Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Sep. 30, 2019

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

Schedule of changes in Accumulated Other Comprehensive Income (Loss)

Changes in Accumulated Other Comprehensive Income (“AOCI”) for the three and six months ended September 30, 2019 and 2018 include the following components (amounts in thousands):



	Foreign Currency Translation, net of Tax⁽¹⁾			Post-Retirement Benefit Plan Adjustments, net of Tax			Defined Benefit Pension Plans, net of Tax⁽²⁾			Ownership Share of Equity Method Investees’ Other Comprehensive Income (Loss), net of Tax		Cash Flow Hedges, net of Tax			Excluded Component of Fair Value Hedges, net of Tax			Net Accumulated Other Comprehensive Income (Loss)
Balance at June 30, 2019	$	(11,171	)	$	756		$	(15,594	)	$	274	$	(5,432	)	$	(957	)	$	(32,124	)
Other comprehensive income (loss) before reclassifications ^{(3) (4)}	(5,340		)	—			—			—		(5,918		)	—			(11,258		)
Amounts reclassified out of AOCI	(2,626		)	(37		)	162			—		1,765			45			(691		)
Other comprehensive income (loss)	(7,966		)	(37		)	162			—		(4,153		)	45			(11,949		)
Balance at September 30, 2019	$	(19,137	)	$	719		$	(15,432	)	$	274	$	(9,585	)	$	(912	)	$	(44,073	)



	Foreign Currency Translation, net of Tax⁽¹⁾			Post-Retirement Benefit Plan Adjustments, net of Tax			Defined Benefit Pension Plans, net of Tax⁽²⁾			Ownership Share of Equity Method Investees’ Other Comprehensive Income (Loss), net of Tax			Cash Flow Hedges, net of Tax			Excluded Component of Fair Value Hedges, net of Tax		Net Accumulated Other Comprehensive Income (Loss)
Balance at June 30, 2018	$	(14,488	)	$	840		$	(14,792	)	$	274		$	(3,284	)	$	—	$	(31,450	)
Other comprehensive income (loss) before reclassifications	(3,149		)	—			—			(6		)	4,099			—		944
Amounts reclassified out of AOCI	—			(39		)	248			—			1,089			—		1,298
Other comprehensive income (loss)	(3,149		)	(39		)	248			(6		)	5,188			—		2,242
Balance at September 30, 2018	$	(17,637	)	$	801		$	(14,544	)	$	268		$	1,904		$	—	$	(29,208	)



	Foreign Currency Translation, net of Tax ⁽¹⁾			Post-Retirement Benefit Plan Adjustments, net of Tax			Defined Benefit Pension Plans, net of Tax⁽²⁾			Ownership Share of Equity Method Investees’ Other Comprehensive Income (Loss), net of Tax		Cash Flow Hedges, net of Tax			Excluded Component of Fair Value Hedges, net of tax			Net Accumulated Other Comprehensive Income (Loss)
Balance at March 31, 2019	$	(14,350	)	$	793		$	(15,758	)	$	274	$	566		$	(2,249	)	$	(30,724	)
Other comprehensive income (loss) before reclassifications ^{(3) (4)}	494			—			—			—		(7,622		)	(346		)	(7,474		)
Amounts reclassified out of AOCI	(5,281		)	(74		)	326			—		(2,529		)	1,683			(5,875		)
Other comprehensive income (loss)	(4,787		)	(74		)	326			—		(10,151		)	1,337			(13,349		)
Balance at September 30, 2019	$	(19,137	)	$	719		$	(15,432	)	$	274	$	(9,585	)	$	(912	)	$	(44,073	)



	Foreign Currency Translation, net of Tax⁽¹⁾			Post-Retirement Benefit Plan Adjustments, net of Tax			Defined Benefit Pension Plans, net of Tax⁽²⁾			Ownership Share of Equity Method Investees’ Other Comprehensive Income (Loss), net of Tax			Cash Flow Hedges, net of Tax		Excluded Component of Fair Value Hedges, net of Tax		Net Accumulated Other Comprehensive Income (Loss)
Balance at March 31, 2018	$	9,715		$	879		$	(14,831	)	$	285		$	1,154	$	—	$	(2,798	)
Other comprehensive income (loss) before reclassifications	(27,352		)	—			—			(17		)	304		—		(27,065		)
Amounts reclassified out of AOCI	—			(78		)	287			—			446		—		655
Other comprehensive income (loss)	(27,352		)	(78		)	287			(17		)	750		—		(26,410		)
Balance at September 30, 2018	$	(17,637	)	$	801		$	(14,544	)	$	268		$	1,904	$	—	$	(29,208	)

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⁽¹⁾ Due primarily to the Company’s valuation allowance on deferred tax assets, there were no significant deferred tax effects associated with the cumulative currency translation gains and losses during the three and six months ended September 30, 2019 and 2018.

⁽²⁾ Ending balance is net of tax of $2.4 million and $2.2 million as of September 30, 2019 and 2018, respectively.

⁽³⁾ Foreign currency translation, net of tax for the three and six months ended September 30, 2019 includes gains of $4.6 million and $2.6 million, respectively, related to a derivative instrument accounted for as a net investment hedge. Refer to Note 14, Derivatives, for further information.

⁽⁴⁾ Cash flow hedges, net of tax for the three and six months ended September 30, 2019 includes losses of $4.4 million and $11.4 million which were excluded from the assessment of hedge effectiveness.