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v3.19.3

Segment Information | 6 Months Ended
--- | ---
Sep. 30, 2019
Segment Information [Abstract] |
Segment Information | Note 19: Segment Information The following is a summary of net sales, gross profit, operating income, and total assets by segment:
|  | Three months ended September 30, |
|  | 2019 |  |  | 2018 |
|  | External Sales |  |  | Inter-segment Sales |  |  | Total |  |  | External Sales |  |  | Inter-segment Sales |  |  | Total |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
VTS |  | $ | 288.8 |  |  | $ | 10.5 |  |  | $ | 299.3 |  |  | $ | 321.5 |  |  | $ | 14.1 |  |  | $ | 335.6 |
CIS |  |  | 155.7 |  |  |  | 1.0 |  |  |  | 156.7 |  |  |  | 177.4 |  |  |  | 0.8 |  |  |  | 178.2 |
BHVAC |  |  | 55.7 |  |  |  | 0.3 |  |  |  | 56.0 |  |  |  | 50.0 |  |  |  | 0.7 |  |  |  | 50.7 |
Segment total |  |  | 500.2 |  |  |  | 11.8 |  |  |  | 512.0 |  |  |  | 548.9 |  |  |  | 15.6 |  |  |  | 564.5 |
Corporate and eliminations |  |  | - |  |  |  | (11.8 | ) |  |  | (11.8 | ) |  |  | - |  |  |  | (15.6 | ) |  |  | (15.6 | )
Net sales |  | $ | 500.2 |  |  | $ | - |  |  | $ | 500.2 |  |  | $ | 548.9 |  |  | $ | - |  |  | $ | 548.9 |
|  | Six months ended September 30, |
|  | 2019 |  |  | 2018 |
|  | External Sales |  |  | Inter-segment Sales |  |  | Total |  |  | External Sales |  |  | Inter-segment Sales |  |  | Total |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
VTS |  | $ | 601.4 |  |  | $ | 24.4 |  |  | $ | 625.8 |  |  | $ | 659.8 |  |  | $ | 28.6 |  |  | $ | 688.4 |
CIS |  |  | 323.6 |  |  |  | 1.9 |  |  |  | 325.5 |  |  |  | 360.9 |  |  |  | 1.2 |  |  |  | 362.1 |
BHVAC |  |  | 104.2 |  |  |  | 0.8 |  |  |  | 105.0 |  |  |  | 94.3 |  |  |  | 1.4 |  |  |  | 95.7 |
Segment total |  |  | 1,029.2 |  |  |  | 27.1 |  |  |  | 1,056.3 |  |  |  | 1,115.0 |  |  |  | 31.2 |  |  |  | 1,146.2 |
Corporate and eliminations |  |  | - |  |  |  | (27.1 | ) |  |  | (27.1 | ) |  |  | - |  |  |  | (31.2 | ) |  |  | (31.2 | )
Net sales |  | $ | 1,029.2 |  |  | $ | - |  |  | $ | 1,029.2 |  |  | $ | 1,115.0 |  |  | $ | - |  |  | $ | 1,115.0 |
|  | Three months ended September 30, |  |  | Six months ended September 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
|  | $'s |  |  | % of sales |  |  | $'s |  |  | % of sales |  |  | $'s |  |  | % of sales |  |  | $'s |  |  | % of sales |
Gross profit: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
VTS |  | $ | 35.3 |  |  |  | 11.8 | % |  | $ | 44.6 |  |  |  | 13.3 | % |  | $ | 80.3 |  |  |  | 12.8 | % |  | $ | 98.6 |  |  |  | 14.3 | %
CIS |  |  | 22.9 |  |  |  | 14.6 | % |  |  | 28.3 |  |  |  | 15.9 | % |  |  | 47.2 |  |  |  | 14.5 | % |  |  | 56.9 |  |  |  | 15.7 | %
BHVAC |  |  | 17.7 |  |  |  | 31.7 | % |  |  | 15.0 |  |  |  | 29.5 | % |  |  | 31.4 |  |  |  | 29.9 | % |  |  | 26.6 |  |  |  | 27.8 | %
Segment total |  |  | 75.9 |  |  |  | 14.8 | % |  |  | 87.9 |  |  |  | 15.6 | % |  |  | 158.9 |  |  |  | 15.0 | % |  |  | 182.1 |  |  |  | 15.9 | %
Corporate and eliminations |  |  | (0.2 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 0.2 |  |  |  | - |  |  |  | 0.1 |  |  |  | - |
Gross profit |  | $ | 75.7 |  |  |  | 15.1 | % |  | $ | 87.9 |  |  |  | 16.0 | % |  | $ | 159.1 |  |  |  | 15.5 | % |  | $ | 182.2 |  |  |  | 16.3 | %
|  | Three months ended September 30, |  |  | Six months ended September 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Operating income: |  |  |  |  |  |  |  |  |  |  |  |
VTS |  | $ | 7.4 |  |  | $ | 14.1 |  |  | $ | 24.7 |  |  | $ | 39.6 |
CIS |  |  | 8.5 |  |  |  | 12.9 |  |  |  | 17.5 |  |  |  | 26.1 |
BHVAC |  |  | 8.8 |  |  |  | 4.8 |  |  |  | 14.1 |  |  |  | 8.0 |
Segment total |  |  | 24.7 |  |  |  | 31.8 |  |  |  | 56.3 |  |  |  | 73.7 |
Corporate and eliminations |  |  | (18.7 | ) |  |  | (9.0 | ) |  |  | (32.2 | ) |  |  | (16.1 | )
Operating income |  | $ | 6.0 |  |  | $ | 22.8 |  |  | $ | 24.1 |  |  | $ | 57.6 |
|  | September 30, 2019 |  |  | March 31, 2019 |
Total assets: (a) |  |  |  |  |  |
VTS |  | $ | 755.3 |  |  | $ | 749.9 |
CIS |  |  | 612.8 |  |  |  | 604.2 |
BHVAC |  |  | 103.4 |  |  |  | 89.4 |
Corporate and eliminations |  |  | 93.0 |  |  |  | 94.5 |
Total assets |  | $ | 1,564.5 |  |  | $ | 1,538.0 |
(a) | The Company adopted new lease accounting guidance and, as a result, recorded $61.3 million of operating lease assets on its consolidated balance sheet on April 1, 2019. See Note 1 for additional information.

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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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