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Derivative Instruments (Tables)
3 Months Ended
Jun. 30, 2014
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 statements of operations and retained earnings for the three months ended June 30, 2014 and 2013 (in thousands):

June 30,
 
Derivatives Designated as Cash Flow  Hedges (Foreign Exchange Contracts)
 
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)
2014
 
Foreign exchange contracts
 
$
3

 
Cost of products sold
 
$
(113
)
2013
 
Foreign exchange contracts
 
91

 
Cost of products sold
 
5


June 30,
Derivatives Not Designated as Hedging Instruments (Foreign Exchange Contracts)
Location of Gain (Loss) Recognized in Income on Derivatives
Amount of Gain (Loss) Recognized in Income on Derivatives
2014
Foreign exchange contracts
Foreign currency exchange loss
$
(42
)
2013
Foreign exchange contracts
Foreign currency exchange gain
130

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 sheets as of June 30, 2014 (in thousands):

 
 
 
 
Fair Value of Asset (Liability)
Derivatives Designated as Hedging Instruments
 
Balance Sheet Location
 
June 30, 2014
 
March 31,
2014
Foreign exchange contracts
 
Other Assets
 
$

 
$

Foreign exchange contracts
 
Accrued Liabilities
 
$
(71
)
 
$
(141
)
 
 
 
 
 
 
 
Derivatives Not Designated as Hedging Instruments
 
Balance Sheet Location
 
June 30, 2014
 
March 31,
2014
Foreign exchange contracts
 
Other Assets
 
$
96

 
$
163

Foreign exchange contracts
 
Accrued Liabilities
 
$
(21
)
 
$
(64
)