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Stockholders' Equity and Noncontrolling Interests

3 Months Ended

Jun. 30, 2019

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 first quarter ended June 30, 2019:

Shares outstanding as of March 31, 2019		42,620,750
Purchase of treasury stock		(376,343	)
Shares issued towards equity-based compensation plans, net of equity awards surrendered for option price and taxes		234,032
Shares outstanding as of June 30, 2019		42,478,439

Treasury Stock

During the first quarter ended June 30, 2019, the Company purchased 376,343 shares for $23,029. At June 30, 2019 and March 31, 2019, the Company held 12,601,907 and 12,227,773 shares as treasury stock, respectively.

Accumulated Other Comprehensive Income (“AOCI ”)

The components of AOCI, net of tax, as of June 30, 2019 and March 31, 2019, are as follows:

		March 31, 2019				Before Reclassifications				Amounts Reclassified from AOCI				June 30, 2019
Pension funded status adjustment		$	(20,791	)		$	—			$	237			$	(20,554	)
Net unrealized (loss) gain on derivative instruments		(130		)		(2,831		)		502				(2,459		)
Foreign currency translation adjustment		(121,761		)		(3,128		)		—				(124,889		)
Accumulated other comprehensive (loss) income		$	(142,682	)		$	(5,959	)		$	739			$	(147,902	)

The following table presents reclassifications from AOCI during the first quarter ended June 30, 2019:

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		$	658			Cost of goods sold
Tax benefit		(156		)
Net loss on derivative instruments, net of tax		$	502
Defined benefit pension costs:
Prior service costs and deferrals		$	305			Net periodic benefit cost, included in other (income) expense, net - See Note 13
Tax benefit		(68		)
Net periodic benefit cost, net of tax		$	237

The following table presents reclassifications from AOCI during the first quarter ended July 1, 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		$	214			Cost of goods sold
Tax benefit		(50		)
Net loss on derivative instruments, net of tax		$	164
Defined benefit pension costs:
Prior service costs and deferrals		$	368			Net periodic benefit cost, included in other (income) expense, net - See Note 13
Tax benefit		(68		)
Net periodic benefit cost, net of tax		$	300

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- References

No definition available.

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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

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