XML 64 R20.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Shareholders' Equity
 9 Months Ended
Dec. 31, 2019
Stockholders' Equity Note [Abstract]  
Shareholders' Equity Shareholders’ Equity
 
Share Repurchase Program

In March 2017, the Company's Board of Directors approved the 2017 share buyback program, which authorizes the Company to use up to $250.0 million to purchase up to 17.3 million shares of its own shares. The Company's share buyback program is expected to remain in effect for a period of three years. Shares may be repurchased from time to time on the open market, through block trades or otherwise. Purchases may be started or stopped at any time without prior notice depending on market conditions and other factors. As of December 31, 2019, $172.4 million is still available for repurchase under the 2017 buyback program.

Dividends

During the nine months ended December 31, 2019, the Company declared and paid cash dividends of CHF 0.73 (USD equivalent of $0.74) per share, totaling $124.2 million on the Company's outstanding shares. During the nine months ended December 31, 2018, the Company declared and paid cash dividends of CHF 0.67 (USD equivalent of $0.69) per share, totaling $114.0 million on the Company's outstanding shares.

Any future dividends will be subject to approval of the Company's shareholders.

Accumulated Other Comprehensive Income (Loss)
 
The accumulated other comprehensive income (loss) was as follows (in thousands):
 
 
Accumulated Other Comprehensive Income (Loss)
 
 
Cumulative
Translation
Adjustment (1)
 
Defined
Benefit
Plan (1)
 
Deferred Hedging Losses (1)
 
Total
March 31, 2019
 
$
(92,148
)
 
$
(13,932
)
 
$
382

 
$
(105,698
)
Other comprehensive income (loss)
 
(2,639
)
 
(114
)
 
(1,041
)
 
(3,794
)
December 31, 2019
 
$
(94,787
)
 
$
(14,046
)
 
$
(659
)
 
$
(109,492
)
 
(1)        Tax effect was not significant as of December 31 or March 31, 2019.