XML 46 R35.htm IDEA: XBRL DOCUMENT v3.5.0.2
Segment Information (Tables)
 6 Months Ended
Sep. 30, 2016
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
September 30,
  
Six months ended
September 30,
 
Net sales:
 
2016
  
2015
  
2016
  
2015
 
  Americas
 
$
126.0
  
$
144.2
  
$
266.0
  
$
303.3
 
  Europe
  
123.9
   
127.7
   
269.9
   
258.9
 
  Asia
  
24.7
   
18.1
   
49.6
   
37.4
 
  Building HVAC
  
45.7
   
48.8
   
85.6
   
90.1
 
        Segment total
  
320.3
   
338.8
   
671.1
   
689.7
 
  Corporate and eliminations
  
(2.6
)
  
(4.8
)
  
(6.2
)
  
(9.6
)
        Net sales
 
$
317.7
  
$
334.0
  
$
664.9
  
$
680.1
 
 
  
Three months ended
September 30,
  
Six months ended
September 30,
 
  
2016
 
2015
  
2016
  
2015
 
Gross profit:
 
$'s
  
% of sales
  
$'s
  
% of sales
  
$'s
  
% of sales
  
$'s
  
% of sales
 
  Americas
 
$
15.8
   
12.6
%
 
$
23.4
   
16.3
%
 
$
40.9
   
15.4
%
 
$
50.1
   
16.5
%
  Europe
  
16.2
   
13.1
%
  
14.7
   
11.5
%
  
41.3
   
15.3
%
  
29.8
   
11.5
%
  Asia
  
3.7
   
14.9
%
  
2.1
   
11.8
%
  
8.1
   
16.2
%
  
5.6
   
15.1
%
  Building HVAC
  
11.8
   
25.8
%
  
14.6
   
29.9
%
  
21.8
   
25.5
%
  
26.0
   
28.9
%
        Segment total
  
47.5
   
14.8
%
  
54.8
   
16.2
%
  
112.1
   
16.7
%
  
111.5
   
16.2
%
  Corporate and eliminations (a)
  
0.2
   
-
   
(9.1
)
  
-
   
(2.4
)
  
-
   
(8.8
)
  
-
 
        Gross profit
 
$
47.7
   
15.0
%
 
$
45.7
   
13.7
%
 
$
109.7
   
16.5
%
 
$
102.7
   
15.1
%
 
 
Three months ended
September 30,
  
Six months ended
 September 30, 
 
Operating income:
 
2016
  
2015
  
2016
  
2015
 
  Americas
 
$
(1.4
)
 
$
7.8
  
$
7.9
  
$
17.1
 
  Europe
  
6.7
   
5.0
   
21.7
   
10.7
 
  Asia
  
0.8
   
(1.2
)
  
2.3
   
(0.8
)
  Building HVAC
  
2.7
   
3.9
   
3.6
   
6.0
 
        Segment total
  
8.8
   
15.5
   
35.5
   
33.0
 
  Corporate and eliminations (a)
  
(10.7
)
  
(47.6
)
  
(22.3
)
  
(53.5
)
        Operating (loss) income
 
$
(1.9
)
 
$
(32.1
)
 
$
13.2
  
$
(20.5
)
 
  
September 30, 2016
  
March 31, 2016
 
Total assets:
      
  Americas
 
$
269.9
  
$
267.2
 
  Europe
  
308.2
   
301.9
 
  Asia
  
104.4
   
104.0
 
  Building HVAC
  
97.2
   
99.0
 
  Corporate and eliminations
  
132.3
   
148.8
 
       Total assets
 
$
912.0
  
$
920.9
 
 
(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 3 for additional information.