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Segment Information | 3 Months Ended
--- | ---
Jun. 30, 2018
Segment Information [Abstract] |
Segment Information |
Note 18: | Segment Information
Effective April 1, 2018, the Company formed the VTS segment by combining its Americas, Europe, and Asia operations to enable it to operate as a more global, product-based organization. As part of this segment combination and its CIS integration activities, the Company also merged its Americas coils business into the CIS segment and expects to achieve operational improvements and organizational efficiencies as a result. The Company began reporting financial results for its new segments beginning in fiscal 2019. Segment financial information for fiscal 2018 has been recast to conform to the fiscal 2019 presentation. The following is a summary of net sales, gross profit, operating income, and total assets by segment:
|  | Three months ended June 30, |
|  | 2018 |  |  | 2017 |
|  | External Sales |  |  | Inter-segment Sales |  |  | Total |  |  | External Sales |  |  | Inter-segment Sales |  |  | Total |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Vehicular Thermal Solutions |  | $ | 338.3 |  |  | $ | 14.5 |  |  | $ | 352.8 |  |  | $ | 301.4 |  |  | $ | 13.9 |  |  | $ | 315.3 |
Commercial and Industrial Solutions |  |  | 183.5 |  |  |  | 0.4 |  |  |  | 183.9 |  |  |  | 171.1 |  |  |  | 0.3 |  |  |  | 171.4 |
Building HVAC Systems |  |  | 44.3 |  |  |  | 0.7 |  |  |  | 45.0 |  |  |  | 43.0 |  |  |  | - |  |  |  | 43.0 |
Segment total |  |  | 566.1 |  |  |  | 15.6 |  |  |  | 581.7 |  |  |  | 515.5 |  |  |  | 14.2 |  |  |  | 529.7 |
Corporate and eliminations |  |  | - |  |  |  | (15.6 | ) |  |  | (15.6 | ) |  |  | - |  |  |  | (14.2 | ) |  |  | (14.2 | )
Net sales |  | $ | 566.1 |  |  | $ | - |  |  | $ | 566.1 |  |  | $ | 515.5 |  |  | $ | - |  |  | $ | 515.5 |
|  | Three months ended June 30, |
|  | 2018 |  |  | 2017 |
|  | $'s |  |  | % of sales |  |  | $'s |  |  | % of sales |
Gross profit: |  |  |  |  |  |  |  |  |  |  |  |
Vehicular Thermal Solutions |  | $ | 54.0 |  |  |  | 15.3 | % |  | $ | 50.8 |  |  |  | 16.1 | %
Commercial and Industrial Solutions |  |  | 28.6 |  |  |  | 15.6 | % |  |  | 26.7 |  |  |  | 15.6 | %
Building HVAC Systems |  |  | 11.6 |  |  |  | 25.9 | % |  |  | 11.1 |  |  |  | 25.9 | %
Segment total |  |  | 94.2 |  |  |  | 16.2 | % |  |  | 88.6 |  |  |  | 16.7 | %
Corporate and eliminations |  |  | 0.1 |  |  |  | - |  |  |  | (0.1 | ) |  |  | - |
Gross profit |  | $ | 94.3 |  |  |  | 16.7 | % |  | $ | 88.5 |  |  |  | 17.2 | %
|  | Three months ended June 30, |
|  | 2018 |  |  | 2017 |
Operating income: |  |  |  |  |  |
Vehicular Thermal Solutions |  | $ | 25.5 |  |  | $ | 22.2 |
Commercial and Industrial Solutions |  |  | 13.2 |  |  |  | 11.4 |
Building HVAC Systems |  |  | 3.2 |  |  |  | 3.1 |
Segment total |  |  | 41.9 |  |  |  | 36.7 |
Corporate and eliminations |  |  | (7.1 | ) |  |  | (9.1 | )
Operating income |  | $ | 34.8 |  |  | $ | 27.6 |
|  | June 30, 2018 |  |  | March 31, 2018 |
Total assets: |  |  |  |  |  |
Vehicular Thermal Solutions |  | $ | 746.3 |  |  | $ | 754.8 |
Commercial and Industrial Solutions |  |  | 634.1 |  |  |  | 630.2 |
Building HVAC Systems |  |  | 92.2 |  |  |  | 88.1 |
Corporate and eliminations |  |  | 90.1 |  |  |  | 100.3 |
Total assets |  | $ | 1,562.7 |  |  | $ | 1,573.4 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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