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Revenue Recognition (Tables)

3 Months Ended

Jun. 30, 2022

Revenue Recognition [Abstract]

Disaggregation of Revenue

The table below presents revenue for each of the Company’s operating segments.  Each segment’s revenue is disaggregated by product group, by geographic location and based upon the timing of revenue recognition.  The disaggregated revenue information presented in the table below for fiscal 2022 has been recast to be comparable to the current period presentation.

		Three months ended June 30, 2022												Three months ended June 30, 2021
		Climate Solutions				Performance Technologies				Segment Total				Climate Solutions				Performance  Technologies				Segment Total
Product groups:
Heat transfer		$	140.5			$	-			$	140.5			$	117.7			$	-			$	117.7
HVAC & refrigeration			78.2				-				78.2				70.6				-				70.6
Data center cooling			25.5				-				25.5				18.2				-				18.2
Air-cooled			-				153.0				153.0				-				141.5				141.5
Liquid-cooled			-				110.9				110.9				-				118.7				118.7
Advanced solutions			-				32.9				32.9				-				27.9				27.9
Inter-segment sales			0.2				7.5				7.7				-				9.0				9.0
Net sales		$	244.4			$	304.3			$	548.7			$	206.5			$	297.1			$	503.6
Geographic location:
Americas		$	139.4			$	164.3			$	303.7			$	104.0			$	138.3			$	242.3
Europe			99.0				96.1				195.1				96.0				104.4				200.4
Asia			6.0				43.9				49.9				6.5				54.4				60.9
Net sales		$	244.4			$	304.3			$	548.7			$	206.5			$	297.1			$	503.6
Timing of revenue recognition:
Products transferred at a point in time		$	230.8			$	281.8			$	512.6			$	203.4			$	277.6			$	481.0
Products transferred over time			13.6				22.5				36.1				3.1				19.5				22.6
Net sales		$	244.4			$	304.3			$	548.7			$	206.5			$	297.1			$	503.6

Contract Assets and Contract Liabilities from Contracts with Customers

Contract assets and contract liabilities from contracts with customers were as follows:

		June 30, 2022				March 31, 2022
Contract assets		$	18.2			$	26.8
Contract liabilities			17.9				11.8

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- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

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- References

No definition available.

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