued liabilities— (387)
Interest rate swapOther non current liabilities(1,102)— 
Cross currency swapPrepaid expenses and other168 
Cross currency swapOther non current liabilities(3,298)(2,270)
 
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, 2023 and 2022 (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, 2023Foreign exchange contracts$(158)Cost of products sold$(19)
June 30, 2023Interest rate swaps3,291 Interest expense2,243 
June 30, 2023Cross currency swaps(841)Foreign currency exchange (gain) loss(473)
June 30, 2022Foreign exchange contracts(104)Cost of products sold(26)
June 30, 2022Interest rate swap1,699 Interest expense(814)
June 30, 2022Cross currency swaps5,772 Foreign currency exchange (gain) loss5,518 
 
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 $ (19) $ (26)
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 2,243 (814)
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 $ (473) $ 5,518