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Stockholders' Equity and Noncontrolling Interests (Tables)
 6 Months Ended
Oct. 01, 2023
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 six months ended October 1, 2023:
 
Shares outstanding as of March 31, 202340,901,059 
Purchase of treasury stock(480,060)
Shares issued under equity-based compensation plans, net of equity awards surrendered for option price and taxes350,016 
Shares outstanding as of October 1, 202340,771,015 
Components Of Accumulated Other Comprehensive Income
The components of AOCI, net of tax, as of October 1, 2023 and March 31, 2023, are as follows:
March 31, 2023Before ReclassificationsAmounts Reclassified from AOCIOctober 1, 2023
Pension funded status adjustment$(4,423)$— $41 $(4,382)
Net unrealized gain (loss) on derivative instruments1,411 7,433 (3,152)5,692 
Foreign currency translation adjustment (1)
(180,462)(29,455)— (209,917)
Accumulated other comprehensive (loss) income$(183,474)$(22,022)$(3,111)$(208,607)
(1) Foreign currency translation adjustment for the six months ended October 1, 2023 includes a $608 gain (net of taxes of $187) related to the Company's $150,000 cross-currency fixed interest rate swap contract.
Reclassification from Accumulated Other Comprehensive Income
The following table presents reclassifications from AOCI during the second quarter ended October 1, 2023:

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$(218)Cost of goods sold
Tax expense51 
Net unrealized gain on derivative instruments, net of tax$(167)
Derivatives in net investment hedging relationships:
Net unrealized gain on derivative instruments$— Interest expense
Tax expense— 
Net unrealized gain on derivative instruments, net of tax$— 
Defined benefit pension costs:
Prior service costs and deferrals$27 Net periodic benefit cost, included in other (income) expense, net - See Note 12
Tax benefit(6)
Net periodic benefit cost, net of tax$21 



The following table presents reclassifications from AOCI during the six months ended October 1, 2023:

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$(4,114)Cost of goods sold
Tax expense962 
Net unrealized gain on derivative instruments, net of tax$(3,152)
Derivatives in net investment hedging relationships:
Net unrealized gain on derivative instruments$(112)Interest expense
Tax expense26 
Net unrealized gain on derivative instruments, net of tax$(86)
Defined benefit pension costs:
Prior service costs and deferrals$56 Net periodic benefit cost, included in other (income) expense, net - See Note 12
Tax benefit(15)
Net periodic benefit cost, net of tax$41 
The following table presents reclassifications from AOCI during the second quarter ended October 2, 2022:

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$1,067 Cost of goods sold
Tax benefit(249)
Net unrealized loss on derivative instruments, net of tax$818 
Derivatives in net investment hedging relationships:
Net unrealized gain on derivative instruments$(1,665)Interest expense
Tax expense389 
Net unrealized gain on derivative instruments, net of tax$(1,276)
Defined benefit pension costs:
Prior service costs and deferrals$115 Net periodic benefit cost, included in other (income) expense, net - See Note 12
Tax benefit(34)
Net periodic benefit cost, net of tax$81 



The following table presents reclassifications from AOCI during the six months ended October 2, 2022:


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$(74)Cost of goods sold
Tax expense18 
Net unrealized gain on derivative instruments, net of tax$(56)
Derivatives in net investment hedging relationships:
Net unrealized gain on derivative instruments$(2,923)Interest expense
Tax expense683 
Net unrealized gain on derivative instruments, net of tax$(2,240)
Defined benefit pension costs:
Prior service costs and deferrals$238 Net periodic benefit cost, included in other (income) expense, net - See Note 12
Tax benefit(68)
Net periodic benefit cost, net of tax$170 
Schedule of Change in Stockholders Equity The following demonstrates the change in equity attributable to EnerSys stockholders and nonredeemable noncontrolling interests during the second quarter and six months ended October 1, 2023:
(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, 2023$— $560 $596,464 $(740,956)$1,930,148 $(183,474)$(2,463)$1,600,279 $3,602 $1,603,881 
Stock-based compensation— — 7,933 — — — — 7,933 — 7,933 
Exercise of stock options — 5 7,649 — — — — 7,654 — 7,654 
Shares issued under equity awards (taxes paid related to net share settlement of equity awards), net— — — — — — — — — — 
Purchase of common stock— — — — — — — — — — 
Other— — 65 214 — — — 279 — 279 
Net earnings — — — — 66,797 — — 66,797 — 66,797 
Dividends ($0.175 per common share)
— — 184 — (7,357)— — (7,173)— (7,173)
Dissolution of joint venture— — — — — — — — — — 
Other comprehensive income:
Pension funded status adjustment (net of tax benefit of $9)
— — — — — 20 — 20 — 20 
Net unrealized gain (loss) on derivative instruments (net of tax expense of $544)
— — — — — 1,786 — 1,786 — 1,786 
Foreign currency translation adjustment— — — — — 2,192 — 2,192 (190)2,002 
Balance at July 2, 2023$— $565 $612,295 $(740,742)$1,989,588 $(179,476)$(2,463)$1,679,767 $3,412 $1,683,179 
Stock-based compensation— — 5,144 — — — — 5,144 — 5,144 
Exercise of stock options— (1)2,015 — — — — 2,014 — 2,014 
Shares issued under equity awards (taxes paid related to net share settlement of equity awards), net— — (7,348)— — — — (7,348)— (7,348)
Contra equity - adjustment to indemnification receivable for acquisition related tax liability— — — — — — 475 475 — 475 
Purchase of common stock— — — (47,340)— — — (47,340)— (47,340)
Other— (1)151 194 — — — 344 — 344 
Net earnings— — — — 65,229 — — 65,229 — 65,229 
Dividends ($0.225 per common share)
— — 233 — (9,401)— — (9,168)— (9,168)
Other comprehensive income:
Pension funded status adjustment (net of tax benefit of $6)
— — — — — 21 — 21 — 21 
Net unrealized gain (loss) on derivative instruments (net of tax of $762)
— — — — — 2,495 — 2,495 — 2,495 
Foreign currency translation adjustment— — — — — (31,647)— (31,647)(17)(31,664)
Balance at October 1, 2023$— $563 $612,490 $(787,888)$2,045,416 $(208,607)$(1,988)$1,659,986 $3,395 $1,663,381 
The following demonstrates the change in equity attributable to EnerSys stockholders and nonredeemable noncontrolling interests during the second quarter and six months ended October 2, 2022:
(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, 2022$— $557 $571,464 $(719,119)$1,783,586 $(143,495)$(3,620)$1,489,373 $3,902 $1,493,275 
Stock-based compensation— — 5,330 — — — — 5,330 — 5,330 
Exercise of stock options — 1 — — — — — 1 — 1 
Shares issued under equity awards (taxes paid related to net share settlement of equity awards), net— — (633)— — — — (633)— (633)
Purchase of common stock— — — (22,907)— — — (22,907)— (22,907)
Other— — (41)240 — — — 199 — 199 
Net earnings — — — — 30,978 — — 30,978 — 30,978 
Dividends ($0.175 per common share)
— — 174 — (7,282)— — (7,108)— (7,108)
Dissolution of joint venture— — — — — — — — — — 
Other comprehensive income:
Pension funded status adjustment (net of tax benefit of $34)
— — — — — 89 — 89 — 89 
Net unrealized gain (loss) on derivative instruments (net of tax benefit of $2,514)
— — — — — (8,234)— (8,234)— (8,234)
Foreign currency translation adjustment— — — — — (52,010)— (52,010)(210)(52,220)
Balance at July 3, 2022$— $558 $576,294 $(741,786)$1,807,282 $(203,650)$(3,620)$1,435,078 $3,692 $1,438,770 
Stock-based compensation— — 6,534 — — — — 6,534 — 6,534 
Exercise of stock options— 1 114 — — — — 115 — 115 
Shares issued under equity awards (taxes paid related to net share settlement of equity awards), net— — (5,624)— — — — (5,624)— (5,624)
Contra equity - adjustment to indemnification receivable for acquisition related tax liability— — — — — — 963 963 — 963 
Purchase of common stock— — — — — — — — — — 
Other— — 28 276 — — — 304 — 304 
Net earnings— — — — 34,472 — — 34,472 — 34,472 
Dividends ($0.175 per common share)
— — 174 — (7,312)— — (7,138)— (7,138)
Other comprehensive income:
Pension funded status adjustment (net of tax benefit of $34)
— — — — — 81 — 81 — 81 
Net unrealized gain (loss) on derivative instruments (net of tax benefit of $647)
— — — — — 2,116 — 2,116 — 2,116 
Foreign currency translation adjustment— — — — — (55,961)— (55,961)(214)(56,175)
Balance at October 2, 2022$— $559 $577,520 $(741,510)$1,834,442 $(257,414)$(2,657)$1,410,940 $3,478 $1,414,418