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Segment Information | 9 Months Ended
--- | ---
Dec. 31, 2021
Segment Information [Abstract] |
Segment Information | Note 20: Segment Information Effective July 1, 2021, the Company aligned the data center businesses previously managed by and reported within the CIS segment under the BHVAC segment. The BHVAC segment assumed management of the Company’s business in Guadalajara, Spain and a portion of its business in Grenada, Mississippi. Through this segment realignment, the Company has aligned all of its data center businesses under the BHVAC leadership team in order to accelerate commercial excellence, operational improvements, and organizational efficiencies. As a result, the Company revised its reporting segments and is reporting the financial results of the transferred businesses within the BHVAC segment, consistent with how the Company’s chief operating decision maker is assessing operating performance and allocating capital resources. The segment realignment had no impact on the HDE and Automotive segments or on the Company’s consolidated financial position, results of operations, and cash flows. Segment financial information for the prior periods has been recast to conform to the current presentation. The following is a summary of net sales, gross profit, operating income, and total assets by segment:
|  | Three months ended December 31, |
|  | 2021 |  |  | 2020 |
|  | External Sales |  |  | Inter-segment Sales |  |  | Total |  |  | External Sales |  |  | Inter-segment Sales |  |  | Total |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
BHVAC |  | $ | 90.3 |  |  | $ | 0.3 |  |  | $ | 90.6 |  |  | $ | 73.5 |  |  | $ | 0.2 |  |  | $ | 73.7 |
CIS |  |  | 146.9 |  |  |  | 1.7 |  |  |  | 148.6 |  |  |  | 123.5 |  |  |  | 1.4 |  |  |  | 124.9 |
HDE |  |  | 193.3 |  |  |  | 7.5 |  |  |  | 200.8 |  |  |  | 173.7 |  |  |  | 11.9 |  |  |  | 185.6 |
Automotive |  |  | 71.7 |  |  |  | 0.7 |  |  |  | 72.4 |  |  |  | 113.6 |  |  |  | 0.3 |  |  |  | 113.9 |
Segment total |  |  | 502.2 |  |  |  | 10.2 |  |  |  | 512.4 |  |  |  | 484.3 |  |  |  | 13.8 |  |  |  | 498.1 |
Corporate and eliminations |  |  | - |  |  |  | (10.2 | ) |  |  | (10.2 | ) |  |  | - |  |  |  | (13.8 | ) |  |  | (13.8 | )
Net sales |  | $ | 502.2 |  |  | $ | - |  |  | $ | 502.2 |  |  | $ | 484.3 |  |  | $ | - |  |  | $ | 484.3 |
|  | Nine months ended December 31, |
|  | 2021 |  |  | 2020 |
|  | External Sales |  |  | Inter-segment Sales |  |  | Total |  |  | External Sales |  |  | Inter-segment Sales |  |  | Total |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
BHVAC |  | $ | 233.1 |  |  | $ | 1.6 |  |  | $ | 234.7 |  |  | $ | 195.6 |  |  | $ | 0.7 |  |  | $ | 196.3 |
CIS |  |  | 450.3 |  |  |  | 5.9 |  |  |  | 456.2 |  |  |  | 365.2 |  |  |  | 4.4 |  |  |  | 369.6 |
HDE |  |  | 571.0 |  |  |  | 27.4 |  |  |  | 598.4 |  |  |  | 449.6 |  |  |  | 25.1 |  |  |  | 474.7 |
Automotive |  |  | 221.3 |  |  |  | 2.7 |  |  |  | 224.0 |  |  |  | 283.1 |  |  |  | 2.8 |  |  |  | 285.9 |
Segment total |  |  | 1,475.7 |  |  |  | 37.6 |  |  |  | 1,513.3 |  |  |  | 1,293.5 |  |  |  | 33.0 |  |  |  | 1,326.5 |
Corporate and eliminations |  |  | - |  |  |  | (37.6 | ) |  |  | (37.6 | ) |  |  | - |  |  |  | (33.0 | ) |  |  | (33.0 | )
Net sales |  | $ | 1,475.7 |  |  | $ | - |  |  | $ | 1,475.7 |  |  | $ | 1,293.5 |  |  | $ | - |  |  | $ | 1,293.5 |
|  | Three months ended December 31, |  |  | Nine months ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
|  |  | $’s |  |  | % of sales |  |  |  | $’s |  |  | % of sales |  |  |  | $’s |  |  | % of sales |  |  |  | $’s |  |  | % of sales |
Gross profit: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
BHVAC |  | $ | 27.4 |  |  |  | 30.3 | % |  | $ | 25.4 |  |  |  | 34.5 | % |  | $ | 65.2 |  |  |  | 27.8 | % |  | $ | 64.5 |  |  |  | 32.9 | %
CIS |  |  | 17.7 |  |  |  | 11.9 | % |  |  | 12.9 |  |  |  | 10.3 | % |  |  | 56.8 |  |  |  | 12.5 | % |  |  | 44.8 |  |  |  | 12.1 | %
HDE |  |  | 22.2 |  |  |  | 11.1 | % |  |  | 26.0 |  |  |  | 14.0 | % |  |  | 63.1 |  |  |  | 10.5 | % |  |  | 60.9 |  |  |  | 12.8 | %
Automotive |  |  | 7.5 |  |  |  | 10.4 | % |  |  | 18.4 |  |  |  | 16.1 | % |  |  | 27.9 |  |  |  | 12.4 | % |  |  | 39.8 |  |  |  | 13.9 | %
Segment total |  |  | 74.8 |  |  |  | 14.6 | % |  |  | 82.7 |  |  |  | 16.6 | % |  |  | 213.0 |  |  |  | 14.1 | % |  |  | 210.0 |  |  |  | 15.8 | %
Corporate and eliminations |  |  | (0.2 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1.1 |  |  |  | - |  |  |  | (0.4 | ) |  |  | - |
Gross profit |  | $ | 74.6 |  |  |  | 14.9 | % |  | $ | 82.7 |  |  |  | 17.1 | % |  | $ | 214.1 |  |  |  | 14.5 | % |  | $ | 209.6 |  |  |  | 16.2 | %
|  | Three months ended December 31, |  |  | Nine months ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Operating income: |  |  |  |  |  |  |  |  |  |  |  |
BHVAC |  | $ | 14.4 |  |  | $ | 14.9 |  |  | $ | 30.1 |  |  | $ | 35.6 |
CIS |  |  | 3.4 |  |  |  | (0.7 | ) |  |  | 16.7 |  |  |  | 4.4 |
HDE |  |  | 10.3 |  |  |  | 12.8 |  |  |  | 25.0 |  |  |  | 23.6 |
Automotive |  |  | 55.0 |  |  |  | (124.9 | ) |  |  | 53.6 |  |  |  | (120.7 | )
Segment total |  |  | 83.1 |  |  |  | (97.9 | ) |  |  | 125.4 |  |  |  | (57.1 | )
Corporate and eliminations |  |  | (3.7 | ) |  |  | (10.8 | ) |  |  | (26.8 | ) |  |  | (26.3 | )
Operating income (loss) |  | $ | 79.4 |  |  | $ | (108.7 | ) |  | $ | 98.6 |  |  | $ | (83.4 | )
|  | December 31, 2021 |  |  | March 31, 2021 |
Total assets: |  |  |  |  |  |
BHVAC |  | $ | 213.6 |  |  | $ | 181.1 |
CIS |  |  | 520.7 |  |  |  | 540.1 |
HDE |  |  | 473.7 |  |  |  | 438.7 |
Automotive |  |  | 181.6 |  |  |  | 124.2 |
Corporate and eliminations (a) |  |  | (8.2 | ) |  |  | (7.4 | )
Total assets |  | $ | 1,381.4 |  |  | $ | 1,276.7 |
| (a) | At December 31, 2021 and March 31, 2021, Corporate assets totaled $21.4 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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