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Forward and Swap Contracts
9 Months Ended
Dec. 31, 2013
Notes To Financial Statements [Abstract]  
Derivative Instruments and Hedging Activities Disclosure [Text Block]
Forward and Swap Contracts

From time to time, we enter into forward contracts to hedge potential foreign currency gains and losses that arise from transactions denominated in foreign currencies, including inter-company transactions. We may also enter into commodity swap contracts to hedge price changes in a certain commodity that impacts raw materials included in our cost of revenues. We do not use derivative financial instruments for speculative purposes. These contracts are not designated as hedging instruments and do not receive hedge accounting treatment; therefore, changes in their fair value are not deferred but are recognized immediately in the Consolidated Statements of Income. At December 31, 2013, we held foreign currency forward contracts to buy 114.7 million Mexican pesos and 15 million Canadian dollars and to sell 3.5 million Swiss francs and 24.7 million Mexican pesos.

 
 
Asset Derivatives
 
Liability Derivatives
 
 
Fair Value at
 
Fair Value at
 
Fair Value at
 
Fair Value at
Balance Sheet Location
 
December 31, 2013
 
March 31, 2013
 
December 31, 2013
 
March 31, 2013
Prepaid & Other
 
$

 
$
161

 
$

 
$

Accrued expenses and other
 
$

 
$

 
$
388

 
$
128



The following table presents the impact of derivative instruments and their location within the Consolidated Statements of Income:
 
 
 
Location of gain (loss) recognized in income
 
Amount of gain (loss)
recognized in income
Three Months Ended December 31,
 
Nine Months Ended December 31,
2013
 
2012
 
2013
 
2012
Foreign currency forward contracts
 
Selling, general and administrative
 
$
(271
)
 
$
(90
)
 
$
(842
)
 
$
24

Commodity swap contracts
 
Cost of revenues
 
$

 
$
(169
)
 
$
(57
)
 
$
(211
)