Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.6.0.2
Fair Value Measurements (Tables)
 9 Months Ended
Dec. 31, 2016
Fair Value Disclosures [Abstract]  
Schedule of long-term debt that is not measured at fair value
Information about our investments and long-term debt that is not measured at fair value is as follows:
 
December 31, 2016
 
March 31, 2016
 
 
 
Carrying
Value
 
Fair Value
 
Carrying
Value
 
Fair Value
 
Valuation Technique
Financial Assets
 
 
 

 
 

 
 

 
 
Certificates of deposits with maturities greater than 90 days
$
36,972

 
$
36,972

 
$
—

 
$
—

 
Level 2 - Market Approach
Financial Liabilities
 

 
 

 
 

 
 

 
 
Outstanding principal amount of senior secured credit facility
$
84,375

 
$
84,375

 
$
94,500

 
$
94,500

 
Level 2 - Market Approach
 
Schedule of notional amounts of forward contracts held in foreign currencies
As of December 31, 2016 and March 31, 2016, the notional amounts of forward contracts were as follows:
Notional amount of foreign currency forward contracts by currency
 
December 31, 2016
 
March 31, 2016
Russian Ruble
$
1,200

 
$
1,237

Euro
1,450

 
4,224

Canadian Dollar
—

 
534

South Korean Won
4,100

 
3,050

Mexican Peso
375

 
837

Australian Dollar
660

 
1,042

Chinese Renminbi
—

 
334

Brazilian Real
—

 
336

South African Rand
—

 
317

Total notional amounts
$
7,785

 
$
11,911

Schedule of fair value of foreign currency forward contracts
The following table represents the fair value of our foreign currency forward contracts:
 
 
December 31, 2016
 
March 31, 2016
 
 
Fair Value
 
Fair Value
 
 
Assets
Liabilities
 
Assets
Liabilities
Foreign currency forward contracts
 
$
—

$
236

 
$
5

$
25

Schedule of unrealized gain (loss) in accumulated other comprehensive loss
The following table summarizes the aggregate unrealized loss in accumulated other comprehensive loss, and the losses reclassified into earnings for the three months ended December 31, 2016 and 2015:
 
 Three Months Ended December 31, 2016
 
 Three Months Ended December 31, 2015
 
Before Tax Amount
 
Tax Expense (Benefit)
 
Other Comprehensive loss, net
 
Before Tax Amount
 
Tax Expense (Benefit)
 
Other Comprehensive loss, net
Unrealized loss at beginning of the period
$
(1,023
)
 
$
(358
)
 
$
(665
)
 
$
(956
)
 
$
(335
)
 
$
(621
)
Add: gain from change in fair value of cash flow hedge
626

 
219

 
407

 
340

 
119

 
221

Less: loss reclassified into earnings from effective hedge
(125
)
 
(44
)
 
(81
)
 
(222
)
 
(78
)
 
(144
)
Less: ineffective portion of hedge transferred into earnings
(11
)
 
(4
)
 
(7
)
 
(11
)
 
(4
)
 
(7
)
Unrealized loss at end of the period
$
(261
)
 
$
(91
)
 
$
(170
)
 
$
(383
)
 
$
(134
)
 
$
(249
)
The following table summarizes the aggregate unrealized loss in accumulated other comprehensive loss, and the losses reclassified into earnings for the nine months ended December 31, 2016 and 2015:
 
Nine Months Ended December 31, 2016
 
Nine Months Ended December 31, 2015
 
Before Tax Amount
 
Tax Expense (Benefit)
 
Other Comprehensive loss, net
 
Before Tax Amount
 
Tax Expense (Benefit)
 
Other Comprehensive loss, net
Unrealized loss at beginning of the period
$
(1,269
)
 
$
(444
)
 
$
(825
)
 
$
(746
)
 
$
(261
)
 
$
(485
)
Add: gain (loss) from change in fair value of cash flow hedge
551

 
192

 
359

 
(380
)
 
(133
)
 
(247
)
Less: loss reclassified into earnings from effective hedge
(424
)
 
(149
)
 
(275
)
 
(710
)
 
(248
)
 
(462
)
Less: ineffective portion of hedge transferred into earnings
(33
)
 
(12
)
 
(21
)
 
(33
)
 
(12
)
 
(21
)
Unrealized loss at end of the period
$
(261
)
 
$
(91
)
 
$
(170
)
 
$
(383
)
 
$
(134
)
 
$
(249
)