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Business Segments

6 Months Ended

Sep. 30, 2018

Segment Reporting [Abstract]

Business Segments

Business Segments

The Company has three reportable business segments based on geographic regions, defined as follows:

• Americas, which includes North and South America, with segment headquarters in Reading, Pennsylvania, USA;

• EMEA, which includes Europe, the Middle East and Africa, with segment headquarters in Zug, Switzerland; and

• Asia, which includes Asia, Australia and Oceania, with segment headquarters in Singapore.

Summarized financial information related to the Company's reportable segments for the second quarter and six months ended September 30, 2018 and October 1, 2017 is shown below:

		Quarter ended								Six months ended
		September 30, 2018				October 1, 2017				September 30, 2018				October 1, 2017
Net sales by segment to unaffiliated customers
Americas		$	388,574			$	341,504			$	781,148			$	696,107
EMEA		203,997				197,856				414,491				396,933
Asia		67,891				77,929				135,753				146,874
Total net sales		$	660,462			$	617,289			$	1,331,392			$	1,239,914
Net sales by product line
Reserve power		$	313,338			$	292,238			$	637,356			$	597,415
Motive power		347,124				325,051				694,036				642,499
Total net sales		$	660,462			$	617,289			$	1,331,392			$	1,239,914
Intersegment sales
Americas		$	7,888			$	8,979			$	13,746			$	16,216
EMEA		35,039				38,563				67,126				67,380
Asia		8,055				5,178				15,669				10,311
Total intersegment sales (1)		$	50,982			$	52,720			$	96,541			$	93,907
Operating earnings by segment
Americas		$	48,306			$	44,156			$	96,042			$	97,943
EMEA		13,829				17,802				31,032				31,576
Asia		2,343				4,182				3,848				7,426
Restructuring charges - Americas		—				(285		)		—				(285		)
Restructuring charges - EMEA		(1,007		)		(1,491		)		(2,199		)		(2,324		)
Inventory adjustment relating to exit activities - Asia		—				—				(526		)		—
Restructuring charges - Asia		(114		)		—				(661		)		—
Total operating earnings (2)		$	63,357			$	64,364			$	127,536			$	134,336

(1) Intersegment sales are presented on a cost-plus basis, which takes into consideration the effect of transfer prices between legal entities.

(2) The Company does not allocate interest expense or other (income) expense to the reportable segments.

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- References

No definition available.

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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

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