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ACCUMULATED OTHER COMPREHENSIVE LOSS
 9 Months Ended
Dec. 31, 2015
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE LOSS
ACCUMULATED OTHER COMPREHENSIVE LOSS
 
The changes in accumulated other comprehensive loss by component, net of tax, are as follows:
 
 
Three-Month Periods Ended
 
December 31, 2015
 
December 31, 2014
 
Unrealized gain
(loss) on derivative
instruments and
other
 
Foreign currency
translation
adjustments
 
Total
 
Unrealized gain
(loss) on derivative
instruments and
other
 
Foreign currency
translation
adjustments
 
Total
 
(In thousands)
Beginning balance
$
(60,981
)
 
$
(139,723
)
 
$
(200,704
)
 
$
(24,557
)
 
$
(103,135
)
 
$
(127,692
)
Other comprehensive gain (loss) before reclassifications
5,941

 
9,224

 
15,165

 
(29,287
)
 
(15,154
)
 
(44,441
)
Net losses reclassified from accumulated other comprehensive loss
4,556

 
20,839

 
25,395

 
6,490

 
—

 
6,490

Net current-period other comprehensive gain (loss)
10,497

 
30,063

 
40,560

 
(22,797
)
 
(15,154
)
 
(37,951
)
Ending balance
$
(50,484
)
 
$
(109,660
)
 
$
(160,144
)
 
$
(47,354
)
 
$
(118,289
)
 
$
(165,643
)


 
Nine-Month Periods Ended
 
December 31, 2015
 
December 31, 2014
 
Unrealized gain
(loss) on derivative
instruments and
other
 
Foreign currency
translation
adjustments
 
Total
 
Unrealized gain
(loss) on derivative
instruments and
other
 
Foreign currency
translation
adjustments
 
Total
 
(In thousands)
Beginning balance
$
(68,266
)
 
$
(112,239
)
 
$
(180,505
)
 
$
(32,849
)
 
$
(93,307
)
 
$
(126,156
)
Other comprehensive gain (loss) before reclassifications
(8,478
)
 
(18,412
)
 
(26,890
)
 
(31,252
)
 
(13,146
)
 
(44,398
)
Net (gains) losses reclassified from accumulated other comprehensive loss
26,260

 
20,991

 
47,251

 
16,747

 
(11,836
)
 
4,911

Net current-period other comprehensive gain (loss)
17,782

 
2,579

 
20,361

 
(14,505
)
 
(24,982
)
 
(39,487
)
Ending balance
$
(50,484
)
 
$
(109,660
)
 
$
(160,144
)
 
$
(47,354
)
 
$
(118,289
)
 
$
(165,643
)


Net losses reclassified from accumulated other comprehensive loss during the nine-month period ended December 31, 2015 relating to derivative instruments and other includes $24.7 million attributable to the Company’s cash flow hedge instruments which were recognized as a component of cost of sales in the condensed consolidated statement of operations. During the three-month ended December 31, 2015, the Company recognized a loss of $26.8 million in connection with the disposition of a non-strategic Western European manufacturing facility, which included a $25.3 million cumulative foreign currency translation loss. This loss was offset by the release of certain cumulative foreign currency translation gains of $4.2 million, which has been reclassified from accumulated other comprehensive loss during the period and is included in other charges (income), net in the condensed consolidated statement of operations.
 
During the nine-month period ended December 31, 2014, the Company recognized a loss of $11.0 million in connection with the disposition of a manufacturing facility in Western Europe. This loss includes the settlement of unrealized losses of $4.2 million on an insignificant defined benefit plan associated with the disposed facility offset by the release of cumulative foreign currency translation gains of $9.3 million, both of which have been reclassified from accumulated other comprehensive loss during the period. The loss on sale is included in other charges (income), net in the condensed consolidated statement of operations.

Additionally, net gains reclassified from accumulated other comprehensive loss during the nine-month period ended December 31, 2014 includes $2.6 million in connection with cumulative translation gains related to the liquidation of a foreign entity, which is included in other charges (income), net in the condensed consolidated statement of operations.
 
Substantially all unrealized losses relating to derivative instruments and other, reclassified from accumulated other comprehensive loss for the three-month and nine-month periods ended December 31, 2014, was recognized as a component of cost of sales in the condensed consolidated statement of operations, which primarily relate to the Company’s foreign currency contracts accounted for as cash flow hedges.