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Stockholders' Equity and Noncontrolling Interests | 3 Months Ended
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Jul. 05, 2020
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 July 5, 2020:
Shares outstanding as of March 31, 2020 |  | 42,323,305 |
Shares issued under equity-based compensation plans, net of equity awards surrendered for option price and taxes |  | 141,889 |
Shares outstanding as of July 5, 2020 |  | 42,465,194 |
Treasury Stock During the first quarter ended July 5, 2020, the Company did not purchase any shares but purchased 376,343 shares for $23,029 during the first quarter ended June 30, 2019. At July 5, 2020 and March 31, 2020, the Company held 12,786,685 and 12,791,503 shares as treasury stock, respectively. During the first quarter ended July 5, 2020, the Company also issued 4,818 shares out of its treasury stock, valued at $62.55 per share, on a LIFO basis, to participants under the Company's Employee Stock Purchase Plan. Accumulated Other Comprehensive Income (“AOCI ”) The components of AOCI, net of tax, as of July 5, 2020 and March 31, 2020, are as follows:
|  | March 31, 2020 |  | Before Reclassifications |  | Amounts Reclassified from AOCI |  | July 5, 2020
Pension funded status adjustment |  | $ | (22,794) |  |  | $ | — |  |  | $ | 291 |  |  | $ | (22,503) |
Net unrealized (loss) gain on derivative instruments |  | (5,923) |  |  | (773) |  |  | 3,116 |  |  | (3,580) |
Foreign currency translation adjustment |  | (186,289) |  |  | 28,139 |  |  | — |  |  | (158,150) |
Accumulated other comprehensive (loss) income |  | $ | (215,006) |  |  | $ | 27,366 |  |  | $ | 3,407 |  |  | $ | (184,233) |
The following table presents reclassifications from AOCI during the first quarter ended July 5, 2020:
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 |  | $ | 4,082 |  |  | Cost of goods sold
Tax benefit |  | (966) |  |  |
Net unrealized loss on derivative instruments, net of tax |  | $ | 3,116 |  |  |
Defined benefit pension costs: |  |  |  |
Prior service costs and deferrals |  | $ | 377 |  |  | Net periodic benefit cost, included in other (income) expense, net - See Note 13
Tax benefit |  | (86) |  |  |
Net periodic benefit cost, net of tax |  | $ | 291 |  |  |
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 unrealized gain on derivative instruments |  | $ | (658) |  |  | Cost of goods sold
Tax expense |  | 156 |  |  |
Net unrealized gain 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 |  |  |

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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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