XML 46 R36.htm IDEA: XBRL DOCUMENT v3.20.2
Stockholders' Equity and Noncontrolling Interests (Tables)
 6 Months Ended
Oct. 04, 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 six months ended October 4, 2020:
 
Shares outstanding as of March 31, 202042,323,305 
Shares issued under equity-based compensation plans, net of equity awards surrendered for option price and taxes251,888 
Shares outstanding as of October 4, 202042,575,193 
Components Of Accumulated Other Comprehensive Income
The components of AOCI, net of tax, as of October 4, 2020 and March 31, 2020, are as follows:
March 31, 2020Before ReclassificationsAmounts Reclassified from AOCIOctober 4, 2020
Pension funded status adjustment$(22,794)$— $596 $(22,198)
Net unrealized (loss) gain on derivative instruments(5,923)(2,812)6,625 (2,110)
Foreign currency translation adjustment(186,289)60,828 — (125,461)
Accumulated other comprehensive (loss) income$(215,006)$58,016 $7,221 $(149,769)
Reclassification from Accumulated Other Comprehensive Income
The following table presents reclassifications from AOCI during the second quarter ended October 4, 2020:
Components of AOCI Amounts Reclassified from AOCILocation of (Gain) Loss Recognized on Income Statement
Derivatives in cash flow hedging relationships:
Net unrealized loss on derivative instruments$4,597 Cost of goods sold
Tax benefit(1,088)
Net unrealized loss on derivative instruments, net of tax$3,509 
Defined benefit pension costs:
Prior service costs and deferrals$391 Net periodic benefit cost, included in other (income) expense, net - See Note 13
Tax benefit(86)
Net periodic benefit cost, net of tax$305 

The following table presents reclassifications from AOCI during the six months ended October 4, 2020:
Components of AOCI Amounts Reclassified from AOCILocation of (Gain) Loss Recognized on Income Statement
Derivatives in cash flow hedging relationships:
Net unrealized loss on derivative instruments$8,679 Cost of goods sold
Tax benefit(2,054)
Net unrealized loss on derivative instruments, net of tax$6,625 
Defined benefit pension costs:
Prior service costs and deferrals$768 Net periodic benefit cost, included in other (income) expense, net - See Note 13
Tax benefit(172)
Net periodic benefit cost, net of tax$596 
The following table presents reclassifications from AOCI during the second quarter ended September 29, 2019:

Components of AOCIAmounts Reclassified from AOCILocation of (Gain) Loss Recognized on Income Statement
Derivatives in cash flow hedging relationships:
Net unrealized loss on derivative instruments$3,110 Cost of goods sold
Tax benefit(736)
Net unrealized loss on derivative instruments, net of tax$2,374 
Defined benefit pension costs:
Prior service costs and deferrals$296 Net periodic benefit cost, included in other (income) expense, net - See Note 13
Tax benefit(59)
Net periodic benefit cost, net of tax$237 

The following table presents reclassifications from AOCI during the six months ended September 29, 2019:

Components of AOCIAmounts Reclassified from AOCILocation of (Gain) Loss Recognized on Income Statement
Derivatives in cash flow hedging relationships:
Net unrealized loss on derivative instruments$2,452 Cost of goods sold
Tax benefit(580)
Net unrealized loss on derivative instruments, net of tax$1,872 
Defined benefit pension costs:
Prior service costs and deferrals$601 Net periodic benefit cost, included in other (income) expense, net - See Note 13
Tax benefit(127)
Net periodic benefit cost, net of tax$474 
Schedule of Change in Stockholders Equity
The following demonstrates the change in equity attributable to EnerSys stockholders and nonredeemable noncontrolling interests during the second quarter and six months ended October 4, 2020:
(In Thousands, Except Per Share Data)

Preferred
Stock		Common
Stock		Additional Paid-in
Capital		Treasury
Stock		Retained
Earnings		Accumulated
Other
Comprehensive
Income (Loss)		Contra-EquityTotal
EnerSys
Stockholders’
Equity		Non-
redeemable
Non-
Controlling
Interests		Total
Equity
Balance at March 31, 2020$— $551 $529,100 $(564,376)$1,556,980 $(215,006)$(6,724)$1,300,525 $3,537 $1,304,062 
Stock-based compensation— — 5,053 — — — — 5,053 — 5,053 
Exercise of stock options — 2 479 — — — — 481 — 481 
Shares issued under equity awards (taxes paid related to net share settlement of equity awards), net— — (3,135)— — — — (3,135)— (3,135)
Other— — (123)299 — — — 176 — 176 
Net earnings — — — — 35,183 — — 35,183 — 35,183 
Dividends ($0.175 per common share)— — 172 — (7,600)— — (7,428)— (7,428)
Other comprehensive income:
Pension funded status adjustment (net of tax benefit of $86)— — — — — 291 — 291 — 291 
Net unrealized gain (loss) on derivative instruments (net of tax expense of $726)— — — — — 2,343 — 2,343 — 2,343 
Foreign currency translation adjustment— — — — — 28,139 — 28,139 8 28,147 
Balance at July 5, 2020$— $553 $531,546 $(564,077)$1,584,563 $(184,233)$(6,724)$1,361,628 $3,545 $1,365,173 
Stock-based compensation— — 5,533 — — — — 5,533 — 5,533 
Exercise of stock options— 1 1,284 — — — — 1,285 — 1,285 
Shares issued under equity awards (taxes paid related to net share settlement of equity awards), net— — (1,467)— — — — (1,467)— (1,467)
Contra equity - adjustment to indemnification receivable for acquisition related tax liability— — — — — — 1,451 1,451 — 1,451 
Other— — (7)224 — — — 217 — 217 
Net earnings— — — — 35,731 — — 35,731 — 35,731 
Dividends ($0.175 per common share)— — 203 — (7,654)— — (7,451)— (7,451)
Other comprehensive income:
Pension funded status adjustment (net of tax benefit of $86)— — — — — 305 — 305 — 305 
Net unrealized gain (loss) on derivative instruments (net of tax expense of $454)— — — — — 1,470 — 1,470 — 1,470 
Foreign currency translation adjustment— — — — — 32,689 — 32,689 144 32,833 
Balance at October 4, 2020$— $554 $537,092 $(563,853)$1,612,640 $(149,769)$(5,273)$1,431,391 $3,689 $1,435,080 
The following demonstrates the change in equity attributable to EnerSys stockholders and nonredeemable noncontrolling interests during the second quarter and six months ended September 29, 2019:
(In Thousands, Except Per Share Data)

Preferred
Stock		Common
Stock		Additional Paid-in
Capital		Treasury
Stock		Retained
Earnings		Accumulated
Other
Comprehensive
Income (Loss)		Contra-EquityTotal
EnerSys
Stockholders’
Equity		Non-
redeemable
Non-
Controlling
Interests		Total
Equity
Balance at March 31, 2019$— $548 $512,696 $(530,760)$1,450,325 $(142,682)$(7,840)$1,282,287 $3,730 $1,286,017 
Stock-based compensation— — 3,874 — — — — 3,874 — 3,874 
Exercise of stock options — 3 35 — — — — 38 — 38 
Shares issued under equity awards (taxes paid related to net share settlement of equity awards), net— — (6,081)— — — — (6,081)— (6,081)
Purchase of common stock— — — (23,029)— — — (23,029)— (23,029)
Other— — (80)— — — — (80)— (80)
Net earnings — — — — 48,636 — — 48,636 — 48,636 
Dividends ($0.175 per common share)— — 133 — (7,632)— — (7,499)— (7,499)
Other comprehensive income:
Pension funded status adjustment (net of tax benefit of $68)— — — — — 237 — 237 — 237 
Net unrealized gain (loss) on derivative instruments (net of tax benefit of $720)— — — — — (2,329)— (2,329)— (2,329)
Foreign currency translation adjustment— — — — — (3,128)— (3,128)(83)(3,211)
Balance at June 30, 2019$— $551 $510,577 $(553,789)$1,491,329 $(147,902)$(7,840)$1,292,926 $3,647 $1,296,573 
Stock-based compensation— — 4,994 — — — — 4,994 — 4,994 
Exercise of stock options— — (13)— — — — (13)— (13)
Shares issued under equity awards (taxes paid related to net share settlement of equity awards), net— — (169)— — — — (169)— (169)
Purchase of common stock— — — (11,532)— — — (11,532)— (11,532)
Contra equity - adjustment to indemnification receivable for acquisition related tax liability— — — — — — 2,002 2,002 — 2,002 
Other— — — 213 — — — 213 — 213 
Net earnings— — — — 62,698 — — 62,698 — 62,698 
Dividends ($0.175 per common share)— — 209 — (7,608)— — (7,399)— (7,399)
Other comprehensive income:
Pension funded status adjustment (net of tax benefit of $59)— — — — — 237 — 237 — 237 
Net unrealized gain (loss) on derivative instruments (net of tax benefit of $1,112)— — — — — 3,586 — 3,586 — 3,586 
Foreign currency translation adjustment— — — — — (32,068)— (32,068)(131)(32,199)
Balance at September 29, 2019$— $551 $515,598 $(565,108)$1,546,419 $(176,147)$(5,838)$1,315,475 $3,516 $1,318,991