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DERIVATIVE INSTRUMENTS (Tables)

9 Months Ended

Dec. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

As of December 31, 2024, the Company has the following derivative contracts recorded at fair value in the condensed consolidated balance sheets:



Notional value	$	66,620
Fair value recorded in other current assets	3,380

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 accumulated other comprehensive loss (AOCL):


	Three Months Ended December 31,				Nine Months Ended December 31,
	2024		2023		2024		2023
Gain (loss) recorded in OCI	$	6,575	$	(1,318)	$	2,219	$	3,798
Reclassifications from AOCL into net sales	1,389		(3,503)		1,161		(3,652)
Income tax (expense) benefit in OCI	(1,943)		1,176		(825)		(36)
Total	$	6,021	$	(3,645)	$	2,555	$	110

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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