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Segment Information
 3 Months Ended
Jun. 30, 2013
Segment Information [Abstract]  
Segment Information
Note 17: Segment Information

The following is a summary of net sales, gross profit, operating income and total assets by segment:

 
 
Three months ended June 30,
 
 
 
2013
  
2012
 
Net sales:
 
  
 
North America
 
$
148.7
  
$
153.6
 
Europe
  
146.2
   
125.4
 
South America
  
34.4
   
31.2
 
Asia
  
18.3
   
15.8
 
Commercial Products
  
32.4
   
30.1
 
Segment total
  
380.0
   
356.1
 
Corporate and eliminations
  
(4.2
)
  
(5.7
)
Net sales
 
$
375.8
  
$
350.4
 

 
 
 
Three months ended June 30,
 
 
 
2013
  
2012
 
Gross profit:
 
  
% of sales
  
  
% of sales
 
North America
 
$
25.5
   
17.2
%
 
$
23.6
   
15.4
%
Europe
  
19.3
   
13.2
%
  
14.7
   
11.7
%
South America
  
6.1
   
17.8
%
  
4.7
   
15.2
%
Asia
  
2.3
   
12.8
%
  
0.4
   
2.6
%
Commercial Products
  
8.5
   
26.2
%
  
7.9
   
26.2
%
Segment total
  
61.7
   
16.2
%
  
51.3
   
14.4
%
Corporate and eliminations
  
0.2
   
-
   
0.4
   
-
 
Gross profit
 
$
61.9
   
16.5
%
 
$
51.7
   
14.7
%
 
 
 
 
Three months ended June 30,
 
 
 
2013
  
2012
 
Operating income:
 
  
 
North America
 
$
14.3
  
$
13.8
 
Europe
  
8.0
   
(2.5
)
South America
  
2.6
   
0.7
 
Asia
  
(0.3
)
  
(2.3
)
Commercial Products
  
1.0
   
1.0
 
Segment total
  
25.6
   
10.7
 
Corporate and eliminations
  
(6.6
)
  
(6.8
)
Operating income
 
$
19.0
  
$
3.9
 

 
 
June 30, 2013
  
March 31, 2013
 
Total assets:
 
  
 
North America
 
$
215.1
  
$
218.3
 
Europe
  
340.1
   
332.2
 
South America
  
81.9
   
91.8
 
Asia
  
91.7
   
91.3
 
Commercial Products
  
80.9
   
73.7
 
Corporate and eliminations
  
13.4
   
11.5
 
Total assets
 
$
823.1
  
$
818.8
 

Segment operating income for fiscal 2013 has been recast to conform to the fiscal 2014 presentation.  The Company has modified its internal financial reporting of intercompany charges for research and development and intercompany royalties between Corporate and the Europe segment, which totaled $2.3 million in the first quarter of fiscal 2013.  There was no impact on the total Company financial results.