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ACCUMULATED OTHER COMPREHENSIVE LOSS
12 Months Ended
Mar. 31, 2015
ACCUMULATED OTHER COMPREHENSIVE LOSS  
ACCUMULATED OTHER COMPREHENSIVE LOSS

9. ACCUMULATED OTHER COMPREHENSIVE LOSS

        The changes in accumulated other comprehensive loss by component, net of tax, during fiscal years ended March 31, 2015 and 2014 are as follows:

                                                                                                                                                                                    

 

 

Fiscal Year Ended March 31, 2015

 

 

 

Unrealized loss on
derivative
instruments and
other

 

Foreign currency
translation
adjustments

 

Total

 

 

 

(In thousands)

 

Beginning balance

 

$

(32,849

)

$

(93,307

)

$

(126,156

)

Other comprehensive loss before reclassifications          

 

 

(76,470

)

 

(9,318

)

 

(85,788

)

Net (gains) losses reclassified from accumulated other comprehensive loss

 

 

41,053

 

 

(9,614

)

 

31,439

 

​  

​  

​  

​  

​  

​  

Net current-period other comprehensive loss

 

 

(35,417

)

 

(18,932

)

 

(54,349

)

​  

​  

​  

​  

​  

​  

Ending balance

 

$

(68,266

)

$

(112,239

)

$

(180,505

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

                                                                                                                                                                                    

 

 

Fiscal Year Ended March 31, 2014

 

 

 

Unrealized loss on
derivative
instruments and
other

 

Foreign currency
translation
adjustments

 

Total

 

 

 

(In thousands)

 

Beginning balance

 

$

(18,857

)

$

(58,624

)

$

(77,481

)

Other comprehensive loss before reclassifications          

 

 

(15,851

)

 

(34,683

)

 

(50,534

)

Net losses reclassified from accumulated other comprehensive loss

 

 

1,859

 

 

 

 

1,859

 

​  

​  

​  

​  

​  

​  

Net current-period other comprehensive loss

 

 

(13,992

)

 

(34,683

)

 

(48,675

)

​  

​  

​  

​  

​  

​  

Ending balance

 

$

(32,849

)

$

(93,307

)

$

(126,156

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

        Net losses reclassified from accumulated other comprehensive loss during the fiscal year 2015 relating to derivative instruments and other includes $36.2 million attributable to the Company's cash flow hedge instruments which were recognized as a component of cost of sales in the condensed consolidated statement of operations.

        During fiscal year 2015, the Company recognized a loss of $11.0 million in connection with the disposition of a manufacturing facility in Western Europe. This loss includes the settlement of unrealized losses of $4.2 million on an insignificant defined benefit plan associated with the disposed facility offset by the release of cumulative foreign currency translation gains of $9.3 million, both of which have been reclassified from accumulated other comprehensive loss during the period. The loss on sale is included in other charges (income), net in the condensed consolidated statement of operations.