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Derivative Financial Instruments (Tables)
12 Months Ended
Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value Of Derivative Instruments In The Consolidated Balance Sheets
Presented below in tabular form is information on the location and amounts of derivative fair values in the Consolidated Balance Sheets and derivative gains and losses in the Consolidated Statements of Income:

Fair Value of Derivative Instruments
March 31, 2020 and 2019
 
 
Derivatives and Hedging Activities Designated as Cash Flow Hedges
 
Derivatives and Hedging Activities Not Designated as Hedging Instruments
 
 
March 31, 2020
 
March 31, 2019
 
March 31, 2020
 
March 31, 2019
Prepaid and other current assets:
 
 
 
 
 
 
 
 
Foreign currency forward contracts
 

 

 
375

 

Total assets
 
$

 
$

 
$
375

 
$

Accrued expenses:
 
 
 
 
 
 
 
 
Lead forward contracts
 
$
2,433

 
$
902

 
$

 
$

Foreign currency forward contracts
 
374

 
8

 

 
241

Total liabilities
 
$
2,807

 
$
910

 
$

 
$
241



The Effect of Derivative Instruments on the Consolidated Statements of Income
The Effect of Derivative Instruments on the Consolidated Statements of Income
For the fiscal year ended March 31, 2020
 
Derivatives Designated as Cash Flow Hedges
 
Pretax Gain (Loss) Recognized in AOCI on Derivative (Effective Portion)
 
Location of Gain
(Loss) Reclassified
from
AOCI into Income
(Effective Portion)
 
Pretax Gain (Loss) Reclassified from AOCI into Income (Effective Portion)
Lead forward contracts
 
$
(8,683
)
 
Cost of goods sold
 
$
(1,690
)
Foreign currency forward contracts
 
(54
)
 
Cost of goods sold
 
539

Total
 
$
(8,737
)
 
 
 
$
(1,151
)

The Effect of Derivative Instruments on the Consolidated Statements of Income
For the fiscal year ended March 31, 2018
 
Derivatives Designated as Cash Flow Hedges
 
Pretax Gain (Loss) Recognized in AOCI on Derivative (Effective Portion)
 
Location of Gain
(Loss) Reclassified
from
AOCI into Income
(Effective Portion)
 
Pretax Gain (Loss) Reclassified from AOCI into Income (Effective Portion)
Lead forward contracts
 
$
(805
)
 
Cost of goods sold
 
$
5,860

Foreign currency forward contracts
 
(3,524
)
 
Cost of goods sold
 
(2,718
)
Total
 
$
(4,329
)
 
 
 
$
3,142

The Effect of Derivative Instruments on the Consolidated Statements of Income
For the fiscal year ended March 31, 2019
 
Derivatives Designated as Cash Flow Hedges
 
Pretax Gain (Loss) Recognized in AOCI on Derivative (Effective Portion)
 
Location of Gain
(Loss) Reclassified
from
AOCI into Income
(Effective Portion)
 
Pretax Gain (Loss) Reclassified from AOCI into Income (Effective Portion)
Lead forward contracts
 
$
(12,531
)
 
Cost of goods sold
 
$
(15,666
)
Foreign currency forward contracts
 
1,551

 
Cost of goods sold
 
385

Total
 
$
(10,980
)
 
 
 
$
(15,281
)
Effect Of Derivative Instruments
Derivatives Not Designated as Hedging Instruments
Location of Gain (Loss)
Recognized in Income
on Derivatives
 
Pretax Gain (Loss)
Foreign currency forward contracts
Other (income) expense, net
 
$
180

Total
 
 
$
180


Derivatives Not Designated as Hedging Instruments
Location of Gain (Loss)
Recognized in Income
on Derivatives
 
Pretax Gain (Loss)
Foreign currency forward contracts
Other (income) expense, net
 
$
(1,856
)
Total
 
 
$
(1,856
)
 
 
 
 

Derivatives Not Designated as Hedging Instruments
Location of Gain (Loss)
Recognized in Income
on Derivatives
 
Pretax Gain (Loss)
Foreign currency forward contracts
Other (income) expense, net
 
$
(178
)
Total
 
 
$
(178
)