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Consolidated Statements of Stockholders' Equity - USD ($)
$ in Millions
Total
Centa China
Redeemable Convertible Preferred Stock
Common Stock
Preferred Stock
[1]
Additional Paid-In Capital
Retained (Deficit) Earnings
Accumulated Other Comprehensive (Loss) Income
Non-controlling interest
[2]
Beginning balance at Mar. 31, 2016 $ 588.0     $ 1.0 $ 0.0 $ 856.2 $ (129.6) $ (139.0) $ (0.6)
Comprehensive income (loss):                  
Net income 74.1           74.1    
Foreign currency translation adjustments (12.8)             (12.8)  
Change in unrealized loss on interest rate derivatives, net of income tax expense 7.4             7.4  
Change in pension and other post retirement defined benefit plans, net of income tax expense 7.4             7.4  
Total comprehensive income 76.1           74.1 2.0  
Acquisition of non-controlling interest (0.3)         (0.9)     0.6
Stock-based compensation expense 13.4         13.4      
Proceeds from exercise of stock options 11.0         11.0      
Preferred stock issuance, net 389.7         389.7      
Preferred stock dividends (7.3)         (7.3)      
Ending balance at Mar. 31, 2017 1,070.6     1.0 0.0 1,262.1 (55.5) (137.0)  
Comprehensive income (loss):                  
Cash paid, net of cash acquired $ 213.7                
Non-controlling interest percentage 49.00%                
Net income $ 76.0           75.9   0.1
Foreign currency translation adjustments 57.1             57.1  
Change in unrealized loss on interest rate derivatives, net of income tax expense 5.8             5.8  
Change in pension and other post retirement defined benefit plans, net of income tax expense 0.0                
Total comprehensive income 138.9           75.9 62.9 0.1
Stock-based compensation expense 20.5         20.5      
Proceeds from exercise of stock options 7.2         7.2      
Taxes withheld and paid on employees' share-based payment awards (1.2)         (1.2)      
Preferred stock dividends (23.2)         (10.8) (12.4)    
Ending balance at Mar. 31, 2018 1,212.8     1.0 0.0 1,277.8 8.0 (74.1) 0.1
Comprehensive income (loss):                  
Cash paid, net of cash acquired $ 173.6                
Shares issued (in shares)     402,500            
Par value (in dollars per share)     $ 0.01            
Non-controlling interest percentage 30.00%                
Net income $ 34.3           34.3    
Foreign currency translation adjustments (17.9)             (17.9)  
Change in unrealized loss on interest rate derivatives, net of income tax expense 4.5             4.5  
Change in pension and other post retirement defined benefit plans, net of income tax expense (9.1)             (9.1)  
Total comprehensive income 11.8           34.3 (22.5)  
Acquisition of non-controlling interest 2.3               2.3
Stock-based compensation expense 22.6         22.6      
Proceeds from exercise of stock options 7.9         7.9      
Taxes withheld and paid on employees' share-based payment awards (3.2)         (3.2)      
Preferred stock dividends (23.2)         (11.6) (11.6)    
Ending balance at Mar. 31, 2019 1,231.0     $ 1.0 $ 0.0 $ 1,293.5 $ 30.7 $ (96.6) $ 2.4
Comprehensive income (loss):                  
Dividend rate, percentage     5.75%            
Cash paid, net of cash acquired $ 23.4                
Shares issued (in shares)     402,500            
Par value (in dollars per share)     $ 0.01            
Non-controlling interest percentage 30.00% 5.00%              
[1] On December 7, 2016, the Company issued 8,050,000 depositary shares, each of which represents a 1/20th interest in a share of 5.75% Series A Mandatory Convertible Preferred Stock (the "Series A Preferred Stock"), for an offering price of $50 per depository share. Shares of Series A Preferred Stock have a par value of $0.01 per share.
[2] Represents a 49% non-controlling interest in a Water Management joint venture at the start of fiscal 2017. During the first quarter of fiscal 2017, the Company acquired the remaining non-controlling interest for a cash purchase price of $0.3 million. During fiscal 2018, represents a 30% non-controlling interest in two Process & Motion Control controlled subsidiaries. During fiscal 2019, represents a 30% non-controlling interest in two Process & Motion Control controlled subsidiaries and a 5% non-controlling interest in another Process & Motion Control joint venture relationship. Refer to Note 3, Acquisitions for further detail.