v3.25.2
Derivative Instruments and Hedging Activities (Tables)
 3 Months Ended
Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments Outstanding
As of June 30, 2025, the Company had the following outstanding forward foreign exchange contracts (all outstanding contracts have maturities of less than 21 months from June 30, 2025):

June 30, 2025
Foreign CurrencyForeign Currency AmountUS Dollar AmountWeighted Average Exchange Rate Per $1 USD
 (Amounts in millions)(Amounts in millions)
Euro109.7 EURin exchange for118.3 USD0.93 EUR
Australian Dollar4.8 AUDin exchange for3.1 USD1.55 AUD
Canadian Dollar32.0 CADin exchange for23.0 USD1.39 CAD
Mexican Peso69.5 MXNin exchange for3.4 USD20.52 MXN
South African Rand50.0 ZARin exchange for2.5 USD19.66 ZAR
Hungarian Forint6,000.0 HUFin exchange for15.8 USD379.00 HUF
Thai Bhat385.4 THBin exchange for11.8 USD32.56 THB
New Zealand Dollar23.2 NZDin exchange for14.0 USD19.66 NZD
Designated Cash Flow Hedges. As of June 30, 2025, the Company had the following pay-fixed interest rate swaps, which were designated as cash flow hedges outstanding (all related to the Company’s SOFR-based debt, see Note 7 and Note 8):

Effective Date Notional Amount  Fixed Rate Paid  Maturity Date
 (in millions)
August 15, 2024$65.0 4.045%September 15, 2026
August 15, 2024$77.5 3.803%August 15, 2026
August 15, 2024$77.5 3.810%September 15, 2026
December 15, 2024$125.0 3.970%December 15, 2026
January 31, 2025$100.0 4.060%January 31, 2027
February 14, 2025$282.8 4.097%February 14, 2027
April 14, 2025$100.0 3.449%April 14, 2027
April 14, 2025$48.8 3.646%April 14, 2027
Total$876.6 
Schedule of Derivative Instruments, Statements of Financial Performance And Comprehensive Income (Loss), Location And Effect The following table presents the pre-tax effect of the Company’s derivatives on the accompanying unaudited condensed consolidated statements of operations and comprehensive loss for the three months ended June 30, 2025 and 2024:
Three Months Ended
June 30,
20252024
 (Amounts in millions)
Derivatives designated as cash flow hedges:
Forward exchange contracts
Gain (loss) recognized in accumulated other comprehensive income$(3.5)$0.2 
Loss reclassified from accumulated other comprehensive income into direct operating expense$— $(1.0)
Interest rate swaps
Gain recognized in accumulated other comprehensive income$0.2 $3.5 
Gain reclassified from accumulated other comprehensive income into interest expense$0.8 $10.9 
Derivatives not designated as cash flow hedges:
Interest rate swaps
Gain (loss) reclassified from accumulated other comprehensive income into interest expense$6.6 $(1.6)
Total direct operating expense on consolidated statements of operations$339.0 $287.9 
Total interest expense on consolidated statements of operations$68.7 $63.5 
Schedule of Derivative Instruments by Balance Sheet Location
As of June 30, 2025 and March 31, 2025, the Company had the following amounts recorded in the accompanying unaudited condensed consolidated balance sheets related to the Company’s use of derivatives:
June 30, 2025
Other Assets (current)Other Assets (non-current)Other Accrued Liabilities (current)Other Liabilities (non-current)
 (Amounts in millions)
Derivatives designated as cash flow hedges:
Forward exchange contracts$1.5 $— $3.4 $— 
Interest rate swaps— — — 3.7 
Fair value of derivatives$1.5 $— $3.4 $3.7 

March 31, 2025
Other Assets
(current)		Other Liabilities
(non-current)
 (Amounts in millions)
Derivatives designated as cash flow hedges:
Forward exchange contracts$1.8 $— 
Interest rate swaps— 3.1 
Fair value of derivatives$1.8 $3.1