Stockholders' Equity

15. Stockholders' Equity

Preferred Stock and Common Stock

The Company's certificate of incorporation authorizes the issuance of up to 1,000,000 shares of preferred stock, par value $0.01 per share ("Preferred Stock"). At March 31, 2011 and 2010, no shares of Preferred Stock were issued or outstanding. The Board of Directors of the Company has the authority to specify the terms of any Preferred Stock at the time of issuance.

The following demonstrates the change in the number of shares of Common Stock outstanding during fiscal 2011:


	Fiscal Year ended March 31, 2011
Shares outstanding as of beginning of period		48,581,832
Shares issued as part of equity-based compensation plans, net of equity awards surrendered for option price and taxes		1,452,521

Shares outstanding as of end of period		50,034,353

Treasury Stock

On October 30, 2008, the Company completed the purchase of 1,800,000 shares of its common stock at $11.00 per common share for $19,800 in the aggregate from an institutional shareholder and recorded the same as treasury stock as of March 31, 2011 and 2010, respectively.

Accumulated Other Comprehensive Income

The components of accumulated other comprehensive income are as follows:


	Beginning Balance			Before-Tax Amount			Tax Benefit (Expense)			Net-of-Tax Amount			Ending Balance
March 31, 2011
Pension funded status adjustment	$	(5,479	)	$	2,761		$	(794	)	$	1,967		$	(3,512	)
Unrealized gain (loss) on derivative instruments		(5,034	)		14,721			(5,251	)		9,470			4,436
Foreign currency translation adjustment		77,717			36,539			—			36,539			114,256

Accumulated other comprehensive income	$	67,204		$	54,021		$	(6,045	)	$	47,976		$	115,180

March 31, 2010
Pension funded status adjustment	$	(4,794	)	$	(318	)	$	(367	)	$	(685	)	$	(5,479	)
Unrealized gain (loss) on derivative instruments		(7,660	)		4,047			(1,421	)		2,626			(5,034	)
Foreign currency translation adjustment		46,509			31,208			—			31,208			77,717

Accumulated other comprehensive income	$	34,055		$	34,937		$	(1,788	)	$	33,149		$	67,204

March 31, 2009
Pension funded status adjustment	$	(5,338	)	$	392		$	152		$	544		$	(4,794	)
Unrealized gain (loss) on derivative instruments		(8,910	)		1,925			(675	)		1,250			(7,660	)
Foreign currency translation adjustment		177,161			(130,652	)		—			(130,652	)		46,509

Accumulated other comprehensive income	$	162,913		$	(128,335	)	$	(523	)	$	(128,858	)	$	34,055

- Definition

Disclosures related to accounts comprising shareholders' equity, including other comprehensive income. Includes: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables; effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.

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