Stockholders’ Equity (Tables)

12 Months Ended

Mar. 31, 2021

Stockholders' Equity and Noncontrolling Interests [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 fiscal years ended March 31, 2019, 2020 and 2021, respectively:



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 towards 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
Purchase of treasury stock			(581,140)
Shares issued under equity-based compensation plans, net of equity awards surrendered for option price and taxes			283,695
Shares outstanding as of March 31, 2020			42,323,305
Purchase of treasury stock			—
Shares issued under equity-based compensation plans, net of equity awards surrendered for option price and taxes			429,715
Shares outstanding as of March 31, 2021			42,753,020

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, 2021
Pension funded status adjustment	$	(22,794)	$	680	$	1,167	$	(20,947)
Net unrealized gain (loss) on derivative instruments	(5,923)		250		6,033		360
Foreign currency translation adjustment	(186,289)		90,993		—		(95,296)
Accumulated other comprehensive loss	$	(215,006)	$	91,923	$	7,200	$	(115,883)
March 31, 2020
Pension funded status adjustment	$	(20,791)	$	(2,819)	$	816	$	(22,794)
Net unrealized gain (loss) on derivative instruments	(130)		(6,672)		879		(5,923)
Foreign currency translation adjustment	(121,761)		(64,528)		—		(186,289)
Accumulated other comprehensive loss	$	(142,682)	$	(74,019)	$	1,695	$	(215,006)
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)

Reclassification out of Accumulated Other Comprehensive Income

The following table presents reclassifications from AOCI during the twelve months ended March 31, 2021:


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	$	7,903	Cost of goods sold
Tax benefit	(1,870)
Net unrealized loss on derivative instruments, net of tax	$	6,033

Defined benefit pension costs:
Prior service costs and deferrals	$	1,529	Net periodic benefit cost, included in other (income) expense, net - See Note 15
Tax benefit	(362)
Net periodic benefit cost, net of tax	$	1,167

The following table presents reclassifications from AOCI during the twelve months ended March 31, 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	$	1,151	Cost of goods sold
Tax benefit	(272)
Net unrealized loss on derivative instruments, net of tax	$	879

Defined benefit pension costs:
Prior service costs and deferrals	$	1,098	Net periodic benefit cost, included in other (income) expense, net - See Note 15
Tax benefit	(282)
Net periodic benefit cost, net of tax	$	816

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 15
Tax benefit	(331)
Net periodic benefit cost, net of tax	$	1,373