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Stockholders' Equity (Tables)
 12 Months Ended
Mar. 31, 2015
Number of Authorized and Issued Common Stock and Preferred Stock

The number of authorized and issued common stock and preferred stock at March 31, are as follows:

 

      2015      2014  

Common stock shares authorized

      125,000,000         125,000,000   

Common stock par value

      $0.10         $0.10   

Common stock shares issued

      47,029,359         49,730,442   

Preferred stock shares authorized

      3,000,000         3,000,000   

Preferred stock par value

      No par         No par   

Preferred stock shares issued

      —         —   
Schedule of Common Stock Repurchased and Average Price Paid Per Share

The value of common stock repurchased, along with number of shares repurchased, and average price paid per share for the years ended March 31, are as follows:

 

(In thousands, except share and per share data)    2015      2014      2013        

Aggregate cost of common stock repurchased

    $         99,999         —         85,034      

Shares of common stock repurchased

      2,841,976         —         1,856,900      

Average price paid per common share

    $         35.19         —         45.79        
Schedule of Dividends Declared

The Board of Directors declared the following dividends for the years ended March 31, are as follows:

 

(In thousands, except per share data)    2015      2014      2013        

Dividends declared

    $         49,127         49,973         49,766      

Dividend per share

      1.00         1.00         1.00        
Changes in Accumulated Other Comprehensive Income by Component, Net of Tax

The changes in accumulated other comprehensive income by component, net of tax for the years ended March 31, are as follows:

 

     For the year ended March 31, 2014     For the year ended March 31, 2015      
(in thousands)   

Balance

at

3/31/13

    

Gains/(losses)
recognized

in OCI

     Reclasses
from OCI to
net income		     

Net

period

OCI

      Remaining
balance
3/31/14		    

Balance

at

3/31/14

    

Gains/(losses)
recognized

in OCI

     Reclasses
from OCI to
net income		      Net
period
OCI		     Remaining
balance
3/31/15		       

Available for sale securities

      (121 )      (92 )      305         213         92        92        (64 )      207         143        235     

Currency translation adjustment

      (9,811 )      —        —         —         (9,811 )      (9,811 )      —        —         —        (9,811 )   

Pension/Post-retirement benefits

      (4,353 )      4,237        —         4,237         (116 )      (116 )      (9,013 )      —         (9,013 )      (9,129 )   

Interest rate swap

      (2,856 )      —        466         466         (2,390 )      (2,390 )      —        717         717        (1,673 )     

Total

      (17,141 )      4,145        771         4,916         (12,225 )      (12,225 )      (9,077 )      924         (8,153 )      (20,378 )   

 
Reclassifications from Accumulated Other Comprehensive Loss to Condensed Consolidated Statement of Income

The following table summarizes the reclassifications from accumulated other comprehensive loss to the condensed consolidated statement of income for the years ended March 31,

 

     Year Ended
March 31,		     

Affected line item in the condensed

consolidated statements of income

     
(In thousands)    2015      2014           

Realized gains on available for sale securities

    $ 207         469       Interest income and other, net   

Amortization of interest rate swap

      717         717       Interest and other debt costs     

Total pre-tax amounts

      924         1,186         

Tax effect

      —         415             

Total gains for the period, net of tax

    $ 924         771