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Employee Benefit Plans
9 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Employee Benefit Plans Employee Benefit Plans
 
Employee Share Purchase Plans and Stock Incentive Plans
 
As of December 31, 2021, the Company offers the 2006 Employee Share Purchase Plan (Non-U.S.), as amended and restated, the 1996 Employee Share Purchase Plan (U.S.), as amended and restated, the 2006 Stock Incentive Plan, as amended and restated, and the 2012 Stock Inducement Equity Plan. Shares issued to employees as a result of purchases or exercises under these plans are generally issued from shares held in treasury stock.

The following table summarizes the share-based compensation expense and total income tax benefit recognized for share-based awards for the three and nine months ended December 31, 2021 and 2020 (in thousands):
Three Months Ended
December 31,
Nine Months Ended
December 31,
 2021202020212020
Cost of goods sold$1,782 $1,747 $5,253 $4,919 
Marketing and selling10,699 8,390 28,987 27,559 
Research and development4,510 3,482 14,295 10,348 
General and administrative7,801 6,195 23,930 21,888 
Total share-based compensation expense24,792 19,814 72,465 64,714 
Income tax benefit(3,581)(3,471)(23,460)(15,540)
Total share-based compensation expense, net of income tax benefit$21,211 $16,343 $49,005 $49,174 

The income tax benefit in the respective periods primarily consisted of tax benefits related to the share-based compensation expense for the period and direct tax benefit realized, including net excess tax benefits recognized from share-based awards vested or exercised during the period.

As of December 31, 2021 and 2020, the balance of capitalized share-based compensation included in inventory was $1.1 million and $1.0 million, respectively.
 
Defined Benefit Plans
 
Certain of the Company’s subsidiaries sponsor defined benefit pension plans or non-retirement post-employment benefits covering substantially all of their employees. Benefits are provided based on employees’ years of service and earnings, or in accordance with applicable employee benefit regulations. The Company’s practice is to fund amounts sufficient to meet the requirements set forth in the applicable employee benefit and tax regulations. The costs recorded of $3.4 million and $2.9 million for the three months ended December 31, 2021 and 2020, respectively, and $10.0 million and $8.3 million for the nine months ended December 31, 2021 and 2020, respectively, were primarily related to service costs.