XML 44 R30.htm IDEA: XBRL DOCUMENT
v3.19.1

Business Segments | 12 Months Ended
--- | ---
Mar. 31, 2019
Segment Reporting [Abstract] |
Business Segments | Business Segments Summarized financial information related to the Company’s reportable segments at March 31, 2019, 2018 and 2017 and for each of the fiscal years then ended is shown below.
|  | Fiscal year ended March 31,
|  | 2019 |  | 2018 |  | 2017
Net sales by segment to unaffiliated customers |  |  |  |  |  |
Americas |  | $ | 1,690,912 |  |  | $ | 1,429,888 |  |  | $ | 1,332,353 |
EMEA |  | 860,563 |  |  | 849,420 |  |  | 763,013 |
Asia |  | 256,542 |  |  | 302,583 |  |  | 271,783 |
Total net sales |  | $ | 2,808,017 |  |  | $ | 2,581,891 |  |  | $ | 2,367,149 |
Net sales by product line |  |  |  |  |  |
Reserve power |  | $ | 1,416,173 |  |  | $ | 1,247,900 |  |  | $ | 1,142,327 |
Motive power |  | 1,391,844 |  |  | 1,333,991 |  |  | 1,224,822 |
Total net sales |  | $ | 2,808,017 |  |  | $ | 2,581,891 |  |  | $ | 2,367,149 |
Intersegment sales |  |  |  |  |  |
Americas |  | $ | 28,753 |  |  | $ | 29,513 |  |  | $ | 26,039 |
EMEA |  | 123,274 |  |  | 133,164 |  |  | 93,150 |
Asia |  | 34,531 |  |  | 23,375 |  |  | 22,584 |
Total intersegment sales(1) |  | $ | 186,558 |  |  | $ | 186,052 |  |  | $ | 141,773 |
Operating earnings by segment |  |  |  |  |  |
Americas |  | $ | 186,814 |  |  | $ | 189,466 |  |  | $ | 191,801 |
EMEA |  | 71,963 |  |  | 77,671 |  |  | 77,376 |
Asia |  | 3,213 |  |  | 12,647 |  |  | 14,994 |
Inventory step up to fair value relating to acquisition - Americas |  | (7,263 | ) |  | — |  |  | — |
Inventory adjustment relating to exit activities - Americas |  | — |  |  | (3,457 | ) |  | — |
Inventory adjustment relating to exit activities - EMEA |  | (2,590 | ) |  | — |  |  | (2,157 | )
Inventory adjustment relating to exit activities - Asia |  | (526 | ) |  | — |  |  | — |
Restructuring charges - Americas |  | (4,066 | ) |  | (1,246 | ) |  | (892 | )
Restructuring and other exit charges - EMEA |  | (26,989 | ) |  | (4,023 | ) |  | (5,487 | )
Restructuring charges - Asia |  | (3,654 | ) |  | (212 | ) |  | (781 | )
Impairment of goodwill and indefinite-lived intangibles - Americas |  | — |  |  | — |  |  | (9,346 | )
Impairment of goodwill and indefinite-lived intangibles - EMEA |  | — |  |  | — |  |  | (4,670 | )
Legal proceedings charge, net - EMEA |  | (4,437 | ) |  | — |  |  | (23,725 | )
Total operating earnings(2) |  | $ | 212,465 |  |  | $ | 270,846 |  |  | $ | 237,113 |
Property, plant and equipment, net |  |  |  |  |  |
Americas |  | $ | 257,559 |  |  | $ | 210,998 |  |  | $ | 190,169 |
EMEA |  | 94,932 |  |  | 118,263 |  |  | 100,042 |
Asia |  | 56,948 |  |  | 60,999 |  |  | 58,338 |
Total |  | $ | 409,439 |  |  | $ | 390,260 |  |  | $ | 348,549 |
Capital Expenditures |  |  |  |  |  |
Americas |  | $ | 45,029 |  |  | $ | 46,905 |  |  | $ | 34,809 |
EMEA |  | 18,972 |  |  | 18,392 |  |  | 13,733 |
Asia |  | 6,371 |  |  | 4,535 |  |  | 1,530 |
Total |  | $ | 70,372 |  |  | $ | 69,832 |  |  | $ | 50,072 |
Depreciation and Amortization |  |  |  |  |  |
Americas |  | $ | 40,675 |  |  | $ | 30,421 |  |  | $ | 30,204 |
EMEA |  | 15,128 |  |  | 16,198 |  |  | 15,693 |
Asia |  | 7,545 |  |  | 7,698 |  |  | 8,048 |
Total |  | $ | 63,348 |  |  | $ | 54,317 |  |  | $ | 53,945 |
(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, net, to the reportable segments.
The Company markets its products and services in over 100 countries. Sales are attributed to countries based on the location of sales order approval and acceptance. Sales to customers in the United States were 48.5%, 49.2% and 50.0% for fiscal years ended March 31, 2019, 2018 and 2017, respectively. Property, plant and equipment, net, attributable to the United States as of March 31, 2019 and 2018, were $202,985 and $176,144, respectively. No single country, outside the United States, accounted for more than 10% of the consolidated net sales or net property, plant and equipment and, therefore, was deemed not material for separate disclosure.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration