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Stockholders' Equity and Noncontrolling Interests | 9 Months Ended
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Dec. 30, 2018
Equity [Abstract] |
Stockholders' Equity and Noncontrolling Interests | Stockholders’ Equity and Noncontrolling Interests Common Stock The following demonstrates the change in the number of shares of common stock outstanding during the nine months ended December 30, 2018:
Shares outstanding as of March 31, 2018 |  | 41,915,000 |
Purchase of treasury stock |  | (298,003 | )
Shares issued towards purchase consideration of Alpha acquisition |  | 1,177,630 |
Shares issued towards equity-based compensation plans, net of equity awards surrendered for option price and taxes |  | 253,081 |
Shares outstanding as of December 30, 2018 |  | 43,047,708 |
Treasury Stock During the third quarter ended December 30, 2018, the Company purchased 298,003 shares for $25,000. The Company reissued 1,177,630 shares from its treasury stock to satisfy $100,000 of the total purchase consideration of $750,000, for the acquisition. At December 30, 2018 and March 31, 2018, the Company held 11,800,478 and 12,680,105 shares as treasury stock, respectively. Accumulated Other Comprehensive Income (“AOCI ”) The components of AOCI, net of tax, as of December 30, 2018 and March 31, 2018, are as follows:
|  | March 31, 2018 |  | Before Reclassifications |  | Amounts Reclassified from AOCI |  | December 30, 2018
Pension funded status adjustment |  | $ | (22,503 | ) |  | $ | — |  |  | $ | 804 |  |  | $ | (21,699 | )
Net unrealized (loss) gain on derivative instruments |  | (3,425 | ) |  | (7,806 | ) |  | 7,364 |  |  | (3,867 | )
Foreign currency translation adjustment |  | (15,789 | ) |  | (101,452 | ) |  | — |  |  | (117,241 | )
Accumulated other comprehensive (loss) income |  | $ | (41,717 | ) |  | $ | (109,258 | ) |  | $ | 8,168 |  |  | $ | (142,807 | )
The following table presents reclassifications from AOCI during the third quarter ended December 30, 2018:
Components of AOCI |  | Amounts Reclassified from AOCI |  | Location of (Gain) Loss Recognized on Income Statement
Derivatives in Cash Flow Hedging Relationships: |  |  |  |
Net loss on cash flow hedging derivative instruments |  | $ | 6,103 |  |  | Cost of goods sold
Tax benefit |  | (1,434 | ) |  |
Net loss on derivative instruments, net of tax |  | $ | 4,669 |  |  |
Defined benefit pension costs: |  |  |  |
Prior service costs and deferrals |  | $ | 345 |  |  | Net periodic benefit cost, included in other (income) expense, net - See Note 1 and 11
Tax benefit |  | (141 | ) |  |
Net periodic benefit cost, net of tax |  | $ | 204 |  |  |
The following table presents reclassifications from AOCI during the third quarter ended December 31, 2017:
Components of AOCI |  | Amounts Reclassified from AOCI |  | Location of (Gain) Loss Recognized on Income Statement
Derivatives in Cash Flow Hedging Relationships: |  |  |  |
Net loss on cash flow hedging derivative instruments |  | $ | (455 | ) |  | Cost of goods sold
Tax benefit |  | 168 |  |  |
Net loss on derivative instruments, net of tax |  | $ | (287 | ) |  |
Defined benefit pension costs: |  |  |  |
Prior service costs and deferrals |  | $ | 434 |  |  | Net periodic benefit cost, included in other (income) expense, net - See Note 1 and 11
Tax benefit |  | (103 | ) |  |
Net periodic benefit cost, net of tax |  | $ | 331 |  |  |
The following table presents reclassifications from AOCI during the nine months ended December 30, 2018:
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 |  | $ | 9,625 |  |  | Cost of goods sold
Tax benefit |  | (2,261 | ) |  |
Net unrealized loss on derivative instruments, net of tax |  | $ | 7,364 |  |  |
Defined benefit pension costs: |  |  |  |
Prior service costs and deferrals |  | $ | 1,053 |  |  | Net periodic benefit cost, included in other (income) expense, net - See Note 1 and 11
Tax benefit |  | (249 | ) |  |
Net periodic benefit cost, net of tax |  | $ | 804 |  |  |
The following table presents reclassifications from AOCI during the nine months quarter ended December 31, 2017:
Components of AOCI |  | Amounts Reclassified from AOCI |  | Location of (Gain) Loss Recognized on Income Statement
Derivatives in Cash Flow Hedging Relationships: |  |  |  |
Net loss on cash flow hedging derivative instruments |  | $ | 537 |  |  | Cost of goods sold
Tax benefit |  | (199 | ) |  |
Net loss on derivative instruments, net of tax |  | $ | 338 |  |  |
Defined benefit pension costs: |  |  |  |
Prior service costs and deferrals |  | $ | 1,304 |  |  | Net periodic benefit cost, included in other (income) expense, net - See Note 1 and 11
Tax benefit |  | (308 | ) |  |
Net periodic benefit cost, net of tax |  | $ | 996 |  |  |
The following demonstrates the change in equity attributable to EnerSys stockholders and nonredeemable noncontrolling interests during the nine months ended December 30, 2018:
|  | Equity Attributable to EnerSys Stockholders |  | Nonredeemable Noncontrolling Interests |  | Total Equity
Balance as of March 31, 2018 |  | $ | 1,195,675 |  |  | $ | 5,436 |  |  | $ | 1,201,111 |
Total comprehensive income: |  |  |  |  |  |
Net earnings |  | 141,701 |  |  | 380 |  |  | 142,081 |
Net unrealized loss on derivative instruments, net of tax |  | (442 | ) |  | — |  |  | (442 | )
Pension funded status adjustment, net of tax |  | 804 |  |  | — |  |  | 804 |
Foreign currency translation adjustment |  | (101,452 | ) |  | (638 | ) |  | (102,090 | )
Total other comprehensive loss, net of tax |  | (101,090 | ) |  | (638 | ) |  | (101,728 | )
Total comprehensive income (loss) |  | 40,611 |  |  | (258 | ) |  | 40,353 |
Other changes in equity: |  |  |  |  |  |
Cash dividends - common stock ($0.525 per share) |  | (22,280 | ) |  | — |  |  | (22,280 | )
Purchase of treasury stock |  | (25,000 | ) |  | — |  |  | (25,000 | )
Reissuance of treasury stock, on LIFO basis, towards Alpha purchase consideration |  | 86,463 |  |  | — |  |  | 86,463 |
Other, including activity related to equity awards |  | 33,633 |  |  | — |  |  | 33,633 |
Balance as of December 30, 2018 |  | $ | 1,309,102 |  |  | $ | 5,178 |  |  | $ | 1,314,280 |

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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