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Segment Information (Tables)
 9 Months Ended
Dec. 31, 2015
Segment Information [Abstract]  
Net sales, gross profit, operating income and total assets by segment:
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