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Stockholders' Equity and Noncontrolling Interests (Tables) | 3 Months Ended
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Jun. 29, 2025
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 29, 2025:
Shares outstanding as of March 31, 2025 |  | 39,192,061 |
Purchase of treasury stock |  | (1,740,161) |
Shares issued under equity-based compensation plans, net of equity awards surrendered for option price and taxes |  | 4,708 |
Shares outstanding as of June 29, 2025 |  | 37,456,608 |
Components of Accumulated Other Comprehensive Income | The components of AOCI, net of tax, as of June 29, 2025 and March 31, 2025, are as follows:
|  | March 31, 2025 |  | Before Reclassifications |  | Amounts Reclassified from AOCI |  | June 29, 2025
Pension funded status adjustment |  | $ | (10,374) |  |  | $ | — |  |  | $ | 123 |  |  | $ | (10,251) |
Net unrealized gain (loss) on derivative instruments |  | (269) |  |  | (562) |  |  | 1,024 |  |  | 193 |
Foreign currency translation adjustment (1) |  | (236,836) |  |  | 29,789 |  |  | — |  |  | (207,047) |
Accumulated other comprehensive (loss) income |  | $ | (247,479) |  |  | $ | 29,227 |  |  | $ | 1,147 |  |  | $ | (217,105) |
(1) Foreign currency translation adjustment for the current quarter ended June 29, 2025 includes a $42,009 loss (net of taxes of $12,812) related to the Company's $600,000 cross-currency fixed interest rate swap contracts.
Reclassification from Accumulated Other Comprehensive Income | The following table presents reclassifications from AOCI during the first quarter ended June 29, 2025:
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 |  | $ | (1,337) |  |  | Cost of goods sold
Tax expense |  | 313 |  |  |
Net unrealized gain on derivative instruments, net of tax |  | $ | (1,024) |  |  |
Derivatives in net investment hedging relationships: |  |  |  |
Net unrealized gain on derivative instruments |  | $ | (1,173) |  |  | Interest expense
Tax expense |  | 274 |  |  |
Net unrealized gain on derivative instruments, net of tax |  | $ | (899) |  |  |
Defined benefit pension costs: |  |  |  |
Prior service costs and deferrals |  | $ | 160 |  |  | Net periodic benefit cost, included in other (income) expense, net - See Note 13
Tax benefit |  | (37) |  |  |
Net periodic benefit cost, net of tax |  | $ | 123 |  |  |
The following table presents reclassifications from AOCI during the first quarter ended June 30, 2024:
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 |  | $ | 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 expense |  | 62 |  |  |
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 13
Tax benefit |  | (17) |  |  |
Net periodic benefit cost, net of tax |  | $ | 110 |  |  |
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 29, 2025:
(In Thousands, Except Per Share Data) |  | Preferred Stock |  | Common Stock |  | Additional Paid-in Capital |  | Treasury Stock |  | Retained Earnings |  | Accumulated Other Comprehensive Income (Loss) |  | Contra-Equity |  | Total EnerSys Stockholders’ Equity |  | Non- redeemable Non- Controlling Interests |  | Total Equity
Balance at March 31, 2025 |  | $ | — |  |  | $ | 568 |  |  | $ | 662,725 |  |  | $ | (988,936) |  |  | $ | 2,489,200 |  |  | $ | (247,479) |  |  | $ | — |  |  | $ | 1,916,078 |  |  | $ | 3,410 |  |  | $ | 1,919,488 |
Stock-based compensation |  | — |  |  | — |  |  | 17,601 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 17,601 |  |  | — |  |  | 17,601 |
Exercise of stock options |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Shares issued under equity awards (taxes paid related to net share settlement of equity awards), net |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Purchase of common stock |  | — |  |  | — |  |  | — |  |  | (150,034) |  |  | — |  |  | — |  |  | — |  |  | (150,034) |  |  | — |  |  | (150,034) |
Other |  | — |  |  | — |  |  | 63 |  |  | 266 |  |  | — |  |  | — |  |  | — |  |  | 329 |  |  | — |  |  | 329 |
Net earnings |  | — |  |  | — |  |  | — |  |  | — |  |  | 57,458 |  |  | — |  |  | — |  |  | 57,458 |  |  | — |  |  | 57,458 |
Dividends ($0.24 per common share) |  | — |  |  | — |  |  | 221 |  |  | — |  |  | (9,328) |  |  | — |  |  | — |  |  | (9,107) |  |  | — |  |  | (9,107) |
Dissolution of joint venture |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Other comprehensive income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pension funded status adjustment (net of tax benefit of $37) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 123 |  |  | — |  |  | 123 |  |  | — |  |  | 123 |
Net unrealized gain (loss) on derivative instruments (net of tax gain of $142) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 462 |  |  | — |  |  | 462 |  |  | — |  |  | 462 |
Foreign currency translation adjustment |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 29,789 |  |  | — |  |  | 29,789 |  |  | 40 |  |  | 29,829 |
Balance at June 29, 2025 |  | $ | — |  |  | $ | 568 |  |  | $ | 680,610 |  |  | $ | (1,138,704) |  |  | $ | 2,537,330 |  |  | $ | (217,105) |  |  | $ | — |  |  | $ | 1,862,699 |  |  | $ | 3,450 |  |  | $ | 1,866,149 |
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-Equity |  | Total 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 expense 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 |

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