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Consolidated Condensed Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2023
Jan. 01, 2023
Dec. 31, 2023
Jan. 01, 2023
Net sales $ 861,548 $ 920,227 $ 2,671,150 $ 2,718,635
Inventory adjustment relating to exit activities 16,067 (863) 19,165 681
Gross profit 248,648 213,648 728,573 594,074
Operating expenses 143,961 134,317 432,284 398,752
Restructuring and other exit charges 6,070 801 19,613 12,394
Operating earnings 92,597 78,530 270,656 182,928
Interest expense 11,718 17,502 39,179 44,560
Other expense (income), net 2,221 3,180 5,868 3,507
Earnings before income taxes 78,658 57,848 225,609 134,861
Income tax expense 2,500 13,438 17,425 25,001
Net earnings attributable to EnerSys stockholders $ 76,158 $ 44,410 $ 208,184 $ 109,860
Net earnings per common share attributable to EnerSys stockholders:        
Basic (in dollars per share) $ 1.88 $ 1.09 $ 5.11 $ 2.69
Diluted (in dollars per share) 1.86 1.08 5.02 2.66
Dividends per common share (in dollars per share) $ 0.225 $ 0.175 $ 0.625 $ 0.525
Weighted average shares of common stock outstanding:        
Basic (in shares) 40,451,279 40,835,636 40,770,524 40,787,654
Diluted (in shares) 41,047,893 41,281,693 41,476,950 41,267,320
Impairment of indefinite-lived intangibles $ 6,020 $ 0 $ 6,020 $ 0
Product        
Net sales 751,856 819,457 2,348,815 2,417,051
Cost of goods sold 511,014 624,697 1,672,360 1,883,401
Service        
Net sales 109,692 100,770 322,335 301,584
Cost of goods sold $ 85,819 $ 82,745 $ 251,052 $ 240,479