FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES (Tables)

9 Months Ended

Dec. 31, 2019

Fair Value Disclosures [Abstract]

Schedule of financial assets and liabilities measured at fair value on a recurring basis

The following table presents the Company’s assets and liabilities measured at fair value on a recurring basis: 

	Fair Value Measurements as of December 31, 2019
	Level 1		Level 2			Level 3		Total
	(In thousands)
Assets:
Money market funds and time deposits (included in cash and cash equivalents of the condensed consolidated balance sheet)	$	—	$	373,644		$	—	$	373,644
Foreign currency contracts (Note 10)	—		46,042			—		46,042
Deferred compensation plan assets:								0
Mutual funds, money market accounts and equity securities	—		58,204			—		58,204
Liabilities:								0.003
Foreign currency contracts (Note 10)	$	—	$	(31,631	)	$	—	$	(31,631	)
	Fair Value Measurements as of March 31, 2019
	Level 1		Level 2			Level 3		Total
	(In thousands)
Assets:
Money market funds and time deposits (included in cash and cash equivalents of the condensed consolidated balance sheet)	$	—	$	473,888		$	—	$	473,888
Foreign currency contracts (Note 10)	—		27,277			—		27,277
Deferred compensation plan assets:								0
Mutual funds, money market accounts and equity securities	2,845		76,852			—		79,697
Liabilities:								0
Foreign currency contracts (Note 10)	$	—	$	(27,426	)	$	—	$	(27,426	)

Schedule of debt not carried at fair value

The following table presents the Company’s major debts not carried at fair value: 

	As of December 31, 2019				As of March 31, 2019
	Carrying Amount		Fair Value		Carrying Amount		Fair Value		Fair Value Hierarchy
	(In thousands)
Term Loan, including current portion, due in installments through June 2022	439,688		441,337		458,531		457,958		Level 1
5.000% Notes due February 2023	500,000		534,733		500,000		499,950		Level 1
Term Loan due April 2024 - three-month Yen LIBOR plus 0.50%	305,927		305,927		—		—		Level 2
4.750% Notes due June 2025	597,150		647,854		596,815		599,940		Level 1
4.875% Notes due June 2029	662,205		717,955		—		—		Level 1
India Facilities	133,145		133,145		170,206		170,206		Level 2
Euro Term Loan due September 2020	51,281		51,281		52,746		52,746		Level 2
Euro Term Loan due January 2022	111,632		111,632		112,524		112,524		Level 2
Total	$	2,801,028	$	2,943,864	$	1,890,822	$	1,893,324