Derivatives/Hedges (Tables)

3 Months Ended

Jun. 30, 2012

Fair value of the derivative financial instruments recorded in the consolidated balance sheets

The fair value of the derivative financial instruments recorded in the consolidated balance sheets as of June 30, 2012 and March 31, 2012 are as follows:

	Balance Sheet Location	June 30, 2012		March 31, 2012
Derivative instruments designated as cash flow hedges:
Commodity derivatives	Deferred income taxes and other current assets	$	-	$	156
Commodity derivatives	Accrued expenses and other current liabilities		-		924

Derivatives not designated as hedges:
Foreign exchange contracts	Deferred income taxes and other current assets	$	463	$	205
Commodity derivatives	Accrued expenses and other current liabilities		4,265		2,606

Amounts recorded in AOCI and in consolidated statement of operations

The amounts recorded in AOCI and in the consolidated statement of operations for the three months ended June 30, 2012 are as follows:

	Amount of Loss Recognized in AOCI		Location of Loss (Gain) Recognized in Income	Amount of Loss Reclassified from AOCI into Continuing Operations		Amount of Loss (Gain) Recognized in Income
Derivatives not designated:
Commodity derivatives	$	2,366	Cost of sales	$	780	$	1,959
Foreign exchange contracts		-	Other income - net		-		(436	)
Total	$	2,366		$	780	$	1,523

The amounts recorded in AOCI and in the consolidated statement of operations for the three months ended June 30, 2011 is as follows:

	Amount of Loss Recognized in AOCI		Location of Gain Reclassified from AOCI into Continuing Operations	Amount of Gain Reclassified from AOCI into Continuing Operations
Designated derivative instruments:
Commodity derivatives	$	1,777	Cost of sales	$	(269	)
Total	$	1,777		$	(269	)