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Stockholders' Equity and Noncontrolling Interests
 6 Months Ended
Oct. 03, 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 six months ended October 3, 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 taxes206,954 
Shares outstanding as of October 3, 202142,630,966 

Treasury Stock

During the six months ended October 3, 2021, the Company purchased 329,008 shares for $31,512 and did not purchase any shares during the six months ended October 4, 2020. At October 3, 2021 and March 31, 2021, the Company held 13,101,229 and 12,799,790 shares as treasury stock, respectively. During the six months ended October 3, 2021, the Company also issued 7,569 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.

See Note 18 Subsequent Events for additional information relating to stock repurchase activity subsequent to October 3, 2021.

Accumulated Other Comprehensive Income (“AOCI ”)

The components of AOCI, net of tax, as of October 3, 2021 and March 31, 2021, are as follows:
March 31, 2021Before ReclassificationsAmounts Reclassified from AOCIOctober 3, 2021
Pension funded status adjustment$(20,947)$— $473 $(20,474)
Net unrealized gain (loss) on derivative instruments360 4,151 (2,487)2,024 
Foreign currency translation adjustment(95,296)(8,401)— (103,697)
Accumulated other comprehensive (loss) income$(115,883)$(4,250)$(2,014)$(122,147)
The following table presents reclassifications from AOCI during the second quarter ended October 3, 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$(949)Cost of goods sold
Tax expense222 
Net unrealized gain on derivative instruments, net of tax$(727)
Defined benefit pension costs:
Prior service costs and deferrals$302 Net periodic benefit cost, included in other (income) expense, net - See Note 13
Tax benefit(69)
Net periodic benefit cost, net of tax$233 

The following table presents reclassifications from AOCI during the six months ended October 3, 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$(3,248)Cost of goods sold
Tax expense761 
Net unrealized gain on derivative instruments, net of tax$(2,487)
Defined benefit pension costs:
Prior service costs and deferrals$610 Net periodic benefit cost, included in other (income) expense, net - See Note 13
Tax benefit(137)
Net periodic benefit cost, net of tax$473 
The following table presents reclassifications from AOCI during the second quarter ended October 4, 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$4,597 Cost of goods sold
Tax benefit(1,088)
Net unrealized loss on derivative instruments, net of tax$3,509 
Defined benefit pension costs:
Prior service costs and deferrals$391 Net periodic benefit cost, included in other (income) expense, net - See Note 13
Tax benefit(86)
Net periodic benefit cost, net of tax$305 

The following table presents reclassifications from AOCI during the six months ended October 4, 2020:
The following demonstrates the change in equity attributable to EnerSys stockholders and nonredeemable noncontrolling interests during the second quarter and six months ended October 3, 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 
Stock-based compensation— — 5,765 — — — — 5,765 — 5,765 
Exercise of stock options— 1 770 — — — — 771 — 771 
Shares issued under equity awards (taxes paid related to net share settlement of equity awards), net— — (4,197)— — — — (4,197)— (4,197)
Contra equity - adjustment to indemnification receivable for acquisition related tax liability— — — — — — 1,354 1,354 — 1,354 
Purchase of common stock— — — — — — — — — — 
Other— — 52 174 — — — 226 — 226 
Net earnings— — — — 35,626 — — 35,626 — 35,626 
Dividends ($0.175 per common share)
— — 185 — (7,641)— — (7,456)— (7,456)
Other comprehensive income:
Pension funded status adjustment (net of tax benefit of $69)
— — — — — 233 — 233 — 233 
Net unrealized gain (loss) on derivative instruments (net of tax benefit of $(683))
— — — — — (2,233)— (2,233)— (2,233)
Foreign currency translation adjustment— — — — — (23,673)— (23,673)15 (23,658)
Balance at October 3, 2021$— $557 $556,202 $(594,649)$1,734,057 $(122,147)$(4,001)$1,570,019 $3,838 $1,573,857 
The following demonstrates the change in equity attributable to EnerSys stockholders and nonredeemable noncontrolling interests during the second quarter and six months ended October 4, 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)
Purchase of common stock— — — — — — — — — — 
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 
Stock-based compensation— — 5,533 — — — — 5,533 — 5,533 
Exercise of stock options— 1 1,284 — — — — 1,285 — 1,285 
Shares issued under equity awards (taxes paid related to net share settlement of equity awards), net— — (1,467)— — — — (1,467)— (1,467)
Contra equity - adjustment to indemnification receivable for acquisition related tax liability— — — — — — 1,451 1,451 — 1,451 
Purchase of common stock— — — — — — — — — — 
Other— — (7)224 — — — 217 — 217 
Net earnings— — — — 35,731 — — 35,731 — 35,731 
Dividends ($0.175 per common share)
— — 203 — (7,654)— — (7,451)— (7,451)
Other comprehensive income:
Pension funded status adjustment (net of tax benefit of $86)
— — — — — 305 — 305 — 305 
Net unrealized gain (loss) on derivative instruments (net of tax expense of $454)
— — — — — 1,470 — 1,470 — 1,470 
Foreign currency translation adjustment— — — — — 32,689 — 32,689 144 32,833 
Balance at October 4, 2020$— $554 $537,092 $(563,853)$1,612,640 $(149,769)$(5,273)$1,431,391 $3,689 $1,435,080