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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
 6 Months Ended
Sep. 30, 2020
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 September 30, 2020 and March 31, 2020 were as follows (in thousands):
 Notional Amounts (a)Prepaid Expenses and Other Current AssetsAccrued Other
 September 30,
2020		March 31,
2020		September 30,
2020		March 31,
2020		September 30,
2020		March 31,
2020
Derivatives Designated as Hedging Instruments:
     Forward contracts$3,516 $1,722 $105 $— $— $49 
Derivatives Not Designated as Hedging Instruments:
     Forward contracts6,566 — 46 — — — 
$151 $— $— $49 
 
(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 designated as hedging instruments had on other comprehensive income (loss) (OCI) and results of operations for the three months ended September 30, 2020 and 2019 (in thousands):
Gain (Loss) Recognized in
OCI on Derivative
(a)		Gain (Loss) Reclassified from
Accumulated OCI into Income
(b)
September 30,
2020		September 30,
2019		LocationSeptember 30,
2020		September 30,
2019
Forward contracts$236 $(27)Research and development$(22)$(4)
Sales and marketing(115)28 
$236 $(27)$(137)$24 
(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.

The following table provides the effect foreign exchange forward contracts not designated as hedging instruments had on the Company’s results of operations for the three months ended September 30, 2020 and 2019 (in thousands):
Gain Recognized in Income
(a)
LocationSeptember 30,
2020		September 30,
2019
Forward contractsGeneral and administrative$46 $— 
$46 $— 
(a)The amount represents the change in fair value of derivative contracts due to changes in spot rates.

The following table provides the effect foreign exchange forward contracts designated as hedging instruments had on other comprehensive income (loss) (OCI) and results of operations for the six months ended September 30, 2020 and 2019 (in thousands):
Gain (Loss) Recognized in
OCI on Derivative
(a)		Gain (Loss) Reclassified from
Accumulated OCI into Income
(b)
September 30,
2020		September 30,
2019		LocationSeptember 30,
2020		September 30,
2019
Forward contracts$247 $(101)Research and development$(13)$(8)
Sales and marketing(81)78 
$247 $(101)$(94)$70 
(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.
The following table provides the effect foreign exchange forward contracts not designated as hedging instruments had on the Company’s results of operations for the six months ended September 30, 2020 and 2019 (in thousands):
Gain Recognized in Income
(a)
LocationSeptember 30,
2020		September 30,
2019
Forward contractsGeneral and administrative$46 $— 
$46 $— 
(a)The amount represents the change in fair value of derivative contracts due to changes in spot rates.