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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
 9 Months Ended
Dec. 31, 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 December 31, 2020 and March 31, 2020 were as follows (in thousands):
 Notional Amounts (a)Prepaid Expenses and Other Current AssetsAccrued Other
 December 31,
2020		March 31,
2020		December 31,
2020		March 31,
2020		December 31,
2020		March 31,
2020
Derivatives Designated as Hedging Instruments:
     Forward contracts$3,474 $1,722 $174 $— $— $49 
Summary of Effect of Foreign Exchange Forward Contracts on OCI and Results of Operations
The following table provides the effect foreign exchange forward contracts designated as hedging instruments had on other comprehensive income (loss) (OCI) and results of operations for the three months ended December 31, 2020 and 2019 (in thousands):
Gain Recognized in
OCI on Derivative
(a)		Loss Reclassified from
Accumulated OCI into Income
(b)
December 31,
2020		December 31,
2019		LocationDecember 31,
2020		December 31,
2019
Forward contracts$172 $124 Research and development$(21)$(8)
Sales and marketing(82)(29)
$172 $124 $(103)$(37)
(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 not designated as hedging instruments had on the Company's results of operations for the three months ended December 31, 2020 and 2019 (in thousands):
Gain Recognized in Income
(a)
LocationDecember 31,
2020		December 31,
2019
Forward contractsGeneral and administrative$30 $— 
$30 $— 
(a)The amount represents the change in fair value of derivative contracts due to changes in spot rates.
The following table provides the effect foreign exchange forward contracts designated as hedging instruments had on other comprehensive income (loss) (OCI) and results of operations for the nine months ended December 31, 2020 and 2019 (in thousands):
Gain Recognized in
OCI on Derivative
(a)		Gain (Loss) Reclassified from
Accumulated OCI into Income
(b)
December 31,
2020		December 31,
2019		LocationDecember 31,
2020		December 31,
2019
Forward contracts$420 $24 Research and development$(34)$(16)
Sales and marketing(163)49 
$420 $24 $(197)$33 
(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 not designated as hedging instruments had on the Company's results of operations for the nine months ended December 31, 2020 and 2019 (in thousands):
Gain Recognized in Income
(a)
LocationDecember 31,
2020		December 31,
2019
Forward contractsGeneral and administrative$76 $— 
$76 $— 
(a)The amount represents the change in fair value of derivative contracts due to changes in spot rates.