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v3.21.2

Segment Information | 3 Months Ended
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Jun. 30, 2021
Segment Information [Abstract] |
Segment Information | Note 20: Segment Information Effective July 1, 2021, the BHVAC segment assumed leadership of the Company’s business operation in Guadalajara, Spain, which was previously managed by and reported within the CIS segment. This organizational change is integral to the Company’s strategic initiative to align its data center businesses under the BHVAC leadership team in order to accelerate organizational efficiencies and operational improvements. The Company is focused on expanding its presence in the North American and European data center markets. Beginning for the second quarter of fiscal 2022, the Company will report the financial results of its business in Spain as part of the BHVAC segment. The following is a summary of net sales, gross profit, operating income, and total assets by segment:
|  | Three months ended June 30, |
|  | 2021 |  |  | 2020 |
|  | External Sales |  |  | Inter-segment Sales |  |  | Total |  |  | External Sales |  |  | Inter-segment Sales |  |  | Total |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
BHVAC |  | $ | 59.4 |  |  | $ | 0.5 |  |  | $ | 59.9 |  |  | $ | 47.4 |  |  | $ | 0.2 |  |  | $ | 47.6 |
CIS |  |  | 158.2 |  |  |  | 1.0 |  |  |  | 159.2 |  |  |  | 121.3 |  |  |  | 1.2 |  |  |  | 122.5 |
HDE |  |  | 191.9 |  |  |  | 9.9 |  |  |  | 201.8 |  |  |  | 118.3 |  |  |  | 5.2 |  |  |  | 123.5 |
Automotive |  |  | 85.1 |  |  |  | 1.1 |  |  |  | 86.2 |  |  |  | 60.8 |  |  |  | 1.3 |  |  |  | 62.1 |
Segment total |  |  | 494.6 |  |  |  | 12.5 |  |  |  | 507.1 |  |  |  | 347.8 |  |  |  | 7.9 |  |  |  | 355.7 |
Corporate and eliminations |  |  | - |  |  |  | (12.5 | ) |  |  | (12.5 | ) |  |  | - |  |  |  | (7.9 | ) |  |  | (7.9 | )
Net sales |  | $ | 494.6 |  |  | $ | - |  |  | $ | 494.6 |  |  | $ | 347.8 |  |  | $ | - |  |  | $ | 347.8 |
|  | Three months ended June 30, |
|  | 2021 |  |  | 2020 |
|  | _$’s |  |  | % of sales |  |  | _$’s |  |  | % of sales |
Gross profit: |  |  |  |  |  |  |  |  |  |  |  |
BHVAC |  | $ | 16.2 |  |  |  | 27.1 | % |  | $ | 14.5 |  |  |  | 30.5 | %
CIS |  |  | 20.8 |  |  |  | 13.0 | % |  |  | 15.5 |  |  |  | 12.6 | %
HDE |  |  | 22.6 |  |  |  | 11.2 | % |  |  | 11.3 |  |  |  | 9.2 | %
Automotive |  |  | 13.2 |  |  |  | 15.3 | % |  |  | 4.8 |  |  |  | 7.7 | %
Segment total |  |  | 72.8 |  |  |  | 14.3 | % |  |  | 46.1 |  |  |  | 13.0 | %
Corporate and eliminations |  |  | 0.4 |  |  |  | - |  |  |  | - |  |  |  | - |
Gross profit |  | $ | 73.2 |  |  |  | 14.8 | % |  | $ | 46.1 |  |  |  | 13.3 | %
|  | Three months ended June 30, |
|  | 2021 |  |  | 2020 |
Operating income: |  |  |  |  |  |
BHVAC |  | $ | 6.8 |  |  | $ | 7.1 |
CIS |  |  | 6.4 |  |  |  | - |
HDE |  |  | 8.9 |  |  |  | (2.5 | )
Automotive |  |  | 4.2 |  |  |  | (3.8 | )
Segment total |  |  | 26.3 |  |  |  | 0.8 |
Corporate and eliminations |  |  | (17.6 | ) |  |  | (4.0 | )
Operating income (loss) |  | $ | 8.7 |  |  | $ | (3.2 | )
|  | June 30, 2021 |  |  | March 31, 2021 |
Total assets: |  |  |  |  |  |
BHVAC |  | $ | 127.6 |  |  | $ | 110.8 |
CIS |  |  | 633.5 |  |  |  | 609.2 |
HDE |  |  | 443.9 |  |  |  | 438.7 |
Automotive |  |  | 125.7 |  |  |  | 124.2 |
Corporate and eliminations (a) |  |  | (3.8 | ) |  |  | (6.2 | )
Total assets |  | $ | 1,326.9 |  |  | $ | 1,276.7 |
(a) | At June 30, 2021 and March 31, 2021, Corporate assets totaled $19.2 million and $17.5 million, respectively and were more than offset by eliminations for intercompany balances, including accounts receivable.

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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