Stockholders’ Equity (Tables)

12 Months Ended

Mar. 31, 2025

Change in Number of Shares of Common Stock Outstanding

The following demonstrates the change in the number of shares of common stock outstanding during fiscal years ended March 31, 2023, 2024 and 2025, respectively:



Shares outstanding as of March 31, 2022			40,986,658
Purchase of treasury stock			(358,365)

Shares issued towards equity-based compensation plans, net of equity awards surrendered for option price and taxes			272,766
Shares outstanding as of March 31, 2023			40,901,059
Purchase of treasury stock			(1,002,415)
Shares issued under equity-based compensation plans, net of equity awards surrendered for option price and taxes			373,292
Shares outstanding as of March 31, 2024			40,271,936
Purchase of treasury stock			(1,568,292)
Shares issued under equity-based compensation plans, net of equity awards surrendered for option price and taxes			488,417
Shares outstanding as of March 31, 2025			39,192,061

Components Of Accumulated Other Comprehensive Income

The components of AOCI, net of tax, are as follows:


	Beginning Balance		Before Reclassifications		Amount Reclassified from AOCI		Ending Balance
March 31, 2025
Pension funded status adjustment	$	(9,798)	$	132	$	(708)	$	(10,374)
Net unrealized gain (loss) on derivative instruments	755		(2,339)		1,315		(269)
Foreign currency translation adjustment (1)	(195,808)		(41,028)		—		(236,836)
Accumulated other comprehensive loss	$	(204,851)	$	(43,235)	$	607	$	(247,479)
March 31, 2024
Pension funded status adjustment	$	(4,423)	$	(5,672)	$	297	$	(9,798)
Net unrealized gain (loss) on derivative instruments	1,411		6,283		(6,939)		755
Foreign currency translation adjustment (1)	(180,462)		(15,346)		—		(195,808)
Accumulated other comprehensive loss	$	(183,474)	$	(14,735)	$	(6,642)	$	(204,851)
March 31, 2023
Pension funded status adjustment	$	(12,637)	$	7,872	$	342	$	(4,423)
Net unrealized gain (loss) on derivative instruments	2,963		(2,453)		901		1,411
Foreign currency translation adjustment (1)	(133,821)		(46,641)		—		(180,462)
Accumulated other comprehensive loss	$	(143,495)	$	(41,222)	$	1,243	$	(183,474)

(1) Foreign currency translation adjustment for the fiscal year ended March 31, 2025, March 31, 2024, March 31, 2023 and includes a $10,600 gain (net of taxes of $3,235), $2,615 loss (net of taxes of $797) and 19,491 gain (net of taxes 4,557), respectively, related to the Company's cross-currency fixed interest rate swap contracts.

Reclassification out of Accumulated Other Comprehensive Income

The following table presents reclassifications from AOCI during the twelve months ended March 31, 2025:


Components of AOCI	Amounts Reclassified from AOCI		Location of (Gain) Loss Recognized on Income Statement
Derivatives in Cash Flow Hedging Relationships:
Net unrealized loss on derivative instruments	$	1,717	Cost of goods sold
Tax benefit	(402)
Net unrealized loss on derivative instruments, net of tax	$	1,315

Derivatives in net investment hedging relationships:
Net unrealized gain on derivative instruments	$	(4,413)	Interest expense
Tax expense	1,032
Net unrealized gain on derivative instruments, net of tax	$	(3,381)

Defined benefit pension costs:
Prior service costs, deferrals, and settlements	$	(1,027)	Net periodic benefit cost, included in other (income) expense, net - See Note 16
Tax expense	319
Net periodic benefit cost, net of tax	$	(708)

The following table presents reclassifications from AOCI during the twelve months ended March 31, 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	$	(9,057)	Cost of goods sold
Tax benefit	2,118
Net unrealized gain on derivative instruments, net of tax	$	(6,939)

Derivatives in net investment hedging relationships:
Net unrealized gain on derivative instruments	$	(713)	Interest expense
Tax expense	167
Net unrealized gain on derivative instruments, net of tax	$	(546)

Defined benefit pension costs:
Prior service costs and deferrals	$	326	Net periodic benefit cost, included in other (income) expense, net - See Note 16
Tax benefit	(29)
Net periodic benefit cost, net of tax	$	297

The following table presents reclassifications from AOCI during the twelve months ended March 31, 2023:


Components of AOCI	Amounts Reclassified from AOCI		Location of (Gain) Loss Recognized on Income Statement
Derivatives in Cash Flow Hedging Relationships:
Net unrealized loss on derivative instruments	$	1,176	Cost of goods sold
Tax benefit	(275)
Net unrealized loss on derivative instruments, net of tax	$	901

Derivatives in net investment hedging relationships:
Net unrealized gain on derivative instruments	$	(3,587)	Interest expense
Tax expense	839
Net unrealized gain on derivative instruments, net of tax	$	(2,748)

Defined benefit pension costs:
Prior service costs and deferrals	$	478	Net periodic benefit cost, included in other (income) expense, net - See Note 16
Tax benefit	(136)
Net periodic benefit cost, net of tax	$	342