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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
 3 Months Ended
Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
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 at June 30, 2016 and March 31, 2016 were as follows (in thousands):
 
Notional Amounts (a)

Prepaid Expenses and Other Current Assets

Accrued Other
 
June 30,
2016

March 31,
2016
 
June 30,
2016
 
March 31,
2016
 
June 30,
2016
 
March 31,
2016
Derivatives Designated as Hedging Instruments:











Forward contracts
$
10,736

 
$
17,490

 
$
116

 
$
191

 
$
93

 
$
158

 
(a)
Notional amounts represent the gross contract/notional amount of the derivatives outstanding.
Summary of 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 June 30, 2016 and 2015 (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)
June 30, 2016
 
June 30, 2015

Location

June 30, 2016

June 30, 2015

Location

June 30, 2016
 
June 30, 2015
Forward contracts
$
(50
)
 
$
10


Research and
development

$
(12
)
 
$
47


Research and
development

$
13

 
$
34






Sales and
marketing

34

 
1,276


Sales and
marketing

(35
)
 
(14
)

$
(50
)

$
10




$
22


$
1,323




$
(22
)

$
20

(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.