Earnings Per Share

12 Months Ended

Mar. 31, 2018

The following table sets forth the reconciliation from basic to diluted weighted-average number of common shares outstanding and the calculations of net earnings per common share attributable to EnerSys stockholders.



	Fiscal year ended March 31,
	2018		2017		2016
Net earnings attributable to EnerSys stockholders	$	119,594	$	160,214	$	136,150
Weighted-average number of common shares outstanding:
Basic	42,612,036		43,389,333		44,276,713
Dilutive effect of:
Common shares from exercise and lapse of equity awards, net of shares assumed reacquired	507,820		623,210		644,036
Convertible Notes	—		—		553,381
Diluted weighted-average number of common shares outstanding	43,119,856		44,012,543		45,474,130
Basic earnings per common share attributable to EnerSys stockholders	$	2.81	$	3.69	$	3.08
Diluted earnings per common share attributable to EnerSys stockholders	$	2.77	$	3.64	$	2.99
Anti-dilutive equity awards not included in diluted weighted-average common shares	59,482		1,295		—

In fiscal 2016, the Company paid $172,388, in aggregate, towards the principal balance of the Convertible Notes, including accreted interest, cash equivalent of fractional shares issued towards conversion premium and settled the conversion premium by issuing, in the aggregate, 1,889,431 shares of its common stock, which were included in the diluted weighted average shares outstanding for the period prior to the extinguishment.