OTHER COMPREHENSIVE INCOME (LOSS)

6 Months Ended

Sep. 30, 2021

Equity [Abstract]

OTHER COMPREHENSIVE INCOME (LOSS)

OTHER COMPREHENSIVE INCOME (LOSS)

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

	Three Months Ended September 30,
	2021		2020
Currency translation adjustments:
Balance at beginning of period	$	(3,905)	$	(7,847)
Adjustments for foreign currency translation	(531)		1,052
Balance at end of period	$	(4,436)	$	(6,795)
Interest rate swaps:
Balance at beginning of period	$	(912)	$	(1,445)
Unrealized gain, net of taxes of $(8) and $0, respectively (a)	30		1
Reclassification of losses included in interest expense, net, net of taxes of $(15) and $(16), respectively	57		59
Other comprehensive income	87		60
Balance at end of period	$	(825)	$	(1,385)
Defined benefit plans:
Balance at beginning of period	$	(792)	$	(875)
Amortization of net losses, net of taxes of $(7) and $(1), respectively (b)	25		4
Balance at end of period	$	(767)	$	(871)

	Six Months Ended September 30,
	2021		2020
Currency translation adjustments:
Balance at beginning of period	$	(4,394)	$	(9,185)
Adjustments for foreign currency translation	(42)		2,390
Balance at end of period	$	(4,436)	$	(6,795)
Interest rate swaps:
Balance at beginning of period	$	(803)	$	(1,390)
Unrealized losses, net of taxes of $36 and $28, respectively	(136)		(105)
Reclassification of losses included in interest expense, net,   net of taxes of $(30) and $(29), respectively	114		110
Other comprehensive income (loss)	(22)		5
Balance at end of period	$	(825)	$	(1,385)
Defined benefit plans:
Balance at beginning of period	$	(799)	$	(871)
Amortization of net losses, net of taxes of $(9) and $0, respectively (b)	32		—
Other comprehensive income (loss)	32		—
Balance at end of period	$	(767)	$	(871)

(a) Unrealized gains (losses) are reclassified to earnings as underlying cash interest payments are made. We expect to recognize a loss of $0.2 million, net of deferred taxes, over the next twelve months related to designated cash flow hedges based on their fair values at September 30, 2021.

(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.