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Foreign Currency Exchange Contracts and Hedging (Tables)
6 Months Ended
Sep. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of location and amount of gains and losses related to derivatives designated as hedging instruments reported in consolidated financial statements
The following table summarizes the effect of Designated Derivative Contracts:
 
Three Months Ended September 30,
 
2017
 
2016
Amount of (loss) gain recognized in other comprehensive income (loss) on derivative instruments (effective portion)
$(3,900)
 
$439
Location of amount reclassified from accumulated other comprehensive loss into income (effective portion)
Net Sales
 
Net Sales
Amount of (loss) gain reclassified from accumulated other comprehensive loss into income (effective portion)
$(2,283)
 
$1,851
Location of amount excluded from effectiveness testing
Selling, general and administrative expenses
 
Selling, general and administrative expenses
Amount of gain excluded from effectiveness testing
$439
 
$163


 
Six Months Ended September 30,
 
2017
 
2016
Amount of (loss) gain recognized in other comprehensive income (loss) on derivative instruments (effective portion)
$(9,790)
 
$4,903
Location of amount reclassified from accumulated other comprehensive loss into income (effective portion)
Net Sales
 
Net Sales
Amount of (loss) gain reclassified from accumulated other comprehensive loss into income (effective portion)
$(2,283)
 
$1,676
Location of amount excluded from effectiveness testing
Selling, general and administrative expenses
 
Selling, general and administrative expenses
Amount of gain excluded from effectiveness testing
$772
 
$355
As of September 30, 2017, the Company had total notional value of $165,504 for foreign currency exchange rate forward contracts, which included the following:
 
Designated Derivative Contracts
 
Non-Designated Derivative Contracts
Notional amount
$88,815
 
$76,689
Fair value recorded in other current assets
 
509
Fair value recorded in other current liabilities
(5,583)
 
(3,177)
Schedule of location and amount of gains and losses related to derivatives not designated as hedging instruments reported in consolidated financial statements
The following table summarizes the effect of Non-Designated Derivative Contracts:
 
Three Months Ended September 30,
 
2017
 
2016
Location of amount recognized in income on derivative instruments
Selling, general and administrative expenses
 
Selling, general and administrative expenses
Amount of loss recognized in income on derivative instruments
$(1,065)
 
$(290)

 
Six Months Ended September 30,
 
2017
 
2016
Location of amount recognized in income on derivative instruments
Selling, general and administrative expenses
 
Selling, general and administrative expenses
Amount of loss recognized in income on derivative instruments
$(2,668)
 
$(881)