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Derivatives (Tables)
12 Months Ended
Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The balance sheet classifications and fair value of derivative instruments as of March 31, 2016 and 2015 are as follows (amounts in thousands):
 
 
Fair Value of Derivative Instruments
 
 
March 31, 2016
 
March 31, 2015
Balance Sheet Presentation
 
As Presented (1)
 
Offset
 
Gross
 
As Presented (1)
 
Offset
 
Gross
Prepaid and other current assets
 
$

 
$
523

 
$
523

 
$
1,003

 
$

 
$
1,003

Accrued expenses
 
(367
)
 
(523
)
 
(890
)
 

 

 

 
 
$
(367
)
 
$

 
$
(367
)
 
$
1,003

 
$

 
$
1,003

______________________________________________________________________________
(1) Fair Value measured using Level 2 inputs by adjusting the market spot rate by forward points, based on the date of the contract. The spot rates and forward points used are based on an average rate from an actively traded market.
Derivative Instruments, Gain (Loss)
The impact on the Consolidated Statement of Operations for the twelve month period ended March 31, 2016 is as follows (amounts in thousands):
Impact of Foreign Exchange Contracts on Condensed Consolidated Statement of Operations
Statement Caption
 
Twelve Month Period Ended March 31, 2016
Net Sales
 
$
(789
)
Operating costs and expenses:
 
 
Cost of sales
 
3,199

Total operating costs and expenses
 
3,199

Operating income (loss)
 
$
(3,988
)