Employee Benefit Plans

9 Months Ended

Dec. 31, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Employee Share Purchase Plans and Stock Incentive Plans

As of December 31, 2018, the Company offers the 2006 ESPP (2006 Employee Share Purchase Plan (Non-U.S.)), the 1996 ESPP (1996 Employee Share Purchase Plan (U.S.)), the 2006 Plan (2006 Stock Incentive Plan) and the 2012 Plan (2012 Stock Inducement Equity Plan), each as amended.

The following table summarizes the share-based compensation expense and total income tax provision (benefit) recognized for share-based awards for the three and nine months ended December 31, 2018 and 2017 (in thousands):



	Three Months Ended December 31,					Nine Months Ended December 31,
	2018			2017		2018			2017
Cost of goods sold	$	953		$	960	$	2,874		$	2,762
Marketing and selling	4,600			4,624		15,250			13,348
Research and development	1,811			1,621		5,295			4,797
General and administrative	4,491			4,351		13,744			12,332
Total share-based compensation expense	11,855			11,556		37,163			33,239
Income tax provision (benefit)	(2,397		)	3,038		(14,576		)	(11,921		)
Total share-based compensation expense, net of income tax provision (benefit)	$	9,458		$	14,594	$	22,587		$	21,318

The income tax benefit in the respective period primarily consists of tax benefit related to the share-based compensation expense for the period and direct tax benefit realized, including net excess tax benefits recognized from share-based awards vested or exercised during the period. The income tax benefit for the three and nine months ended December 31, 2017 was reduced by the income tax provision resulting from the remeasurement of applicable federal deferred tax assets due to the enactment of H.R.1, also known as the "Tax Cuts and Jobs Act" ("the Tax Act") in the United States on December 22, 2017. See "Note 5 - Income Taxes" for more information.

As of December 31, 2018 and 2017, the balance of capitalized share-based compensation included in inventory was $0.8 million.

Defined Benefit Plans

Certain of the Company’s subsidiaries sponsor defined benefit pension plans or non-retirement post-employment benefits covering substantially all of their employees. Benefits are provided based on employees’ years of service and earnings, or in accordance with applicable employee benefit regulations. The Company’s practice is to fund amounts sufficient to meet the requirements set forth in the applicable employee benefit and tax regulations. The costs recorded of $2.2 million and $2.3 million for the three months ended December 31, 2018 and 2017, respectively, and $6.7 million and $6.9 million for the nine months ended December 31, 2018 and 2017, respectively, were primarily related to service costs.