Derivative Instruments (Tables)

6 Months Ended

Sep. 30, 2024

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, net of tax on the Condensed Consolidated Statements of Operations for the three months ended September 30, 2024 and 2023 (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
September 30, 2024	Foreign exchange contracts	$	135	Cost of products sold	$	(4)
September 30, 2024	Interest rate swaps	(1,650)		Interest expense	2,513
September 30, 2024	Cross currency swaps	(1,871)		Foreign currency exchange (gain) loss	(2,433)
September 30, 2023	Foreign exchange contracts	(22)		Cost of products sold	(34)
September 30, 2023	Interest rate swap	2,798		Interest expense	2,615
September 30, 2023	Cross currency swaps	2,061		Foreign currency exchange (gain) loss	2,521

The following is the effect of derivative instruments, net of tax on the Condensed Consolidated Statements of Operations for the six months ended September 30, 2024 and 2023 (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
September 30, 2024	Foreign exchange contracts	$	97	Cost of products sold	$	(47)
September 30, 2024	Interest rate swaps	(228)		Interest expense	4,985
September 30, 2024	Cross currency swaps	(1,197)		Foreign currency exchange (gain) loss	(1,919)
September 30, 2023	Foreign exchange contracts	(180)		Cost of products sold	(53)
September 30, 2023	Interest rate swap	6,089		Interest expense	4,858
September 30, 2023	Cross currency swaps	1,220		Foreign currency exchange (gain) loss	2,048

Schedule of Derivative Instruments Effect on Condensed Consolidated Balance Sheets

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	September 30, 2024		March 31, 2024
Foreign exchange contracts	Prepaid expenses and other	$	66	$	56
Foreign exchange contracts	Accrued liabilities	(27)		(133)
Interest rate swap	Prepaid expenses and other	2,494		7,503
Interest rate swap	Other non current liabilities	(2,304)		(381)
Cross currency swap	Prepaid expenses and other	—		199
Cross currency swap	Accrued liabilities	(544)		—
Cross currency swap	Other non current liabilities	(3,453)		(2,541)