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Segment Information
 9 Months Ended
Dec. 31, 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
December 31,
  
Nine months ended
December 31,
 
Net sales:
 
2015
  
2014
  
2015
  
2014
 
Americas
 
$
137.1
  
$
153.2
  
$
440.4
  
$
500.8
 
Europe
  
126.1
   
137.2
   
385.0
   
442.2
 
Asia
  
18.7
   
20.2
   
56.1
   
60.0
 
Building HVAC
  
50.9
   
56.3
   
141.0
   
142.5
 
Segment total
  
332.8
   
366.9
   
1,022.5
   
1,145.5
 
Corporate and eliminations
  
(4.1
)
  
(3.3
)
  
(13.7
)
  
(12.1
)
Net sales
 
$
328.7
  
$
363.6
  
$
1,008.8
  
$
1,133.4
 
 
  
Three months ended
December 31,
  
Nine months ended
December 31,
 
  
2015
  
2014
  
2015
  
2014
 
Gross profit:
 
$'s
  
% of
sales
  
$'s
  
% of
sales
  
$'s
  
% of
sales
  
$'s
  
% of
sales
 
Americas
 
$
22.7
   
16.5
%
 
$
22.4
   
14.6
%
 
$
72.8
   
16.5
%
 
$
78.5
   
15.7
%
Europe
  
17.2
   
13.7
%
  
14.1
   
10.3
%
  
47.0
   
12.2
%
  
53.0
   
12.0
%
Asia
  
2.6
   
13.9
%
  
2.7
   
13.6
%
  
8.2
   
14.7
%
  
8.4
   
14.1
%
Building HVAC
  
17.3
   
34.0
%
  
19.6
   
34.7
%
  
43.3
   
30.8
%
  
42.7
   
30.0
%
Segment total
  
59.8
   
18.0
%
  
58.8
   
16.0
%
  
171.3
   
16.8
%
  
182.6
   
15.9
%
Corporate and eliminations (a)
  
(1.2
)
  
-
   
0.6
   
-
   
(10.0
)
  
-
   
1.2
   
-
 
Gross profit
 
$
58.6
   
17.8
%
 
$
59.4
   
16.4
%
 
$
161.3
   
16.0
%
 
$
183.8
   
16.2
%

  
Three months ended
December 31,
  
Nine months ended
December 31,
 
Operating income:
 
2015
  
2014
  
2015
  
2014
 
Americas
 
$
7.7
  
$
5.6
  
$
24.8
  
$
29.7
 
Europe
  
7.6
   
5.9
   
18.3
   
20.9
 
Asia
  
(0.1
)
  
(0.3
)
  
(0.9
)
  
(0.1
)
Building HVAC
  
6.7
   
9.8
   
12.7
   
16.2
 
Segment total
  
21.9
   
21.0
   
54.9
   
66.7
 
Corporate and eliminations (a)
  
(8.2
)
  
(5.5
)
  
(61.7
)
  
(19.2
)
Operating income (loss)
 
$
13.7
  
$
15.5
  
$
(6.8
)
 
$
47.5
 

(a)During the nine months ended December 31, 2015, the Company recorded pension settlement losses of $40.3 million at Corporate, within SG&A expenses ($31.8 million) and cost of sales ($8.5 million).  See Note 4 for additional information.
 
  
December 31, 2015
  
March 31, 2015
 
Total assets:
    
Americas
 
$
248.7
  
$
277.9
 
Europe
  
291.1
   
283.1
 
Asia
  
88.5
   
92.4
 
Building HVAC
  
148.4
   
131.4
 
Corporate and eliminations
  
145.1
   
146.8
 
Total assets
 
$
921.8
  
$
931.6