XML 36 R37.htm IDEA: XBRL DOCUMENT
v3.19.3

Business Segments Business Segments (Tables) | 6 Months Ended
--- | ---
Sep. 30, 2019
Segment Reporting [Abstract] |
Selected Financial Data for Reportable Business Segments and Product Lines | Summarized financial information related to the Company's reportable segments for the second quarter and six months ended September 29, 2019 and September 30, 2018, is shown below:
|  | Quarter ended |  | Six months ended
|  | September 29, 2019 |  | September 30, 2018 |  | September 29, 2019 |  | September 30, 2018
Net sales by segment to unaffiliated customers |  |  |  |  |  |  |  |
Americas |  | $ | 524,939 |  |  | $ | 388,574 |  |  | $ | 1,042,049 |  |  | $ | 781,148 |
EMEA |  | 182,803 |  |  | 203,997 |  |  | 386,001 |  |  | 414,491 |
Asia |  | 54,395 |  |  | 67,891 |  |  | 114,317 |  |  | 135,753 |
Total net sales |  | $ | 762,137 |  |  | $ | 660,462 |  |  | $ | 1,542,367 |  |  | $ | 1,331,392 |
Net sales by product line |  |  |  |  |  |  |  |
Reserve power |  | $ | 426,822 |  |  | $ | 313,338 |  |  | $ | 862,665 |  |  | $ | 637,356 |
Motive power |  | 335,315 |  |  | 347,124 |  |  | 679,702 |  |  | 694,036 |
Total net sales |  | $ | 762,137 |  |  | $ | 660,462 |  |  | $ | 1,542,367 |  |  | $ | 1,331,392 |
Intersegment sales |  |  |  |  |  |  |  |
Americas |  | $ | 8,864 |  |  | $ | 7,888 |  |  | $ | 17,428 |  |  | $ | 13,746 |
EMEA |  | 37,842 |  |  | 35,039 |  |  | 74,723 |  |  | 67,126 |
Asia |  | 5,084 |  |  | 8,055 |  |  | 12,042 |  |  | 15,669 |
Total intersegment sales (1) |  | $ | 51,790 |  |  | $ | 50,982 |  |  | $ | 104,193 |  |  | $ | 96,541 |
Operating earnings by segment |  |  |  |  |  |  |  |
Americas |  | $ | 52,137 |  |  | $ | 48,306 |  |  | $ | 106,493 |  |  | $ | 96,042 |
EMEA |  | 13,295 |  |  | 13,829 |  |  | 29,006 |  |  | 31,032 |
Asia |  | (440 | ) |  | 2,343 |  |  | 201 |  |  | 3,848 |
Restructuring charges - Americas |  | (541 | ) |  | — |  |  | (1,126 | ) |  | — |
Restructuring and other exit charges - EMEA |  | (32 | ) |  | (1,007 | ) |  | (1,326 | ) |  | (2,199 | )
Restructuring charges - Asia |  | (268 | ) |  | (114 | ) |  | (761 | ) |  | (661 | )
Inventory adjustment relating to exit activities - Asia |  | — |  |  | — |  |  | — |  |  | (526 | )
Fixed asset write-off relating to exit activities and other - Americas |  | (5,441 | ) |  | — |  |  | (5,441 | ) |  | — |
Total operating earnings (2) |  | $ | 58,710 |  |  | $ | 63,357 |  |  | $ | 127,046 |  |  | $ | 127,536 |
(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. fiscal 2020 are as follows:
|  | Americas |  | EMEA |  | Asia |  | Total
Balance at March 31, 2019 |  | $ | 470,194 |  |  | $ | 143,269 |  |  | $ | 42,936 |  |  | $ | 656,399 |
Foreign currency translation adjustment |  | (538 | ) |  | (4,732 | ) |  | (1,893 | ) |  | (7,163 | )
Balance as of September 29, 2019 |  | $ | 469,656 |  |  | $ | 138,537 |  |  | $ | 41,043 |  |  | $ | 649,236 |

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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