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Acquisition (Tables)
12 Months Ended
Mar. 31, 2020
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
Accounts receivable
 
$
115,467

Inventories
 
84,297

Other current assets
 
6,822

Other intangible assets
 
332,000

Property, plant and equipment
 
20,987

Other assets
 
9,005

Total assets acquired
 
$
568,578

Accounts payable
 
35,803

Accrued liabilities
 
41,918

Deferred income taxes
 
54,941

Other liabilities
 
12,642

Total liabilities assumed
 
$
145,304

Net assets acquired
 
$
423,274

 
 
 
Purchase price:
 
 
Cash paid for net assets acquired
 
$
650,000

Fair value of shares issued for net assets acquired
 
93,268

Working capital adjustment
 
(766
)
Total purchase consideration
 
742,502

Less: Fair value of acquired identifiable assets and liabilities
 
423,274

Goodwill
 
$
319,228


Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination
The following table summarizes the fair value of Alpha's identifiable intangible assets and their respective lives:
 
 
Type
 
Life in Years
 
Fair Value
Trademarks
 
Indefinite-lived
 
Indefinite
 
$
56,000

Customer relationships
 
Finite-lived
 
14
 
221,000

Technology
 
Finite-lived
 
10
 
55,000

Total identifiable intangible assets
 
 
 
 
 
$
332,000


Business Acquisition, Pro Forma Information
The following unaudited summary information is presented on a consolidated pro forma basis as if the acquisition had occurred on April 1, 2017:

 
 
Fiscal year ended
 
 
March 31, 2019
 
March 31, 2018
Net sales
 
$
3,250,332

 
$
3,124,527

Net earnings attributable to EnerSys stockholders
 
181,915

 
126,965

Net earnings per share attributable to EnerSys stockholders - basic
 
4.19

 
2.90

Net earnings per share attributable to EnerSys stockholders - assuming dilution
 
4.12

 
2.87