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Basis of Financial Statement Presentation (Tables)
9 Months Ended
Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Contract with customer, asset and liability .
Schedule of assets and liabilities measured at fair value on a recurring basis
Assets and liabilities measured at fair value on a recurring basis as of December 31, 2019 and March 31, 2019 are as follows (amounts in thousands):
 
Carrying Value December 31,
 
Fair Value December 31,
 
Fair Value Measurement Using
 
Carrying Value March 31,
 
Fair Value March 31,
 
Fair Value Measurement Using
 
2019
 
2019
 
Level 1
 
Level 2 (3)
 
Level 3
 
2019
 
2019
 
Level 1
 
Level 2 (3)
 
Level 3
Assets (Liabilities):
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Money markets (1)(2)
$
33,694

 
$
33,694

 
$
33,694

 
$

 
$

 
$
60,687

 
$
60,687

 
$
60,687

 
$

 
$

Derivative assets
3,193

 
3,193

 

 
3,193

 

 
5,141

 
5,141

 
 
 
5,141

 
 
Derivative liabilities
(3,376
)
 
(3,376
)
 

 
(3,376
)
 

 

 

 

 

 

Total debt
(311,778
)
 
(321,492
)
 

 
(321,492
)
 

 
(294,471
)
 
(303,170
)
 

 
(303,170
)
 

___________________
(1) Included in the line item “Cash and cash equivalents” on the Condensed Consolidated Balance Sheets.
(2) Certificates of Deposit of $16.7 million and $32.2 million that mature in three months or less are included within the balance as of December 31, 2019 and March 31, 2019, respectively.
(3) Derivative assets and liabilities fair value was determined by using a third-party matrix-pricing model that uses significant inputs derived from or corroborated by observable market data. Where applicable, these models discount future cash flow amounts using market-based observable inputs, including interest rate yield curves, and forward and spot prices for currencies. For total debt, the valuation approach used to calculate fair value was a discounted cash flow based on the current market rate.
Schedule of components of inventories
Inventories are stated at the lower of cost or net realizable value. The components of inventories are as follows (amounts in thousands):
 
December 31, 2019
 
March 31, 2019
Raw materials and supplies
$
104,676

 
$
97,119

Work in process
91,317

 
71,374

Finished goods
87,426

 
88,175

Subtotal
283,419

 
256,668

Inventory reserves
(20,296
)
 
(15,539
)
Inventories, net
$
263,123

 
$
241,129