Note 10 - Comprehensive Income (Loss)

9 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

10.

Comprehensive Income (Loss):

Comprehensive income (loss) represents changes in equity during a period except those resulting from investments by and distributions to shareholders. The specific components include net income (loss), pension liability and other post-retirement benefit adjustments, deferred gains and losses resulting from foreign currency translation adjustments and unrealized gains and losses on qualified foreign currency cash flow hedges.

Other comprehensive income (loss) includes the following components: 

	Three Months Ended
	December 31,
	2017						2018
	Pre-tax			Net of Tax			Pre-tax			Net of Tax
Foreign currency translation adjustment	$	7,749		$	7,749		$	(18,639	)	$	(18,639	)
Foreign currency cash flow hedges adjustment		(690	)		(518	)		(52	)		(36	)
Pension liability adjustment		321			243			(300	)		(246	)
Other comprehensive income (loss)	$	7,380		$	7,474		$	(18,991	)	$	(18,921	)

	Nine Months Ended
	December 31,
	2017						2018
	Pre-tax			Net of Tax			Pre-tax			Net of Tax
Foreign currency translation adjustment	$	41,196		$	41,196		$	(59,070	)	$	(59,070	)
Foreign currency cash flow hedges adjustment		(1,215	)		(939	)		196			153
Pension liability adjustment		171			130			3,279			2,600
Other comprehensive income (loss)	$	40,152		$	40,387		$	(55,595	)	$	(56,317	)

Amounts reclassified out of accumulated other comprehensive income (loss) into net income (loss) include those that pertain to the Company’s pension and postretirement benefit plans and realized gains and losses on derivative instruments designated as cash flow hedges. Please see Note

12

 for additional information related to the amortization of prior service cost and the recognized actuarial losses, which amounts are reclassified from accumulated other comprehensive income (loss) into net income (loss) and are included in selling, general and administrative expenses in the statement of operations during the

three

and

nine

month periods ended

December 31, 2017

and

2018.

Please see Note

13

 for additional information related to realized gains and losses on derivative instruments reclassified from accumulated other comprehensive income (loss) into net income (loss) during the

three

and

nine

month periods ended

December 31, 2018.