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Revenue Recognition (Tables) | 6 Months Ended
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Sep. 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 with the fiscal 2023 presentation.
|  | Three months ended September 30, 2022 |  |  | Three months ended September 30, 2021 |
|  | Climate Solutions |  |  | Performance Technologies |  |  | Segment Total |  |  | Climate Solutions |  |  | Performance Technologies |  |  | Segment Total |
Product groups: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Heat transfer |  | $ | 134.9 |  |  | $ | - |  |  | $ | 134.9 |  |  | $ | 119.2 |  |  | $ | - |  |  | $ | 119.2 |
HVAC & refrigeration |  |  | 89.6 |  |  |  | - |  |  |  | 89.6 |  |  |  | 80.5 |  |  |  | - |  |  |  | 80.5 |
Data center cooling |  |  | 31.3 |  |  |  | - |  |  |  | 31.3 |  |  |  | 17.3 |  |  |  | - |  |  |  | 17.3 |
Air-cooled |  |  | - |  |  |  | 169.3 |  |  |  | 169.3 |  |  |  | - |  |  |  | 136.2 |  |  |  | 136.2 |
Liquid-cooled |  |  | - |  |  |  | 119.0 |  |  |  | 119.0 |  |  |  | - |  |  |  | 97.1 |  |  |  | 97.1 |
Advanced solutions |  |  | - |  |  |  | 34.7 |  |  |  | 34.7 |  |  |  | - |  |  |  | 28.6 |  |  |  | 28.6 |
Inter-segment sales |  |  | 0.1 |  |  |  | 7.0 |  |  |  | 7.1 |  |  |  | 0.2 |  |  |  | 8.9 |  |  |  | 9.1 |
Net sales |  | $ | 255.9 |  |  | $ | 330.0 |  |  | $ | 585.9 |  |  | $ | 217.2 |  |  | $ | 270.8 |  |  | $ | 488.0 |
Geographic location: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 156.3 |  |  | $ | 182.8 |  |  | $ | 339.1 |  |  | $ | 117.9 |  |  | $ | 144.5 |  |  | $ | 262.4 |
Europe |  |  | 90.9 |  |  |  | 91.3 |  |  |  | 182.2 |  |  |  | 89.8 |  |  |  | 80.3 |  |  |  | 170.1 |
Asia |  |  | 8.7 |  |  |  | 55.9 |  |  |  | 64.6 |  |  |  | 9.5 |  |  |  | 46.0 |  |  |  | 55.5 |
Net sales |  | $ | 255.9 |  |  | $ | 330.0 |  |  | $ | 585.9 |  |  | $ | 217.2 |  |  | $ | 270.8 |  |  | $ | 488.0 |
Timing of revenue recognition: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Products transferred at a point in time |  | $ | 243.0 |  |  | $ | 309.8 |  |  | $ | 552.8 |  |  | $ | 213.9 |  |  | $ | 250.5 |  |  | $ | 464.4 |
Products transferred over time |  |  | 12.9 |  |  |  | 20.2 |  |  |  | 33.1 |  |  |  | 3.3 |  |  |  | 20.3 |  |  |  | 23.6 |
Net sales |  | $ | 255.9 |  |  | $ | 330.0 |  |  | $ | 585.9 |  |  | $ | 217.2 |  |  | $ | 270.8 |  |  | $ | 488.0 |
|  | Six months ended September 30, 2022 |  |  | Six months ended September 30, 2021 |
|  | Climate Solutions |  |  | Performance Technologies |  |  | Segment Total |  |  | Climate Solutions |  |  | Performance Technologies |  |  | Segment Total |
Product groups: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Heat transfer |  | $ | 275.4 |  |  | $ | - |  |  | $ | 275.4 |  |  | $ | 236.9 |  |  | $ | - |  |  | $ | 236.9 |
HVAC & refrigeration |  |  | 167.8 |  |  |  | - |  |  |  | 167.8 |  |  |  | 151.1 |  |  |  | - |  |  |  | 151.1 |
Data center cooling |  |  | 56.8 |  |  |  | - |  |  |  | 56.8 |  |  |  | 35.5 |  |  |  | - |  |  |  | 35.5 |
Air-cooled |  |  | - |  |  |  | 322.3 |  |  |  | 322.3 |  |  |  | - |  |  |  | 277.7 |  |  |  | 277.7 |
Liquid-cooled |  |  | - |  |  |  | 229.9 |  |  |  | 229.9 |  |  |  | - |  |  |  | 215.8 |  |  |  | 215.8 |
Advanced solutions |  |  | - |  |  |  | 67.6 |  |  |  | 67.6 |  |  |  | - |  |  |  | 56.5 |  |  |  | 56.5 |
Inter-segment sales |  |  | 0.3 |  |  |  | 14.5 |  |  |  | 14.8 |  |  |  | 0.2 |  |  |  | 17.9 |  |  |  | 18.1 |
Net sales |  | $ | 500.3 |  |  | $ | 634.3 |  |  | $ | 1,134.6 |  |  | $ | 423.7 |  |  | $ | 567.9 |  |  | $ | 991.6 |
Geographic location: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 295.7 |  |  | $ | 347.1 |  |  | $ | 642.8 |  |  | $ | 221.9 |  |  | $ | 282.8 |  |  | $ | 504.7 |
Europe |  |  | 189.9 |  |  |  | 187.4 |  |  |  | 377.3 |  |  |  | 185.8 |  |  |  | 184.7 |  |  |  | 370.5 |
Asia |  |  | 14.7 |  |  |  | 99.8 |  |  |  | 114.5 |  |  |  | 16.0 |  |  |  | 100.4 |  |  |  | 116.4 |
Net sales |  | $ | 500.3 |  |  | $ | 634.3 |  |  | $ | 1,134.6 |  |  | $ | 423.7 |  |  | $ | 567.9 |  |  | $ | 991.6 |
Timing of revenue recognition: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Products transferred at a point in time |  | $ | 473.8 |  |  | $ | 591.6 |  |  | $ | 1,065.4 |  |  | $ | 417.3 |  |  | $ | 528.1 |  |  | $ | 945.4 |
Products transferred over time |  |  | 26.5 |  |  |  | 42.7 |  |  |  | 69.2 |  |  |  | 6.4 |  |  |  | 39.8 |  |  |  | 46.2 |
Net sales |  | $ | 500.3 |  |  | $ | 634.3 |  |  | $ | 1,134.6 |  |  | $ | 423.7 |  |  | $ | 567.9 |  |  | $ | 991.6 |
Contract Assets and Contract Liabilities from Contracts with Customers | Contract assets and contract liabilities from contracts with customers were as follows:
|  | September 30, 2022 |  |  | March 31, 2022 |
Contract assets |  | $ | 25.1 |  |  | $ | 26.8 |
Contract liabilities |  |  | 14.6 |  |  |  | 11.8 |

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