DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

9 Months Ended

Dec. 31, 2012

Summary Of Notional Amounts And Fair Values Of Derivative Instruments On Consolidated Balance Sheet

The notional amounts and fair values of derivative instruments in the consolidated balance sheets as of December 31, 2012 and March 31, 2012 were as follows (in thousands):


	Notional Amounts (a)				Other Current Assets				Accrued Other Liabilities
	December 31, 2012		March 31, 2012		December 31, 2012		March 31, 2012		December 31, 2012		March 31, 2012
Derivatives Designated as Hedging Instruments:
Forward contracts	$	14,375	$	11,203	$	293	$	150	$	68	$	166

(a)	Notional amounts represent the gross contract/notional amount of the derivatives outstanding.

Effect Of Foreign Exchange Forward Contracts On OCI And Results Of Operations

The following table provides the effect foreign exchange forward contracts had on other comprehensive income (loss) (OCI) and results of operations for the three months ended December 31, 2012 and 2011 (in thousands):


Derivatives in Cash Flow Hedging Relationships	Effective Portion											Ineffective Portion
	Gain (Loss) Recognized in OCI on Derivative (a)					Gain (Loss) Reclassified from Accumulated OCI into Income (b)						Gain (Loss) Recognized in Income (Amount Excluded from Effectiveness Testing) (c)
	December 31, 2012			December 31, 2011		Location	December 31, 2012			December 31, 2011		Location	December 31, 2012			December 31, 2011
Forward contracts	$	(46	)	$	359	Research and development	$	(52	)	$	136	Research and development	$	51		$	(15	)
						Sales and marketing		67			116	Sales and marketing		(9	)		(7	)

	$	(46	)	$	359		$	15		$	252		$	42		$	(22	)

(a)	The amount represents the change in fair value of derivative contracts due to changes in spot rates.

(b)	The amount represents reclassification from other comprehensive income to earnings that occurs when the hedged item affects earnings.

(c)

The amount represents the change in fair value of derivative contracts due to changes in the difference between the spot price and forward price that is excluded from the assessment of hedge effectiveness and therefore recognized in earnings. No gains or losses were reclassified as a result of discontinuance of cash flow hedges.

The following table provides the effect foreign exchange forward contracts had on OCI and results of operations for the nine months ended December 31, 2012 and 2011 (in thousands):


Derivatives in Cash Flow Hedging Relationships	Effective Portion												Ineffective Portion
	Gain (Loss) Recognized in OCI on Derivative (a)					Gain (Loss) Reclassified from Accumulated OCI into Income (b)							Gain (Loss) Recognized in Income (Amount Excluded from Effectiveness Testing) (c)
	December 31, 2012			December 31, 2011		Location	December 31, 2012			December 31, 2011			Location	December 31, 2012			December 31, 2011
Forward contracts	$	(22	)	$	665	Research and development	$	(289	)	$	138		Research and development	$	137		$	(91	)
						Sales and marketing		41			(107	)	Sales and marketing		(4	)		(42	)

	$	(22	)	$	665		$	(248	)	$	31			$	133		$	(133	)

(a)	The amount represents the change in fair value of derivative contracts due to changes in spot rates.

(b)	The amount represents reclassification from other comprehensive income to earnings that occurs when the hedged item affects earnings.

(c)

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

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