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Derivative Financial Instruments (Tables)
12 Months Ended
Mar. 31, 2013
Fair Value Of Derivative Instruments In The Consolidated Balance Sheets

Presented below in tabular form is information on the location and amounts of derivative fair values in the Consolidated Balance Sheets and derivative gains and losses in the Consolidated Statements of Income:

Fair Value of Derivative Instruments

March 31, 2013 and 2012

 

     Derivatives and Hedging Activities
Designated as Cash Flow Hedges
     Derivatives and Hedging Activities
Not Designated as Hedging  Instruments
 
     March 31,
2013
     March 31,
2012
     March 31,
2013
     March 31,
2012
 

Prepaid and other current assets

           

Foreign currency forward contracts

   $ —        $ 670       $ 241      $ 112   

Other assets

           

Lead hedge forward contracts

     —          30         —          —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Total assets

   $ —        $ 700       $ 241      $ 112   
  

 

 

    

 

 

    

 

 

    

 

 

 

Accrued expenses

           

Interest rate swap agreements

   $ —        $ —        $ 654      $ 3,628   

Lead hedge forward contracts

     2,832         881         —          —    

Foreign currency forward contracts

     252         —          —           —    

Other liabilities

           

Interest rate swap agreements

     —          —          —          244   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total liabilities

   $ 3,084       $ 881       $ 654      $ 3,872   
  

 

 

    

 

 

    

 

 

    

 

 

 
The Effect of Derivative Instruments on the Consolidated Statements of Income

The Effect of Derivative Instruments on the Consolidated Statements of Income

For the fiscal year ended March 31, 2013

 

Derivatives Designated as Cash Flow Hedges

   Gain (Loss)
Recognized in
AOCI on
Derivative
(Effective
Portion)
    

Location of Gain
(Loss) Reclassified
from
AOCI into Income
(Effective Portion)

   Gain (Loss)
Reclassified
from
AOCI into
Income
(Effective
Portion)
 

Lead hedge forward contracts

   $ 1,623       Cost of goods sold    $ 3,309   

Foreign currency forward contracts

     248       Cost of goods sold      1,703   
  

 

 

       

 

 

 

Total

   $ 1,871          $ 5,012   
  

 

 

       

 

 

 

  

The Effect of Derivative Instruments on the Consolidated Statements of Income

For the fiscal year ended March 31, 2012

 

Derivatives Designated as Cash Flow Hedges

   Gain (Loss)
Recognized in
AOCI on
Derivative
(Effective
Portion)
   

Location of Gain
(Loss) Reclassified
from
AOCI into Income
(Effective Portion)

   Gain (Loss)
Reclassified
from
AOCI into
Income
(Effective
Portion)
 

Lead hedge forward contracts

   $ (9,731   Cost of goods sold    $ (831

Foreign currency forward contracts

     (152   Cost of goods sold      (3,882
  

 

 

      

 

 

 

Total

   $ (9,883      $ (4,713
  

 

 

      

 

 

 

 

The Effect of Derivative Instruments on the Consolidated Statements of Income

For the fiscal year ended March 31, 2011

 

Derivatives in a Cash Flow Hedging Relationship

   Gain (Loss)
Recognized in
AOCI on
Derivative
(Effective
Portion)
    Location of
Gain (Loss) Reclassified
from
AOCI into Income
(Effective Portion)
   Gain (Loss)
Reclassified
from
AOCI into
Income
(Effective
Portion)
 

Interest rate swap contracts

   $ (2,835   Interest expense    $ (6,698

Lead hedge forward contracts

     15,930      Cost of goods sold      6,417   

Foreign currency forward contracts

     (4,031   Cost of goods sold      471   
  

 

 

      

 

 

 

Total

   $ 9,064         $ 190   
  

 

 

      

 

 

 
Effect Of Derivative Instruments

Derivatives Not Designated as Hedging Instruments

  

Location of Gain (Loss)
Recognized in Income
on Derivative

   Gain (Loss)  

Interest rate swap contracts

   Other (income) expense, net    $ (101

Foreign currency forward contracts

   Other (income) expense, net      2,597   
     

 

 

 

Total

      $ 2,496   
     

 

 

 

 

Derivatives Not Designated as Hedging Instruments

  

Location of Gain (Loss)
Recognized in Income
on Derivative

   Gain (Loss)  

Interest rate swap contracts

   Other (income) expense, net    $ (977

Foreign currency forward contracts

   Other (income) expense, net      (106
     

 

 

 

Total

      $ (1,083
     

 

 

 

 

 

Derivatives Not Designated as Hedging Instruments

  

Location of Gain (Loss)
Recognized in Income
on Derivative

   Gain (Loss)  

Interest rate swap contracts

   Charges related to refinancing    $ (5,847