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Derivative Instruments (Tables)
6 Months Ended
Sep. 30, 2013
Derivative Instruments and Hedges, Assets [Abstract]  
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance
The following is the effect of derivative instruments on the condensed consolidated statement of operations and retained earnings for the three months ended September 30, 2013 and 2012 (in thousands):

September 30,
 
Derivatives Designated as Cash Flow  Hedges
 
Amount of Gain or (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives (Effective Portion)
 
Location of Gain or (Loss) Recognized in Income on Derivatives
 
Amount of Gain or (Loss) Reclassified from AOCL into Income (Effective Portion)
2013
 
Foreign exchange contracts
 
$
25

 
Cost of products sold
 
$
(80
)
2012
 
Foreign exchange contracts
 
(68
)
 
Cost of products sold
 
24



September 30,
Derivatives Not Designated as Hedging Instruments
Location of Gain Recognized in Income on Derivatives
Amount of Gain Recognized in Income on Derivatives
2013
Foreign exchange contracts
Foreign currency exchange gain
$
(60
)
2012
Foreign exchange contracts
Foreign currency exchange gain
(77
)

The following is the effect of derivative instruments on the condensed consolidated statement of operations and retained earnings for the six months ended September 30, 2013 and 2012 (in thousands):

September 30,
 
Derivatives Designated as Cash Flow  Hedges
 
Amount of Gain or (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives (Effective Portion)
 
Location of Gain or (Loss) Recognized in Income on Derivatives
 
Amount of Gain or (Loss) Reclassified from AOCL into Income (Effective Portion)
2013
 
Foreign exchange contracts
 
$
116

 
Cost of products sold
 
$
(75
)
2012
 
Foreign exchange contracts
 
(73
)
 
Cost of products sold
 
116


September 30,
Derivatives Not Designated as Hedging Instruments
Location of Gain Recognized in Income on Derivatives
Amount of Gain Recognized in Income on Derivatives
2013
Foreign exchange contracts
Foreign currency exchange gain
$
70

2012
Foreign exchange contracts
Foreign currency exchange gain
534

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following is information relative to the Company’s derivative instruments in the condensed consolidated balance sheet as of September 30, 2013 (in thousands):

 
 
 
 
Fair Value of Asset (Liability)
Derivatives Designated as Hedging Instruments
 
Balance Sheet Location
 
September 30, 2013
 
March 31,
2013
Foreign exchange contracts
 
Other Assets
 
$
63

 
$
8

Foreign exchange contracts
 
Accrued Liabilities
 
$
(207
)
 
$
(511
)
 
 
 
 
 
 
 
Derivatives Not Designated as Hedging Instruments
 
Balance Sheet Location
 
September 30, 2013
 
March 31,
2013
Foreign exchange contracts
 
Other Assets
 
$

 
$
95

Foreign exchange contracts
 
Accrued Liabilities
 
$
(78
)
 
$
(104
)