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Derivative Financial Instruments (Tables)

6 Months Ended

Oct. 04, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Presented below in tabular form is information on the location and amounts of derivative fair values in the Consolidated Condensed Balance Sheets and derivative gains and losses in the Consolidated Condensed Statements of Income:

Fair Value of Derivative Instruments

October 4, 2020 and March 31, 2020


	Derivatives and Hedging Activities Designated as Cash Flow Hedges				Derivatives and Hedging Activities Not Designated as Hedging Instruments
	October 4, 2020		March 31, 2020		October 4, 2020		March 31, 2020
Prepaid and other current assets:

Foreign currency forward contracts	$	—	$	—	$	—	$	375
Total assets	$	—	$	—	$	—	$	375
Accrued expenses:
Lead forward contracts	$	3,229	$	2,433	$	—	$	—
Foreign currency forward contracts	114		374		99		—
Total liabilities	$	3,343	$	2,807	$	99	$	—

The Effect Of Derivative Instruments On Consolidated Condensed Statements Of Income

The Effect of Derivative Instruments on the Consolidated Condensed Statements of Income

For the quarter ended October 4, 2020


Derivatives Designated as Cash Flow Hedges	Pretax Gain (Loss) Recognized in AOCI on Derivatives (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	$	(2,219)	Cost of goods sold	$	(4,854)
Foreign currency forward contracts	(454)		Cost of goods sold	257
Total	$	(2,673)		$	(4,597)


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	$	260
Total		$	260

The Effect of Derivative Instruments on the Consolidated Condensed Statements of Income

For the quarter ended September 29, 2019


Derivatives Designated as Cash Flow Hedges	Pretax Gain (Loss) Recognized in AOCI on Derivatives (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	$	1,526	Cost of goods sold	$	(3,173)
Foreign currency forward contracts	62		Cost of goods sold	63
Total	$	1,588		$	(3,110)


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	$	(730)
Total		$	(730)

The Effect of Derivative Instruments on the Consolidated Condensed Statements of Income

For the six months ended October 4, 2020


Derivatives Designated as Cash Flow Hedges	Pretax Gain (Loss) Recognized in AOCI on Derivatives (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	$	(3,493)	Cost of goods sold	$	(8,653)
Foreign currency forward contracts	(193)		Cost of goods sold	(26)
Total	$	(3,686)		$	(8,679)


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	$	372
Total		$	372

The Effect of Derivative Instruments on the Consolidated Condensed Statements of Income

For the six months ended September 29, 2019


Derivatives Designated as Cash Flow Hedges	Pretax Gain (Loss) Recognized in AOCI on Derivatives (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	$	(968)	Cost of goods sold	$	(2,732)
Foreign currency forward contracts	165		Cost of goods sold	280
Total	$	(803)		$	(2,452)


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	$	(696)
Total		$	(696)

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

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+ Details