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Segment Information
 6 Months Ended
Sep. 30, 2015
Segment Information [Abstract]  
Segment Information
Note 17: Segment Information

Effective April 1, 2015, the Company combined its North America and South America segments into the Americas segment to streamline operations, gain synergies and improve its cost structure.  As a result, the Company recast the prior period segment financial information to conform to the current period presentation.  There was no impact to the Company’s consolidated financial statements 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:
 
2015
  
2014
  
2015
  
2014
 
Americas
 
$
144.2
  
$
170.8
  
$
303.3
  
$
347.6
 
Europe
  
127.7
   
146.4
   
258.9
   
305.0
 
Asia
  
18.1
   
19.0
   
37.4
   
39.8
 
Building HVAC
  
48.8
   
45.5
   
90.1
   
86.2
 
Segment total
  
338.8
   
381.7
   
689.7
   
778.6
 
Corporate and eliminations
  
(4.8
)
  
(4.4
)
  
(9.6
)
  
(8.8
)
Net sales
 
$
334.0
  
$
377.3
  
$
680.1
  
$
769.8
 

  
Three months ended
 September 30,
  
Six months ended
 September 30,
 
  
2015
  
2014
  
2015
  
2014
 
Gross profit:
 
$'s
  
% of
sales
  
$'s
  
% of
sales
  
$'s
  
% of
sales
  
$'s
  
% of
sales
 
Americas
 
$
23.4
   
16.3
%
 
$
24.5
   
14.4
%
 
$
50.1
   
16.5
%
 
$
56.1
   
16.1
%
Europe
  
14.7
   
11.5
%
  
16.7
   
11.4
%
  
29.8
   
11.5
%
  
38.9
   
12.8
%
Asia
  
2.1
   
11.8
%
  
2.1
   
11.1
%
  
5.6
   
15.1
%
  
5.7
   
14.3
%
Building HVAC
  
14.6
   
29.9
%
  
13.2
   
29.2
%
  
26.0
   
28.9
%
  
23.1
   
26.9
%
Segment total
  
54.8
   
16.2
%
  
56.5
   
14.8
%
  
111.5
   
16.2
%
  
123.8
   
15.9
%
Corporate and eliminations (a)
  
(9.1
)
  
-
   
0.2
   
-
   
(8.8
)
  
-
   
0.6
   
-
 
Gross profit
 
$
45.7
   
13.7
%
 
$
56.7
   
15.0
%
 
$
102.7
   
15.1
%
 
$
124.4
   
16.2
%

  
Three months ended
September 30,
  
Six months ended
 September 30,
 
Operating income:
 
2015
  
2014
  
2015
  
2014
 
Americas
 
$
7.8
  
$
8.2
  
$
17.1
  
$
24.1
 
Europe
  
5.0
   
4.6
   
10.7
   
15.0
 
Asia
  
(1.2
)
  
(0.7
)
  
(0.8
)
  
0.2
 
Building HVAC
  
3.9
   
3.2
   
6.0
   
6.4
 
Segment total
  
15.5
   
15.3
   
33.0
   
45.7
 
Corporate and eliminations (a)
  
(47.6
)
  
(7.4
)
  
(53.5
)
  
(13.7
)
Operating (loss) income
 
$
(32.1
)
 
$
7.9
  
$
(20.5
)
 
$
32.0
 

  
September 30, 2015
  
March 31, 2015
 
Total assets:
    
Americas
 
$
256.8
  
$
277.9
 
Europe
  
304.5
   
283.1
 
Asia
  
86.1
   
92.4
 
Building HVAC
  
150.8
   
131.4
 
Corporate and eliminations
  
144.1
   
146.8
 
Total assets
 
$
942.3
  
$
931.6
 

(a)During the second quarter of fiscal 2016, the Company recorded a pension settlement loss of $39.2 million at Corporate, within SG&A expenses ($30.9 million) and cost of sales ($8.3 million).  See Note 4 for additional information.