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Derivative Instruments and Hedging Activities (Tables) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Derivatives, Fair Value [Line Items]    
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 (in thousands):
  Fair Value of Asset (Liability)
Derivatives Designated as Hedging InstrumentsBalance Sheet LocationJune 30, 2020March 31, 2020
Foreign exchange contractsPrepaid expenses and other$92  $318  
Foreign exchange contractsAccrued liabilities(2) (33) 
Interest rate swapPrepaid expenses and other—  —  
Interest rate swapOther assets—  —  
Interest rate swapAccrued liabilities(1,484) (1,402) 
Interest rate swapOther non current liabilities(1,694) (1,894) 
Cross currency swapPrepaid expenses and other1,281  1,750  
Cross currency swapAccrued liabilities—  —  
Cross currency swapOther non current liabilities(7,817) (5,254) 
Derivatives Not Designated as Hedging InstrumentsBalance Sheet LocationJune 30, 2020March 31, 2020
Foreign exchange contractsAccrued Liabilities(18) —  
 
Derivative Instruments, Gain (Loss)
The following is the effect of derivative instruments on the Condensed Consolidated Statements of Operations for the three months ended June 30, 2020 and 2019 (in thousands):
Derivatives Designated as Cash Flow HedgesType of InstrumentAmount of Gain or (Loss) Recognized in Other Comprehensive Income (Loss) on DerivativesLocation of Gain or (Loss) Recognized in Income on DerivativesAmount of Gain or (Loss) Reclassified from AOCL into Income
June 30, 2020Foreign exchange contracts$(125) Cost of products sold$ 
June 30, 2020Interest rate swaps(173) Interest expense(262) 
June 30, 2020Cross currency swaps(2,273) Foreign currency exchange (gain) loss(2,305) 
June 30, 2019Foreign exchange contracts—  Cost of products sold 
June 30, 2019Interest rate swap(1,413) Interest expense247  
June 30, 2019Cross currency swaps(1,001) Foreign currency exchange (gain) loss(1,904) 
Derivatives Not Designated as Hedging InstrumentsLocation of Gain (Loss) Recognized in Income on DerivativesAmount of Gain (Loss) Recognized in Income on Derivatives
June 30, 2020Foreign currency exchange (gain) loss$(18) 
June 30, 2019Foreign currency exchange (gain) loss35  
 
Designated as Hedging Instrument | Foreign exchange contracts    
Derivatives, Fair Value [Line Items]    
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax $ (125) $ 0
Cost of products sold | Designated as Hedging Instrument | Foreign exchange contracts    
Derivatives, Fair Value [Line Items]    
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net 8 1
Cost of products sold | Designated as Hedging Instrument | Interest Rate Swap [Member]    
Derivatives, Fair Value [Line Items]    
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax (173) (1,413)
Cost of products sold | Designated as Hedging Instrument | Cross Currency Interest Rate Contract [Member]    
Derivatives, Fair Value [Line Items]    
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax (2,273) (1,001)
Interest Expense [Member] | Designated as Hedging Instrument | Interest Rate Swap [Member]    
Derivatives, Fair Value [Line Items]    
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net (262) 247
Foreign currency exchange (gain) loss | Designated as Hedging Instrument | Cross Currency Interest Rate Contract [Member]    
Derivatives, Fair Value [Line Items]    
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net (2,305) (1,904)
Foreign currency exchange (gain) loss | Derivatives Not Designated as Hedging Instruments | Foreign exchange contracts    
Derivatives, Fair Value [Line Items]    
Derivative, Gain (Loss) on Derivative, Net $ (18) $ 35