XML 45 R31.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stockholders' Equity (Tables)
 9 Months Ended
Dec. 31, 2012
Stockholders' Equity Note [Abstract]  
Schedule of Stockholders' Equity
Changes in stockholders’ equity were as follows:
(In thousands of shares)
Shares of
Common
Stock $0.01
Par Value
 
Shares of
Treasury
Stock
Balance at March 31, 2012
86,874

 
10,207

Common stock issuance (a)
200

 
 
Reissuance of treasury stock for stock option exercises
 
 
(2,164
)
Purchase of treasury stock (b)
 
 
2,471

Balance at December 31, 2012
87,074

 
10,514

(In thousands)
Common
Stock
 
Capital in
Excess of
Par Value
 
Retained
Earnings
 
Accumulated
Other
Comprehensive
Income
 
Treasury
Stock
 
Total
Stockholders’
Equity
Balance at March 31, 2012
$
869

 
$
649,551

 
$
1,701,478

 
$
5,386

 
$
(607,026
)
 
$
1,750,258

Net earnings
 
 
 
 
254,733

 
 
 
 
 
254,733

Other comprehensive income
 
 
 
 
 
 
605

 
 
 
605

Common stock issuances and reissuances from treasury stock - employee benefit plans (c) 
2

 
12,779

 
(52,135
)
 
 
 
130,226

 
90,872

Tax benefit from stock option exercises
 
 
33,352

 
 
 
 
 
 
 
33,352

Dividends paid on common stock ($1.20 per share)
 
 
 
 
(92,655
)
 
 
 
 
 
(92,655
)
Stock-based compensation (d)
 
 
22,744

 
 
 
 
 
 
 
22,744

Purchase of treasury stock (b)
 
 
 
 
 
 
 
 
(222,163
)
 
(222,163
)
Balance at December 31, 2012
$
871

 
$
718,426

 
$
1,811,421

 
$
5,991

 
$
(698,963
)
 
$
1,837,746

___________________
(a) 
Issuance of common stock for purchases through the Employee Stock Purchase Plan.
(b) 
On October 23, 2012, the Company announced a $600 million share repurchase program. During the three months ended December 31, 2012, the Company repurchased 2.47 million shares on the open market at an average price of $89.93.
(c) 
Issuance of common stock for purchases through the Employee Stock Purchase Plan and reissuance of treasury stock for stock option exercises.
(d) 
The Company recognized compensation expense with a corresponding amount recorded to capital in excess of par value.
Gross and Net Changes in the Balances within Each Component of AOCI
The table below presents the gross and net changes in the balances within each component of AOCI for the nine months ended December 31, 2012.
(In thousands)
Foreign Currency
Translation
Adjustments
 
Treasury Rate
Lock Agreement
 
Total Accumulated
Other Comprehensive
Income (Loss)
Balance at March 31, 2012
$
6,527

 
$
(1,141
)
 
$
5,386

Foreign currency translation adjustments
361

 
 
 
361

Derivative instruments:
 
 
 
 
 
Reclassification of hedging loss included in net earnings
 
 
388

 
388

Tax effect of other comprehensive income items
 
 
(144
)
 
(144
)
Net change after tax of other comprehensive income items
361

 
244

 
605

Balance at December 31, 2012
$
6,888

 
$
(897
)
 
$
5,991