Stockholders' Equity and Noncontrolling Interests (Tables)

12 Months Ended

Mar. 31, 2019

Stockholders' Equity and Noncontrolling Interests [Abstract]

Change in Number of Shares of Common Stock Outstanding

The following summarizes the change in the number of shares of common stock outstanding during fiscal years ended March 31, 2017, 2018 and 2019, respectively:




Shares outstanding as of March 31, 2016	43,189,502
Shares issued under equity-based compensation plans, net of equity awards surrendered for option price and taxes	258,034
Shares outstanding as of March 31, 2017	43,447,536
Purchase of treasury stock	(1,756,831	)
Shares issued under equity-based compensation plans, net of equity awards surrendered for option price and taxes	224,295
Shares outstanding as of March 31, 2018	41,915,000
Purchase of treasury stock	(726,347	)
Shares issued towards purchase consideration of Alpha acquisition	1,177,630
Shares issued under equity-based compensation plans, net of equity awards surrendered for option price and taxes	254,467
Shares outstanding as of March 31, 2019	42,620,750

Components Of Accumulated Other Comprehensive Income

The components of AOCI, net of tax, are as follows:



	Beginning Balance			Before Reclassifications			Amount Reclassified from AOCI			Ending Balance
March 31, 2019
Pension funded status adjustment	$	(22,503	)	$	339		$	1,373		$	(20,791	)
Net unrealized gain (loss) on derivative instruments	(3,425		)	(8,396		)	11,691			(130		)
Foreign currency translation adjustment	(15,789		)	(105,972		)	—			(121,761		)
Accumulated other comprehensive loss	$	(41,717	)	$	(114,029	)	$	13,064		$	(142,682	)
March 31, 2018
Pension funded status adjustment	$	(25,555	)	$	1,692		$	1,360		$	(22,503	)
Net unrealized gain (loss) on derivative instruments	1,975			(2,868		)	(2,532		)	(3,425		)
Foreign currency translation adjustment	(129,244		)	113,455			—			(15,789		)
Accumulated other comprehensive loss	$	(152,824	)	$	112,279		$	(1,172	)	$	(41,717	)
March 31, 2017
Pension funded status adjustment	$	(21,861	)	$	(4,659	)	$	965		$	(25,555	)
Net unrealized gain (loss) on derivative instruments	388			5,523			(3,936		)	1,975
Foreign currency translation adjustment	(75,876		)	(53,368		)	—			(129,244		)
Accumulated other comprehensive loss	$	(97,349	)	$	(52,504	)	$	(2,971	)	$	(152,824	)

Reclassification out of Accumulated Other Comprehensive Income

The following table presents reclassifications from AOCI during the twelve months ended March 31, 2019:



Components of AOCI	Amounts Reclassified from AOCI			Location of (Gain) Loss Recognized on Income Statement
Derivatives in Cash Flow Hedging Relationships:
Net unrealized loss on derivative instruments	$	15,281		Cost of goods sold
Tax benefit	(3,590		)
Net unrealized loss on derivative instruments, net of tax	$	11,691

Defined benefit pension costs:
Prior service costs and deferrals	$	1,704		Net periodic benefit cost, included in other (income) expense, net - See Note 1 and 14
Tax benefit	(331		)
Net periodic benefit cost, net of tax	$	1,373

Summary of Redeemable Noncontrolling Interests

The following demonstrates the change in redeemable noncontrolling interests during the fiscal year ended March 31, 2017:




Balance as of March 31, 2016	$	5,997
Net losses attributable to redeemable noncontrolling interests	(2,021		)
Deconsolidation of joint venture	(4,035		)
Foreign currency translation adjustment	59
Balance as of March 31, 2017	$	—