DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

6 Months Ended

Sep. 30, 2019

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 September 30, 2019 and March 31, 2019 were as follows (in thousands):

	Notional Amounts (a)				Prepaid Expenses and Other Current Assets				Accrued Other
	September 30, 2019		March 31, 2019		September 30, 2019		March 31, 2019		September 30, 2019		March 31, 2019
Derivatives Designated as Hedging Instruments:
Forward contracts	$	9,965	$	4,550	$	37	$	58	$	35	$	68

(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 September 30, 2019 and 2018 (in thousands):

	Loss Recognized in OCI on Derivative (a)						Gain (Loss) Reclassified from Accumulated OCI into Income (b)
	September 30, 2019			September 30, 2018			Location	September 30, 2019			September 30, 2018
Forward contracts	$	(27	)	$	(59	)	Research and development	$	(4	)	$	57
							Sales and marketing	28			145
	$	(27	)	$	(59	)		$	24		$	202

(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.

The following table provides the effect foreign exchange forward contracts had on other comprehensive income (loss) (OCI) and results of operations for the six months ended September 30, 2019 and 2018 (in thousands):

	Loss Recognized in OCI on Derivative (a)						Gain (Loss) Reclassified from Accumulated OCI into Income (b)
	September 30, 2019			September 30, 2018			Location	September 30, 2019			September 30, 2018
Forward contracts	$	(101	)	$	(578	)	Research and development	$	(8	)	$	87
							Sales and marketing	78			209
	$	(101	)	$	(578	)		$	70		$	296

(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.