XML 150 R30.htm IDEA: XBRL DOCUMENT v3.23.3
Derivative Instruments and Hedging Activities (Tables) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 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 LocationSeptember 30, 2023March 31, 2023
Foreign exchange contractsPrepaid expenses and other$63 $136 
Foreign exchange contractsAccrued liabilities(167)(39)
Interest rate swapPrepaid expenses and other9,461 7,644 
Interest rate swapOther assets2,828 3,218 
Interest rate swapAccrued liabilities(101)(387)
Cross currency swapPrepaid expenses and other684 168 
Cross currency swapOther non current liabilities(1,238)(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 September 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
September 30, 2023Foreign exchange contracts$(22)Cost of products sold$(34)
September 30, 2023Interest rate swaps2,798 Interest expense2,615 
September 30, 2023Cross currency swaps2,061 Foreign currency exchange (gain) loss2,521 
September 30, 2022Foreign exchange contracts56 Cost of products sold(63)
September 30, 2022Interest rate swap4,706 Interest expense132 
September 30, 2022Cross currency swaps5,855 Foreign currency exchange (gain) loss5,862 
The following is the effect of derivative instruments on the Condensed Consolidated Statements of Operations for the six months ended September 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
September 30, 2023Foreign exchange contracts$(180)Cost of products sold$(53)
September 30, 2023Interest rate swaps6,089 Interest expense4,858 
September 30, 2023Cross currency swaps1,220 Foreign currency exchange (gain) loss2,048 
September 30, 2022Foreign exchange contracts(48)Cost of products sold(89)
September 30, 2022Interest rate swap6,405 Interest expense(682)
September 30, 2022Cross currency swaps11,627 Foreign currency exchange (gain) loss11,380 
  
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 $ (34) $ (63) $ (53) $ (89)
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 2,615 132 4,858 (682)
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 $ 2,521 $ 5,862 $ 2,048 $ 11,380