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FOREIGN CURRENCY DERIVATIVES (Tables)
 12 Months Ended
Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Offsetting Financial Assets Under Master Netting Agreements
As of March 31, 2017:
 
Gross Amount of Derivative Assets Presented in the Consolidated Balance Sheets
Gross Amounts Not Offset in the Consolidated Balance Sheet that are Subject to Master Netting Agreements
 
(in thousands)
Gross Amount of Eligible Offsetting Recognized Derivative Liabilities
Cash Collateral Received
Net Amount of Derivative Assets
Derivatives subject to master netting agreements
$
2,120

$
(1,395
)
$
—

$
725

Derivatives not subject to master netting agreements
—

 
 
—

Total
$
2,120

 
 
$
725

As of March 31, 2018:
 
Gross Amount of Derivative Assets Presented in the Consolidated Balance Sheets
Gross Amounts Not Offset in the Consolidated Balance Sheet that are Subject to Master Netting Agreements
 
(in thousands)
Gross Amount of Eligible Offsetting Recognized Derivative Liabilities
Cash Collateral Received
Net Amount of Derivative Assets
Derivatives subject to master netting agreements
$
772

$
(772
)
$
—

$
—

Derivatives not subject to master netting agreements
—

 
 
—

Total
$
772

 
 
$
—
Offsetting Financial Liabilities Under Master Netting Agreements
 
Gross Amount of Derivative Liabilities Presented in the Consolidated Balance Sheets
Gross Amounts Not Offset in the Consolidated Balance Sheet that are Subject to Master Netting Agreements
 
(in thousands)
Gross Amount of Eligible Offsetting Recognized Derivative Assets
Cash Collateral Received
Net Amount of Derivative Liabilities
Derivatives subject to master netting agreements
$
(1,395
)
$
1,395

$
—

$
—

Derivatives not subject to master netting agreements
—

 
 
—

Total
$
(1,395
)
 
 
$
—

 
Gross Amount of Derivative Liabilities Presented in the Consolidated Balance Sheets
Gross Amounts Not Offset in the Consolidated Balance Sheet that are Subject to Master Netting Agreements
 
(in thousands)
Gross Amount of Eligible Offsetting Recognized Derivative Assets
Cash Collateral Received
Net Amount of Derivative Liabilities
Derivatives subject to master netting agreements
$
(3,037
)
$
772

$
—

$
(2,265
)
Derivatives not subject to master netting agreements
—

 
 
—

Total
$
(3,037
)
 
 
$
(2,265
)
Notional Amounts of Outstanding Foreign Exchange Contracts and Approximate U.S. Dollar Equivalent
The notional value of the Company's outstanding EUR and GBP option and forward contracts at the end of each period was as follows:
(in millions)
 
March 31, 2017
 
March 31, 2018
 
 
EUR
 
GBP
 
EUR
 
GBP
Option contracts
 
€73.5
 
£23.9
 
€77.8
 
£23.7
Forward contracts
 
€11.2
 
£3.3
 
€16.7
 
£3.7
The following table summarizes the notional value of the Company’s outstanding foreign exchange currency contracts and approximate U.S. Dollar ("USD") equivalent at March 31, 2018:
 
Local Currency
 
USD Equivalent
 
Position
 
Maturity
 
(in thousands)
 
(in thousands)
 
 
 
 
EUR
€
32,050

 
$
39,557

 
Sell EUR
 
1 month
GBP
£
10,900

 
$
15,313

 
Sell GBP
 
1 month
AUD
A$
13,600

 
$
10,456

 
Sell AUD
 
1 month
CAD
C$
2,500

 
$
1,939

 
Sell CAD
 
1 month
Effect of Non-Designated Derivative Contracts On Results of Operations Recognized in Interest and Other Income (Expense), Net in Statements of Operations
The effect of non-designated derivative contracts on results of operations recognized in other non-operating income and (expense), net in the consolidated statements of operations was as follows:
 
 
Fiscal Year Ended March 31,
(in thousands)
 
2016
 
2017
 
2018
Gain on foreign exchange contracts
 
$
494

 
$
4,599

 
$
7,405
Notional Value of Outstanding Currency Swaps and Approximate U.S. Dollar Equivalent
The following table summarizes the notional value of the Company's outstanding MXN currency swaps and approximate USD Equivalent at March 31, 2018:
 
 
Local Currency
 
USD Equivalent
 
Position
 
Maturity
 
 
(in thousands)
 
(in thousands)
 
 
 
 
 
MX$
 
31,830

 
$
1,599

 
Buy MXN
 
Monthly over
3 months
Balance of Designated Derivative Contracts and the Pre-Tax Impact on Accumulated Other Comprehensive Income
The following table presents the pre-tax effects of derivative instruments designated as cash flow hedges on AOCI and the consolidated statements of operations for fiscal years ended March 31, 2016, 2017, and 2018:
(in thousands)
 
2016
 
2017
 
2018
Gain (loss) included in AOCI as of beginning of period
 
$
5,705

 
$
(1,106
)
 
$
541

 
 
 
 
 
 
 
Amount of gain (loss) recognized in OCI (effective portion)
 
(3,786
)
 
3,095

 
(6,741
)
 
 
 
 
 
 
 
Amount of (gain) loss reclassified from OCI into net revenues (effective portion)
 
(7,826
)
 
(4,111
)
 
4,715

Amount of (gain) loss reclassified from OCI into cost of revenues (effective portion)
 
4,801

 
2,663

 
(208
)
Total amount of (gain) loss reclassified from AOCI to consolidated statements of operations (effective portion)
 
(3,025
)
 
(1,448
)
 
4,507

 
 
 
 
 
 
 
Gain (loss) included in AOCI as of end of period
 
$
(1,106
)
 
$
541

 
$
(1,693
)