v3.26.1
Stockholders’ Equity
 12 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Stockholders’ Equity Stockholders’ Equity
Preferred Stock and Common Stock

The Company’s certificate of incorporation authorizes the issuance of up to 1,000,000 shares of preferred stock, par value $0.01 per share (“Preferred Stock”). At March 31, 2026 and 2025, no shares of Preferred Stock were issued or outstanding. The Board of Directors of the Company has the authority to specify the terms of any Preferred Stock at the time of issuance.

The following demonstrates the change in the number of shares of common stock outstanding during fiscal years ended March 31, 2024, 2025 and 2026, respectively:
 
Shares outstanding as of March 31, 2023
40,901,059 
Purchase of treasury stock(1,002,415)
Shares issued towards equity-based compensation plans, net of equity awards surrendered for option price and taxes373,292 
Shares outstanding as of March 31, 2024
40,271,936 
Purchase of treasury stock(1,568,292)
Shares issued under equity-based compensation plans, net of equity awards surrendered for option price and taxes488,417 
Shares outstanding as of March 31, 2025
39,192,061 
Purchase of treasury stock(3,457,688)
Shares issued under equity-based compensation plans, net of equity awards surrendered for option price and taxes727,838 
Shares outstanding as of March 31, 2026
36,462,211 



Treasury Stock

In fiscal 2026, the Company purchased 3,457,688 shares for $373,523. The Company purchased 1,568,292 shares for $153,961 in fiscal 2025 and 1,002,415 shares for $95,690 in fiscal 2024. At March 31, 2026 and 2025, the Company held 21,089,229 and 17,647,529 shares as treasury stock, respectively.

Treasury Stock Reissuance

During fiscal 2026, fiscal 2025 and fiscal 2024, the Company also issued 15,988, 12,751 and 13,981 shares out of its treasury stock, respectively, valued at $62.55 per share, on a FIFO basis, to participants under the Company's Employee Stock Purchase Plan.
Accumulated Other Comprehensive Income (“AOCI”)

The components of AOCI, net of tax, are as follows:
 
Beginning
Balance		Before ReclassificationsAmount Reclassified from AOCIEnding
Balance
March 31, 2026
Pension funded status adjustment$(10,374)$(372)$8,110 $(2,636)
Net unrealized gain (loss) on derivative instruments(269)(7,079)2,786 (4,562)
Foreign currency translation adjustment (1)
(236,836)31,770 — (205,066)
Accumulated other comprehensive loss$(247,479)$24,319 $10,896 $(212,264)
March 31, 2025
Pension funded status adjustment$(9,798)$132 $(708)$(10,374)
Net unrealized gain (loss) on derivative instruments755 (2,339)1,315 (269)
Foreign currency translation adjustment (1)
(195,808)(41,028)— (236,836)
Accumulated other comprehensive loss$(204,851)$(43,235)$607 $(247,479)
March 31, 2024
Pension funded status adjustment$(4,423)$(5,672)$297 $(9,798)
Net unrealized gain (loss) on derivative instruments1,411 6,283 (6,939)755 
Foreign currency translation adjustment (1)
(180,462)(15,346)— (195,808)
Accumulated other comprehensive loss$(183,474)$(14,735)$(6,642)$(204,851)
(1) Foreign currency translation adjustment for the fiscal year ended March 31, 2026, March 31, 2025, March 31, 2024 and includes a $28,345 loss (net of taxes of $8,643), $10,600 gain (net of taxes of $3,235) and $2,615 loss (net of taxes $797), respectively, related to the Company's cross-currency fixed interest rate swap contracts.

The following table presents reclassifications from AOCI during the twelve months ended March 31, 2026:
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$3,637 Cost of goods sold
Tax benefit(851)
Net unrealized loss on derivative instruments, net of tax$2,786 
Derivatives in net investment hedging relationships:
Net unrealized gain on derivative instruments$(7,029)Interest expense
Tax expense1,645 
Net unrealized gain on derivative instruments, net of tax$(5,384)
Defined benefit pension costs:
Prior service costs, deferrals, and settlements$10,011 Net periodic benefit cost, included in other (income) expense, net - See Note 16
Tax benefit(1,901)
Net periodic benefit cost, net of tax$8,110 




The following table presents reclassifications from AOCI during the twelve months ended March 31, 2025:
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$1,717 Cost of goods sold
Tax benefit(402)
Net unrealized loss on derivative instruments, net of tax$1,315 
Derivatives in net investment hedging relationships:
Net unrealized gain on derivative instruments$(4,413)Interest expense
Tax expense1,032 
Net unrealized gain on derivative instruments, net of tax$(3,381)
Defined benefit pension costs:
Prior service costs and deferrals$(1,027)Net periodic benefit cost, included in other (income) expense, net - See Note 16
Tax benefit319 
Net periodic benefit cost, net of tax$(708)

The following table presents reclassifications from AOCI during the twelve months ended March 31, 2024:

Components of AOCIAmounts Reclassified from AOCILocation of (Gain) Loss Recognized on Income Statement
Derivatives in Cash Flow Hedging Relationships:
Net unrealized gain on derivative instruments$(9,057)Cost of goods sold
Tax benefit2,118 
Net unrealized gain on derivative instruments, net of tax$(6,939)
Derivatives in net investment hedging relationships:
Net unrealized gain on derivative instruments$(713)Interest expense
Tax expense167 
Net unrealized gain on derivative instruments, net of tax$(546)
Defined benefit pension costs:
Prior service costs and deferrals$326 Net periodic benefit cost, included in other (income) expense, net - See Note 16
Tax benefit(29)
Net periodic benefit cost, net of tax$297