EnerSys (ENS) 10-Q 9 Aug 23 2024 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Jul. 02, 2023	Aug. 04, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 02, 2023
Document Transition Report	false
Entity File Number	001-32253
Entity Registrant Name	EnerSys
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	23-3058564
Entity Address, Address Line One	2366 Bernville Road
Entity Address, City or Town	Reading
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	19605
City Area Code	610
Local Phone Number	208-1991
Title of 12(b) Security	Common Stock, $0.01 par value per share
Trading Symbol	ENS
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		41,039,915
Entity Central Index Key	0001289308
Current Fiscal Year End Date	--03-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Condensed Balance

Consolidated Condensed Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jul. 02, 2023	Mar. 31, 2023
Current assets:
Cash and cash equivalents	$ 258,342	$ 346,665
Accounts receivable, net of allowance for doubtful accounts: July 2, 2023 - $9,033; March 31, 2023 - $8,775	566,498	637,817
Inventories, net	809,402	797,798
Prepaid and other current assets	118,804	113,601
Total current assets	1,753,046	1,895,881
Property, plant, and equipment, net	512,970	513,283
Goodwill	688,442	676,715
Other intangible assets, net	354,662	360,412
Deferred taxes	49,153	49,152
Other assets	122,704	121,231
Total assets	3,480,977	3,616,674
Current liabilities:
Short-term debt	30,962	30,642
Accounts payable	343,336	378,641
Accrued expenses	261,353	309,037
Total current liabilities	635,651	718,320
Long-term debt, net of unamortized debt issuance costs	907,768	1,041,989
Deferred taxes	60,767	61,118
Other liabilities	193,612	191,366
Total liabilities	1,797,798	2,012,793
Commitments and contingencies
Equity:
Preferred Stock, $0.01 par value, 1,000,000 shares authorized, no shares issued or outstanding at July 2, 2023 and at March 31, 2023	0	0
Common Stock, $0.01 par value per share, 135,000,000 shares authorized, 56,129,710 shares issued and 41,030,034 shares outstanding at July 2, 2023; 56,004,613 shares issued and 40,901,059 shares outstanding at March 31, 2023	565	560
Additional paid-in capital	612,295	596,464
Treasury stock at cost, 15,099,676 shares held as of July 2, 2023 and 15,103,554 shares held as of March 31, 2023	(740,742)	(740,956)
Retained earnings	1,989,588	1,930,148
Contra equity - indemnification receivable	(2,463)	(2,463)
Accumulated other comprehensive loss	(179,476)	(183,474)
Total EnerSys stockholders’ equity	1,679,767	1,600,279
Nonredeemable noncontrolling interests	3,412	3,602
Total equity	1,683,179	1,603,881
Total liabilities and equity	$ 3,480,977	$ 3,616,674

Consolidated Condensed Balanc_2

Consolidated Condensed Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jul. 02, 2023	Mar. 31, 2023
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 9,033	$ 8,775
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares, issued (in shares)	0	0
Preferred stock, shares, outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	135,000,000	135,000,000
Common stock, shares, issued (in shares)	56,129,710	56,004,613
Common stock, shares, outstanding (in shares)	41,030,034	40,901,059
Treasury stock, shares (in shares)	15,099,676	15,103,554

Consolidated Condensed Statemen

Consolidated Condensed Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Jul. 02, 2023	Jul. 03, 2022
Net sales	$ 908,569	$ 898,971
Inventory adjustment relating to exit activities	3,098	0
Gross profit	240,306	185,535
Operating expenses	144,552	127,078
Restructuring and other exit charges	6,309	8,328
Operating earnings	89,445	50,129
Interest expense	15,244	11,597
Other expense (income), net	668	1,773
Earnings before income taxes	73,533	36,759
Income tax expense	6,736	5,781
Net earnings attributable to EnerSys stockholders	$ 66,797	$ 30,978
Net earnings per common share attributable to EnerSys stockholders:
Basic (in dollars per share)	$ 1.63	$ 0.76
Diluted (in dollars per share)	1.60	0.75
Dividends per common share (in dollars per share)	$ 0.175	$ 0.175
Weighted average shares of common stock outstanding:
Basic (in shares)	40,937,334	40,786,336
Diluted (in shares)	41,698,324	41,352,646
Product
Net sales	$ 807,647	$ 799,147
Weighted average shares of common stock outstanding:
Cost of goods sold	587,203	635,859
Service
Net sales	100,922	99,824
Weighted average shares of common stock outstanding:
Cost of goods sold	$ 77,962	$ 77,577

Consolidated Condensed Statem_2

Consolidated Condensed Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Jul. 02, 2023	Jul. 03, 2022
Statement of Comprehensive Income [Abstract]
Net earnings	$ 66,797	$ 30,978
Other comprehensive income (loss):
Net unrealized gain (loss) on derivative instruments, net of tax	1,786	(8,234)
Pension funded status adjustment, net of tax	20	89
Foreign currency translation adjustment	2,002	(52,220)
Total other comprehensive income (loss), net of tax	3,808	(60,365)
Total comprehensive income (loss)	70,605	(29,387)
Comprehensive income (loss) attributable to noncontrolling interests	(190)	(210)
Comprehensive income (loss) attributable to EnerSys stockholders	$ 70,795	$ (29,177)

Consolidated Condensed Statem_3

Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Jul. 02, 2023	Jul. 03, 2022
Cash flows from operating activities
Net earnings	$ 66,797	$ 30,978
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	22,693	23,624
Write-off of assets relating to exit activities	3,343	7,445
Derivatives not designated in hedging relationships:
Net (losses) gains	503	(216)
Cash (settlements) proceeds	657	(600)
Provision for doubtful accounts	504	(173)
Deferred income taxes	42	20
Non-cash interest expense	410	487
Stock-based compensation	7,933	5,330
(Gain) loss on disposal of property, plant, and equipment	43	(40)
Changes in assets and liabilities:
Accounts receivable	73,198	5,538
Inventories	(10,965)	(81,454)
Prepaid and other current assets	(4,089)	(5,465)
Other assets	(484)	(886)
Accounts payable	(39,307)	(33,073)
Accrued expenses	(46,647)	(24,973)
Other liabilities	315	1,567
Net cash provided by (used in) operating activities	74,946	(71,891)
Cash flows from investing activities
Capital expenditures	(16,093)	(23,014)
Purchase of business	(8,270)	0
Proceeds from disposal of property, plant, and equipment	44	139
Net cash (used in) investing activities	(24,319)	(22,875)
Cash flows from financing activities
Net (repayments) borrowings on short-term debt	(404)	(8,022)
Proceeds from Second Amended Revolver borrowings	80,000	163,200
Repayments of Second Amended Revolver borrowings	(216,380)	(27,200)
Option proceeds, net	7,654	0
Payment of taxes related to net share settlement of equity awards	0	(633)
Purchase of treasury stock	0	(22,907)
Dividends paid to stockholders	(7,173)	(7,108)
Other	354	207
Net cash (used in) provided by financing activities	(135,949)	97,537
Effect of exchange rate changes on cash and cash equivalents	(3,001)	(22,016)
Net decrease in cash and cash equivalents	(88,323)	(19,245)
Cash and cash equivalents at beginning of period	346,665	402,488
Cash and cash equivalents at end of period	$ 258,342	$ 383,243

Basis of Presentation

Basis of Presentation	3 Months Ended
	Jul. 02, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated condensed financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments except those otherwise described herein) considered necessary for a fair presentation have been included, unless otherwise disclosed. Operating results for the current quarter ended July 2, 2023 are not necessarily indicative of the results that may be expected for the fiscal year ending March 31, 2024. The Consolidated Condensed Balance Sheet at March 31, 2023 has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. The financial statements should be read in conjunction with the Consolidated Financial Statements and Notes thereto included in the Company’s 2023 Annual Report on Form 10-K (SEC File No. 001-32253), which was filed on May 25, 2023 (the “2023 Annual Report”). EnerSys (the “Company”) reports interim financial information for 13-week periods, except for the first quarter, which always begins on April 1, and the fourth quarter, which always ends on March 31. The four quarters in fiscal 2024 end on July 2, 2023, October 1, 2023, December 31, 2023, and March 31, 2024, respectively. The four quarters in fiscal 2023 ended on July 3, 2022, October 2, 2022, January 1, 2023, and March 31, 2023, respectively. The consolidated condensed financial statements include the accounts of the Company and its wholly-owned subsidiaries and any partially owned subsidiaries that the Company has the ability to control. All intercompany transactions and balances have been eliminated in consolidation. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. These estimates and assumptions take into account historical and forward looking factors that the Company believes are reasonable, and the Company’s estimates and assumptions may evolve as conditions change. Actual results could differ from those estimates. Examples of significant estimates include the allowance for credit losses, the recoverability of property, plant and equipment, the incremental borrowing rate for lease liabilities, the recoverability of intangible assets and other long-lived assets, fair value measurements, including those related to financial instruments, goodwill and intangible assets, valuation allowances on tax assets, pension and postretirement benefit obligations, contingencies and the identification and valuation of assets acquired and liabilities assumed in connection with business combinations.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Jul. 02, 2023
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition The Company’s revenues by reportable segments are presented in Note 16 and are consistent with how we organize and manage our operations, as well as product line net sales information. Service revenues related to the work performed for the Company’s customers by its maintenance technicians generally represent a separate and distinct performance obligation. Control for these services passes to the customer as the services are performed. A small portion of the Company's customer arrangements oblige the Company to create customized products for its customers that require combining both products and services into a single performance obligation because the individual products and services that are required to fulfill the customer requirements do not meet the definition for a distinct performance obligation. These customized products generally have no alternative use to the Company and the terms and conditions of these arrangements give the Company the enforceable right to payment for performance completed to date, including a reasonable profit margin. For these arrangements, control transfers over time and the Company measures progress towards completion by selecting the input or output method that best depicts the transfer of control of the underlying goods and services to the customer for each respective arrangement. Methods used by the Company to measure progress toward completion include labor hours, costs incurred and units of production. Revenues recognized over time for the first quarter of fiscal 2024 and 2023 amounted to $58,654 and $57,004, respectively. On July 2, 2023, the aggregate transaction price allocated to unsatisfied (or partially unsatisfied) performance obligations was approximately $149,294, of which, the Company estimates that approximately $119,987 will be recognized as revenue in fiscal 2024, $29,242 in fiscal 2025, and $18 in fiscal 2026, $23 in fiscal 2027, and $24 thereafter. Any payments that are received from a customer in advance, prior to the satisfaction of a related performance obligation and billings in excess of revenue recognized, are deferred and treated as a contract liability. Advance payments and billings in excess of revenue recognized are classified as current or non-current based on the timing of when recognition of revenue is expected. As of July 2, 2023, the current and non-current portion of contract liabilities were $29,822 and $974, respectively. As of March 31, 2023, the current and non-current portion of contract liabilities were $34,594 and $1,437, respectively. Revenues recognized during the first quarter of fiscal 2024 and 2023 that were included in the contract liability at the beginning of the quarter, amounted to $12,391 and $4,590, respectively. Amounts representing work completed and not billed to customers represent contract assets and were $56,177 and $48,616 as of July 2, 2023 and March 31, 2023, respectively. The Company uses historic customer product return data as a basis of estimation for customer returns and records the reduction of sales at the time revenue is recognized. At July 2, 2023, the right of return asset related to the value of inventory anticipated to be returned from customers was $4,748 and refund liability representing amounts estimated to be refunded to customers was $8,317.

Accounts Receivable

Accounts Receivable	3 Months Ended
	Jul. 02, 2023
Receivables [Abstract]
Accounts Receivable	. Accounts Receivable July 2, 2023 March 31, 2023 Accounts receivable $ 575,531 $ 646,592 Allowance for doubtful accounts 9,033 8,775 Accounts receivable, net $ 566,498 $ 637,817 During the third quarter of 2023, the Company entered into a Receivables Purchase Agreement (RPA), under which the Company continuously sells its interest in designated pools of trade accounts receivables, at a discount, to a special purpose entity, which in turn sells certain of the receivables to an unaffiliated financial institution ("unaffiliated financial institution") on a monthly basis. The Company may sell certain US-originated accounts receivable balances up to a maximum amount of $150,000. In return for these sales, the Company receives a cash payment equal to the face value of the receivables and is charged a fee of Secured Overnight Financing Rate (“SOFR”) plus 85 basis points against the sold receivable balance. The program is conducted through EnerSys Finance LLC ("EnerSys Finance"), an entity structured to be bankruptcy remote, and matures in December 2025. The Company is deemed the primary beneficiary of EnerSys Finance as the Company has both the power to direct the activities that most significantly impact the entity’s economic performance and the obligation to absorb losses or the right to receive the benefits that could potentially be significant to the entity from the transfer of the trade accounts receivables into the special purpose entity. Accordingly, EnerSys Finance is included in the Company’s Consolidated Condensed Financial Statements. Receivables sold to unaffiliated financial institutions under the program are excluded from “Accounts receivable, net” on the Company’s Consolidated Condensed Balance Sheets, and cash receipts are reflected as cash provided by operating activities on the Consolidated Condensed Statements of Cash Flows. The purchase price is received in cash when the receivables are sold, and fees charged relating to this balance are recorded to other (income) expense. Certain unsold receivables held by EnerSys Finance serve as collateral to unaffiliated financial institutions. These unsold receivables are included in “Accounts receivable, net” in the Company’s Consolidated Balance Sheets. The Company continues servicing the receivables which were sold and in exchange receives a servicing fee from EnerSys Finance under the program. During the first quarter of 2024, the Company sold $182,391 of accounts receivables for approximately $182,391 in proceeds to an unaffiliated financial institution, of which $183,352 were collected as of July 2, 2023. Total collateralized accounts receivables of approximately $228,154 were held by EnerSys Finance at July 2, 2023.

Inventories

Inventories	3 Months Ended
	Jul. 02, 2023
Inventory Disclosure [Abstract]
Inventories	Inventories July 2, 2023 March 31, 2023 Raw materials $ 316,477 $ 323,418 Work-in-process 119,320 123,401 Finished goods 373,605 350,979 Total $ 809,402 $ 797,798

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Jul. 02, 2023
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments Recurring Fair Value Measurements The following tables represent the financial assets and (liabilities) measured at fair value on a recurring basis as of July 2, 2023 and March 31, 2023, and the basis for that measurement: Total Fair Value Measurement July 2, 2023 Quoted Price in Significant Significant Lead forward contracts $ 409 $ — $ 409 $ — Foreign currency forward contracts (196) — (196) — Interest Rate Swaps 3,057 — 3,057 — Net investment hedges (18,661) — (18,661) — Total derivatives $ (15,391) $ — $ (15,391) $ — Total Fair Value Measurement March 31, 2023 Quoted Price in Significant Significant Lead forward contracts $ (89) $ — $ (89) $ — Foreign currency forward contracts 923 — 923 — Interest Rate Swaps (1,162) — (1,162) — Net investment hedges (15,760) — (15,760) — Total derivatives $ (16,088) $ — $ (16,088) $ — The fair values of lead forward contracts are calculated using observable prices for lead as quoted on the London Metal Exchange (“LME”) and, therefore, were classified as Level 2 within the fair value hierarchy, as described in Note 1- Summary of Significant Accounting Policies to the Company's Consolidated Financial Statements included in the 2023 Annual Report. The fair values for foreign currency forward contracts and net investment hedges are based upon current quoted market prices and are classified as Level 2 based on the nature of the underlying market in which these derivatives are traded. The fair value of interest rate swap agreements are based on observable prices as quoted for receiving the variable one month term SOFR and paying fixed interest rates and, therefore, were classified as Level 2. Financial Instruments The fair values of the Company’s cash and cash equivalents approximate carrying value due to their short maturities. The fair value of the Company’s short-term debt and borrowings under the Third Amended Credit Facility (as defined in Note 11), approximate their respective carrying value, as they are variable rate debt and the terms are comparable to market terms as of the balance sheet dates and are classified as Level 2. In fiscal 2020, the Company issued its 4.375% Senior Notes due December 15, 2027 (the “2027 Notes”), with an original face value of $300,000. The fair value of the 2027 Notes represents the trading values based upon quoted market prices and are classified as Level 2. The 2027 Notes were trading at approximately 92% and 92% of face value on July 2, 2023 and March 31, 2023, respectively. The carrying amounts and estimated fair values of the Company’s derivatives and Senior Notes at July 2, 2023 and March 31, 2023 were as follows: July 2, 2023 March 31, 2023 Carrying Fair Value Carrying Fair Value Financial assets: Derivatives (1) $ — $ — $ — $ — Financial liabilities: Senior Notes (2) $ 300,000 $ 276,750 $ 300,000 $ 276,000 Derivatives (1) $ (15,391) $ (15,391) $ (16,088) $ (16,088) (1) Represents lead, foreign currency forward contracts, interest rate swaps, and net investment hedges (see Note 6 for asset and liability positions of the lead, foreign currency forward contracts, interest rate swaps, and net investment hedges at July 2, 2023 and March 31, 2023). (2) The fair value amount of the Senior Notes at July 2, 2023 and March 31, 2023 represent the trading value of the instruments. Non-recurring fair value measurements On June 29, 2022, the Company committed to a plan to close its facility in Ooltewah, Tennessee, which focused on manufacturing flooded motive power batteries for electric forklifts. Management determined that future demand for traditional motive power flooded cells will decrease as customers transition to maintenance free product solutions in lithium and Thin Plate Pure Lead (TPPL). As a result, the Company concluded that the carrying value of the asset group was not recoverable and recorded during the first quarter of fiscal 2023 a write-off of $7,300 of the fixed assets, for which there is expected to be no salvageable value. The valuation technique used to measure the fair value of fixed assets was a combination of the income and market approaches. The inputs used to measure the fair value of these fixed assets under the income approach were largely unobservable and accordingly were classified as Level 3.

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
	Jul. 02, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments The Company utilizes derivative instruments to reduce its exposure to fluctuations in commodity prices, foreign exchange rates and interest, under established procedures and controls. The Company does not enter into derivative contracts for speculative purposes. The Company’s agreements are with creditworthy financial institutions and the Company anticipates performance by counterparties to these contracts and therefore no material loss is expected. Derivatives in Cash Flow Hedging Relationships Lead Forward Contracts The Company enters into lead forward contracts to fix the price for a portion of its lead purchases. Management considers the lead forward contracts to be effective against changes in the cash flows of the underlying lead purchases. The vast majority of such contracts are for a period not extending beyond one year. At July 2, 2023 and March 31, 2023, the Company has hedged the price to purchase approximately 55.0 million pounds and 50.0 million pounds of lead, respectively, for a total purchase price of $52,137 and $47,921, respectively. Foreign Currency Forward Contracts The Company uses foreign currency forward contracts and options to hedge a portion of the Company’s foreign currency exposures for lead, as well as other foreign currency exposures so that gains and losses on these contracts offset changes in the underlying foreign currency denominated exposures. The vast majority of such contracts are for a period not extending beyond one year. As of July 2, 2023 and March 31, 2023, the Company had entered into a total of $44,760 and $45,823, respectively, of such contracts. Interest Rate Swap Agreements The Company is exposed to changes in variable interest rates on borrowings under our credit agreement. On a selective basis, from time to time, it enters into interest rate swap agreements to reduce the negative impact that increases in interest rates could have on our outstanding variable rate debt. At July 2, 2023 and March 31, 2023 such agreements effectively convert $200,000 of our variable-rate debt to a fixed-rate basis, utilizing the one-month term SOFR, as a floating rate reference. Fluctuations in SOFR and fixed rates affect both our net financial investment position and the amount of cash to be paid or received by us under these agreements. Derivatives in Net Investment Hedging Relationships Net Investment Hedges The Company uses cross currency fixed interest rate swaps to hedge its net investments in foreign operations against future volatility in the exchange rates between the U.S. Dollar and Euro. On December 23, 2021, the Company entered into cross currency fixed interest rate swap agreements, with aggregate notional amounts of $300,000, to hedge its net investments in foreign operations against future volatility in the exchange rates between U.S. dollars and euros. On September 29, 2022, the Company terminated its $300,000 cross-currency fixed interest rate swap contracts, originally entered into on December 23, 2021, and received a net settlement of $43,384. On September 29, 2022, the Company entered into cross-currency fixed interest rate swap contracts with an aggregate notional amount of $150,000, maturing on December 15, 2027. The cross-currency fixed interest rate swap contracts qualify for hedge accounting as a net investment hedging instrument, which allows for them to be remeasured to foreign currency translation adjustment within AOCI (“Accumulated Other Comprehensive Income”) to offset the translation risk from those investments. Balances in the foreign currency translation adjustment accounts remain until the sale or substantially complete liquidation of the foreign entity, upon which they are recognized as a component of income (expense). Impact of Hedging Instruments on AOCI In the coming twelve months, the Company anticipates that $5,069 of pretax (gain) relating to lead, foreign currency forward contracts and net investment hedges will be reclassified from AOCI as part of cost of goods sold and interest expense. This amount represents the current net unrealized impact of hedging lead, foreign exchange rates and interest rates, which will change as market rates change in the future. This amount will ultimately be realized in the Consolidated Condensed Statements of Income as an offset to the corresponding actual changes in lead, foreign exchange rates and interest costs resulting from variable lead cost, foreign exchange and interest rates hedged. Derivatives not Designated in Hedging Relationships Foreign Currency Forward Contracts The Company also enters into foreign currency forward contracts to economically hedge foreign currency fluctuations on intercompany loans and foreign currency denominated receivables and payables. These are not designated as hedging instruments and changes in fair value of these instruments are recorded directly in the Consolidated Condensed Statements of Income. As of July 2, 2023 and March 31, 2023, the notional amount of these contracts was $75,798 and $102,558, respectively. Presented below in tabular form is information on the location and amounts of derivative fair values in the Consolidated Condensed Balance Sheets and derivative gains and losses in the Consolidated Condensed Statements of Income: Fair Value of Derivative Instruments July 2, 2023 and March 31, 2023 Derivatives and Hedging Activities Designated as Cash Flow Hedges Derivatives and Hedging Activities Designated as Net Investment Hedges Derivatives and Hedging Activities Not Designated as Hedging Instruments July 2, 2023 March 31, 2023 July 2, 2023 March 31, 2023 July 2, 2023 March 31, 2023 Prepaid and other current assets: Lead forward contracts $ 409 $ — $ — $ — $ — $ — Foreign currency forward contracts 764 723 — — — 200 Net investment hedges — — — — — — Other assets: Interest Rate Swaps 3,057 — — — — — Net investment hedges — — — — — — Total assets $ 4,230 $ 723 $ — $ — $ — $ 200 Accrued expenses: Lead forward contracts $ — $ 89 $ — $ — $ — $ — Foreign currency forward contracts — — — — 960 — Other liabilities: Interest Rate Swaps — 1,162 — — — — Net investment hedges — — 18,661 15,760 — — Total liabilities $ — $ 1,251 $ 18,661 $ 15,760 $ 960 $ — The Effect of Derivative Instruments on the Consolidated Condensed Statements of Income For the quarter ended July 2, 2023 Derivatives Designated as Cash Flow Hedges Pretax Gain (Loss) Recognized in AOCI on Derivative (Effective Portion) Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion) Pretax Gain (Loss) Reclassified from AOCI into Income (Effective Portion) Lead forward contracts $ 475 Cost of goods sold $ 630 Foreign currency forward contracts 899 Cost of goods sold 3,095 Interest rate swaps 4,849 Interest expense 171 Total 6,223 3,896 Derivatives Designated as Net Investment Hedges Pretax Gain (Loss) Recognized in AOCI on Derivative (Effective Portion) Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion) Pretax Gain (Loss) Reclassified from AOCI into Income (Effective Portion) Cross currency fixed interest rate swaps $ (2,790) Interest expense $ 112 Total (2,790) 112 Derivatives Not Designated as Hedging Instruments Location of Gain (Loss) Recognized in Income on Derivatives Pretax Gain (Loss) Foreign currency forward contracts Other (income) expense, net $ (503) Total $ (503) The Effect of Derivative Instruments on the Consolidated Condensed Statements of Income For the quarter ended July 3, 2022 Derivatives Designated as Cash Flow Hedges Pretax Gain (Loss) Recognized in AOCI on Derivative (Effective Portion) Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion) Pretax Gain (Loss) Reclassified from AOCI into Income (Effective Portion) Lead forward contracts $ (10,862) Cost of goods sold $ 695 Foreign currency forward contracts 1,255 Cost of goods sold 446 Total $ (9,607) $ 1,141 Derivatives Designated as Net Investment Hedges Pretax Gain (Loss) Recognized in AOCI on Derivative (Effective Portion) Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion) Pretax Gain (Loss) Reclassified from AOCI into Income (Effective Portion) Cross currency fixed interest rate swaps $ 23,595 Interest expense $ 1,258 Total 23,595 1,258 Derivatives Not Designated as Hedging Instruments Location of Gain (Loss) Recognized in Income on Derivatives Pretax Gain (Loss) Foreign currency forward contracts Other (income) expense, net $ 216 Total $ 216

Income Taxes

Income Taxes	3 Months Ended
	Jul. 02, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s income tax provision consists of federal, state and foreign income taxes. The tax provision for the first quarter of fiscal 2024 and 2023 was based on the estimated effective tax rates applicable for the full years ending March 31, 2024 and March 31, 2023, respectively, after giving effect to items specifically related to the interim periods. The Company’s effective income tax rate with respect to any period may be volatile based on the mix of income in the tax jurisdictions, in which the Company operates, changes in tax laws and the amount of the Company's consolidated earnings before taxes. On August 16, 2022, the Inflation Reduction Act of 2022 (“IRA”) was enacted. The IRA includes multiple incentives to promote clean energy, and energy storage manufacturing among other provisions with tax credits available from 2023 to 2032, subject to phase down beginning in 2030. In particular the IRA creates a refundable tax credit, pursuant to Section 45X of the Internal Revenue Code (“IRC”), for battery cells and battery modules manufactured or assembled in the United States and sold to third parties. In the first quarter of fiscal 2024, the IRA impact resulted in a reduction of our costs of goods sold and income tax payable. There is a possibility that additional clarification guidance is issued with respect to the Section 45X credit qualifications. Amounts recognized in the Consolidated Condensed Financial Statements are based on Management's judgement and best estimate utilizing the most current guidance. The Company will continue to evaluate the effects of IRA as more guidance is issued and the relevant implications to our Consolidated Condensed Financial Statements. Actual results could differ from management’s current estimate . The consolidated effective income tax rates for the first quarter of fiscal 2024 and 2023 were 9.2% and 15.7%. The rate decrease in the first quarter compared to the prior year quarter is primarily due to the impact of the IRA. In addition, there was a discrete foreign exchange tax benefit related to undistributed earnings which was offset by the mix of earnings among tax jurisdictions. Foreign income as a percentage of worldwide income is estimated to be 51% for fiscal 2024 compared to 77% for fiscal 2023. T his reduction is primarily due to the impact of the IRA .

Warranty

Warranty	3 Months Ended
	Jul. 02, 2023
Product Warranties Disclosures [Abstract]
Warranty	Warranty The Company provides for estimated product warranty expenses when products are sold, with related liabilities included within accrued expenses and other liabilities. As warranty estimates are forecasts that are based on the best available information, primarily historical claims experience, costs of claims may ultimately differ from amounts provided. An analysis of changes in the liability for product warranties is as follows: Quarter ended July 2, 2023 July 3, 2022 Balance at beginning of period $ 56,630 $ 54,978 Current period provisions 8,685 4,940 Costs incurred (7,446) (5,744) Foreign currency translation adjustment 569 (1,220) Balance at end of period $ 58,438 $ 52,954

Commitments, Contingencies and

Commitments, Contingencies and Litigation	3 Months Ended
	Jul. 02, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments, Contingencies and Litigation	Commitments, Contingencies and Litigation Litigation and Other Legal Matters In the ordinary course of business, the Company and its subsidiaries are routinely defendants in or parties to pending and threatened legal actions and proceedings, including actions brought on behalf of various classes of claimants. These actions and proceedings are generally based on alleged violations of environmental, anticompetition, employment, contract and other laws. In some of these actions and proceedings, claims for substantial monetary damages are asserted against the Company and its subsidiaries. In the ordinary course of business, the Company and its subsidiaries are also subject to regulatory and governmental examinations, information gathering requests, inquiries, investigations, and threatened legal actions and proceedings. In connection with formal and informal inquiries by federal, state, local and foreign agencies, the Company and its subsidiaries receive numerous requests, subpoenas and orders for documents, testimony and information in connection with various aspects of their activities. European Competition Investigations Certain of the Company’s European subsidiaries had received subpoenas and requests for documents and, in some cases, interviews from, and have had on-site inspections conducted by, the competition authorities of Belgium, Germany and the Netherlands relating to conduct and anticompetitive practices of certain industrial battery participants. For additional information regarding these matters, see Note 19 - Commitments, Contingencies and Litigation to the Consolidated Financial Statements contained in the 2023 Annual Report. As of July 2, 2023 and March 31, 2023, the Company did not have a reserve balance related to these matters. The precise scope, timing and time period at issue, as well as the final outcome of the investigations or customer claims, remain uncertain. Accordingly, the Company’s estimate may change from time to time, and actual losses could vary. Environmental Issues As a result of its operations, the Company is subject to various federal, state, and local, as well as international environmental laws and regulations and is exposed to the costs and risks of registering, handling, processing, storing, transporting, and disposing of hazardous substances, especially lead and acid. The Company’s operations are also subject to federal, state, local and international occupational safety and health regulations, including laws and regulations relating to exposure to lead in the workplace. The Company believes that it has adequate reserves to satisfy its environmental liabilities. Lead, Foreign Currency Forward Contracts and Swaps To stabilize its lead costs and reduce volatility from currency and interest rate movements, the Company entered into contracts with financial institutions. The vast majority of lead and foreign currency contracts are for a period not extending beyond one year. The Company also entered into a cross currency fixed interest rate swap agreement, maturing on December 15, 2027, to hedge its net investments in foreign operations against future volatility in the exchange rates between the U.S. Dollar and Euro. The Company also entered into floating to fixed interest rate swap agreements maturing on September 30, 2026, to hedge its exposure to variable interest rates. Please refer to Note 6 - Derivative Financial Instruments

Restructuring and other Exit Ch

Restructuring and other Exit Charges	3 Months Ended
	Jul. 02, 2023
Restructuring and Related Activities [Abstract]
Restructuring and other Exit Charges	Restructuring and other Exit Charges Restructuring Programs As disclosed in the 2023 Annual Report, the Company committed to restructuring plans aimed at improving operational efficiencies across its lines of business. A substantial portion of these plans are complete with an estimated $432 remaining to be incurred by the end of fiscal 2024, mainly related to plans started in fiscal 2021 and fiscal 2022. Restructuring and exit charges for the first quarter of fiscal 2024 by reportable segments are as follows: Quarter ended July 2, 2023 Energy Systems Motive Power Specialty Total Restructuring charges $ 488 $ — $ — $ 488 Exit charges — 1,559 4,262 5,821 Restructuring and other exit charges $ 488 $ 1,559 $ 4,262 $ 6,309 A roll-forward of the restructuring reserve, excluding exit charges, is as follows: Balance as of March 31, 2023 $ 445 Accrued 488 Costs incurred (505) Foreign currency impact 4 Balance as of July 2, 2023 $ 432 Exit Charges Fiscal 2023 Programs Sylmar In November 2022, the Company committed to a plan to close its facility in Sylmar, California, which manufactures specialty lithium batteries for aerospace and medical applications. Management determined to close the site upon the expiration of its lease on the property and to redirect production through consolidation into existing locations. The Company currently estimates total charges in the exit to amount to $9,460. Cash charges are estimated to total $5,700 primarily relating to severance and other costs to leave the site. Non-cash charges are estimated to be $3,760 relating to fixed assets, inventory, and contract assets. The plan is expected to be completed in fiscal 2024. During fiscal 2023, the Company recorded cash charges of $1,682 related primarily related to severance costs and non-cash charges totaling $417 primarily relating to contract assets. During the current quarter of fiscal 2024, the Company recorded cash charges of $4,017 primarily related to severance costs, relocation expenses, and manufacturing variances and non-cash charges totaling $245. The Company also recorded a non-cash write off relating to inventories of $3,098, which was reported in cost of goods sold. Ooltewah On June 29, 2022, the Company committed to a plan to close its facility in Ooltewah, Tennessee, which produced flooded motive power batteries for electric forklifts. Management determined that future demand for traditional motive power flooded cells will decrease as customers transition to maintenance free product solutions in lithium and TPPL. The Company currently estimates that the total charges for these actions will amount to approximately $18,500. Cash charges for employee severance related payments, cleanup related to the facility, contractual releases and legal expenses are estimated to be $9,200 and non-cash charges from inventory and fixed asset write-offs are estimated to be $9,300. These actions will result in the reduction of approximately 165 employees. The plan is expected to be completed in calendar 2023. During fiscal 2023, the Company recorded cash charges relating to severance and manufacturing variances of $2,735 and non-cash charges of $7,261 relating to fixed asset write-offs. The Company also recorded a non-cash write off relating to inventories of $1,613, which was reported in cost of goods sold. During the current quarter of fiscal 2024, the Company recorded cash charges relating to site clean up and decommissioning equipment of $881. Fiscal 2021 Program Hagen, Germany In fiscal 2021, the Company's Board of Directors approved a plan to close substantially all of its facility in Hagen, Germany, which produced flooded motive power batteries for electric forklifts. Management determined that future demand for the motive power batteries produced at this facility was not sufficient, given the conversion from flooded to maintenance free batteries by customers, the existing number of competitors in the market, as well as the near term decline in demand and increased uncertainty from the pandemic. The Company plans to retain the facility with limited sales, service and administrative functions along with related personnel for the foreseeable future. The Company currently estimates that the total charges for these actions will amount to approximately $60,000, of which cash charges for employee severance related payments, cleanup related to the facility, contractual releases and legal expenses were estimated to be $40,000 and non-cash charges from inventory and equipment write-offs were estimated to be $20,000. The majority of these charges were recorded as of January 1, 2023. These actions resulted in the reduction of approximately 200 employees. During fiscal 2021, the Company recorded cash charges relating to severance of $23,331 and non-cash charges of $7,946 primarily relating to fixed asset write-offs. During fiscal 2022, the Company recorded cash charges primarily relating to severance of $8,069 and non-cash charges of $3,522 primarily relating to fixed asset write-offs. The Company also recorded a non-cash write off relating to inventories of $960, which was reported in cost of goods sold. During fiscal 2023, the Company recorded cash charges of $2,207 relating to primarily to site cleanup and $562 of non-cash charges relating to accelerated depreciation of fixed assets.

Debt

Debt	3 Months Ended
	Jul. 02, 2023
Debt Disclosure [Abstract]
Debt	Debt The following summarizes the Company’s long-term debt as of July 2, 2023 and March 31, 2023: July 2, 2023 March 31, 2023 Principal Unamortized Issuance Costs Principal Unamortized Issuance Costs Senior Notes $ 300,000 $ 2,561 $ 300,000 $ 2,705 Fourth Amended Credit Facility, due 2026 613,782 3,453 748,413 3,719 $ 913,782 $ 6,014 $ 1,048,413 $ 6,424 Less: Unamortized issuance costs 6,014 6,424 Long-term debt, net of unamortized issuance costs $ 907,768 $ 1,041,989 The Company's Senior Notes comprise the following: 4.375% Senior Notes due 2027 On December 11, 2019, the Company issued $300,000 in aggregate principal amount of its 4.375% Senior Notes due December 15, 2027 (the “2027 Notes”). Proceeds from this offering, net of debt issuance costs were $296,250 and were utilized to pay down the Amended 2017 Revolver (defined below). The 2027 Notes bear interest at a rate of 4.375% per annum accruing from December 11, 2019. Interest is payable semiannually in arrears on June 15 and December 15 of each year, commencing on June 15, 2020. The 2027 Notes mature on December 15, 2027, unless earlier redeemed or repurchased in full and are unsecured and unsubordinated obligations of the Company. They are fully and unconditionally guaranteed, jointly and severally, by certain of its subsidiaries that are guarantors under the Fourth Amended Credit Facility (defined below). These guarantees are unsecured and unsubordinated obligations of such guarantors. The Company may redeem, prior to September 15, 2027, all or a portion of the 2027 Notes at a price equal to 100% of the principal amount of the 2027 Notes to be redeemed, plus accrued and unpaid interest and a “make whole” premium to, but excluding, the redemption date. The Company may redeem, on or after September 15, 2027, all or a portion of the 2027 Notes at a price equal to 100% of the principal amount of the 2027 Notes, plus accrued and unpaid interest to, but excluding, the redemption date. If a change of control triggering event occurs, the Company will be required to offer to repurchase the 2027 Notes at a price in cash equal to 101% of the aggregate principal amount of the 2027 Notes, plus accrued and unpaid interest to, but excluding, the date of repurchase. 2017 Credit Facility and Subsequent Amendments In fiscal 2018, the Company entered into a credit facility (the “2017 Credit Facility”). The 2017 Credit Facility was scheduled to mature on September 30, 2022, initially comprised a $600,000 senior secured revolving credit facility (“2017 Revolver”) and a $150,000 senior secured term loan (“2017 Term Loan”). The Company utilized the borrowings from the 2017 Credit Facility to repay its pre-existing credit facility. In fiscal 2019, the Company amended the 2017 Credit Facility (as amended, the “Amended Credit Facility”) to fund the Alpha acquisition. The Amended Credit Facility consisted of $449,105 senior secured term loans (the “Amended Term Loan”), including a CAD 133,050 ($99,105) senior secured term loan and a $700,000 senior secured revolving credit facility (the “Amended Revolver”). The amendment resulted in an increase of the 2017 Term Loan and the 2017 Revolver by $299,105 and $100,000, respectively. During the second quarter of fiscal 2022, the Company entered into a second amendment to the 2017 Credit Facility (as amended, the “Second Amended Credit Facility”). The Second Amended Credit Facility, scheduled to mature on September 30, 2026, consists of a $130,000 senior secured term loan (the “Second Amended Term Loan”), a CAD 106,440 ($84,229) senior secured term loan and an $850,000 senior secured revolving credit facility (the “Second Amended Revolver”). The second amendment resulted in a decrease of the Amended Term Loan by $150,000 and an increase of the Amended Revolver by $150,000. During the second quarter of fiscal 2023, the Company entered into a third amendment to the 2017 Credit Facility (as amended, the “Third Amended Credit Facility”). The Third Amended Credit Facility provides a new incremental delayed-draw senior secured term loan up to $300,000 (the “Third Amended Term Loan”), which shall be available to draw at any time until March 15, 2023. Once drawn, the funds will mature on September 30, 2026, the same as the Company's Second Amended Term loan and Second Amended Revolver. In connection with the agreement, the Company incurred $1,161 in third party administrative and legal fees recognized in interest expense and capitalized $1,096 in charges from existing lenders as a deferred asset. During the fourth quarter, the Company drew $300,000 in the form of the Third Amended Term Loan. Additionally, the Company derecognized the capitalized deferred asset and recognized the $1,096 as deferred financing costs. During the fourth quarter of fiscal 2023, the Company entered into a fourth amendment to the 2017 Credit Facility (as amended, the “Fourth Amended Credit Facility”). The Fourth Amended Credit Facility replaces the London Interbank Offered Rate (“LIBOR”) with the Secured Overnight Financing Rate (“SOFR”) in the calculation of interest for both the Second Amended Revolver and the Second Amended Term Loan. Subsequent to the fourth amendment, the quarterly installments payable on the Second Amended Term Loan are 2,630 beginning December 31, 2022, 3,945 beginning December 31, 2024 and 5,261 beginning December 31, 2025 with a final payment of 157,817 on September 30, 2026. The Fourth Amended Credit Facility may be increased by an aggregate amount of $350,000 in revolving commitments and /or one or more new tranches of term loans, under certain conditions. Both the Second Amended Revolver and the Second Amended Term Loan bear interest, at the Company's option, at a rate per annum equal to either (i) the SOFR or Canadian Dollar Offered Rate (“CDOR”) plus (i) Term SOFR plus between 1.125% and 2.25% (currently 1.25% and based on the Company's consolidated net leverage ratio) or (ii) the U.S. Dollar Base Rate (which equals, for any day a fluctuating rate per annum equal to the highest of (a) the Federal Funds Effective Rate plus 0.50%, (b) Bank of America “Prime Rate” and (c) the Eurocurrency Base Rate plus 1%; provided that, if the Base Rate shall be less than zero, such rate shall be deemed zero) (iii) the CDOR Base Rate equal to the higher of (a) Bank of America “Prime Rate” and (b) average 30-day CDOR rate plus 0.50%. The quarterly installments payable on the Third Amended Term Loan are $3,750 beginning June 30, 2023, $5,625 beginning December 31, 2024 and $7,500 beginning December 31, 2025 with a final payment of $232,500 on September 30, 2026. The Third Amended Term Loan bears interest, at the Company's option, at a rate per annum equal to either (i) SOFR plus 10 basis points plus (i) Term SOFR plus between 1.375% and 2.50% (currently 1.50% and based on the Company's consolidated net leverage ratio) or (ii) the U.S. Dollar Base Rate plus between 0.375% and 1.50%, which equals, for any day a fluctuating rate per annum equal to the highest of (a) the Federal Funds Effective Rate plus 0.50%, (b) Bank of America “Prime Rate” and (c) the Term SOFR plus 1%; provided that, if the Base Rate shall be less than zero, such rate shall be deemed zero). Until the funds were drawn on March 13, 2023, the Company paid a commitment fee of 0.175% to 0.35% at a rate per annum on the unused portion. Obligations under the Fourth Amended Credit Facility are secured by substantially all of the Company’s existing and future acquired assets, including substantially all of the capital stock of the Company’s United States subsidiaries that are guarantors under the Fourth Amended Credit Facility and up to 65% of the capital stock of certain of the Company’s foreign subsidiaries that are owned by the Company’s United States subsidiaries. The Fourth Amended Credit Facility allows for up to two temporary increases in the maximum leverage ratio to 4.50x from 4.00x to 4.25x for a four quarter period following an acquisition larger than $250,000. Effective with the Fourth Amended Credit Facility, the maximum leverage ratio increased from 3.50x to 4.25x effective to the last day of the second quarter of fiscal year 2024 and decreasing subsequently to 4.00x. As of July 2, 2023, the Company had $115,000 outstanding under the Second Amended Revolver, $498,782 under the Second Amended Term Loan, and $300,000 outstanding under the Third Amended Term Loan. Current Portion of Debt The scheduled repayments within the next twelve months, relating to the Second and Third Amended Term Loans, are $10,521 and $15,000, respectively, and is classified as long-term debt, as the Company expects to refinance the future quarterly payments with revolver borrowings under the Second Amended Credit Facility. Short-Term Debt As of July 2, 2023 and March 31, 2023, the Company had $30,962 and $30,642, respectively, of short-term borrowings. The weighted average interest rate on these borrowings was approximat ely 6.6% and 7.0%, respectively, at July 2, 2023 and March 31, 2023. Letters of Credit As of July 2, 2023 and March 31, 2023, the Company had $3,665 and $3,565 of standby letters of credit, respectively. Debt Issuance Costs In connection with the Second Amended Credit Facility, the Company capitalized $2,952 in debt issuance costs and wrote off $128 of unamortized debt issuance costs. Amortization expense, relating to debt issuance costs, included in interest expense was $410 and $487, respectively, for the first quarter ended July 2, 2023 and July 3, 2022, respectively. Debt issuance costs, net of accumulated amortization, totaled $6,014 and $6,424, respectively, at July 2, 2023 and March 31, 2023. Available Lines of Credit

Retirement Plans

Retirement Plans	3 Months Ended
	Jul. 02, 2023
Retirement Benefits [Abstract]
Retirement Plans	Retirement Plans The following tables present the components of the Company’s net periodic benefit cost related to its defined benefit pension plans: United States Plans International Plans Quarter ended Quarter ended July 2, 2023 July 3, 2022 July 2, 2023 July 3, 2022 Service cost $ — $ — $ 220 $ 235 Interest cost 166 145 585 440 Expected return on plan assets (76) (119) (406) (517) Amortization and deferral — — 29 123 Net periodic benefit cost $ 90 $ 26 $ 428 $ 281

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Jul. 02, 2023
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation As of July 2, 2023, the Company maintains the 2017 Equity Incentive Plan as amended from time to time (“2017 EIP”). The 2017 EIP reserved 4,173,554 shares of common stock for the grant of various classes of nonqualified stock options, restricted stock units, market condition-based on total shareholder return (“TSR”) and performance condition-based share units (“PSU”) and other forms of equity-based compensation. The Company recognized stock-based compensation expense associated with its equity incentive plans of $7,933 for the first quarter of fiscal 2024 and $5,330 for the first quarter of fiscal 2023. The Company recognizes compensation expense using the straight-line method over the vesting period of the awards. During the current quarter of fiscal 2024, the Company granted to non-employee directors 2,301 restricted stock units, under the deferred compensation plan for non-employee directors. The awards vest immediately upon the date of grant and are settled in shares of common stock. During the current quarter of fiscal 2024, the Company granted to management and other key employees 7,215 restricted stock units that vest ratably over four years from the date of grant. Common stock activity during the current quarter of fiscal 2024 included the exercise of 152,963 stock options.

Stockholders' Equity and Noncon

Stockholders' Equity and Noncontrolling Interests	3 Months Ended
	Jul. 02, 2023
Equity [Abstract]
Stockholders' Equity and Noncontrolling Interests	Stockholders’ Equity and Noncontrolling Interests Common Stock The following demonstrates the change in the number of shares of common stock outstanding during the current quarter ended July 2, 2023: Shares outstanding as of March 31, 2023 40,901,059 Shares issued under equity-based compensation plans, net of equity awards surrendered for option price and taxes 128,975 Shares outstanding as of July 2, 2023 41,030,034 Treasury Stock During the first quarter ended July 2, 2023, the Company did not purchase any shares and purchased 358,365 shares for $22,907 the first quarter ended July 3, 2022. At July 2, 2023 and March 31, 2023, the Company held 15,099,676 and 15,103,554 shares as treasury stock, respectively. During the current quarter ended July 2, 2023, the Company also issued 3,878 shares out of its treasury stock, valued at $62.55 per share, on a LIFO basis, to participants under the Company's Employee Stock Purchase Plan. Accumulated Other Comprehensive Income ( “ AOCI ” ) The components of AOCI, net of tax, as of July 2, 2023 and March 31, 2023, are as follows: March 31, 2023 Before Reclassifications Amounts Reclassified from AOCI July 2, 2023 Pension funded status adjustment $ (4,423) $ — $ 20 $ (4,403) Net unrealized gain (loss) on derivative instruments 1,411 4,771 (2,985) 3,197 Foreign currency translation adjustment (1) (180,462) 2,192 — (178,270) Accumulated other comprehensive (loss) income $ (183,474) $ 6,963 $ (2,965) $ (179,476) (1) Foreign currency translation adjustment for the current quarter ended July 2, 2023 includes a $2,224 gain (net of taxes of $678) related to the Company's $150,000 cross-currency fixed interest rate swap contract. The following table presents reclassifications from AOCI during the first quarter ended July 2, 2023: Components of AOCI Amounts Reclassified from AOCI Location of (Gain) Loss Recognized on Income Statement Derivatives in cash flow hedging relationships: Net unrealized gain on derivative instruments $ (3,896) Cost of goods sold Tax expense 911 Net unrealized loss on derivative instruments, net of tax $ (2,985) Derivatives in net investment hedging relationships: Net unrealized gain on derivative instruments $ (112) Interest expense Tax expense 26 Net unrealized gain on derivative instruments, net of tax $ (86) Defined benefit pension costs: Prior service costs and deferrals $ 29 Net periodic benefit cost, included in other (income) expense, net - See Note 12 Tax benefit (9) Net periodic benefit cost, net of tax $ 20 The following table presents reclassifications from AOCI during the first quarter ended July 3, 2022: Components of AOCI Amounts Reclassified from AOCI Location of (Gain) Loss Recognized on Income Statement Derivatives in cash flow hedging relationships: Net unrealized gain on derivative instruments $ (1,141) Cost of goods sold Tax expense 267 Net unrealized gain on derivative instruments, net of tax $ (874) Derivatives in net investment hedging relationships: Net unrealized gain on derivative instruments $ (1,258) Interest expense Tax expense 294 Net unrealized gain on derivative instruments, net of tax $ (964) Defined benefit pension costs: Prior service costs and deferrals $ 123 Net periodic benefit cost, included in other (income) expense, net - See Note 12 Tax benefit (34) Net periodic benefit cost, net of tax $ 89 The following demonstrates the change in equity attributable to EnerSys stockholders and nonredeemable noncontrolling interests during the first quarter and current quarter ended July 2, 2023: (In Thousands , Except Per Share Data) Preferred Common Additional Paid-in Treasury Retained Accumulated Contra-Equity Total Non- Total Balance at March 31, 2023 $ — $ 560 $ 596,464 $ (740,956) $ 1,930,148 $ (183,474) $ (2,463) $ 1,600,279 $ 3,602 $ 1,603,881 Stock-based compensation — — 7,933 — — — — 7,933 — 7,933 Exercise of stock options — 5 7,649 — — — — 7,654 — 7,654 Shares issued under equity awards (taxes paid related to net share settlement of equity awards), net — — — — — — — — — — Purchase of common stock — — — — — — — — — — Other — — 65 214 — — — 279 — 279 Net earnings — — — — 66,797 — — 66,797 — 66,797 Dividends ($0.175 per common share) — — 184 — (7,357) — — (7,173) — (7,173) Other comprehensive income: Pension funded status adjustment (net of tax benefit of $9) — — — — — 20 — 20 — 20 Net unrealized gain (loss) on derivative instruments (net of tax expense of $544) — — — — — 1,786 — 1,786 — 1,786 Foreign currency translation adjustment — — — — — 2,192 — 2,192 (190) 2,002 Balance at July 2, 2023 $ — $ 565 $ 612,295 $ (740,742) $ 1,989,588 $ (179,476) $ (2,463) $ 1,679,767 $ 3,412 $ 1,683,179 The following demonstrates the change in equity attributable to EnerSys stockholders and nonredeemable noncontrolling interests during the first quarter and current quarter ended July 3, 2022: (In Thousands , Except Per Share Data) Preferred Common Additional Paid-in Treasury Retained Accumulated Contra-Equity Total Non- Total Balance at March 31, 2022 $ — $ 557 $ 571,464 $ (719,119) $ 1,783,586 $ (143,495) $ (3,620) $ 1,489,373 $ 3,902 $ 1,493,275 Stock-based compensation — — 5,330 — — — — 5,330 — 5,330 Exercise of stock options — 1 — — — — — 1 — 1 Shares issued under equity awards (taxes paid related to net share settlement of equity awards), net — — (633) — — — — (633) — (633) Purchase of common stock — — — (22,907) — — — (22,907) — (22,907) Other — — (41) 240 — — — 199 — 199 Net earnings — — — — 30,978 — — 30,978 — 30,978 Dividends ($0.175 per common share) — — 174 — (7,282) — — (7,108) — (7,108) Dissolution of joint venture — — — — — — — — — — Other comprehensive income: Pension funded status adjustment (net of tax benefit of $34) — — — — — 89 — 89 — 89 Net unrealized gain (loss) on derivative instruments (net of tax benefit of $2,514) — — — — — (8,234) — (8,234) — (8,234) Foreign currency translation adjustment — — — — — (52,010) — (52,010) (210) (52,220) Balance at July 3, 2022 $ — $ 558 $ 576,294 $ (741,786) $ 1,807,282 $ (203,650) $ (3,620) $ 1,435,078 $ 3,692 $ 1,438,770

Earnings Per Share

Earnings Per Share	3 Months Ended
	Jul. 02, 2023
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following table sets forth the reconciliation from basic to diluted weighted-average number of common shares outstanding and the calculations of net earnings per common share attributable to EnerSys stockholders. Quarter ended July 2, 2023 July 3, 2022 Net earnings attributable to EnerSys stockholders $ 66,797 $ 30,978 Weighted-average number of common shares outstanding: Basic 40,937,334 40,786,336 Dilutive effect of: Common shares from exercise and lapse of equity awards, net of shares assumed reacquired 760,990 566,310 Diluted weighted-average number of common shares outstanding 41,698,324 41,352,646 Basic earnings per common share attributable to EnerSys stockholders $ 1.63 $ 0.76 Diluted earnings per common share attributable to EnerSys stockholders $ 1.60 $ 0.75 Anti-dilutive equity awards not included in diluted weighted-average common shares 432,487 1,002,352

Business Segments

Business Segments	3 Months Ended
	Jul. 02, 2023
Segment Reporting [Abstract]
Business Segments	Business Segments Effective April 1, 2023, the Company created a new line of business and operating segment named New Ventures in addition to the existing lines of businesses: Energy Systems, Motive Power, and Specialty. The results of New Ventures include start-up operating expenses captured within the "Corporate and other" category of operating earnings. New Ventures provides energy storage and management systems for demand charge reduction, utility back-up power, and dynamic fast charging for electric vehicles. Summarized financial information related to the Company's reportable segments for the first quarter ended July 2, 2023 and July 3, 2022, is shown below: Quarter ended July 2, 2023 July 3, 2022 Net sales by segment to unaffiliated customers (1) Energy Systems $ 424,548 $ 408,579 Motive Power 350,781 367,851 Specialty 133,240 122,541 Total net sales $ 908,569 $ 898,971 Operating earnings by segment Energy Systems $ 29,649 $ 15,014 Motive Power 50,368 42,406 Specialty 9,817 9,231 Corporate and other (3) 17,403 — Inventory adjustment relating to exit activities - Specialty (3,098) — Restructuring and other exit charges - Energy Systems (488) (162) Restructuring and other exit charges - Motive Power (1,559) (8,166) Restructuring and other exit charges - Specialty (4,262) — Amortization - Energy Systems (6,217) (7,330) Amortization - Motive (111) (110) Amortization - Specialty (702) (735) Other - Energy Systems (749) (10) Other - Motive (468) (9) Other - Specialty $ (138) $ — Total operating earnings (2) $ 89,445 $ 50,129 (1) Reportable segments do not record inter-segment revenues and accordingly there are none to report. (2) The Company does not allocate interest expense or other (income) expense, net, to the reportable segments. (3) Corporate and other includes amounts managed on a company-wide basis and not directly allocated to any reportable segments, primarily relating to IRA production tax credits. Also, included are start up costs for exploration of a new lithium plant as well as start-up operating expenses from the New Ventures operating segment.

Subsequent Events

Subsequent Events	3 Months Ended
	Jul. 02, 2023
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsOn August 9, 2023, the Board of Directors approved a quarterly cash dividend of $0.225 per share of common stock to be paid on September 29, 2023 to stockholders of record as of September 15, 2023.

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Jul. 02, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated condensed financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments except those otherwise described herein) considered necessary for a fair presentation have been included, unless otherwise disclosed. Operating results for the current quarter ended July 2, 2023 are not necessarily indicative of the results that may be expected for the fiscal year ending March 31, 2024. The Consolidated Condensed Balance Sheet at March 31, 2023 has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. The financial statements should be read in conjunction with the Consolidated Financial Statements and Notes thereto included in the Company’s 2023 Annual Report on Form 10-K (SEC File No. 001-32253), which was filed on May 25, 2023 (the “2023 Annual Report”). EnerSys (the “Company”) reports interim financial information for 13-week periods, except for the first quarter, which always begins on April 1, and the fourth quarter, which always ends on March 31. The four quarters in fiscal 2024 end on July 2, 2023, October 1, 2023, December 31, 2023, and March 31, 2024, respectively. The four quarters in fiscal 2023 ended on July 3, 2022, October 2, 2022, January 1, 2023, and March 31, 2023, respectively. The consolidated condensed financial statements include the accounts of the Company and its wholly-owned subsidiaries and any partially owned subsidiaries that the Company has the ability to control. All intercompany transactions and balances have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. These estimates and assumptions take into account historical and forward looking factors that the Company believes are reasonable, and the Company’s estimates and assumptions may evolve as conditions change. Actual results could differ from those estimates. Examples of significant estimates include the allowance for credit losses, the recoverability of property, plant and equipment, the incremental borrowing rate for lease liabilities, the recoverability of intangible assets and other long-lived assets, fair value measurements, including those related to financial instruments, goodwill and intangible assets, valuation allowances on tax assets, pension and postretirement benefit obligations, contingencies and the identification and valuation of assets acquired and liabilities assumed in connection with business combinations.

Accounts Receivable (Tables)

Accounts Receivable (Tables)	3 Months Ended
	Jul. 02, 2023
Receivables [Abstract]
Schedule of Accounts Receivable	Accounts Receivable July 2, 2023 March 31, 2023 Accounts receivable $ 575,531 $ 646,592 Allowance for doubtful accounts 9,033 8,775 Accounts receivable, net $ 566,498 $ 637,817

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Jul. 02, 2023
Inventory Disclosure [Abstract]
Summary Of Inventories	July 2, 2023 March 31, 2023 Raw materials $ 316,477 $ 323,418 Work-in-process 119,320 123,401 Finished goods 373,605 350,979 Total $ 809,402 $ 797,798

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Jul. 02, 2023
Fair Value Disclosures [Abstract]
Financial Assets And (Liabilities), Measured At Fair Value On A Recurring Basis	The following tables represent the financial assets and (liabilities) measured at fair value on a recurring basis as of July 2, 2023 and March 31, 2023, and the basis for that measurement: Total Fair Value Measurement July 2, 2023 Quoted Price in Significant Significant Lead forward contracts $ 409 $ — $ 409 $ — Foreign currency forward contracts (196) — (196) — Interest Rate Swaps 3,057 — 3,057 — Net investment hedges (18,661) — (18,661) — Total derivatives $ (15,391) $ — $ (15,391) $ — Total Fair Value Measurement March 31, 2023 Quoted Price in Significant Significant Lead forward contracts $ (89) $ — $ (89) $ — Foreign currency forward contracts 923 — 923 — Interest Rate Swaps (1,162) — (1,162) — Net investment hedges (15,760) — (15,760) — Total derivatives $ (16,088) $ — $ (16,088) $ —
Carrying Amounts And Estimated Fair Values Of Company's Financial Instruments	The carrying amounts and estimated fair values of the Company’s derivatives and Senior Notes at July 2, 2023 and March 31, 2023 were as follows: July 2, 2023 March 31, 2023 Carrying Fair Value Carrying Fair Value Financial assets: Derivatives (1) $ — $ — $ — $ — Financial liabilities: Senior Notes (2) $ 300,000 $ 276,750 $ 300,000 $ 276,000 Derivatives (1) $ (15,391) $ (15,391) $ (16,088) $ (16,088) (1) Represents lead, foreign currency forward contracts, interest rate swaps, and net investment hedges (see Note 6 for asset and liability positions of the lead, foreign currency forward contracts, interest rate swaps, and net investment hedges at July 2, 2023 and March 31, 2023). (2) The fair value amount of the Senior Notes at July 2, 2023 and March 31, 2023 represent the trading value of the instruments.

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	3 Months Ended
	Jul. 02, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair Value of Derivative Instruments	Presented below in tabular form is information on the location and amounts of derivative fair values in the Consolidated Condensed Balance Sheets and derivative gains and losses in the Consolidated Condensed Statements of Income: Fair Value of Derivative Instruments July 2, 2023 and March 31, 2023 Derivatives and Hedging Activities Designated as Cash Flow Hedges Derivatives and Hedging Activities Designated as Net Investment Hedges Derivatives and Hedging Activities Not Designated as Hedging Instruments July 2, 2023 March 31, 2023 July 2, 2023 March 31, 2023 July 2, 2023 March 31, 2023 Prepaid and other current assets: Lead forward contracts $ 409 $ — $ — $ — $ — $ — Foreign currency forward contracts 764 723 — — — 200 Net investment hedges — — — — — — Other assets: Interest Rate Swaps 3,057 — — — — — Net investment hedges — — — — — — Total assets $ 4,230 $ 723 $ — $ — $ — $ 200 Accrued expenses: Lead forward contracts $ — $ 89 $ — $ — $ — $ — Foreign currency forward contracts — — — — 960 — Other liabilities: Interest Rate Swaps — 1,162 — — — — Net investment hedges — — 18,661 15,760 — — Total liabilities $ — $ 1,251 $ 18,661 $ 15,760 $ 960 $ —
The Effect of Derivative Instruments on Consolidated Condensed Statements of Income	The Effect of Derivative Instruments on the Consolidated Condensed Statements of Income For the quarter ended July 2, 2023 Derivatives Designated as Cash Flow Hedges Pretax Gain (Loss) Recognized in AOCI on Derivative (Effective Portion) Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion) Pretax Gain (Loss) Reclassified from AOCI into Income (Effective Portion) Lead forward contracts $ 475 Cost of goods sold $ 630 Foreign currency forward contracts 899 Cost of goods sold 3,095 Interest rate swaps 4,849 Interest expense 171 Total 6,223 3,896 Derivatives Designated as Net Investment Hedges Pretax Gain (Loss) Recognized in AOCI on Derivative (Effective Portion) Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion) Pretax Gain (Loss) Reclassified from AOCI into Income (Effective Portion) Cross currency fixed interest rate swaps $ (2,790) Interest expense $ 112 Total (2,790) 112 Derivatives Not Designated as Hedging Instruments Location of Gain (Loss) Recognized in Income on Derivatives Pretax Gain (Loss) Foreign currency forward contracts Other (income) expense, net $ (503) Total $ (503) The Effect of Derivative Instruments on the Consolidated Condensed Statements of Income For the quarter ended July 3, 2022 Derivatives Designated as Cash Flow Hedges Pretax Gain (Loss) Recognized in AOCI on Derivative (Effective Portion) Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion) Pretax Gain (Loss) Reclassified from AOCI into Income (Effective Portion) Lead forward contracts $ (10,862) Cost of goods sold $ 695 Foreign currency forward contracts 1,255 Cost of goods sold 446 Total $ (9,607) $ 1,141 Derivatives Designated as Net Investment Hedges Pretax Gain (Loss) Recognized in AOCI on Derivative (Effective Portion) Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion) Pretax Gain (Loss) Reclassified from AOCI into Income (Effective Portion) Cross currency fixed interest rate swaps $ 23,595 Interest expense $ 1,258 Total 23,595 1,258 Derivatives Not Designated as Hedging Instruments Location of Gain (Loss) Recognized in Income on Derivatives Pretax Gain (Loss) Foreign currency forward contracts Other (income) expense, net $ 216 Total $ 216

Warranty (Tables)

Warranty (Tables)	3 Months Ended
	Jul. 02, 2023
Product Warranties Disclosures [Abstract]
Analysis Of Changes In Liability For Product Warranties	An analysis of changes in the liability for product warranties is as follows: Quarter ended July 2, 2023 July 3, 2022 Balance at beginning of period $ 56,630 $ 54,978 Current period provisions 8,685 4,940 Costs incurred (7,446) (5,744) Foreign currency translation adjustment 569 (1,220) Balance at end of period $ 58,438 $ 52,954

Restructuring and other Exit _2

Restructuring and other Exit Charges (Tables)	3 Months Ended
	Jul. 02, 2023
Restructuring and Related Activities [Abstract]
Reconciliation of Restructuring Reserve	Restructuring and exit charges for the first quarter of fiscal 2024 by reportable segments are as follows: Quarter ended July 2, 2023 Energy Systems Motive Power Specialty Total Restructuring charges $ 488 $ — $ — $ 488 Exit charges — 1,559 4,262 5,821 Restructuring and other exit charges $ 488 $ 1,559 $ 4,262 $ 6,309 A roll-forward of the restructuring reserve, excluding exit charges, is as follows: Balance as of March 31, 2023 $ 445 Accrued 488 Costs incurred (505) Foreign currency impact 4 Balance as of July 2, 2023 $ 432

Debt (Tables)

Debt (Tables)	3 Months Ended
	Jul. 02, 2023
Debt Disclosure [Abstract]
Long-Term Debt And Capital Lease Obligations	The following summarizes the Company’s long-term debt as of July 2, 2023 and March 31, 2023: July 2, 2023 March 31, 2023 Principal Unamortized Issuance Costs Principal Unamortized Issuance Costs Senior Notes $ 300,000 $ 2,561 $ 300,000 $ 2,705 Fourth Amended Credit Facility, due 2026 613,782 3,453 748,413 3,719 $ 913,782 $ 6,014 $ 1,048,413 $ 6,424 Less: Unamortized issuance costs 6,014 6,424 Long-term debt, net of unamortized issuance costs $ 907,768 $ 1,041,989

Retirement Plans (Tables)

Retirement Plans (Tables)	3 Months Ended
	Jul. 02, 2023
Retirement Benefits [Abstract]
Net Periodic Benefit Cost Related To Defined Benefit Pension Plans	The following tables present the components of the Company’s net periodic benefit cost related to its defined benefit pension plans: United States Plans International Plans Quarter ended Quarter ended July 2, 2023 July 3, 2022 July 2, 2023 July 3, 2022 Service cost $ — $ — $ 220 $ 235 Interest cost 166 145 585 440 Expected return on plan assets (76) (119) (406) (517) Amortization and deferral — — 29 123 Net periodic benefit cost $ 90 $ 26 $ 428 $ 281

Stockholders' Equity and Nonc_2

Stockholders' Equity and Noncontrolling Interests (Tables)	3 Months Ended
	Jul. 02, 2023
Equity [Abstract]
Change In Number Of Shares Of Common Stock Outstanding	The following demonstrates the change in the number of shares of common stock outstanding during the current quarter ended July 2, 2023: Shares outstanding as of March 31, 2023 40,901,059 Shares issued under equity-based compensation plans, net of equity awards surrendered for option price and taxes 128,975 Shares outstanding as of July 2, 2023 41,030,034
Components Of Accumulated Other Comprehensive Income	The components of AOCI, net of tax, as of July 2, 2023 and March 31, 2023, are as follows: March 31, 2023 Before Reclassifications Amounts Reclassified from AOCI July 2, 2023 Pension funded status adjustment $ (4,423) $ — $ 20 $ (4,403) Net unrealized gain (loss) on derivative instruments 1,411 4,771 (2,985) 3,197 Foreign currency translation adjustment (1) (180,462) 2,192 — (178,270) Accumulated other comprehensive (loss) income $ (183,474) $ 6,963 $ (2,965) $ (179,476) (1)
Reclassification from Accumulated Other Comprehensive Income	The following table presents reclassifications from AOCI during the first quarter ended July 2, 2023: Components of AOCI Amounts Reclassified from AOCI Location of (Gain) Loss Recognized on Income Statement Derivatives in cash flow hedging relationships: Net unrealized gain on derivative instruments $ (3,896) Cost of goods sold Tax expense 911 Net unrealized loss on derivative instruments, net of tax $ (2,985) Derivatives in net investment hedging relationships: Net unrealized gain on derivative instruments $ (112) Interest expense Tax expense 26 Net unrealized gain on derivative instruments, net of tax $ (86) Defined benefit pension costs: Prior service costs and deferrals $ 29 Net periodic benefit cost, included in other (income) expense, net - See Note 12 Tax benefit (9) Net periodic benefit cost, net of tax $ 20 The following table presents reclassifications from AOCI during the first quarter ended July 3, 2022: Components of AOCI Amounts Reclassified from AOCI Location of (Gain) Loss Recognized on Income Statement Derivatives in cash flow hedging relationships: Net unrealized gain on derivative instruments $ (1,141) Cost of goods sold Tax expense 267 Net unrealized gain on derivative instruments, net of tax $ (874) Derivatives in net investment hedging relationships: Net unrealized gain on derivative instruments $ (1,258) Interest expense Tax expense 294 Net unrealized gain on derivative instruments, net of tax $ (964) Defined benefit pension costs: Prior service costs and deferrals $ 123 Net periodic benefit cost, included in other (income) expense, net - See Note 12 Tax benefit (34) Net periodic benefit cost, net of tax $ 89
Schedule of Change in Stockholders Equity	The following demonstrates the change in equity attributable to EnerSys stockholders and nonredeemable noncontrolling interests during the first quarter and current quarter ended July 2, 2023: (In Thousands , Except Per Share Data) Preferred Common Additional Paid-in Treasury Retained Accumulated Contra-Equity Total Non- Total Balance at March 31, 2023 $ — $ 560 $ 596,464 $ (740,956) $ 1,930,148 $ (183,474) $ (2,463) $ 1,600,279 $ 3,602 $ 1,603,881 Stock-based compensation — — 7,933 — — — — 7,933 — 7,933 Exercise of stock options — 5 7,649 — — — — 7,654 — 7,654 Shares issued under equity awards (taxes paid related to net share settlement of equity awards), net — — — — — — — — — — Purchase of common stock — — — — — — — — — — Other — — 65 214 — — — 279 — 279 Net earnings — — — — 66,797 — — 66,797 — 66,797 Dividends ($0.175 per common share) — — 184 — (7,357) — — (7,173) — (7,173) Other comprehensive income: Pension funded status adjustment (net of tax benefit of $9) — — — — — 20 — 20 — 20 Net unrealized gain (loss) on derivative instruments (net of tax expense of $544) — — — — — 1,786 — 1,786 — 1,786 Foreign currency translation adjustment — — — — — 2,192 — 2,192 (190) 2,002 Balance at July 2, 2023 $ — $ 565 $ 612,295 $ (740,742) $ 1,989,588 $ (179,476) $ (2,463) $ 1,679,767 $ 3,412 $ 1,683,179 The following demonstrates the change in equity attributable to EnerSys stockholders and nonredeemable noncontrolling interests during the first quarter and current quarter ended July 3, 2022: (In Thousands , Except Per Share Data) Preferred Common Additional Paid-in Treasury Retained Accumulated Contra-Equity Total Non- Total Balance at March 31, 2022 $ — $ 557 $ 571,464 $ (719,119) $ 1,783,586 $ (143,495) $ (3,620) $ 1,489,373 $ 3,902 $ 1,493,275 Stock-based compensation — — 5,330 — — — — 5,330 — 5,330 Exercise of stock options — 1 — — — — — 1 — 1 Shares issued under equity awards (taxes paid related to net share settlement of equity awards), net — — (633) — — — — (633) — (633) Purchase of common stock — — — (22,907) — — — (22,907) — (22,907) Other — — (41) 240 — — — 199 — 199 Net earnings — — — — 30,978 — — 30,978 — 30,978 Dividends ($0.175 per common share) — — 174 — (7,282) — — (7,108) — (7,108) Dissolution of joint venture — — — — — — — — — — Other comprehensive income: Pension funded status adjustment (net of tax benefit of $34) — — — — — 89 — 89 — 89 Net unrealized gain (loss) on derivative instruments (net of tax benefit of $2,514) — — — — — (8,234) — (8,234) — (8,234) Foreign currency translation adjustment — — — — — (52,010) — (52,010) (210) (52,220) Balance at July 3, 2022 $ — $ 558 $ 576,294 $ (741,786) $ 1,807,282 $ (203,650) $ (3,620) $ 1,435,078 $ 3,692 $ 1,438,770

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Jul. 02, 2023
Earnings Per Share [Abstract]
Schedule of Weighted Average Number of Shares	The following table sets forth the reconciliation from basic to diluted weighted-average number of common shares outstanding and the calculations of net earnings per common share attributable to EnerSys stockholders. Quarter ended July 2, 2023 July 3, 2022 Net earnings attributable to EnerSys stockholders $ 66,797 $ 30,978 Weighted-average number of common shares outstanding: Basic 40,937,334 40,786,336 Dilutive effect of: Common shares from exercise and lapse of equity awards, net of shares assumed reacquired 760,990 566,310 Diluted weighted-average number of common shares outstanding 41,698,324 41,352,646 Basic earnings per common share attributable to EnerSys stockholders $ 1.63 $ 0.76 Diluted earnings per common share attributable to EnerSys stockholders $ 1.60 $ 0.75 Anti-dilutive equity awards not included in diluted weighted-average common shares 432,487 1,002,352

Business Segments Business Segm

Business Segments Business Segments (Tables)	3 Months Ended
	Jul. 02, 2023
Segment Reporting [Abstract]
Selected Financial Data for Reportable Business Segments and Product Lines	Summarized financial information related to the Company's reportable segments for the first quarter ended July 2, 2023 and July 3, 2022, is shown below: Quarter ended July 2, 2023 July 3, 2022 Net sales by segment to unaffiliated customers (1) Energy Systems $ 424,548 $ 408,579 Motive Power 350,781 367,851 Specialty 133,240 122,541 Total net sales $ 908,569 $ 898,971 Operating earnings by segment Energy Systems $ 29,649 $ 15,014 Motive Power 50,368 42,406 Specialty 9,817 9,231 Corporate and other (3) 17,403 — Inventory adjustment relating to exit activities - Specialty (3,098) — Restructuring and other exit charges - Energy Systems (488) (162) Restructuring and other exit charges - Motive Power (1,559) (8,166) Restructuring and other exit charges - Specialty (4,262) — Amortization - Energy Systems (6,217) (7,330) Amortization - Motive (111) (110) Amortization - Specialty (702) (735) Other - Energy Systems (749) (10) Other - Motive (468) (9) Other - Specialty $ (138) $ — Total operating earnings (2) $ 89,445 $ 50,129 (1) Reportable segments do not record inter-segment revenues and accordingly there are none to report. (2) The Company does not allocate interest expense or other (income) expense, net, to the reportable segments. (3) Corporate and other includes amounts managed on a company-wide basis and not directly allocated to any reportable segments, primarily relating to IRA production tax credits. Also, included are start up costs for exploration of a new lithium plant as well as start-up operating expenses from the New Ventures operating segment.

Revenue Recognition - (Addition

Revenue Recognition - (Additional Information) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 02, 2023	Jul. 03, 2022	Mar. 31, 2023
Disaggregation of Revenue [Line Items]
Net sales	$ 908,569	$ 898,971
Contract with customer, liability, current portion	29,822		$ 34,594
Contract with customer, liability, noncurrent portion	974		1,437
Revenue recognized	12,391	4,590
Unbilled contracts receivable	56,177		$ 48,616
Right to recover product	4,748
Refund liability	8,317
Transferred over Time
Disaggregation of Revenue [Line Items]
Net sales	58,654	57,004
Service
Disaggregation of Revenue [Line Items]
Net sales	$ 100,922	$ 99,824

Revenue Recognition - (Remainin

Revenue Recognition - (Remaining Performance Obligation) (Details) $ in Thousands	Jul. 02, 2023 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 149,294
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-07-03
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 119,987
Remaining performance obligation, timing of satisfaction	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-03
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 29,242
Remaining performance obligation, timing of satisfaction	2 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-07-03
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 18
Remaining performance obligation, timing of satisfaction	3 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-07-03
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 23
Remaining performance obligation, timing of satisfaction	4 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-07-03
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 24
Remaining performance obligation, timing of satisfaction	5 years

Accounts Receivable - Schedule

Accounts Receivable - Schedule of Accounts Receivable (Details) - USD ($) $ in Thousands	Jul. 02, 2023	Mar. 31, 2023
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Accounts receivable	$ 575,531	$ 646,592
Allowance for doubtful accounts	9,033	8,775
Accounts receivable, net	$ 566,498	$ 637,817

Accounts Receivable - Additiona

Accounts Receivable - Additional Information (Details)	Jul. 02, 2023 USD ($)
Receivables [Abstract]
Accounts receivable, selling, maximum amount	$ 150,000
Accounts receivable sold to financial institution	182,391
Accounts receivable sold to financial institution, net proceeds	182,391
Accounts receivable sold to financial institution, proceeds collected	183,352
Accounts receivables, collateralized	$ 228,154

Inventories - (Details)

Inventories - (Details) - USD ($) $ in Thousands	Jul. 02, 2023	Mar. 31, 2023
Inventory Disclosure [Abstract]
Raw materials	$ 316,477	$ 323,418
Work-in-process	119,320	123,401
Finished goods	373,605	350,979
Total	$ 809,402	$ 797,798

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - (Financial Assets and Liabilities) (Details) - USD ($) $ in Thousands	Jul. 02, 2023	Mar. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative fair value	$ (15,391)	$ (16,088)
Quoted Price in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative fair value	0	0
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative fair value	(15,391)	(16,088)
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative fair value	0	0
Lead forward contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative fair value	409	(89)
Lead forward contracts | Quoted Price in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative fair value	0	0
Lead forward contracts | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative fair value	409	(89)
Lead forward contracts | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative fair value	0	0
Foreign currency forward contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative fair value	(196)	923
Foreign currency forward contracts | Quoted Price in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative fair value	0	0
Foreign currency forward contracts | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative fair value	(196)	923
Foreign currency forward contracts | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative fair value	0	0
Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative fair value	3,057	(1,162)
Interest rate swaps | Quoted Price in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative fair value	0	0
Interest rate swaps | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative fair value	3,057	(1,162)
Interest rate swaps | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative fair value	0	0
Net investment hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative fair value	(18,661)	(15,760)
Net investment hedges | Quoted Price in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative fair value	0	0
Net investment hedges | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative fair value	(18,661)	(15,760)
Net investment hedges | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative fair value	$ 0	$ 0

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - (Additional Information) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 02, 2023	Mar. 31, 2023	Mar. 31, 2021
Fixed Asset Write-Off | Closure Of Facility In Ooltewah, Tennessee
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Restructuring charges	$ 7,300
4.375% Senior Notes due 2027
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate			4.375%
Long-term debt			$ 300,000
Face value of trades, percentage	92%	92%

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - (Carrying Amounts and Estimated Fair Values) (Details) - USD ($) $ in Thousands	Jul. 02, 2023	Mar. 31, 2023
Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivatives, Financial assets	$ 0	$ 0
Senior Notes, Financial liabilities	300,000	300,000
Derivatives	(15,391)	(16,088)
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivatives, Financial assets	0	0
Senior Notes, Financial liabilities	276,750	276,000
Derivatives	$ (15,391)	$ (16,088)

Derivative Financial Instrume_3

Derivative Financial Instruments - (Additional Information) (Details) $ in Thousands, lb in Millions		3 Months Ended
	Sep. 29, 2022 USD ($)	Jul. 02, 2023 USD ($) lb	Mar. 31, 2023 USD ($) lb	Dec. 23, 2021 USD ($)
Derivatives, Fair Value [Line Items]
Proceeds from termination of net investment hedges	$ 43,384
Designated as Hedging Instrument | Cross currency fixed interest rate swaps
Derivatives, Fair Value [Line Items]
Derivative notional amount	300,000			$ 300,000
Designated as Hedging Instrument | Cross Currency Fixed Interest Rate Contract
Derivatives, Fair Value [Line Items]
Derivative notional amount	$ 150,000	$ 150
Designated as Hedging Instrument | Interest Rate Swap, Fixed-Rate Basis
Derivatives, Fair Value [Line Items]
Derivative notional amount		200,000	$ 200,000
Cost of Sales and Interest Expense
Derivatives, Fair Value [Line Items]
Foreign currency cash flow hedge gain to be reclassified during next 12 months		$ 5,069
Lead forward contracts
Derivatives, Fair Value [Line Items]
Notional amount in pounds | lb		55	50
Fair value of hedges, net		$ 52,137	$ 47,921
Foreign currency forward contracts
Derivatives, Fair Value [Line Items]
Derivative, term (not extending beyond)		1 year
Derivative notional amount		$ 44,760	45,823
Foreign currency forward contracts | Derivatives and Hedging Activities Not Designated as Hedging Instruments
Derivatives, Fair Value [Line Items]
Derivative notional amount		$ 75,798	$ 102,558

Derivative Financial Instrume_4

Derivative Financial Instruments - (Location and Amounts of Derivative Fair Values) (Details) - USD ($) $ in Thousands	Jul. 02, 2023	Mar. 31, 2023
Derivatives and Hedging Activities Designated as Hedging Instruments | Cash Flow Hedges
Derivatives, Fair Value [Line Items]
Total assets	$ 4,230	$ 723
Total liabilities	0	1,251
Derivatives and Hedging Activities Designated as Hedging Instruments | Net investment hedges
Derivatives, Fair Value [Line Items]
Total assets	0	0
Total liabilities	18,661	15,760
Derivatives and Hedging Activities Designated as Hedging Instruments | Prepaid and other current assets | Cross currency fixed interest rate swaps | Net investment hedges
Derivatives, Fair Value [Line Items]
Total assets	0	0
Derivatives and Hedging Activities Designated as Hedging Instruments | Other Assets | Cross currency fixed interest rate swaps | Cash Flow Hedges
Derivatives, Fair Value [Line Items]
Total assets	3,057
Derivatives and Hedging Activities Designated as Hedging Instruments | Other Assets | Cross currency fixed interest rate swaps | Net investment hedges
Derivatives, Fair Value [Line Items]
Total assets	0	0
Derivatives and Hedging Activities Designated as Hedging Instruments | Other liabilities | Cross currency fixed interest rate swaps | Cash Flow Hedges
Derivatives, Fair Value [Line Items]
Total liabilities		1,162
Derivatives and Hedging Activities Designated as Hedging Instruments | Other liabilities | Cross currency fixed interest rate swaps | Net investment hedges
Derivatives, Fair Value [Line Items]
Total liabilities	18,661	15,760
Derivatives and Hedging Activities Not Designated as Hedging Instruments
Derivatives, Fair Value [Line Items]
Total assets	0	200
Total liabilities	960	0
Lead forward contracts | Derivatives and Hedging Activities Designated as Hedging Instruments | Prepaid and other current assets | Cash Flow Hedges
Derivatives, Fair Value [Line Items]
Total assets	409	0
Lead forward contracts | Derivatives and Hedging Activities Designated as Hedging Instruments | Accrued expenses | Cash Flow Hedges
Derivatives, Fair Value [Line Items]
Total liabilities	0	89
Lead forward contracts | Derivatives and Hedging Activities Not Designated as Hedging Instruments | Accrued expenses
Derivatives, Fair Value [Line Items]
Total liabilities	0	0
Foreign currency forward contracts | Derivatives and Hedging Activities Designated as Hedging Instruments | Prepaid and other current assets | Cash Flow Hedges
Derivatives, Fair Value [Line Items]
Total assets	764	723
Foreign currency forward contracts | Derivatives and Hedging Activities Not Designated as Hedging Instruments | Prepaid and other current assets
Derivatives, Fair Value [Line Items]
Total assets	0	200
Foreign currency forward contracts | Derivatives and Hedging Activities Not Designated as Hedging Instruments | Accrued expenses
Derivatives, Fair Value [Line Items]
Total liabilities	$ 960	$ 0

Derivative Financial Instrume_5

Derivative Financial Instruments - (Derivatives Effect on Statements of Income) (Details) - Designated as Hedging Instrument - USD ($) $ in Thousands	3 Months Ended
	Jul. 02, 2023	Jul. 03, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Pretax Gain (Loss) Recognized in AOCI on Derivative (Effective Portion)	$ 6,223	$ (9,607)
Pretax Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	3,896	1,141
Pretax Gain (Loss) Recognized in AOCI on Derivative (Effective Portion)	(2,790)	23,595
Pretax Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	112	1,258
Lead forward contracts | Cost of goods sold
Derivative Instruments, Gain (Loss) [Line Items]
Pretax Gain (Loss) Recognized in AOCI on Derivative (Effective Portion)	475	(10,862)
Pretax Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	630	695
Foreign currency forward contracts | Cost of goods sold
Derivative Instruments, Gain (Loss) [Line Items]
Pretax Gain (Loss) Recognized in AOCI on Derivative (Effective Portion)	899	1,255
Pretax Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	3,095	446
Cross currency fixed interest rate swaps | Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Pretax Gain (Loss) Recognized in AOCI on Derivative (Effective Portion)	(2,790)	23,595
Pretax Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	112	$ 1,258
Interest rate swaps | Cost of goods sold
Derivative Instruments, Gain (Loss) [Line Items]
Pretax Gain (Loss) Recognized in AOCI on Derivative (Effective Portion)	4,849
Pretax Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	$ 171

Derivative Financial Instrume_6

Derivative Financial Instruments - (Derivatives Not Designated as Hedging Instruments) (Details) - Derivatives Not Designated as Hedging Instruments - USD ($) $ in Thousands	3 Months Ended
	Jul. 02, 2023	Jul. 03, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives Not Designated as Hedging Instruments	$ (503)	$ 216
Other (income) expense, net
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives Not Designated as Hedging Instruments	$ (503)	$ 216

Income Taxes - (Additional Info

Income Taxes - (Additional Information) (Details)	3 Months Ended		9 Months Ended
	Jul. 02, 2023	Jul. 03, 2022	Jan. 01, 2023
Income Tax Disclosure [Abstract]
Effective income tax rates	9.20%	15.70%
Foreign income as a percentage of worldwide income	51%		77%
Foreign effective income tax rates	12%	11%
Tax rate of Swiss subsidiary	8%	9%

Warranty - (Analysis of Changes

Warranty - (Analysis of Changes in the Liability) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 02, 2023	Jul. 03, 2022
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]
Balance at beginning of period	$ 56,630	$ 54,978
Current period provisions	8,685	4,940
Costs incurred	(7,446)	(5,744)
Foreign currency translation adjustment	569	(1,220)
Balance at end of period	$ 58,438	$ 52,954

Restructuring and other Exit _3

Restructuring and other Exit Charges - (Additional Information) (Details) $ in Thousands		1 Months Ended	3 Months Ended		12 Months Ended
	Jun. 29, 2022 USD ($) Employee	Nov. 30, 2022 USD ($)	Jul. 02, 2023 USD ($)	Jul. 03, 2022 USD ($)	Mar. 31, 2023 USD ($) Employee	Mar. 31, 2022 USD ($)	Mar. 31, 2021 USD ($)	Jan. 01, 2023 USD ($)
Restructuring Cost and Reserve [Line Items]
Expected remaining cost			$ 432
Inventory adjustment relating to exit activities			3,098	$ 0
Write-off of assets relating to exit activities			3,343	7,445
Restructuring and other exit charges			6,309	8,328
Employee Severance
Restructuring Cost and Reserve [Line Items]
Restructuring charges			488
Restructuring costs incurred			505
Restructuring and other exit charges			6,309
Exit charges			5,821
Employee Severance | Energy Systems
Restructuring Cost and Reserve [Line Items]
Restructuring charges			488
Restructuring and other exit charges			488
Exit charges			0
Employee Severance | Motive Power
Restructuring Cost and Reserve [Line Items]
Restructuring charges			0
Restructuring and other exit charges			1,559
Exit charges			1,559
Employee Severance | Specialty
Restructuring Cost and Reserve [Line Items]
Restructuring charges			0
Restructuring and other exit charges			4,262
Exit charges			4,262
Closure of Facility in Hagen, Germany
Restructuring Cost and Reserve [Line Items]
Expected additional restructuring charges								$ 60,000
Estimated number of positions eliminated | Employee					200
Inventory adjustment relating to exit activities						$ 960
Closure of Facility in Hagen, Germany | Cash charges
Restructuring Cost and Reserve [Line Items]
Expected additional restructuring charges								40,000
Closure of Facility in Hagen, Germany | Severance, Cash Charges
Restructuring Cost and Reserve [Line Items]
Restructuring charges							$ 23,331
Closure of Facility in Hagen, Germany | Non Cash Charges
Restructuring Cost and Reserve [Line Items]
Expected additional restructuring charges								$ 20,000
Closure of Facility in Hagen, Germany | Severance, Non Cash Charges
Restructuring Cost and Reserve [Line Items]
Restructuring charges						3,522	$ 7,946
Closure of Facility in Hagen, Germany | Employee Severance
Restructuring Cost and Reserve [Line Items]
Restructuring charges						$ 8,069
Closure of Facility in Hagen, Germany | Site Clean Up, Cash Charges
Restructuring Cost and Reserve [Line Items]
Restructuring charges			485		$ 2,207
Closure of Facility in Hagen, Germany | Accelerated Depreciation, Non Cash Charges
Restructuring Cost and Reserve [Line Items]
Restructuring charges			143		562
Closure Of Facility In Ooltewah, Tennessee
Restructuring Cost and Reserve [Line Items]
Expected additional restructuring charges	$ 18,500
Estimated number of positions eliminated | Employee	165
Closure Of Facility In Ooltewah, Tennessee | Cash charges
Restructuring Cost and Reserve [Line Items]
Expected additional restructuring charges	$ 9,200		881	2,735
Closure Of Facility In Ooltewah, Tennessee | Non Cash Charges
Restructuring Cost and Reserve [Line Items]
Expected additional restructuring charges	$ 9,300			7,261
Closure Of Facility In Ooltewah, Tennessee | Non Cash Charges | Cost of goods sold
Restructuring Cost and Reserve [Line Items]
Expected additional restructuring charges				$ 1,613
Closure of Facility in Sylmar, California
Restructuring Cost and Reserve [Line Items]
Write-off of assets relating to exit activities		$ 5,700
Exit charges		9,460
Closure of Facility in Sylmar, California | Severance, Cash Charges
Restructuring Cost and Reserve [Line Items]
Restructuring charges			4,017		1,682
Closure of Facility in Sylmar, California | Non Cash Charges | Cost of goods sold
Restructuring Cost and Reserve [Line Items]
Expected additional restructuring charges			3,098
Closure of Facility in Sylmar, California | Fixed Asset Write Off, Non-Cash Charges
Restructuring Cost and Reserve [Line Items]
Restructuring charges		$ 3,760
Closure of Facility in Sylmar, California | Contract Assets, Non-Cash Charges
Restructuring Cost and Reserve [Line Items]
Restructuring charges			$ 245		$ 417

Restructuring and other Exit _4

Restructuring and other Exit Charges - (Roll-forward of Restructuring and Other Exit Charges) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 02, 2023	Jul. 03, 2022
Restructuring Reserve [Roll Forward]
Restructuring and other exit charges	$ 6,309	$ 8,328
Employee Severance
Restructuring Reserve [Roll Forward]
Restructuring charges	488
Exit charges	5,821
Restructuring and other exit charges	6,309
Employee Severance | Energy Systems
Restructuring Reserve [Roll Forward]
Restructuring charges	488
Exit charges	0
Restructuring and other exit charges	488
Employee Severance | Motive Power
Restructuring Reserve [Roll Forward]
Restructuring charges	0
Exit charges	1,559
Restructuring and other exit charges	1,559
Employee Severance | Specialty
Restructuring Reserve [Roll Forward]
Restructuring charges	0
Exit charges	4,262
Restructuring and other exit charges	$ 4,262

Restructuring and other Exit _5

Restructuring and other Exit Charges - (Roll-forward of Restructuring Reserve) (Details) - Employee Severance $ in Thousands	3 Months Ended
	Jul. 02, 2023 USD ($)
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance	$ 445
Costs incurred	(505)
Foreign currency impact	4
Restructuring reserve, ending balance	432
Restructuring and Related Cost, Incurred Cost	$ 488

Debt - (Long-term Debt Includin

Debt - (Long-term Debt Including Capital Lease Obligations) (Details) - USD ($) $ in Thousands	Jul. 02, 2023	Mar. 31, 2023
Debt Instrument [Line Items]
Debt and lease obligation	$ 913,782	$ 1,048,413
Unamortized Issuance Costs	6,014	6,424
Long-term debt, net of unamortized issuance costs	907,768	1,041,989
Senior Notes
Debt Instrument [Line Items]
Long-term debt	300,000	300,000
Unamortized Issuance Costs	2,561	2,705
Fourth Amended Credit Facility, due 2026 | Fourth Amended Credit Facility, due 2026
Debt Instrument [Line Items]
Incremental term loan commitment	613,782	748,413
Unamortized Issuance Costs	$ 3,453	$ 3,719

Debt - (Senior Notes - Narrativ

Debt - (Senior Notes - Narrative) (Details) - Senior Notes - USD ($) $ in Thousands	Dec. 11, 2019	Jul. 02, 2023	Mar. 31, 2023
Debt Instrument [Line Items]
Long-term debt		$ 300,000	$ 300,000
4.375% Senior Notes due 2027
Debt Instrument [Line Items]
Interest rate	4.375%
Long-term debt	$ 300,000
Proceeds from issuance of debt, net of debt issuance costs	$ 296,250
4.375% Senior Notes due 2027 | Redemption Period One
Debt Instrument [Line Items]
Redemption percentage	100%
4.375% Senior Notes due 2027 | Redemption Period Two
Debt Instrument [Line Items]
Redemption percentage	100%
4.375% Senior Notes due 2027 | Redemption Period Three
Debt Instrument [Line Items]
Redemption percentage	101%

Debt - (Credit Facility and Sub

Debt - (Credit Facility and Subsequent Amendments - Narrative) (Details)	3 Months Ended		12 Months Ended
	Jul. 02, 2023 USD ($)	Oct. 03, 2021 USD ($)	Mar. 31, 2019 USD ($)	Mar. 31, 2023 USD ($)	Oct. 02, 2022 USD ($)	Oct. 03, 2021 CAD ($)	Mar. 31, 2019 CAD ($)	Mar. 31, 2018 USD ($)
Line of Credit
Debt Instrument [Line Items]
Available lines of credit	$ 823,925,000			$ 693,444,000
Amended Credit Facility, due 2022 | Secured Debt
Debt Instrument [Line Items]
Debt instrument, face amount								$ 150,000,000
Amended 2017 Term Loan | Secured Debt
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity			$ 449,105,000
Change in face amount			(299,105,000)
Amended 2017 Term Loan, Canadian Dollars | Secured Debt
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity			99,105,000				$ 133,050,000
Amended 2017 Revolver | Line of Credit
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity			700,000,000
Second Amended Term Loan | Secured Debt
Debt Instrument [Line Items]
Debt instrument, face amount		$ 130,000,000
Change in face amount		150,000,000
Available lines of credit	498,782,000
Second Amended Term Loan | Secured Debt | Redemption Period One
Debt Instrument [Line Items]
Debt instrument, periodic payment	2,630,000
Second Amended Term Loan | Secured Debt | Redemption Period Two
Debt Instrument [Line Items]
Debt instrument, periodic payment	3,945,000
Second Amended Term Loan | Secured Debt | Redemption Period Three
Debt Instrument [Line Items]
Debt instrument, periodic payment	5,261,000
Second Amended Term Loan | Secured Debt | Debt Instrument, Redemption, Period Four
Debt Instrument [Line Items]
Debt instrument, periodic payment	$ 157,817,000
Second Amended Term Loan, Canadian Dollars | Secured Debt
Debt Instrument [Line Items]
Debt instrument, face amount		84,229,000				$ 106,440,000
Third Amended Term Loan
Debt Instrument [Line Items]
Debt instrument, covenant, leverage ratio	4.50
Debt instrument, covenant, leverage ratio	4
Third Amended Term Loan | Minimum
Debt Instrument [Line Items]
Debt instrument, covenant, leverage ratio	4
Debt instrument, covenant, leverage ratio	3.50
Third Amended Term Loan | Maximum
Debt Instrument [Line Items]
Debt instrument, covenant, leverage ratio	4.25
Consideration transferred	$ 250,000,000
Debt instrument, covenant, leverage ratio	4.25
Third Amended Term Loan | Secured Debt
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity					$ 300,000,000
Capitalized debt issuance costs					1,161,000
Deferred asset					1,096,000
Long-term debt					$ 300,000,000
Available lines of credit	$ 300,000,000
Third Amended Term Loan | Secured Debt | Secured Overnight Financing Rate
Debt Instrument [Line Items]
Basis spread on variable rate	1,000%
Third Amended Term Loan | Secured Debt | Secured Overnight Financing Rate | Net Leverage Ratio
Debt Instrument [Line Items]
Basis spread on variable rate	1.50%
Third Amended Term Loan | Secured Debt | Federal Funds Effective Rate
Debt Instrument [Line Items]
Basis spread on variable rate	0.50%
Third Amended Term Loan | Secured Debt | Eurocurrency Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate	1%
Third Amended Term Loan | Secured Debt | Minimum
Debt Instrument [Line Items]
Commitment fee percentage	0.175%
Third Amended Term Loan | Secured Debt | Minimum | Secured Overnight Financing Rate
Debt Instrument [Line Items]
Basis spread on variable rate	1.375%
Third Amended Term Loan | Secured Debt | Minimum | Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate	0.375%
Third Amended Term Loan | Secured Debt | Maximum
Debt Instrument [Line Items]
Commitment fee percentage	0.35%
Third Amended Term Loan | Secured Debt | Maximum | Secured Overnight Financing Rate
Debt Instrument [Line Items]
Basis spread on variable rate	2.50%
Third Amended Term Loan | Secured Debt | Maximum | Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate	1.50%
Third Amended Term Loan | Secured Debt | Redemption Period One
Debt Instrument [Line Items]
Debt instrument, periodic payment	$ 3,750,000
Third Amended Term Loan | Secured Debt | Redemption Period Two
Debt Instrument [Line Items]
Debt instrument, periodic payment	5,625,000
Third Amended Term Loan | Secured Debt | Redemption Period Three
Debt Instrument [Line Items]
Debt instrument, periodic payment	7,500,000
Third Amended Term Loan | Secured Debt | Debt Instrument, Redemption, Period Four
Debt Instrument [Line Items]
Debt instrument, periodic payment	$ 232,500,000
Second Amended Credit Facility | Fourth Amended Credit Facility, due 2026
Debt Instrument [Line Items]
Percentage of capital stock collateralizing debt	65%
Second Amended Credit Facility | Fourth Amended Credit Facility, due 2026 | Secured Overnight Financing Rate
Debt Instrument [Line Items]
Basis spread on variable rate	1.25%
Second Amended Credit Facility | Fourth Amended Credit Facility, due 2026 | Federal Funds Effective Rate
Debt Instrument [Line Items]
Basis spread on variable rate	0.50%
Second Amended Credit Facility | Fourth Amended Credit Facility, due 2026 | Eurocurrency Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate	1%
Second Amended Credit Facility | Fourth Amended Credit Facility, due 2026 | CDOR
Debt Instrument [Line Items]
Basis spread on variable rate	0.50%
Second Amended Credit Facility | Fourth Amended Credit Facility, due 2026 | Minimum | Secured Overnight Financing Rate
Debt Instrument [Line Items]
Basis spread on variable rate	1.125%
Second Amended Credit Facility | Fourth Amended Credit Facility, due 2026 | Maximum | Secured Overnight Financing Rate
Debt Instrument [Line Items]
Basis spread on variable rate	2.25%
Revolving Credit Facility | Amended Credit Facility, due 2022 | Line of Credit
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity								$ 600,000,000
Revolving Credit Facility | Amended 2017 Revolver | Line of Credit
Debt Instrument [Line Items]
Change in borrowing capacity			$ 100,000,000
Revolving Credit Facility | Second Amended Revolver | Line of Credit
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		850,000,000
Change in borrowing capacity		$ 150,000,000
Available lines of credit	$ 115,000,000
Revolving Credit Facility | Fourth Amended Credit Facility | Fourth Amended Credit Facility, due 2026
Debt Instrument [Line Items]
Optional increase in line of credit maximum borrowing capacity	$ 350,000,000

Debt - (Additional Information)

Debt - (Additional Information) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 02, 2023	Jul. 03, 2022	Oct. 03, 2021	Mar. 31, 2023
Debt Instrument [Line Items]
Short-term debt	$ 30,962			$ 30,642
Short-term debt, weighted average interest rate	6.60%			7%
Standby Letters of Credit
Debt Instrument [Line Items]
Stand by letters of credit	$ 3,665			$ 3,565
Line of Credit
Debt Instrument [Line Items]
Available lines of credit	823,925			693,444
Outstanding amount	91,320			90,839
Second Amended Term Loan | Secured Debt
Debt Instrument [Line Items]
Current portion of long-term debt	10,521
Available lines of credit	498,782
5.00% Senior Notes due 2023 | Senior Notes
Debt Instrument [Line Items]
Current portion of long-term debt	15,000
Third And Fourth Amended Credit Facilities | Fourth Amended Credit Facility, due 2026
Debt Instrument [Line Items]
Capitalized debt issuance costs			$ 2,952
Second Amended Credit Facility | Secured Debt
Debt Instrument [Line Items]
Amortization expense relating to debt issuance costs and included in interest expense	410	$ 487
Deferred issuance costs, net of accumulated amortization	$ 6,014			$ 6,424
Second Amended Credit Facility | Fourth Amended Credit Facility, due 2026
Debt Instrument [Line Items]
Debt issuance costs written off			$ 128

Retirement Plans - (Net Periodi

Retirement Plans - (Net Periodic Benefit Cost) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 02, 2023	Jul. 03, 2022
United States Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 0	$ 0
Interest cost	166	145
Expected return on plan assets	(76)	(119)
Amortization and deferral	0	0
Net periodic benefit cost	90	26
International Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	220	235
Interest cost	585	440
Expected return on plan assets	(406)	(517)
Amortization and deferral	29	123
Net periodic benefit cost	$ 428	$ 281

Stock-Based Compensation - (Add

Stock-Based Compensation - (Additional Information) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 02, 2023	Jul. 03, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for future grants (in shares)	4,173,554
Equity-based compensation expense	$ 7,933	$ 5,330
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards outstanding (in shares)	1,020,365,000
Employee Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options exercised (in shares)	152,963,000
TSRs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards outstanding (in shares)	31,706,000
Non-employee Directors | RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock unit grants during period (in shares)	2,301,000
Management and Other Key Employees | RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option grants during period (in shares)	7,215,000
Vesting term	4 years
Management and Other Key Employees | Employee Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option grants outstanding (in shares)	1,042,705,000

Stockholders' Equity and Nonc_3

Stockholders' Equity and Noncontrolling Interests - (Change in the Number of Shares of Common Stock Outstanding) (Details) - shares	3 Months Ended
	Jul. 02, 2023	Jul. 03, 2022
Common Stock Outstanding Roll Forward
Shares outstanding, beginning balance (in shares)	40,901,059
Purchase of treasury stock (in shares)		(358,365,000)
Shares issued towards equity-based compensation plans, net of equity awards surrendered for option price and taxes (in shares)	128,975
Shares outstanding, ending balance (in shares)	41,030,034

Stockholders' Equity and Nonc_4

Stockholders' Equity and Noncontrolling Interests - (Treasury Stock) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Jul. 02, 2023	Jul. 03, 2022	Mar. 31, 2023
Equity [Abstract]
Purchase of treasury stock (in shares)		358,365,000
Treasury stock, value, acquired	$ 0	$ 22,907
Treasury stock, shares (in shares)	15,099,676		15,103,554
Treasury shares issued (in shares)	3,878
Treasury shares issued (in dollars per share)	$ 62.55

Stockholders' Equity and Nonc_5

Stockholders' Equity and Noncontrolling Interests - (Components of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 02, 2023	Sep. 29, 2022	Dec. 23, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Beginning balance	$ 1,603,881
Before Reclassifications	2,192
Ending balance	1,683,179
Foreign currency translation adjustment, gain	2,192
Cross currency fixed interest rate swaps | Designated as Hedging Instrument
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Derivative notional amount		$ 300,000	$ 300,000
Cross Currency Fixed Interest Rate Contract | Designated as Hedging Instrument
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Derivative notional amount	150	$ 150,000
Pension funded status adjustment
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Beginning balance	(4,423)
Before Reclassifications	0
Ending balance	(4,403)
Foreign currency translation adjustment, gain	0
Net unrealized gain (loss) on derivative instruments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Beginning balance	1,411
Before Reclassifications	4,771
Amounts Reclassified from AOCI	(2,985)
Ending balance	3,197
Foreign currency translation adjustment, gain	4,771
Foreign currency translation adjustment
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Beginning balance	(180,462)
Before Reclassifications	2,192
Amounts Reclassified from AOCI	0
Ending balance	(178,270)
Foreign currency translation adjustment, gain	2,192
Foreign currency translation adjustment | Cross currency fixed interest rate swaps | Net investment hedges | Designated as Hedging Instrument
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Before Reclassifications	2,224
Foreign currency translation adjustment, gain	2,224
Foreign currency translation adjustment, tax	678
Accumulated other comprehensive (loss) income
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Beginning balance	(183,474)
Before Reclassifications	6,963
Amounts Reclassified from AOCI	(2,965)
Ending balance	(179,476)
Foreign currency translation adjustment, gain	$ 6,963

Stockholders' Equity and Nonc_6

Stockholders' Equity and Noncontrolling Interests - (Reclassifications from AOCI) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 02, 2023	Jul. 03, 2022
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net unrealized gain on derivative instruments, Interest expense	$ (15,244)	$ (11,597)
Derivatives in cash flow hedging relationships
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Tax expense (benefit)	911	267
Net of tax	(2,985)	(874)
Derivatives in cash flow hedging relationships | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net unrealized gain (loss) on derivative instruments, Cost of goods sold	(3,896)	(1,141)
Derivatives in net investment hedging relationships
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Tax expense (benefit)	26	294
Net of tax	(86)	(964)
Derivatives in net investment hedging relationships | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net unrealized gain on derivative instruments, Interest expense	(112)	(1,258)
Defined benefit pension costs
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Prior service costs and deferrals	29	123
Tax expense (benefit)	$ (9)	(34)
Net of tax		$ 89

Stockholders' Equity and Nonc_7

Stockholders' Equity and Noncontrolling Interests - (Other Disclosures) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 02, 2023	Jul. 03, 2022	Jan. 02, 2022
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 1,603,881	$ 1,493,275
Stock-based compensation	7,933	5,330
Exercise of stock options	7,654	1
Shares issued under equity awards (taxes paid related to net share settlement of equity awards), net	0	(633)
Purchase of common stock	0	(22,907)
Other	279	199
Net earnings	66,797	30,978
Dividends	(7,173)	(7,108)
Dissolution of joint venture		0
Other comprehensive income:
Pension funded status adjustment, net of tax	20	89
Net unrealized gain (loss) on derivative instruments (net of tax)	1,786	(8,234)
Foreign currency translation adjustment	2,002	(52,220)
Ending balance	$ 1,683,179	$ 1,438,770
Dividends per common share (in dollars per share)	$ 0.175	$ 0.175
Pension funded status adjustment, tax benefit (expense)	$ 9		$ 34
Net unrealized gain (loss) on derivative instrument, income tax expense (benefit)	(544)		$ 2,514
Total EnerSys Stockholders’ Equity
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	1,600,279	$ 1,489,373
Stock-based compensation	7,933	5,330
Exercise of stock options	7,654	1
Shares issued under equity awards (taxes paid related to net share settlement of equity awards), net	0	(633)
Purchase of common stock	0	(22,907)
Other	279	199
Net earnings	66,797	30,978
Dividends	(7,173)	(7,108)
Other comprehensive income:
Pension funded status adjustment, net of tax	20	89
Net unrealized gain (loss) on derivative instruments (net of tax)	1,786	(8,234)
Foreign currency translation adjustment	2,192	(52,010)
Ending balance	1,679,767	1,435,078
Preferred Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	0	0
Other comprehensive income:
Ending balance	0	0
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	560	557
Exercise of stock options	5	1
Other comprehensive income:
Ending balance	565	558
Additional Paid-in Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	596,464	571,464
Stock-based compensation	7,933	5,330
Exercise of stock options	7,649	0
Shares issued under equity awards (taxes paid related to net share settlement of equity awards), net	0	(633)
Other	65	(41)
Dividends	184	174
Other comprehensive income:
Ending balance	612,295	576,294
Treasury Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(740,956)	(719,119)
Purchase of common stock	0	(22,907)
Other	214	240
Other comprehensive income:
Ending balance	(740,742)	(741,786)
Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	1,930,148	1,783,586
Net earnings	66,797	30,978
Dividends	(7,357)	(7,282)
Other comprehensive income:
Ending balance	1,989,588	1,807,282
Accumulated Other Comprehensive Income (Loss)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(183,474)	(143,495)
Other comprehensive income:
Pension funded status adjustment, net of tax	20	89
Net unrealized gain (loss) on derivative instruments (net of tax)	1,786	(8,234)
Foreign currency translation adjustment	2,192	(52,010)
Ending balance	(179,476)	(203,650)
Contra-Equity
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(2,463)	(3,620)
Other comprehensive income:
Ending balance	(2,463)	(3,620)
Non- redeemable Non- Controlling Interests
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	3,602	3,902
Dissolution of joint venture		0
Other comprehensive income:
Foreign currency translation adjustment	(190)	(210)
Ending balance	$ 3,412	$ 3,692

Earnings Per Share - (Reconcili

Earnings Per Share - (Reconciliation from Basic to Diluted Average Common Shares) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Jul. 02, 2023	Jul. 03, 2022
Earnings Per Share [Abstract]
Net earnings attributable to EnerSys stockholders	$ 66,797	$ 30,978
Basic weighted-average number of common shares outstanding (in shares)	40,937,334	40,786,336
Common shares from exercise and lapse of equity awards, net of shares assumed reacquired (in shares)	760,990	566,310
Diluted weighted-average number of common shares outstanding (in shares)	41,698,324	41,352,646
Basic earnings per common share attributable to EnerSys stockholders (in dollars per share)	$ 1.63	$ 0.76
Diluted earnings per common share attributable to EnerSys stockholders (in dollars per share)	$ 1.60	$ 0.75
Anti-dilutive equity awards not included in diluted weighted-average common shares (in shares)	432,487	1,002,352

Business Segments - (Details)

Business Segments - (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 02, 2023	Jul. 03, 2022
Segment Reporting Information [Line Items]
Net sales	$ 908,569	$ 898,971
Operating earnings by segment	89,445	50,129
Inventory adjustment relating to exit activities - Specialty	(3,098)	0
Restructuring and other exit charges	(6,309)	(8,328)
Amortization	(22,693)	(23,624)
Energy Systems | Americas
Segment Reporting Information [Line Items]
Net sales	424,548	408,579
Operating earnings by segment	29,649	15,014
Restructuring and other exit charges	(488)	(162)
Other	(749)	(10)
Amortization	(6,217)	(7,330)
Motive Power | EMEA
Segment Reporting Information [Line Items]
Net sales	350,781	367,851
Operating earnings by segment	50,368	42,406
Restructuring and other exit charges	(1,559)	(8,166)
Other	(468)	(9)
Amortization	(111)	(110)
Specialty | Asia
Segment Reporting Information [Line Items]
Net sales	133,240	122,541
Operating earnings by segment	9,817	9,231
Inventory adjustment relating to exit activities - Specialty	(3,098)	0
Restructuring and other exit charges	(4,262)	0
Other	(138)	0
Amortization	(702)	(735)
Corporate and other
Segment Reporting Information [Line Items]
Operating earnings by segment	$ 17,403	$ 0

Subsequent Events - (Additional

Subsequent Events - (Additional Information) (Details)	Aug. 09, 2023 $ / shares
Subsequent Event
Subsequent Event [Line Items]
Common stock dividends (in dollars per share)	$ 0.225