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Segment and Geographic Information (Tables) | 12 Months Ended
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Mar. 31, 2016
Segment and Geographic Information [Abstract] |
Net sales, gross profit, operating income and total assets by segment | The following is a summary of net sales, gross profit, and operating income by segment:
|  | Years ended March 31,
Net sales: |  | 2016 |  | 2015 |  | 2014
Americas |  | $ | 585.5 |  |  | $ | 666.9 |  |  | $ | 688.3 |
Europe |  |  | 524.1 |  |  |  | 578.2 |  |  |  | 584.4 |
Asia |  |  | 79.0 |  |  |  | 81.2 |  |  |  | 71.5 |
Building HVAC |  |  | 181.4 |  |  |  | 186.3 |  |  |  | 146.5 |
Segment total |  |  | 1,370.0 |  |  |  | 1,512.6 |  |  |  | 1,490.7 |
Corporate and eliminations |  |  | (17.5 | ) |  |  | (16.2 | ) |  |  | (13.1 | )
Net sales |  | $ | 1,352.5 |  |  | $ | 1,496.4 |  |  | $ | 1,477.6 |
|  | Years ended March 31,
|  | 2016 |  | 2015 |  | 2014
Gross profit: |  | $'s |  |  | % of sales |  | $'s |  |  | % of sales |  | $'s |  |  | % of sales
Americas |  | $ | 100.1 |  |  |  | 17.1 | % |  | $ | 109.1 |  |  |  | 16.3 | % |  | $ | 114.3 |  |  |  | 16.6 | %
Europe |  |  | 68.1 |  |  |  | 13.0 | % |  |  | 68.7 |  |  |  | 11.9 | % |  |  | 70.8 |  |  |  | 12.1 | %
Asia |  |  | 12.2 |  |  |  | 15.5 | % |  |  | 11.5 |  |  |  | 14.2 | % |  |  | 8.9 |  |  |  | 12.5 | %
Building HVAC |  |  | 54.2 |  |  |  | 29.9 | % |  |  | 55.9 |  |  |  | 30.0 | % |  |  | 43.4 |  |  |  | 29.6 | %
Segment total |  |  | 234.6 |  |  |  | 17.1 | % |  |  | 245.2 |  |  |  | 16.2 | % |  |  | 237.4 |  |  |  | 15.9 | %
Corporate and eliminations (a) |  |  | (11.1 | ) |  |  | - |  |  |  | 1.3 |  |  |  | - |  |  |  | 0.8 |  |  |  | - |
Gross profit |  | $ | 223.5 |  |  |  | 16.5 | % |  | $ | 246.5 |  |  |  | 16.5 | % |  | $ | 238.2 |  |  |  | 16.1 | %
|  | Years ended March 31,
Operating income: |  | 2016 |  | 2015 |  | 2014
Americas |  | $ | 36.2 |  |  | $ | 33.4 |  |  | $ | 49.6 |
Europe |  |  | 13.3 |  |  |  | 25.7 |  |  |  | 9.6 |
Asia |  |  | 0.8 |  |  |  | 0.3 |  |  |  | (3.3 | )
Building HVAC |  |  | 13.9 |  |  |  | 19.1 |  |  |  | 9.4 |
Segment total |  |  | 64.2 |  |  |  | 78.5 |  |  |  | 65.3 |
Corporate and eliminations (a) |  |  | (71.7 | ) |  |  | (25.8 | ) |  |  | (28.1 | )
Operating (loss) income |  | $ | (7.5 | ) |  | $ | 52.7 |  |  | $ | 37.2 |
| (a) | During fiscal 2016, the Company recorded pension settlement losses of $42.1 million at Corporate, within SG&A expenses ($33.3 million) and cost of sales ($8.8 million). See Note 17 for additional information.
The following is a summary of total assets by segment:
|  | March 31, |
|  | 2016 |  |  | 2015 |
Americas |  | $ | 267.2 |  |  | $ | 277.7 |
Europe |  |  | 301.9 |  |  |  | 282.7 |
Asia |  |  | 104.0 |  |  |  | 92.2 |
Building HVAC (a) |  |  | 99.0 |  |  |  | 131.3 |
Corporate and eliminations |  |  | 148.8 |  |  |  | 147.0 |
Total assets |  | $ | 920.9 |  |  | $ | 930.9 |
| (a) | As of March 31, 2015, total assets within the Building HVAC segment included $48.0 million of insurance-related assets for the rebuild of the facility damaged by the Airedale fire. See Note 2 for additional information.
Summary of capital expenditures and depreciation and amortization expense by segment | The following is a summary of capital expenditures and depreciation and amortization expense by segment:
|  | Years ended March 31, |
Capital expenditures: |  | 2016 |  |  | 2015 |  |  | 2014 |
Americas |  | $ | 26.7 |  |  | $ | 30.2 |  |  | $ | 24.6 |
Europe |  |  | 24.8 |  |  |  | 21.5 |  |  |  | 22.9 |
Asia |  |  | 6.2 |  |  |  | 3.8 |  |  |  | 4.6 |
Building HVAC |  |  | 5.1 |  |  |  | 2.8 |  |  |  | 1.0 |
Total capital expenditures |  | $ | 62.8 |  |  | $ | 58.3 |  |  | $ | 53.1 |
|  | Years ended March 31, |
Depreciation and amortization expense: |  | 2016 |  |  | 2015 |  |  | 2014 |
Americas |  | $ | 22.1 |  |  | $ | 21.3 |  |  | $ | 22.6 |
Europe |  |  | 18.0 |  |  |  | 19.8 |  |  |  | 26.6 |
Asia |  |  | 6.5 |  |  |  | 7.2 |  |  |  | 6.7 |
Building HVAC |  |  | 3.6 |  |  |  | 3.3 |  |  |  | 2.2 |
Total depreciation and amortization expense |  | $ | 50.2 |  |  | $ | 51.6 |  |  | $ | 58.1 |
Summary of net sales and long-lived assets by geographical area | The following is a summary of net sales by geographical area, based upon the location of the selling unit:
|  | Years ended March 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
United States |  | $ | 627.6 |  |  | $ | 669.3 |  |  | $ | 645.7 |
Germany |  |  | 155.3 |  |  |  | 193.8 |  |  |  | 229.5 |
Hungary |  |  | 145.9 |  |  |  | 161.0 |  |  |  | 150.3 |
Austria |  |  | 113.1 |  |  |  | 118.7 |  |  |  | 109.8 |
Other |  |  | 310.6 |  |  |  | 353.6 |  |  |  | 342.3 |
Net sales |  | $ | 1,352.5 |  |  | $ | 1,496.4 |  |  | $ | 1,477.6 |
Summary of property, plant and equipment by geographical area | The following is a summary of property, plant and equipment by geographical area:
|  | March 31, |
|  | 2016 |  |  | 2015 |
United States |  | $ | 92.5 |  |  | $ | 92.7 |
Austria |  |  | 44.2 |  |  |  | 41.5 |
China |  |  | 33.6 |  |  |  | 31.8 |
Germany |  |  | 32.1 |  |  |  | 47.2 |
Hungary |  |  | 31.4 |  |  |  | 28.9 |
Other |  |  | 104.8 |  |  |  | 80.0 |
Total property, plant and equipment |  | $ | 338.6 |  |  | $ | 322.1 |
Summary of net sales by end market | The following is a summary of net sales by end market:
|  | Years ended March 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
Commercial vehicle |  | $ | 459.8 |  |  | $ | 512.5 |  |  | $ | 477.0 |
Automotive |  |  | 396.8 |  |  |  | 401.8 |  |  |  | 395.6 |
Off-highway |  |  | 206.2 |  |  |  | 274.6 |  |  |  | 320.8 |
Building HVAC |  |  | 181.4 |  |  |  | 186.3 |  |  |  | 146.5 |
Other |  |  | 108.3 |  |  |  | 121.2 |  |  |  | 137.7 |
Net sales |  | $ | 1,352.5 |  |  | $ | 1,496.4 |  |  | $ | 1,477.6 |

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