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FOREIGN CURRENCY DERIVATIVES (Tables)
 9 Months Ended
Dec. 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Notional Value of Outstanding Foreign Exchange Currency Contracts
The following table summarizes the notional value of the Company’s outstanding foreign exchange currency contracts and approximate U.S. Dollar ("USD") equivalent at December 31, 2013:
 (in thousands)
Local Currency
 
USD Equivalent
 
Position
 
Maturity
EUR
€
24,000

 
$
33,045

 
Sell EUR
 
1 month
GBP
£
1,300

 
$
2,144

 
Sell GBP
 
1 month
AUD
A$
3,350

 
$
2,971

 
Sell AUD
 
1 month
Effect of Non-Designated Derivative Contracts Recognized in Interest and Other Income, Net
The effect of non-designated derivative contracts on results of operations recognized in interest and other income, net in the condensed consolidated statements of operations was as follows:
 
 
Three Months Ended
 
Nine Months Ended
 
 
December 31,
 
December 31,
(in thousands)
 
2013
 
2012
 
2013
 
2012
Gain (loss) on foreign exchange contracts
 
$
(372
)
 
$
(618
)
 
$
(1,564
)
 
$
202
Notional Value of Outstanding Cross-Currency Swaps
The following table summarizes the notional value of the Company’s outstanding MXN cross-currency swaps and approximate USD Equivalent at December 31, 2013:
 (in thousands)
Local Currency
 
USD Equivalent
 
Position
 
Maturity
MXN
278,350

 
$
21,060

 
Buy MXN
 
Monthly over
12 months
Reclassification out of Accumulated Other Comprehensive Income
The following table presents the pre-tax effects of derivative instruments designated as cash flow hedges on the accumulated other comprehensive income and condensed consolidated statements of income for the three and nine months ended December 31, 2013 and 2012:
 
 
Three Months Ended December 31,
 
Nine Months Ended December 31,
(in thousands)
 
2013
 
2012
 
2013
 
2012
Gain (loss) included in AOCI as of beginning of period
 
$
(2,373
)
 
$
717

 
$
1,371

 
$
1,937

 
 
 
 
 
 
 
 
 
Amount of gain (loss) recognized in OCI (effective portion)
 
(222
)
 
(961
)
 
(3,869
)
 
587

 
 
 
 
 
 
 
 
 
Amount of gain (loss) reclassified from OCI into net revenues (effective portion)
 
(116
)
 
266

 
(262
)
 
3,329

Amount of gain (loss) reclassified from OCI into cost of revenues (effective portion)
 
(64
)
 
404

 
179

 
109

Total amount of gain (loss) reclassified from AOCI to income (loss) (effective portion)
 
(180
)
 
670

 
(83
)
 
3,438

 
 
 
 
 
 
 
 
 
Loss included in AOCI as of end of period
 
$
(2,415
)
 
$
(914
)
 
$
(2,415
)
 
$
(914
)