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Employee Benefit Plans | 9 Months Ended
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Dec. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Employee Benefit Plans | Employee Benefit Plans Employee Share Purchase Plans and Stock Incentive Plans As of December 31, 2024, the Company offers the 2006 Employee Share Purchase Plan (Non-U.S.), as amended and restated, the 1996 Employee Share Purchase Plan (U.S.), as amended and restated, and the 2006 Stock Incentive Plan, as amended and restated. Shares issued to employees as a result of purchases or exercises under these plans are generally issued from shares held in treasury stock. The following table summarizes the share-based compensation expense and total income tax benefit recognized for share-based awards for the three and nine months ended December 31, 2024 and 2023 (in thousands):
|  | Three months ended December 31, |  | Nine months ended December 31,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Cost of goods sold |  | $ | 2,173 |  |  | $ | 2,189 |  |  | $ | 8,673 |  |  | $ | 6,066 |
Marketing and selling |  | 11,813 |  |  | 8,878 |  |  | 34,133 |  |  | 28,623 |
Research and development |  | 5,043 |  |  | 4,421 |  |  | 15,849 |  |  | 13,568 |
General and administrative |  | 7,164 |  |  | 5,125 |  |  | 17,412 |  |  | 15,935 |
Total share-based compensation expense |  | 26,193 |  |  | 20,613 |  |  | 76,067 |  |  | 64,192 |
Income tax benefit |  | (4,523) |  |  | (3,391) |  |  | (16,901) |  |  | (11,257) |
Total share-based compensation expense, net of income tax benefit |  | $ | 21,670 |  |  | $ | 17,222 |  |  | $ | 59,166 |  |  | $ | 52,935 |
The income tax benefit in the respective periods primarily consisted of tax benefits related to the share-based compensation expense for the period and direct tax benefit realized. Share-based compensation costs capitalized as part of inventory were $1.6 million and $1.4 million for the three months ended December 31, 2024 and 2023, respectively, and $5.9 million and $4.8 million for the nine months ended December 31, 2024 and 2023, respectively. 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 of $1.8 million and $1.9 million recorded for the three months ended December 31, 2024 and 2023, respectively, and $5.3 million and $5.7 million recorded for the nine months ended December 31, 2024 and 2023, respectively, were primarily related to service costs.

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- Definition The entire disclosure for an entity's employee compensation and benefit plans, including, but not limited to, postemployment and postretirement benefit plans, defined benefit pension plans, defined contribution plans, non-qualified and supplemental benefit plans, deferred compensation, share-based compensation, life insurance, severance, health care, unemployment and other benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 710 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/710/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 712 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/712/tableOfContent Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/715/tableOfContent Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/718/tableOfContent + Details
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