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Stockholders' Equity and Noncontrolling Interests (Tables) | 6 Months Ended
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Sep. 29, 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 six months ended September 29, 2024:
Shares outstanding as of March 31, 2024 |  | 40,271,936 |
Purchase of treasury stock |  | (780,849) |
Shares issued under equity-based compensation plans, net of equity awards surrendered for option price and taxes |  | 322,817 |
Shares outstanding as of September 29, 2024 |  | 39,813,904 |
Components Of Accumulated Other Comprehensive Income | The components of AOCI, net of tax, as of September 29, 2024 and March 31, 2024, are as follows:
|  | March 31, 2024 |  | Before Reclassifications |  | Amounts Reclassified from AOCI |  | September 29, 2024
Pension funded status adjustment |  | $ | (9,798) |  |  | $ | — |  |  | $ | 197 |  |  | $ | (9,601) |
Net unrealized gain (loss) on derivative instruments |  | 755 |  |  | (2,923) |  |  | (1,257) |  |  | (3,425) |
Foreign currency translation adjustment (1) |  | (195,808) |  |  | 15,391 |  |  | — |  |  | (180,417) |
Accumulated other comprehensive (loss) income |  | $ | (204,851) |  |  | $ | 12,468 |  |  | $ | (1,060) |  |  | $ | (193,443) |
(1) Foreign currency translation adjustment for the six months ended September 29, 2024 includes a $8,497 loss (net of taxes of $2,594) related to the Company's $300,000 cross-currency fixed interest rate swap contracts.
Reclassification from Accumulated Other Comprehensive Income | The following table presents reclassifications from AOCI during the second quarter ended September 29, 2024:
Components of AOCI |  | Amounts Reclassified from AOCI |  | Location of (Gain) Loss Recognized on Income Statement
Derivatives in cash flow hedging relationships: |  |  |  |
Net unrealized gain on derivative instruments |  | $ | (2,258) |  |  | Cost of goods sold
Tax expense |  | 527 |  |  |
Net unrealized gain on derivative instruments, net of tax |  | $ | (1,731) |  |  |
Derivatives in net investment hedging relationships: |  |  |  |
Net unrealized gain on derivative instruments |  | $ | (711) |  |  | Interest expense
Tax expense |  | 166 |  |  |
Net unrealized gain on derivative instruments, net of tax |  | $ | (545) |  |  |
Defined benefit pension costs: |  |  |  |
Prior service costs and deferrals |  | $ | 133 |  |  | Net periodic benefit cost, included in other (income) expense, net - See Note 14
Tax benefit |  | (32) |  |  |
Net periodic benefit cost, net of tax |  | $ | 101 |  |  |
The following table presents reclassifications from AOCI during the six months ended September 29, 2024:
Components of AOCI |  | Amounts Reclassified from AOCI |  | Location of (Gain) Loss Recognized on Income Statement
Derivatives in cash flow hedging relationships: |  |  |  |
Net unrealized gain on derivative instruments |  | $ | (1,639) |  |  | Cost of goods sold
Tax expense |  | 382 |  |  |
Net unrealized gain on derivative instruments, net of tax |  | $ | (1,257) |  |  |
Derivatives in net investment hedging relationships: |  |  |  |
Net unrealized gain on derivative instruments |  | $ | (975) |  |  | Interest expense
Tax expense |  | 229 |  |  |
Net unrealized gain on derivative instruments, net of tax |  | $ | (746) |  |  |
Defined benefit pension costs: |  |  |  |
Prior service costs and deferrals |  | $ | 260 |  |  | Net periodic benefit cost, included in other (income) expense, net - See Note 14
Tax benefit |  | (63) |  |  |
Net periodic benefit cost, net of tax |  | $ | 197 |  |  |
The following table presents reclassifications from AOCI during the second quarter ended October 1, 2023:
Components of AOCI |  | Amounts Reclassified from AOCI |  | Location 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 expense |  | 51 |  |  |
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 14
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 AOCI |  | Location 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 expense |  | 962 |  |  |
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 expense |  | 26 |  |  |
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 14
Tax benefit |  | (15) |  |  |
Net periodic benefit cost, net of tax |  | $ | 41 |  |  |

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