Airedale Facility Fire	12 Months Ended
Mar. 31, 2014
Airedale Facility Fire [Abstract]
Airedale Facility Fire	Note 2: Airedale Facility Fire On September 6, 2013, a fire caused significant destruction to the Company’s Airedale manufacturing facility and offices in Rawdon (Leeds), United Kingdom. We report Airedale’s financial results within the Commercial Products segment. There were no injuries caused by the fire. The Rawdon facility, which was leased, was used to manufacture cooling products and solutions for a variety of applications, including data centers, clean rooms, retail, leisure and process cooling. The fire caused the Company to temporarily suspend manufacturing and certain administrative operations at the Rawdon site; however, the Company has transferred its operations to temporary facilities and is planning to rebuild the leased facility. Demolition of the remaining structure at the Rawdon site is in process and construction of the new facility is expected to begin during the second quarter of fiscal 2015. The Company maintains insurance coverage for damage to the leased facility, equipment, inventory, other assets, business interruption and lost profits, and recovery-related expenses caused by the fire. The Company believes that reimbursement from its insurance provider is probable for substantially all losses and costs directly attributable to the fire. During fiscal 2014, the Company recorded expenses of $1.0 million, primarily related to the write-off of certain assets (leasehold improvements) that were not covered by insurance. Since the date of the fire, the Company has received cash advances of $37.6 million from its insurance provider for covered losses, written-off inventory of $4.7 million and equipment with a net book value of $1.4 million, and incurred costs directly attributable to the fire totaling $11.9 million. We recorded these losses and costs, which totaled $18.0 million, in the same statement of operations line as the related insurance recovery. The cash advances of $37.6 million have been classified within the consolidated statement of cash flows according to the nature of the underlying losses and costs being reimbursed. The terms of the Rawdon lease agreement obligate the Company to rebuild the damaged facility. Through March 31, 2014, the Company paid reconstruction costs of $1.0 million, which we recorded within property, plant and equipment, primarily related to architectural plans and fees. The Company estimates the total cost of reconstruction to be approximately $45.0 million. Costs incurred related to the reconstruction are recorded on the Company’s consolidated balance sheet as an asset, and a liability for the same amount is also recorded. As of March 31, 2014, the liability to rebuild the facility was $45.0 million ($37.0 million within other current liabilities and $8.0 million within other noncurrent liabilities) and the receivable from the Company’s insurance provider was $25.4 million ($18.4 million within other current assets and $7.0 million within other noncurrent assets). The $25.4 million receivable is comprised of $45.0 million of estimated rebuild costs and $18.0 million of losses and costs incurred, partially offset by $37.6 million of insurance advances. The Company expects to record insurance reimbursements related to lost profits (business interruption) during the recovery period in the quarter during which the reimbursements are realized. No reimbursements related to lost profits were recorded during fiscal 2014. The Company expects to realize insurance reimbursements for lost profits related to fiscal 2014 in the first or second quarter of fiscal 2015.

Note 2: Airedale Facility Fire

On September 6, 2013, a fire caused significant destruction to the Company’s Airedale manufacturing facility and offices in Rawdon (Leeds), United Kingdom. We report Airedale’s financial results within the Commercial Products segment. There were no injuries caused by the fire. The Rawdon facility, which was leased, was used to manufacture cooling products and solutions for a variety of applications, including data centers, clean rooms, retail, leisure and process cooling. The fire caused the Company to temporarily suspend manufacturing and certain administrative operations at the Rawdon site; however, the Company has transferred its operations to temporary facilities and is planning to rebuild the leased facility. Demolition of the remaining structure at the Rawdon site is in process and construction of the new facility is expected to begin during the second quarter of fiscal 2015.

The Company maintains insurance coverage for damage to the leased facility, equipment, inventory, other assets, business interruption and lost profits, and recovery-related expenses caused by the fire. The Company believes that reimbursement from its insurance provider is probable for substantially all losses and costs directly attributable to the fire. During fiscal 2014, the Company recorded expenses of $1.0 million, primarily related to the write-off of certain assets (leasehold improvements) that were not covered by insurance. Since the date of the fire, the Company has received cash advances of $37.6 million from its insurance provider for covered losses, written-off inventory of $4.7 million and equipment with a net book value of $1.4 million, and incurred costs directly attributable to the fire totaling $11.9 million. We recorded these losses and costs, which totaled $18.0 million, in the same statement of operations line as the related insurance recovery. The cash advances of $37.6 million have been classified within the consolidated statement of cash flows according to the nature of the underlying losses and costs being reimbursed.

The terms of the Rawdon lease agreement obligate the Company to rebuild the damaged facility. Through March 31, 2014, the Company paid reconstruction costs of $1.0 million, which we recorded within property, plant and equipment, primarily related to architectural plans and fees. The Company estimates the total cost of reconstruction to be approximately $45.0 million. Costs incurred related to the reconstruction are recorded on the Company’s consolidated balance sheet as an asset, and a liability for the same amount is also recorded. As of March 31, 2014, the liability to rebuild the facility was $45.0 million ($37.0 million within other current liabilities and $8.0 million within other noncurrent liabilities) and the receivable from the Company’s insurance provider was $25.4 million ($18.4 million within other current assets and $7.0 million within other noncurrent assets). The $25.4 million receivable is comprised of $45.0 million of estimated rebuild costs and $18.0 million of losses and costs incurred, partially offset by $37.6 million of insurance advances.

The Company expects to record insurance reimbursements related to lost profits (business interruption) during the recovery period in the quarter during which the reimbursements are realized. No reimbursements related to lost profits were recorded during fiscal 2014. The Company expects to realize insurance reimbursements for lost profits related to fiscal 2014 in the first or second quarter of fiscal 2015.