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Derivative Instruments (Tables)
12 Months Ended
Mar. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance
The following is the effect of derivative instruments on the consolidated statements of operations for the years ended March 31, 2017, 2016, and 2015 (in thousands):

Derivatives Designated as Cash Flow  
Hedges
 
Type of Instrument
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)
March 31,
 
 
 
 
 
 
 
2017
 
Foreign exchange contracts
$
200

 
Cost of products sold
 
$
(40
)
2017
 
Interest rate swap
$
281

 
Interest expense
 
$
(819
)
2017
 
Cross currency swap
$
(3,686
)
 
Foreign currency exchange loss (gain)
 
$
1,168

 
 
 
 
 
 
 
 
2016
 
Foreign exchange contracts
$
(186
)
 
Cost of products sold
 
$
74

2016
 
Interest rate swap
$
(2,025
)
 
Interest expense
 
$
(1,254
)
 
 
 
 
 
 
 
 
2015
 
Foreign exchange contracts
$
81

 
Cost of products sold
 
$
(171
)
2015
 
Interest rate swap
$
(586
)
 
 
 
$

 
 
Derivatives Not Designated as
 Hedging Instruments (Foreign
Exchange Contracts)
 
 
Location of Gain or (Loss) Recognized in
Income on Derivatives
 
Amount of
Gain or (Loss)
Recognized in
 Income on
 Derivatives
March 31,
 
 
 
 
2017
 
Foreign currency exchange loss (gain)
 
$
(110
)
2016
 
Foreign currency exchange loss (gain)
 
$
32

2015
 
Foreign currency exchange loss (gain)
 
$
(122
)
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following is information relative to the Company’s derivative instruments in the consolidated balance sheets as of March 31, 2017 and 2016 (in thousands):

 
 
 
 
Fair Value of Asset (Liability)
March 31,
Derivatives Designated as
Hedging Instruments
 
Balance Sheet Location
 
2017
 
2016
Foreign exchange contracts
 
Prepaid expenses and other
 
$
161

 
$
200

Foreign exchange contracts
 
Accrued Liabilities
 
(123
)
 
(420
)
Interest rate swap
 
Other Assets
 
1,394

 

Interest rate swap
 
Accrued Liabilities
 
(1,808
)
 
(1,129
)
Interest rate swap
 
Other non current liabilities
 

 
(1,082
)
Cross currency swap
 
Prepaid expenses and other
 
3,237

 

Cross currency swap
 
Accrued liabilities
 
(121
)
 

Cross currency swap
 
Other non current liabilities
 
(7,459
)
 


 
 
 
 
Fair Value of Asset (Liability)
 
 
 
 
March 31,
Derivatives Not Designated as
Hedging Instruments
 
Balance Sheet Location
 
2017
 
2016
Foreign exchange contracts
 
Prepaid expenses and other
 
$
2

 
$
96

Foreign exchange contracts
 
Accrued Liabilities
 
(22
)
 
(7
)