Foreign Currency Exchange Contracts and Hedging

12 Months Ended

Mar. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Foreign Currency Exchange Contracts and Hedging

Foreign Currency Exchange Contracts and Hedging

The Company had foreign currency forward contracts designated as cash-flow hedges with notional amounts totaling approximately $46,000, $64,000 and $77,000as of March 31, 2015 and 2014, and December 31, 2013, respectively. These contracts were held by four counterparties and, as of March 31, 2015, were expected to mature over the next 12 months.

The nonperformance risk of the Company and the counterparties did not have a material impact on the fair value of the derivatives. During the year ended March 31, 2015, the ineffective portion relating to these hedges was immaterial and the hedges remained effective as of March 31, 2015. The effective portion of the gain or loss on the derivative is reported in other comprehensive income (loss) and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. As of March 31, 2015, the total amount in accumulated other comprehensive income (loss) (see Note 10) was expected to be reclassified into income within the next 15 months.

Subsequent to March 31, 2015, the Company entered into non-designated derivative contracts with notional amounts totaling approximately $42,000 and designated derivative contracts with notional amounts totaling approximately $31,000. All derivative contracts were held by six counterparties.

The following tables summarize the effect of derivative instruments on the consolidated financial statements:

	Year ended	Quarter ended (transition period)	Year ended
	3/31/2015	3/31/2014	12/31/2013
Derivatives in Designated Cash Flow Hedging Relationships	Foreign Exchange Contracts	Foreign Exchange Contracts	Foreign Exchange Contracts
Amount of Gain (Loss) Recognized in OCI on Derivative (Effective Portion)	$1,556	$(47)	$(779)
Location of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	Net Sales	Net Sales	Net Sales
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	$1,226	$(283)	$17
Location of Amount Excluded from Effectiveness Testing	SG&A expenses	SG&A expenses	SG&A expenses
Gain (Loss) from Amount Excluded from Effectiveness Testing	$(69)	$(31)	$(11)

	Year ended	Quarter ended (transition period)	Year ended
	3/31/2015	3/31/2014	12/31/2013
Derivatives Not Designated as Hedging Instruments	Foreign Exchange Contracts	Foreign Exchange Contracts	Foreign Exchange Contracts
Location of Gain (Loss) Recognized in Income on Derivatives	SG&A expenses	SG&A expenses	SG&A expenses
Amount of Gain Recognized in Income on Derivatives	$6,383	$—	$728