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Stockholders' Equity and Noncontrolling Interests
 3 Months Ended
Jul. 04, 2021
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 4, 2021:
 
Shares outstanding as of March 31, 202142,753,020 
Purchase of treasury stock(329,008)
Shares issued under equity-based compensation plans, net of equity awards surrendered for option price and taxes87,124 
Shares outstanding as of July 4, 202142,511,136 

Treasury Stock

During the first quarter ended July 4, 2021, the Company purchased 329,008 shares for $31,512 and did not purchase any shares during the first quarter ended July 5, 2020. At July 4, 2021 and March 31, 2021, the Company held 13,103,838 and 12,799,790 shares as treasury stock, respectively. During the first quarter ended July 4, 2021, the Company also issued 4,960 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 4, 2021 and March 31, 2021, are as follows:
March 31, 2021Before ReclassificationsAmounts Reclassified from AOCIJuly 4, 2021
Pension funded status adjustment$(20,947)$— $240 $(20,707)
Net unrealized gain (loss) on derivative instruments360 5,657 (1,760)4,257 
Foreign currency translation adjustment(95,296)15,272 — (80,024)
Accumulated other comprehensive (loss) income$(115,883)$20,929 $(1,520)$(96,474)
The following table presents reclassifications from AOCI during the first quarter ended July 4, 2021:

Components of AOCI Amounts Reclassified from AOCILocation of (Gain) Loss Recognized on Income Statement
Derivatives in cash flow hedging relationships:
Net unrealized gain on derivative instruments$(2,299)Cost of goods sold
Tax expense539 
Net unrealized gain on derivative instruments, net of tax$(1,760)
Defined benefit pension costs:
Prior service costs and deferrals$308 Net periodic benefit cost, included in other (income) expense, net - See Note 13
Tax benefit(68)
Net periodic benefit cost, net of tax$240 

The following table presents reclassifications from AOCI during the first quarter ended July 5, 2020:

Components of AOCIAmounts Reclassified from AOCILocation 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 demonstrates the change in equity attributable to EnerSys stockholders and nonredeemable noncontrolling interests during the first quarter ended July 4, 2021:
(In Thousands, Except Per Share Data)

Preferred
Stock		Common
Stock		Additional Paid-in
Capital		Treasury
Stock		Retained
Earnings		Accumulated
Other
Comprehensive
Income (Loss)		Contra-EquityTotal
EnerSys
Stockholders’
Equity		Non-
redeemable
Non-
Controlling
Interests		Total
Equity
Balance at March 31, 2021$— $555 $554,168 $(563,481)$1,669,751 $(115,883)$(5,355)$1,539,755 $3,821 $1,543,576 
Stock-based compensation— — 3,659 — — — — 3,659 — 3,659 
Exercise of stock options — 1 386 — — — — 387 — 387 
Shares issued under equity awards (taxes paid related to net share settlement of equity awards), net— — (4,803)— — — — (4,803)— (4,803)
Purchase of common stock— — — (31,512)— — — (31,512)— (31,512)
Other— — 44 170 — — — 214 — 214 
Net earnings — — — — 43,929 — — 43,929 — 43,929 
Dividends ($0.175 per common share)
— — 173 — (7,608)— — (7,435)— (7,435)
Dissolution of joint venture— — — — — — — — (47)(47)
Other comprehensive income:
Pension funded status adjustment (net of tax benefit of $68)
— — — — — 240 — 240 — 240 
Net unrealized gain (loss) on derivative instruments (net of tax expense of $1,187)
— — — — — 3,897 — 3,897 — 3,897 
Foreign currency translation adjustment— — — — — 15,272 — 15,272 49 15,321 
Balance at July 4, 2021$— $556 $553,627 $(594,823)$1,706,072 $(96,474)$(5,355)$1,563,603 $3,823 $1,567,426 
The following demonstrates the change in equity attributable to EnerSys stockholders and nonredeemable noncontrolling interests during the first quarter and current quarter ended July 5, 2020:
(In Thousands, Except Per Share Data)

Preferred
Stock		Common
Stock		Additional Paid-in
Capital		Treasury
Stock		Retained
Earnings		Accumulated
Other
Comprehensive
Income (Loss)		Contra-EquityTotal
EnerSys
Stockholders’
Equity		Non-
redeemable
Non-
Controlling
Interests		Total
Equity
Balance at March 31, 2020$— $551 $529,100 $(564,376)$1,556,980 $(215,006)$(6,724)$1,300,525 $3,537 $1,304,062 
Stock-based compensation— — 5,053 — — — — 5,053 — 5,053 
Exercise of stock options — 2 479 — — — — 481 — 481 
Shares issued under equity awards (taxes paid related to net share settlement of equity awards), net— — (3,135)— — — — (3,135)— (3,135)
Other— — (123)299 — — — 176 — 176 
Net earnings — — — — 35,183 — — 35,183 — 35,183 
Dividends ($0.175 per common share)
— — 172 — (7,600)— — (7,428)— (7,428)
Other comprehensive income:
Pension funded status adjustment (net of tax benefit of $86)
— — — — — 291 — 291 — 291 
Net unrealized gain (loss) on derivative instruments (net of tax expense of $726)
— — — — — 2,343 — 2,343 — 2,343 
Foreign currency translation adjustment— — — — — 28,139 — 28,139 8 28,147 
Balance at July 5, 2020$— $553 $531,546 $(564,077)$1,584,563 $(184,233)$(6,724)$1,361,628 $3,545 $1,365,173