Derivative Instruments (Tables)

9 Months Ended

Dec. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments Effect on Condensed Consolidated Statements of Operations

The following is the effect of derivative instruments on the Condensed Consolidated Statements of Operations for the three months ended December 31, 2023 and 2022 (in thousands):

Derivatives Designated as Cash Flow Hedges	Type of Instrument	Amount of Gain or (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives		Location of Gain or (Loss) Recognized in Income on Derivatives	Amount of Gain or (Loss) Reclassified from AOCL into Income
December 31, 2023	Foreign exchange contracts	$	(31)	Cost of products sold	$	(22)
December 31, 2023	Interest rate swaps	(1,958)		Interest expense	2,566
December 31, 2023	Cross currency swaps	(2,921)		Foreign currency exchange (gain) loss	(3,248)
December 31, 2022	Foreign exchange contracts	137		Cost of products sold	(64)
December 31, 2022	Interest rate swap	1,018		Interest expense	1,170
December 31, 2022	Cross currency swaps	(6,004)		Foreign currency exchange (gain) loss	(7,916)

The following is the effect of derivative instruments on the Condensed Consolidated Statements of Operations for the nine months ended December 31, 2023 and 2022 (in thousands):

Derivatives Designated as Cash Flow Hedges	Type of Instrument	Amount of Gain or (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives		Location of Gain or (Loss) Recognized in Income on Derivatives	Amount of Gain or (Loss) Reclassified from AOCL into Income
December 31, 2023	Foreign exchange contracts	$	(211)	Cost of products sold	$	(75)
December 31, 2023	Interest rate swaps	4,131		Interest expense	7,424
December 31, 2023	Cross currency swaps	(1,701)		Foreign currency exchange (gain) loss	(1,200)
December 31, 2022	Foreign exchange contracts	89		Cost of products sold	(153)
December 31, 2022	Interest rate swap	7,423		Interest expense	488
December 31, 2022	Cross currency swaps	5,623		Foreign currency exchange (gain) loss	3,464

Schedule of Derivative Instruments

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 Instruments	Balance Sheet Location	December 31, 2023		March 31, 2023
Foreign exchange contracts	Prepaid expenses and other	$	22	$	—
Foreign exchange contracts	Other Asset	—		136
Foreign exchange contracts	Accrued liabilities	(122)		(39)
Interest rate swap	Prepaid expenses and other	7,501		7,644
Interest rate swap	Other assets	433		3,218
Interest rate swap	Accrued liabilities	—		(387)
Interest rate swap	Other non current liabilities	(1,736)		—
Cross currency swap	Prepaid expenses and other	—		168
Cross currency swap	Accrued liabilities	(284)		—
Cross currency swap	Other non current liabilities	(4,222)		(2,270)