Foreign Currency Exchange Contracts and Hedging

9 Months Ended

Dec. 31, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Foreign Currency Exchange Contracts and Hedging

Foreign Currency Exchange Contracts and Hedging

As of December 31, 2014, the Company had no foreign currency forward contracts designated as cash-flow hedges and had no non-designated derivative contracts. At March 31, 2014, the Company had foreign currency forward contracts designated as cash-flow hedges with notional amounts totaling approximately $64,000, held by four counterparties.

The following table summarizes the effect of foreign exchange contracts designated as cash flow hedging relationships on the condensed consolidated financial statements:

For the Nine Months Ended  December 31,	Amount of Gain (Loss) Recognized in OCI/L on Derivative (Effective Portion)			Location of Gain (Loss) Reclassified from AOCI/L into Income (Effective Portion)	Reclassified from AOCI/L into Income (Effective Portion)		Location of Amount Excluded from Effectiveness Testing	Gain (Loss) from Amount Excluded from Effectiveness Testing
2014	$	2,053		Net sales	$	1,226	SG&A	$	(79	)
2013	$	(3,253	)	Net sales	$	17	SG&A	$	22

The following table summarizes the effect of foreign exchange contracts not designated as hedging instruments on the condensed consolidated financial statements:

For the Nine Months Ended  December 31,	Location of Gain (Loss) Recognized in Income (Loss) on Derivatives	Amount of Gain (Loss) Recognized in Income (Loss) on Derivatives
2014	SG&A	$	5,909
2013	SG&A	$	727

Subsequent to December 31, 2014, the Company entered into non-designated derivative contracts with notional amounts totaling approximately $54,000, held by five counterparties.