Derivative Instruments (Tables)

9 Months Ended

Dec. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

As of December 31, 2022, the Company has the following derivative contracts recorded at fair value in the condensed consolidated balance sheets:

	Designated Derivative Contracts		Non-Designated Derivative Contracts		Total
Notional value	$	33,525	$	—	$	33,525
Fair value recorded in other current assets	185		—		185
Fair value recorded in other accrued expenses	(498)		—		(498)

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 of 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,
	2022		2021		2022		2021
(Loss) Gain recorded in Other comprehensive income	$	(1,270)	$	105	$	1,535	$	4,154
Reclassifications from Accumulated other comprehensive loss into net sales	(1,479)		(2,107)		(1,848)		(2,869)
Income tax benefit (expense) in Other comprehensive income	666		485		76		(311)
Total	$	(2,083)	$	(1,517)	$	(237)	$	974

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 recorded in the condensed consolidated statements of comprehensive income:

	Three Months Ended December 31,				Nine Months Ended December 31,
	2022		2021		2022		2021
(Loss) Gain recorded in SG&A expenses	$	(398)	$	(157)	$	1,518	$	591