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