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Employee Benefit Plans
6 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Employee Benefit Plans Employee Benefit Plans
 
Employee Share Purchase Plans and Stock Incentive Plans
 
As of September 30, 2025, 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 share-based compensation expense and total income tax benefit recognized for the three and six months ended September 30, 2025 and 2024 (in thousands):
Three Months Ended
September 30,
Six Months Ended
September 30,
 2025202420252024
Cost of goods sold$3,359 $3,902 $5,739 $6,500 
Marketing and selling12,141 10,469 26,071 22,320 
Research and development5,666 5,067 12,017 10,806 
General and administrative9,146 7,031 19,313 10,248 
Total share-based compensation expense30,312 26,469 63,140 49,874 
Income tax benefit(6,015)(4,776)(10,921)(12,378)
Total share-based compensation expense, net of income tax benefit$24,297 $21,693 $52,219 $37,496 

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, including net excess tax benefits recognized from share-based awards vested or exercised during the period.
Share-based compensation costs capitalized as part of inventory were $2.0 million and $1.8 million for the three months ended September 30, 2025 and 2024, respectively, and $4.8 million and $4.3 million for the six months ended September 30, 2025 and 2024, respectively.

Defined Benefit Plans
 
Certain subsidiaries of the Company 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 recorded for each of the three months ended September 30, 2025 and 2024, and $3.5 million recorded for each of the six months ended September 30, 2025 and 2024, were primarily related to service costs.