Derivative Instruments (Tables)

9 Months Ended

Dec. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

As of December 31, 2020, the Company had the following derivative contracts recorded at fair value in the condensed consolidated balance sheets:

	Designated Derivative Contracts		Non-Designated Derivative Contracts		Total
Notional value	$	15,015	$	11,374	$	26,389
Fair value recorded in other accrued expenses	(956)		(255)		(1,211)

Schedule of Location and Amount of Gains and Losses Related to Derivatives Designated as Hedging Instruments

The following table summarizes the effect of Designated Derivative Contracts and the related income tax effects for unrealized gains or losses recorded in the condensed consolidated statements of comprehensive income for changes in AOCL:

	Three Months Ended December 31,				Nine Months Ended December 31,
	2020		2019		2020		2019
(Loss) gain recorded in Other comprehensive income	$	(556)	$	(451)	$	(1,265)	$	1,322
Reclassifications from AOCL into net sales	189		(833)		310		(1,049)
Income tax benefit (expense) in Other comprehensive income	88		311		229		(66)
Total	$	(279)	$	(973)	$	(726)	$	207

Schedule of Location and Amount of Gains and Losses Related to Derivatives Not Designated as Hedging Instruments

The following table summarizes the effect of Non-Designated Derivative Contracts:

	Three Months Ended December 31,				Nine Months Ended December 31,
	2020		2019		2020		2019
(Loss) gain recorded in SG&A expenses	$	(564)	$	192	$	(522)	$	338