Derivative Instruments

12 Months Ended

Mar. 31, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments

Derivative Instruments

The Company has the following derivative contracts recorded at fair value in the consolidated balance sheets:

	March 31, 2026
	Designated Derivative Contracts	Non-Designated Derivative Contracts	Total
Notional value	$337,183	$18,343	$355,526
Fair value recorded in other current assets	7,316	370	7,686

	March 31, 2025
	Designated Derivative Contracts	Non-Designated Derivative Contracts	Total
Notional value	$367,695	$14,018	$381,713
Fair value recorded in other current assets	2,163	75	2,238
Fair value recorded in other accrued expenses	(64)	—	(64)

The maximum amount of loss the Company would incur if derivative counterparties failed completely to perform

according to the terms of the contracts is limited to the derivative gross fair value of contracts in asset positions. The

non-performance risk of the Company and its counterparties did not have a material impact on the fair value of its

derivative contracts. As of March 31, 2026, unrealized gains on derivative contracts recorded in AOCL are expected

to be reclassified into net sales within the next twelve months. Refer to Note 11, “Stockholders’ Equity,” for further

information on the components of AOCL.

The Company settled derivative contracts with notional values as follows:

	Years Ended March 31,
	2026	2025	2024
Designated Derivative Contracts	$431,232	$258,040	$179,528
Non-Designated Derivative Contracts	160,512	18,565	—
Total	$591,744	$276,605	$179,528

The following table summarizes changes in unrealized (loss) gain on cash flow hedges included in in AOCL,

including the effect of Designated Derivative Contracts and the related income tax effects of unrealized gains or

losses that are recorded in OCI in the consolidated statements of comprehensive income:

	Years Ended March 31,
	2026	2025	2024
Beginning balance	$1,584	$—	$—
(Loss) gain recorded in OCI	(12,631)	4,387	4,090
Gain (loss) reclassified into net sales	17,849	(2,288)	(4,090)
Income tax expense in OCI	(1,238)	(515)	—
Ending balance	$5,564	$1,584	$—

Subsequent to March 31, 2026, through May 1, 2026, the Company entered into Designated Derivative Contracts

and Non-Designated Derivative Contracts with notional values totaling $71,135 and $14,722, respectively, which are

collectively expected to mature within the next twelve months.