DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

3 Months Ended

Jun. 30, 2020

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, 2020 and March 31, 2020 were as follows (in thousands):

	Notional Amounts (a)				Prepaid Expenses and Other Current Assets				Accrued Other
	June 30, 2020		March 31, 2020		June 30, 2020		March 31, 2020		June 30, 2020		March 31, 2020
Derivatives Designated as Hedging Instruments:
Forward contracts	$	8,858	$	1,722	$	21	$	—	$	20	$	49

(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, 2020 and 2019 (in thousands):

	Gain (Loss) Recognized in OCI on Derivative (a)				Gain (Loss) Reclassified from Accumulated OCI into Income (b)
	June 30, 2020		June 30, 2019		Location	June 30, 2020		June 30, 2019
Forward contracts	$	11	$	(73)	Research and development	$	8	$	(5)
					Sales and marketing	34		51
	$	11	$	(73)		$	42	$	46

(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.