Stockholders' Equity

9 Months Ended

Dec. 31, 2013

Stockholders' Equity Note [Abstract]

Stockholders' Equity [Text Block]

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, 2013	87,135	(14,077	)
Common stock issuance (a)	166
Reissuance of treasury stock for stock option exercises		605
Balance at December 31, 2013	87,301	(13,472	)

(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, 2013	$	871	$	729,850	$	1,861,395		$	4,438		$	(1,059,571	)	$	1,536,983
Net earnings					262,427									262,427
Other comprehensive income (loss), net of tax								(1,601		)				(1,601		)
Common stock issuances and reissuances from treasury stock - employee benefit plans (b)	2		12,972		(15,740		)				45,511			42,745
Excess tax benefit from stock option exercises			9,426											9,426
Dividends paid on common stock ($1.44 per share)					(105,936		)							(105,936		)
Stock-based compensation (c)			24,542											24,542
Balance at December 31, 2013	$	873	$	776,790	$	2,002,146		$	2,837		$	(1,014,060	)	$	1,768,586

___________________

^(a)  Issuance of common stock for purchases through the Employee Stock Purchase Plan.

^(b)  Issuance of common stock for purchases through the Employee Stock Purchase Plan and reissuance of treasury stock for stock option exercises.

^(c)  The Company recognized compensation expense with a corresponding amount recorded to capital in excess of par value.

The table below presents the gross and net changes in the balances within each component of AOCI for the nine months endedDecember 31, 2013.

(In thousands)	Foreign Currency Translation Adjustments			Treasury Rate Lock Agreement			Total Accumulated Other Comprehensive Income (Loss)
Balance at March 31, 2013	$	5,253		$	(815	)	$	4,438
Other comprehensive income (loss) before reclassifications	(1,845		)				(1,845		)
Amounts reclassified from AOCI				388			388
Tax effect of other comprehensive income items				(144		)	(144		)
Net after-tax other comprehensive income (loss)	(1,845		)	244			(1,601		)
Balance at December 31, 2013	$	3,408		$	(571	)	$	2,837

The table below represents the reclassifications out of AOCI and their effect on the respective line items of the Consolidated Statements of Earnings impacted by the reclassifications for the nine months endedDecember 31, 2013 and 2012.

(In thousands)
Accumulated Other Comprehensive Income Components	Amounts Reclassified from Accumulated Other Comprehensive Income			Affected Line Items in the Consolidated Statements of Earnings
Nine Months Ended December 31, 2013:
Losses on cash flow hedges:
Treasury rate lock commitment	$	388		Interest expense, net
	(144		)	Income taxes
	$	244		Net earnings
Nine Months Ended December 31, 2012:
Losses on cash flow hedges:
Treasury rate lock commitment	$	388		Interest expense, net
	(144		)	Income taxes
	$	244		Net earnings