XML 48 R38.htm IDEA: XBRL DOCUMENT
v3.25.3

Stockholders' Equity and Noncontrolling Interests (Tables) | 6 Months Ended
--- | ---
Sep. 28, 2025
Equity [Abstract] |
Schedule of Change in Stockholders Equity | The following demonstrates the change in the number of shares of common stock outstanding during the six months ended September 28, 2025:
Shares outstanding as of March 31, 2025 |  | 39,192,061 |
Purchase of treasury stock |  | (2,375,741) |
Shares issued under equity-based compensation plans, net of equity awards surrendered for option price and taxes |  | 383,834 |
Shares outstanding as of September 28, 2025 |  | 37,200,154 |
The following demonstrates the change in equity attributable to EnerSys stockholders and nonredeemable noncontrolling interests during the second quarter and six months ended September 28, 2025:
(In Thousands, Except Per Share Data) |  | Preferred Stock |  | Common Stock |  | Additional Paid-in Capital |  | Treasury Stock |  | Retained Earnings |  | Accumulated Other Comprehensive Income (Loss) |  | 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 |
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) |
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 |
Stock-based compensation |  | — |  |  | — |  |  | 4,435 |  |  | — |  |  | — |  |  | — |  |  | 4,435 |  |  | — |  |  | 4,435 |
Exercise of stock options |  | — |  |  | 4 |  |  | 16,944 |  |  | — |  |  | — |  |  | — |  |  | 16,948 |  |  | — |  |  | 16,948 |
Shares issued under equity awards (taxes paid related to net share settlement of equity awards), net |  | — |  |  | — |  |  | (8,174) |  |  | — |  |  | — |  |  | — |  |  | (8,174) |  |  | — |  |  | (8,174) |
Purchase of common stock |  | — |  |  | — |  |  | — |  |  | (67,750) |  |  | — |  |  | — |  |  | (67,750) |  |  | — |  |  | (67,750) |
Other |  | — |  |  | — |  |  | 26 |  |  | 249 |  |  | — |  |  | — |  |  | 275 |  |  | — |  |  | 275 |
Net earnings |  | — |  |  | — |  |  | — |  |  | — |  |  | 68,426 |  |  | — |  |  | 68,426 |  |  | — |  |  | 68,426 |
Dividends ($0.2625 per common share) |  | — |  |  | — |  |  | 257 |  |  | — |  |  | (10,067) |  |  | — |  |  | (9,810) |  |  | — |  |  | (9,810) |
Other comprehensive income: |  |  |  |  |  |  |  |  |  |  |  |  |  | — |  |  |  |  |
Pension funded status adjustment (net of tax benefit of $37) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 122 |  |  | 122 |  |  | — |  |  | 122 |
Net unrealized gain (loss) on derivative instruments (net of tax of $289) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (948) |  |  | (948) |  |  | — |  |  | (948) |
Foreign currency translation adjustment |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (2,722) |  |  | (2,722) |  |  | 19 |  |  | (2,703) |
Balance at September 28, 2025 |  | $ | — |  |  | $ | 572 |  |  | $ | 694,098 |  |  | $ | (1,206,205) |  |  | $ | 2,595,689 |  |  | $ | (220,653) |  |  | $ | 1,863,501 |  |  | $ | 3,469 |  |  | $ | 1,866,970 |
The following demonstrates the change in equity attributable to EnerSys stockholders and nonredeemable noncontrolling interests during the second quarter and six months ended September 29, 2024:
(In Thousands, Except Per Share Data) |  | Preferred Stock |  | Common Stock |  | Additional Paid-in Capital |  | Treasury Stock |  | Retained Earnings |  | Accumulated Other Comprehensive Income (Loss) |  | 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: |  |  |  |  |  |  |  |  |  |  |  |  |  | 0 |  |  |  |
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 |
Stock-based compensation |  | — |  |  | — |  |  | 5,125 |  |  | — |  |  | — |  |  | — |  |  | 5,125 |  |  | — |  |  | 5,125 |
Exercise of stock options |  | — |  |  | — |  |  | 479 |  |  | — |  |  | — |  |  | — |  |  | 479 |  |  | — |  |  | 479 |
Shares issued under equity awards (taxes paid related to net share settlement of equity awards), net |  | — |  |  | — |  |  | (7,934) |  |  | — |  |  | — |  |  | — |  |  | (7,934) |  |  | — |  |  | (7,934) |
Shares released under deferred compensation for directors |  | — |  |  | — |  |  | 2,404 |  |  | — |  |  | — |  |  | — |  |  | 2,404 |  |  | — |  |  | 2,404 |
Purchase of common stock |  | — |  |  | — |  |  | — |  |  | (63,546) |  |  | — |  |  | — |  |  | (63,546) |  |  | — |  |  | (63,546) |
Other |  | — |  |  | 2 |  |  | (67) |  |  | 179 |  |  | — |  |  | — |  |  | 114 |  |  | — |  |  | 114 |
Net earnings |  | — |  |  | — |  |  | — |  |  | — |  |  | 82,266 |  |  | — |  |  | 82,266 |  |  | — |  |  | 82,266 |
Dividends ($0.24 per common share) |  | — |  |  | — |  |  | — |  |  | — |  |  | (9,555) |  |  | — |  |  | (9,555) |  |  | — |  |  | (9,555) |
Other comprehensive income: |  |  |  |  |  |  |  |  |  |  |  |  |  | — |  |  |  |  |
Pension funded status adjustment (net of tax benefit of $32) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 87 |  |  | 87 |  |  | — |  |  | 87 |
Net unrealized gain (loss) on derivative instruments (net of tax of $2,392) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (7,842) |  |  | (7,842) |  |  | — |  |  | (7,842) |
Foreign currency translation adjustment |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 28,685 |  |  | 28,685 |  |  | 124 |  |  | 28,809 |
Balance at September 29, 2024 |  | $ | — |  |  | $ | 567 |  |  | $ | 644,162 |  |  | $ | (910,650) |  |  | $ | 2,297,431 |  |  | $ | (193,443) |  |  | $ | 1,838,067 |  |  | $ | 3,529 |  |  | $ | 1,841,596 |
Components of Accumulated Other Comprehensive Income | The components of AOCI, net of tax, as of September 28, 2025 and March 31, 2025, are as follows:
|  | March 31, 2025 |  | Before Reclassifications |  | Amounts Reclassified from AOCI |  | September 28, 2025
Pension funded status adjustment |  | $ | (10,374) |  |  | $ | — |  |  | $ | 245 |  |  | $ | (10,129) |
Net unrealized gain (loss) on derivative instruments |  | (269) |  |  | (2,570) |  |  | 2,084 |  |  | (755) |
Foreign currency translation adjustment (1) |  | (236,836) |  |  | 27,067 |  |  | — |  |  | (209,769) |
Accumulated other comprehensive (loss) income |  | $ | (247,479) |  |  | $ | 24,497 |  |  | $ | 2,329 |  |  | $ | (220,653) |
(1) Foreign currency translation adjustment for the six months ended September 28, 2025 includes a $39,411 loss (net of taxes of $12,020) 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 second quarter ended September 28, 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 |  | $ | 1,978 |  |  | Cost of goods sold
Tax benefit |  | (462) |  |  |
Net unrealized loss on derivative instruments, net of tax |  | $ | 1,516 |  |  |
Derivatives in net investment hedging relationships: |  |  |  |
Net unrealized gain on derivative instruments |  | $ | (4,076) |  |  | Interest expense
Tax expense |  | 953 |  |  |
Net unrealized gain on derivative instruments, net of tax |  | $ | (3,123) |  |  |
Defined benefit pension costs: |  |  |  |
Prior service costs and deferrals |  | $ | 159 |  |  | Net periodic benefit cost, included in other (income) expense, net - See Note 14
Tax benefit |  | (37) |  |  |
Net periodic benefit cost, net of tax |  | $ | 122 |  |  |
The following table presents reclassifications from AOCI during the six months ended September 28, 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 |  | $ | 2,721 |  |  | Cost of goods sold
Tax benefit |  | (637) |  |  |
Net unrealized loss on derivative instruments, net of tax |  | $ | 2,084 |  |  |
Derivatives in net investment hedging relationships: |  |  |  |
Net unrealized gain on derivative instruments |  | $ | (2,903) |  |  | Interest expense
Tax expense |  | 679 |  |  |
Net unrealized gain on derivative instruments, net of tax |  | $ | (2,224) |  |  |
Defined benefit pension costs: |  |  |  |
Prior service costs and deferrals |  | $ | 319 |  |  | Net periodic benefit cost, included in other (income) expense, net - See Note 14
Tax benefit |  | (74) |  |  |
Net periodic benefit cost, net of tax |  | $ | 245 |  |  |
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 |  |  |

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481694/830-30-45-20 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-2 + Details
Name: | us-gaap_ScheduleOfStockholdersEquityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration