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Segment Information | 6 Months Ended
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Sep. 30, 2014
Segment Information [Abstract] |
Segment Information | Note 17: Segment Information During the first quarter of fiscal 2015, the Company changed the name of its Commercial Products segment to Building HVAC in order to better reflect the nature of the segment’s product lines. There were no changes to the operations or reported financial results of the segment as a result. The following is a summary of net sales, gross profit, operating income, and total assets by segment:
|  | Three months ended September 30, |  |  | Six months ended September 30, |
Net sales: |  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
North America |  | $ | 143.8 |  |  | $ | 146.0 |  |  | $ | 295.5 |  |  | $ | 294.7 |
Europe |  |  | 146.4 |  |  |  | 138.9 |  |  |  | 305.0 |  |  |  | 285.1 |
South America |  |  | 27.2 |  |  |  | 31.8 |  |  |  | 52.4 |  |  |  | 66.2 |
Asia |  |  | 19.0 |  |  |  | 16.2 |  |  |  | 39.8 |  |  |  | 34.5 |
Building HVAC |  |  | 45.5 |  |  |  | 34.8 |  |  |  | 86.2 |  |  |  | 67.2 |
Segment net sales |  |  | 381.9 |  |  |  | 367.7 |  |  |  | 778.9 |  |  |  | 747.7 |
Corporate and eliminations |  |  | (4.6 | ) |  |  | (3.5 | ) |  |  | (9.1 | ) |  |  | (7.7 | )
Net sales |  | $ | 377.3 |  |  | $ | 364.2 |  |  | $ | 769.8 |  |  | $ | 740.0 |
|  | Three months ended September 30, |  |  | Six months ended September 30, |
|  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Gross profit: |  | $'s |  |  | % of sales |  |  | $'s |  |  | % of sales |  |  | $'s |  |  | % of sales |  |  | $'s |  |  | % of sales |
North America |  | $ | 20.9 |  |  |  | 14.5 | % |  | $ | 25.0 |  |  |  | 17.1 | % |  | $ | 49.0 |  |  |  | 16.6 | % |  | $ | 50.5 |  |  |  | 17.1 | %
Europe |  |  | 16.7 |  |  |  | 11.4 | % |  |  | 14.7 |  |  |  | 10.6 | % |  |  | 38.9 |  |  |  | 12.8 | % |  |  | 34.0 |  |  |  | 11.9 | %
South America |  |  | 3.6 |  |  |  | 13.4 | % |  |  | 5.8 |  |  |  | 18.2 | % |  |  | 7.1 |  |  |  | 13.6 | % |  |  | 11.9 |  |  |  | 18.0 | %
Asia |  |  | 2.1 |  |  |  | 11.1 | % |  |  | 1.8 |  |  |  | 10.7 | % |  |  | 5.7 |  |  |  | 14.3 | % |  |  | 4.1 |  |  |  | 11.8 | %
Building HVAC |  |  | 13.2 |  |  |  | 29.2 | % |  |  | 9.8 |  |  |  | 28.1 | % |  |  | 23.1 |  |  |  | 26.9 | % |  |  | 18.3 |  |  |  | 27.2 | %
Segment gross profit |  |  | 56.5 |  |  |  | 14.8 | % |  |  | 57.1 |  |  |  | 15.5 | % |  |  | 123.8 |  |  |  | 15.9 | % |  |  | 118.8 |  |  |  | 15.9 | %
Corporate and eliminations |  |  | 0.2 |  |  |  | - |  |  |  | 0.1 |  |  |  | - |  |  |  | 0.6 |  |  |  | - |  |  |  | 0.3 |  |  |  | - |
Gross profit |  | $ | 56.7 |  |  |  | 15.0 | % |  | $ | 57.2 |  |  |  | 15.7 | % |  | $ | 124.4 |  |  |  | 16.2 | % |  | $ | 119.1 |  |  |  | 16.1 | %
|  | Three months ended September 30, |  |  | Six months ended September 30, |
Operating income: |  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
North America |  | $ | 7.9 |  |  | $ | 11.7 |  |  | $ | 24.0 |  |  | $ | 26.0 |
Europe |  |  | 4.6 |  |  |  | 3.3 |  |  |  | 15.0 |  |  |  | 11.3 |
South America |  |  | 0.3 |  |  |  | 2.5 |  |  |  | 0.1 |  |  |  | 5.1 |
Asia |  |  | (0.7 | ) |  |  | (1.1 | ) |  |  | 0.2 |  |  |  | (1.4 | )
Building HVAC |  |  | 3.2 |  |  |  | 1.2 |  |  |  | 6.4 |  |  |  | 2.2 |
Segment operating income |  |  | 15.3 |  |  |  | 17.6 |  |  |  | 45.7 |  |  |  | 43.2 |
Corporate and eliminations |  |  | (7.4 | ) |  |  | (7.0 | ) |  |  | (13.7 | ) |  |  | (13.6 | )
Operating income |  | $ | 7.9 |  |  | $ | 10.6 |  |  | $ | 32.0 |  |  | $ | 29.6 |
|  | September 30, 2014 |  |  | March 31, 2014 |
Total assets: |  |  |  |  |  |
North America |  | $ | 225.4 |  |  | $ | 218.1 |
Europe |  |  | 336.9 |  |  |  | 367.9 |
South America |  |  | 73.2 |  |  |  | 80.1 |
Asia |  |  | 92.7 |  |  |  | 92.8 |
Building HVAC |  |  | 150.5 |  |  |  | 132.7 |
Corporate and eliminations |  |  | 133.5 |  |  |  | 140.7 |
Total assets |  | $ | 1,012.2 |  |  | $ | 1,032.3 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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