Stockholders' Equity and Noncontrolling Interests (Tables)

3 Months Ended

Jul. 05, 2020

Equity [Abstract]

Change In Number Of Shares Of Common Stock Outstanding

The following demonstrates the change in the number of shares of common stock outstanding during the first quarter ended July 5, 2020:

Shares outstanding as of March 31, 2020	42,323,305
Shares issued under equity-based compensation plans, net of equity awards surrendered for option price and taxes	141,889
Shares outstanding as of July 5, 2020	42,465,194

Components Of Accumulated Other Comprehensive Income

The components of AOCI, net of tax, as of July 5, 2020 and March 31, 2020, are as follows:

	March 31, 2020		Before Reclassifications		Amounts Reclassified from AOCI		July 5, 2020
Pension funded status adjustment	$	(22,794)	$	—	$	291	$	(22,503)
Net unrealized (loss) gain on derivative instruments	(5,923)		(773)		3,116		(3,580)
Foreign currency translation adjustment	(186,289)		28,139		—		(158,150)
Accumulated other comprehensive (loss) income	$	(215,006)	$	27,366	$	3,407	$	(184,233)

Reclassification from Accumulated Other Comprehensive Income

The following table presents reclassifications from AOCI during the first quarter ended July 5, 2020:

Components of AOCI	Amounts Reclassified from AOCI		Location of (Gain) Loss Recognized on Income Statement
Derivatives in cash flow hedging relationships:
Net unrealized loss on derivative instruments	$	4,082	Cost of goods sold
Tax benefit	(966)
Net unrealized loss on derivative instruments, net of tax	$	3,116
Defined benefit pension costs:
Prior service costs and deferrals	$	377	Net periodic benefit cost, included in other (income) expense, net - See Note 13
Tax benefit	(86)
Net periodic benefit cost, net of tax	$	291

The following table presents reclassifications from AOCI during the first quarter ended June 30, 2019:

Components of AOCI	Amounts Reclassified from AOCI		Location of (Gain) Loss Recognized on Income Statement
Derivatives in cash flow hedging relationships:
Net unrealized gain on derivative instruments	$	(658)	Cost of goods sold
Tax expense	156
Net unrealized gain on derivative instruments, net of tax	$	(502)
Defined benefit pension costs:
Prior service costs and deferrals	$	305	Net periodic benefit cost, included in other (income) expense, net - See Note 13
Tax benefit	(68)
Net periodic benefit cost, net of tax	$	237