XML 53 R39.htm IDEA: XBRL DOCUMENT v3.8.0.1
Derivatives (Tables)
12 Months Ended
Mar. 31, 2018
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, 2018 and 2017 are as follows (amounts in thousands):
 
 
March 31, 2018
 
March 31, 2017
 
 
As Presented(1)
 
Offset
 
Gross
 
As Presented(1)
 
Offset
 
Gross
Prepaid and other current assets
 
$
1,154

 
$

 
$
1,154

 
$
2,907

 
$
40

 
$
2,947

Accrued expenses
 

 

 

 

 
(40
)
 
(40
)
 
 
$
1,154

 
$

 
$
1,154

 
$
2,907

 
$

 
$
2,907

______________________________________________________________________________
(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 of foreign exchange contracts on the Consolidated Statement of Operations for the twelve month periods ended March 31, 2018 and 2017 is as follows (amounts in thousands):
 
 
Fiscal Years Ended March 31,
 
 
2018
 
2017
 
2016
Net Sales
 
$

 
$

 
$
(789
)
Operating costs and expenses:
 
 
 
 
 
 
Cost of sales
 
2,420

 
5,170

 
3,199

Total operating costs and expenses
 
2,420

 
5,170

 
3,199

Operating income (loss)
 
$
(2,420
)
 
$
(5,170
)
 
$
(3,988
)