DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

12 Months Ended

Mar. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Notional Amounts and Fair Values of Derivative Instruments on Consolidated Balance Sheet

The notional amounts and fair values of derivative instruments in the consolidated balance sheets at March 31, 2016 and 2015 were as follows (in thousands):

	Notional Amounts (a)				Prepaid Expenses and Other Current Assets				Accrued Other
	March 31, 2016		March 31, 2015		March 31, 2016		March 31, 2015		March 31, 2016		March 31, 2015
Derivatives Designated as Hedging Instruments:
Forward contracts	$	17,490	$	20,203	$	191	$	15	$	158	$	1,664

(a) Notional amounts represent the gross contract/notional amount of the derivatives outstanding.

Summary of Effect of Foreign Exchange Forward Contracts on OCI and Results of Operations

The following table provides the effect foreign exchange forward contracts had on other comprehensive income (loss), (OCI) and results of operations at March 31, 2016 and 2015 (in thousands):

Derivatives in Cash Flow Hedging Relationships	Effective Portion											Ineffective Portion
	Gain (Loss) Recognized in OCI on Derivative (a)						Gain (Loss) Reclassified from Accumulated OCI into Income (b)					Gain (Loss) Recognized in Income (Amount Excluded from Effectiveness Testing) (c)
	March 31,			March 31,				March 31,		March 31,			March 31,			March 31,
	2016			2015			Location	2016		2015		Location	2016			2015
Forward contracts	$	(852	)	$	(3,050	)	Research and development	$	206	$	217	Research and development	$	113		$	193
							Sales and marketing	2,295		1,123		Sales and marketing	(24		)	25
	$	(852	)	$	(3,050	)		$	2,501	$	1,340		$	89		$	218

(a) The amount represents the change in fair value of derivative contracts due to changes in spot rates.

(b) The amount represents reclassification from other comprehensive income to earnings that occurs when the hedged item affects earnings.

(c) The amount represents the change in fair value of derivative contracts due to changes in the difference between the spot price and forward price that is excluded from the assessment of hedge effectiveness and therefore recognized in earnings. No gains or losses were reclassified as a result of discontinuance of cash flow hedges.