v3.24.1.1.u2
Derivative Instruments (Tables)
 12 Months Ended
Mar. 31, 2024
Derivative Instruments [Abstract]  
Derivative Financial Instruments Recorded in Consolidated Balance Sheets
The fair value of the Company’s derivative financial instruments recorded in the consolidated balance sheets were as follows:

_
Balance Sheet Location
  
March 31, 2024
    
March 31, 2023
  
Derivatives designated as hedges:
              
Foreign exchange contracts
Other current assets
  
$
0.1
    
$
1.3
  
Commodity derivatives
Other current assets
    
-
      
-
  
                   
Derivatives not designated as hedges:
                  
Foreign exchange contracts
Other current liabilities
  
$
0.3
    
$
0.2
  
Derivative Financial Instruments Designated for Hedge Accounting
The amounts associated with derivative financial instruments that the Company designated for hedge accounting during the years ended March 31 were as follows:

 
Gain (loss) recognized in
other comprehensive income
  
Statement
of Operations
  
Gain (loss) reclassified
from AOCI
  
   
2024
    
2023
    
2022
  
Location
  
2024
    
2023
    
2022
  
Commodity derivatives
  
$
(0.3
)
  
$
(1.6
)
  
$
1.1
  
Cost of sales
  
$
(0.3
)
  
$
(1.0
)
  
$
1.2
  
Foreign exchange contracts
    
0.3
      
1.6
      
-
  
Net sales
    
1.3
      
0.6
      
-
  
Foreign exchange contracts
    
0.1
      
0.4
      
0.6
  
Cost of sales
    
-
      
0.7
      
0.4
  
Total gains
  
$
0.1
    
$
0.4
    
$
1.7
      
$
1.0
    
$
0.3
    
$
1.6
  
Derivative Financial Instruments Not Designated for Hedge Accounting
The amounts associated with derivative financial instruments that the Company did not designate for hedge accounting were as follows:

_

 
Years ended March 31,
  
 _
Statement of Operations Location
  
2024
    
2023
    
2022
  
Foreign exchange contracts
Net sales
  
$
(0.9
)
  
$
(0.5
)
  
$
(0.6
)
Foreign exchange contracts
Other income (expense) - net
    
(1.0
)
    
(2.6
)
    
(0.8
)
Total losses
    
$
(1.9
)
  
$
(3.1
)
  
$
(1.4
)