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Stockholders' Equity and Noncontrolling Interests (Tables)
 3 Months Ended
Jun. 30, 2024
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 current quarter ended June 30, 2024:
 
Shares outstanding as of March 31, 202440,271,936 
Purchase of treasury stock(129,433)
Shares issued under equity-based compensation plans, net of equity awards surrendered for option price and taxes94,550 
Shares outstanding as of June 30, 202440,237,053 
Components Of Accumulated Other Comprehensive Income
The components of AOCI, net of tax, as of June 30, 2024 and March 31, 2024, are as follows:
March 31, 2024Before ReclassificationsAmounts Reclassified from AOCIJune 30, 2024
Pension funded status adjustment$(9,798)$— $110 $(9,688)
Net unrealized gain (loss) on derivative instruments755 3,188 474 4,417 
Foreign currency translation adjustment (1)
(195,808)(13,294)— (209,102)
Accumulated other comprehensive (loss) income$(204,851)$(10,106)$584 $(214,373)
(1) Foreign currency translation adjustment for the current quarter ended June 30, 2024 includes a $1,528 gain (net of taxes of $466) 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 first quarter ended June 30, 2024:

Components of AOCI Amounts Reclassified from AOCILocation of (Gain) Loss Recognized on Income Statement
Derivatives in cash flow hedging relationships:
Net unrealized loss on derivative instruments$619 Cost of goods sold
Tax benefit(145)
Net unrealized loss on derivative instruments, net of tax$474 
Derivatives in net investment hedging relationships:
Net unrealized gain on derivative instruments$(264)Interest expense
Tax expense62 
Net unrealized gain on derivative instruments, net of tax$(202)
Defined benefit pension costs:
Prior service costs and deferrals$127 Net periodic benefit cost, included in other (income) expense, net - See Note 12
Tax benefit(17)
Net periodic benefit cost, net of tax$110 


The following table presents reclassifications from AOCI during the first quarter ended July 2, 2023:


Components of AOCIAmounts Reclassified from AOCILocation of (Gain) Loss Recognized on Income Statement
Derivatives in cash flow hedging relationships:
Net unrealized gain on derivative instruments$(3,896)Cost of goods sold
Tax expense911 
Net unrealized loss on derivative instruments, net of tax$(2,985)
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$29 Net periodic benefit cost, included in other (income) expense, net - See Note 12
Tax benefit(9)
Net periodic benefit cost, net of tax$20 
Schedule of Change in Stockholders Equity
The following demonstrates the change in equity attributable to EnerSys stockholders and nonredeemable noncontrolling interests during the first quarter ended June 30, 2024:
(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, 2024$— $564 $629,879 $(835,827)$2,163,880 $(204,851)$— $1,753,645 $3,427 $1,757,072 
Stock-based compensation— — 7,062 — — — — 7,062 — 7,062 
Exercise of stock options — 1 6,963 — — — — 6,964 — 6,964 
Shares issued under equity awards (taxes paid related to net share settlement of equity awards), net— — — — — — — — — — 
Purchase of common stock— — — (11,641)— — — (11,641)— (11,641)
Other— — 24 185 — — — 209 — 209 
Net earnings — — — — 70,111 — — 70,111 — 70,111 
Dividends ($0.225 per common share)
— — 227 — (9,271)— — (9,044)— (9,044)
Dissolution of joint venture— — — — — — — — — — 
Other comprehensive income:
Pension funded status adjustment (net of tax benefit of $17)
— — — — — 110 — 110 — 110 
Net unrealized gain (loss) on derivative instruments (net of tax benefit of $1,117)
— — — — — 3,662 — 3,662 — 3,662 
Foreign currency translation adjustment— — — — — (13,294)— (13,294)(22)(13,316)
Balance at June 30, 2024$— $565 $644,155 $(847,283)$2,224,720 $(214,373)$— $1,807,784 $3,405 $1,811,189 

The following demonstrates the change in equity attributable to EnerSys stockholders and nonredeemable noncontrolling interests during the first quarter and current quarter ended July 2, 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 
Purchase of common stock— — — — — — — — — — 
Other— — 65 214 — — — 279 — 279 
Net earnings — — — — 66,797 — — 66,797 — 66,797 
Dividends ( $0.175per 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 benefit 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