Derivative Instruments (Tables)

12 Months Ended

Mar. 31, 2022

Derivative Instruments [Abstract]

Derivative Financial Instruments Recorded in Consolidated Balance Sheets

The fair value of the Company’s derivative financial instruments recorded in the consolidated balance sheets were as follows:

_	Balance Sheet Location	March 31, 2022		March 31, 2021
Derivatives designated as hedges:
Commodity derivatives	Other current assets	$	0.5	$	0.5
Foreign exchange contracts	Other current assets		0.3		0.1
Derivatives not designated as hedges:
Foreign exchange contracts	Other current liabilities	$	0.3	$	-

Derivative Financial Instruments Designated for Hedge Accounting

The amounts associated with derivative financial instruments that the Company designated for hedge accounting during the years ended March 31 were as follows:

	Gain (loss) recognized in other comprehensive income								Statement of Operations	Gain (loss) reclassified from AOCI
	2022		2021			2020			Location	2022		2021			2020
Commodity derivatives	$	1.1	$	2.2		$	(2.6	)	Cost of sales	$	1.2	$	-		$	(0.8	)
Foreign exchange contracts		-		-			(0.1	)	Net sales		-		-			(0.1	)
Foreign exchange contracts		0.6		(0.1	)		0.2		Cost of sales		0.4		(0.1	)		0.4
Total gains (losses)	$	1.7	$	2.1		$	(2.5	)		$	1.6	$	(0.1	)	$	(0.5	)

Derivative Financial Instruments Not Designated for Hedge Accounting

The amounts associated with derivative financial instruments that the Company did not designate for hedge accounting were as follows:

_	Statement of Operations	Years ended March 31,
_	Location	2022			2021		2020
Foreign exchange contracts	Net sales	$	(0.6	)	$	-	$	(0.1	)
Foreign exchange contracts	Other income (expense) - net		(0.8	)		0.6		(0.1	)
Total gains (losses)		$	(1.4	)	$	0.6	$	(0.2	)