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Stockholders' Equity and Noncontrolling Interests (Tables)
9 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Change In Number Of Shares Of Common Stock Outstanding
The following demonstrates the change in the number of shares of common stock outstanding during the nine months ended December 29, 2019:
 
Shares outstanding as of March 31, 2019
 
42,620,750

Purchase of treasury stock
 
(581,140
)
Shares issued towards equity-based compensation plans, net of equity awards surrendered for option price and taxes
 
259,106

Shares outstanding as of December 29, 2019
 
42,298,716


Components Of Accumulated Other Comprehensive Income
The components of AOCI, net of tax, as of December 29, 2019 and March 31, 2019, are as follows:
 
 
March 31, 2019
 
Before Reclassifications
 
Amounts Reclassified from AOCI
 
December 29, 2019
Pension funded status adjustment
 
$
(20,791
)
 
$

 
$
694

 
$
(20,097
)
Net unrealized (loss) gain on derivative instruments
 
(130
)
 
(1,478
)
 
(674
)
 
(2,282
)
Foreign currency translation adjustment
 
(121,761
)
 
(7,093
)
 

 
(128,854
)
Accumulated other comprehensive (loss) income
 
$
(142,682
)
 
$
(8,571
)
 
$
20

 
$
(151,233
)

Reclassification from Accumulated Other Comprehensive Income
The following table presents reclassifications from AOCI during the third quarter ended December 29, 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
 
$
1,570

 
Cost of goods sold
Tax benefit
 
(372
)
 
 
Net unrealized loss on derivative instruments, net of tax
 
$
1,198

 
 
 
 
 
 
 
Defined benefit pension costs:
 
 
 
 
Prior service costs and deferrals
 
$
291

 
Net periodic benefit cost, included in other (income) expense, net - See Note 13
Tax benefit
 
(71
)
 
 
Net periodic benefit cost, net of tax
 
$
220

 
 
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 unrealized loss on derivative instruments
 
$
6,103

 
Cost of goods sold
Tax benefit
 
(1,434
)
 
 
Net unrealized 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 13
Tax benefit
 
(141
)
 
 
Net periodic benefit cost, net of tax
 
$
204

 
 

The following table presents reclassifications from AOCI during the nine months ended December 29, 2019:

Components of AOCI
 
Amounts Reclassified from AOCI
 
Location of (Gain) Loss Recognized on Income Statement
Derivatives in Cash Flow Hedging Relationships:
 
 
 
 
Net unrealized gain on derivative instruments
 
$
(882
)
 
Cost of goods sold
Tax expense
 
208

 
 
Net unrealized gain on derivative instruments, net of tax
 
$
(674
)
 
 
 
 
 
 
 
Defined benefit pension costs:
 
 
 
 
Prior service costs and deferrals
 
$
892

 
Net periodic benefit cost, included in other (income) expense, net - See Note 13
Tax benefit
 
(198
)
 
 
Net periodic benefit cost, net of tax
 
$
694

 
 

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 13
Tax benefit
 
(249
)
 
 
Net periodic benefit cost, net of tax
 
$
804