Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Dec. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments Outstanding

As of December 31, 2024, the Company had the following outstanding forward foreign exchange contracts (all outstanding contracts have maturities of less than 16 months from December 31, 2024):

December 31, 2024
Foreign Currency	Foreign Currency Amount			US Dollar Amount		Weighted Average Exchange Rate Per $1 USD
	(Amounts in millions)			(Amounts in millions)
British Pound Sterling	0.2	GBP	in exchange for	$	0.3	0.77	GBP
Czech Koruna	180.0	CZK	in exchange for	$	7.7	23.29	CZK
Euro	13.9	EUR	in exchange for	$	14.6	0.94	EUR
Canadian Dollar	8.5	CAD	in exchange for	$	6.2	1.37	CAD
Mexican Peso	20.7	MXN	in exchange for	$	1.0	20.43	MXN
Hungarian Forint	5,612.8	HUF	in exchange for	$	15.0	373.74	HUF
New Zealand Dollar	2.7	NZD	in exchange for	$	1.7	1.67	NZD

Designated Cash Flow Hedges at March 31, 2024:

Effective Date	Notional Amount	Fixed Rate Paid	Maturity Date
	(in millions)
May 23, 2018	$300.0	2.915%	March 24, 2025
May 23, 2018	$700.0	2.915%	March 24, 2025
June 25, 2018	$200.0	2.723%	March 23, 2025
July 31, 2018	$300.0	2.885%	March 23, 2025
December 24, 2018	$50.0	2.744%	March 23, 2025
December 24, 2018	$100.0	2.808%	March 23, 2025
December 24, 2018	$50.0	2.728%	March 23, 2025
Total	$1,700.0

Designated Cash Flow Hedges at December 31, 2024:

Effective Date	Notional Amount	Fixed Rate Paid	Maturity Date
	(in millions)
August 15, 2024	$65.0	4.045%	September 15, 2026
August 15, 2024	$77.5	3.803%	August 15, 2026
August 15, 2024	$77.5	3.810%	September 15, 2026
December 15, 2024	$125.0	3.970%	December 15, 2026
Total	$345.0

Schedule of Derivative Instruments, Statements of Financial Performance And Comprehensive Income (Loss), Location And Effect

The following table presents the pre-tax effect of the Company’s derivatives on the accompanying unaudited condensed consolidated statements of operations and comprehensive income (loss) for the three and nine months ended December 31, 2024 and 2023:

	Three Months Ended				Nine Months Ended
	December 31,				December 31,
	2024		2023		2024		2023
	(Amounts in millions)
Derivatives designated as cash flow hedges:
Forward exchange contracts
Gain (loss) recognized in accumulated other comprehensive income (loss)	$	2.4	$	(4.3)	$	3.5	$	(7.3)
Loss reclassified from accumulated other comprehensive income (loss) into direct operating expense	$	(0.1)	$	(2.6)	$	(1.2)	$	(2.5)
Interest rate swaps
Gain (loss) recognized in accumulated other comprehensive income (loss)	$	1.6	$	(11.7)	$	(1.1)	$	24.7
Gain reclassified from accumulated other comprehensive income (loss) into interest expense	$	2.0	$	11.4	$	24.3	$	31.5
Derivatives not designated as cash flow hedges:
Interest rate swaps
Gain (loss) reclassified from accumulated other comprehensive income (loss) into interest expense	$	1.4	$	(1.8)	$	(1.7)	$	(5.5)
Total direct operating expense on consolidated statements of operations	$	457.1	$	433.6	$	1,440.9	$	1,306.0
Total interest expense on consolidated statements of operations	$	58.5	$	55.5	$	180.1	$	157.1

Schedule of Amounts Recorded in Accompanying Unaudited Condensed Consolidated Balance Sheets Related to Use of Derivatives

As of December 31, 2024 and March 31, 2024, the Company had the following amounts recorded in the accompanying unaudited condensed consolidated balance sheets related to the Company’s use of derivatives:

	December 31, 2024
	Other Current Assets		Other Non-Current Assets		Other Accrued Liabilities (current)
	(Amounts in millions)
Derivatives designated as cash flow hedges:
Forward exchange contracts	$	1.9	$	—	$	—
Interest rate swaps	—		0.7		—
Fair value of derivatives	$	1.9	$	0.7	$	—

	March 31, 2024
	Other Current Assets		Other Accrued Liabilities (current)
	(Amounts in millions)
Derivatives designated as cash flow hedges:
Forward exchange contracts	$	—	$	2.8
Interest rate swaps	35.6		—
Fair value of derivatives	$	35.6	$	2.8