XML 35 R26.htm IDEA: XBRL DOCUMENT v3.22.2.2
Derivative Instruments (Tables)
6 Months Ended
Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
As of September 30, 2022, the Company has the following derivative contracts recorded at fair value in the condensed consolidated balance sheets:
Designated
Derivative Contracts
Non-Designated Derivative ContractsTotal
Notional value$26,713 $31,044 $57,757 
Fair value recorded in other current assets2,436 1,916 4,352 
Schedule of Location and Amount of Gains and Losses Related to Derivatives Designated as Hedging Instruments
The following table summarizes the effect of Designated Derivative Contracts and the related income tax effects of unrealized gains or losses recorded in the condensed consolidated statements of comprehensive income for changes in AOCL:

Three Months Ended September 30,Six Months Ended September 30,
2022202120222021
Gain recorded in Other comprehensive income$1,805 $2,125 $2,805 $4,049 
Reclassifications from Accumulated other comprehensive loss into net sales(369)(762)(369)(762)
Income tax expense in Other comprehensive income(348)(330)(590)(796)
Total$1,088 $1,033 $1,846 $2,491 
Schedule of Location and Amount of Gains and Losses Related to Derivatives Not Designated as Hedging Instruments
The following table summarizes the effect of Non-Designated Derivative Contracts recorded in the condensed consolidated statements of comprehensive income:

Three Months Ended September 30,Six Months Ended September 30,
2022202120222021
Gain recorded in SG&A expenses$1,836 $413 $1,916 $748