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Derivative Financial Instruments (Tables)
6 Months Ended
Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value Schedule of Derivatives Designated as Hedging Instruments
Fair value of derivatives designated as hedging instruments under ASC 815 (in millions):
 
 
September 30, 2015
 
March 31, 2015
 
Balance Sheet Classification
 
 
Liability Derivatives
Interest rate swaps
 
$
22.4

 
$
17.7

 
 Other long-term liabilities
 
 
Asset Derivatives
Interest rate caps
 
$
0.9

 
$
3.0

 
 Other long-term assets
Fair Value Schedule of Derivatives Not Designated as Hedging Instruments
Fair value of derivatives not designated as hedging instruments under ASC 815 (in millions):
 
 
September 30, 2015
 
March 31, 2015
 
Balance Sheet Classification
 
 
Asset Derivatives
Foreign currency forward contracts
 
$
0.5

 
$
0.4

 
 Other current assets
Schedules of Gains and Losses Associated with Derivative Instruments
The following table indicates the location and the amount of gains or losses associated with the Company's derivative instruments, net of tax, within the condensed consolidated balance sheets (for qualifying ASC 815 instruments) and recognized within the condensed consolidated statements of operations. The information is segregated between designated, qualifying ASC 815 hedging instruments and non-qualifying, non-designated hedging instruments (in millions). As of September 30, 2015, there was no ineffectiveness on the Company's designated hedging instruments.
 
 
Amount of loss recognized in accumulated other comprehensive loss on derivatives
Derivative instruments designated as cash flow hedging relationships under ASC 815
 
 
September 30, 2015
 
March 31, 2015
Interest rate swaps
 
$
13.8

 
$
9.2

Interest rate caps
 
3.0

 
$
1.7



The Company expects to reclassify approximately $10.4 million of losses related to its interest rate derivatives recorded within accumulated other comprehensive loss into earnings as interest expense during the next twelve months.
 
 
 
 
Amount recognized in other expense, net
Derivative instruments not designated as hedging instruments under ASC 815
 
Condensed Consolidated Statements of Operations Classification
 
Second Quarter Ended
 
Six Months Ended
 
 
September 30, 2015
 
September 30, 2014
 
September 30, 2015
 
September 30, 2014
Foreign currency forward contracts
 
Other income, net
 
$
0.6

 
$
0.5

 
$
0.7

 
$
0.1