Derivative Instruments (Tables)

12 Months Ended

Mar. 31, 2019

The fair value of the Company’s derivative financial instruments recorded in the consolidated balance sheets were as follows:

	Balance Sheet Location	March 31, 2019		March 31, 2018
Derivatives designated as hedges:
Commodity derivatives	Other current assets	$	0.6	$	0.1
Commodity derivatives	Other current liabilities		0.3		-
Foreign exchange contracts	Other current assets		0.2		0.1

Derivatives not designated as hedges:
Commodity derivatives	Other current liabilities	$	-	$	0.2
Foreign exchange contracts	Other current assets		-		0.2
Foreign exchange contracts	Other current liabilities		0.5		0.6

The amounts associated with derivative financial instruments that the Company designated for hedge accounting were as follows:

	Gain (loss) recognized in other comprehensive income							Statement of Operations	Gain (loss) reclassified from AOCI
	2019			2018		2017		Location	2019			2018		2017
Commodity derivatives	$	(0.3	)	$	0.2	$	-	Cost of sales	$	(0.4	)	$	-	$	-
Foreign exchange contracts		(0.4	)		0.1		-	Net sales		(0.4	)		0.1		-
Foreign exchange contracts		1.0			-		-	Cost of sales		0.6			-		-
Total gains (losses)	$	0.3		$	0.3	$	-		$	(0.2	)	$	0.1	$	-

The amounts associated with derivative financial instruments that the Company did not designate for hedge accounting were as follows:

		Years ended March 31,
	Statement of Operations Location	2019			2018			2017
Commodity derivatives	Cost of sales	$	-		$	0.4		$	0.5
Foreign exchange contracts	Net sales		(0.7	)		(0.1	)		-
Foreign exchange contracts	Other income (expense) - net		(0.3	)		(0.5	)		1.3
Total gains (losses)		$	(1.0	)	$	(0.2	)	$	1.8