OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

9 Months Ended

Dec. 31, 2019

Analysis of Changes in Accumulated Other Comprehensive Income (Loss)

The following table provides an analysis of the changes in accumulated other comprehensive loss (in thousands):


	Three Months Ended December 31,
	2019		2018
Currency translation adjustments:
Balance at beginning of period	$	(7,280)	$	(6,279)
Adjustments for foreign currency translation	1,699		(1,582)
Balance at end of period	$	(5,581)	$	(7,861)

Interest rate swaps:
Balance at beginning of period	$	(908)	$	144
Unrealized gains (losses), net of taxes of $(49) and $71, respectively (a)	184		(268)
Reclassification of losses included in interest expense, net, net of taxes of $(6) and $(4), respectively	23		14

Other comprehensive income (loss)	207		(254)
Balance at end of period	$	(701)	$	(110)

Defined benefit plans:
Balance at beginning of period	$	(936)	$	(2,508)
Amortization of net (losses) gains, net of taxes of $1 and $(11), respectively (b)	(3)		41
Balance at end of period	$	(939)	$	(2,467)


	Nine Months Ended December 31,
	2019		2018
Currency translation adjustments:
Balance at beginning of period	$	(6,869)	$	(4,837)
Adjustments for foreign currency translation	1,288		(3,024)
Balance at end of period	$	(5,581)	$	(7,861)

Interest rate swaps:
Balance at beginning of period	$	(394)	$	(108)
Unrealized losses, net of taxes of $94 and $11, respectively (a)	(354)		(42)
Reclassification of losses included in interest expense, net, net of taxes of $(12) and $(15), respectively	47		56
Other adjustments (c)	—		(16)
Other comprehensive loss	(307)		(2)
Balance at end of period	$	(701)	$	(110)

Defined benefit plans:
Balance at beginning of period	$	(3,466)	$	(2,530)
Amortization of net gains, net of taxes of $(3) and $(17), respectively (b)	11		63
Pension plan termination, net of taxes of $(669) and $0, respectively	2,516		—
Other comprehensive income	2,527		63
Balance at end of period	$	(939)	$	(2,467)

(a) Unrealized gains (losses) are reclassified to earnings as underlying cash interest payments are made. We expect to recognize a loss of $0.1 million, net of deferred taxes, over the next twelve months related to designated cash flow hedges based on their fair values at December 31, 2019.

(b) Amortization of actuarial losses out of accumulated comprehensive loss are included in the computation of net periodic pension expense. See Note 13 for additional information.