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Business Segments (Tables)

12 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Summary Of Financial Information Related To The Company's Business Segments

Summarized financial information related to the Company’s reportable segments at March 31, 2021, 2020 and 2019 and for each of the fiscal years then ended is shown below.

						Fiscal year ended March 31,
						2021						2020						2019
Net sales by segment to unaffiliated customers
Energy Systems						$	1,380,278					$	1,357,475					$	1,086,279
Motive Power						1,163,710						1,348,193						1,391,844
Specialty						433,944						382,200						329,894
Total net sales						$	2,977,932					$	3,087,868					$	2,808,017
Operating earnings by segment
Energy Systems						$	67,060					$	67,809					$	45,164
Motive Power						143,541						146,814						172,749
Specialty						46,148						42,454						44,077
Inventory step up to fair value relating to acquisitions - Energy Systems						—						(304)						(7,789)
Inventory step up to fair value relating to acquisitions - Specialty						—						(1,550)						(2,590)
Restructuring and other exit charges - Energy Systems						(3,187)						(7,284)						(10,593)
Restructuring and other exit charges - Motive Power						(36,798)						(2,021)						(5,751)
Restructuring and other exit charges - Specialty						(389)						(6,020)						(18,365)
Impairment of goodwill (3)						—						(39,713)						—
Impairment of indefinite-lived intangibles (3)						—						(4,549)						—
Fixed asset write-off relating to exit activities and other - Energy Systems						—						(50)						—
Fixed asset write-off relating to exit activities and other - Motive Power						—						(5,380)						—
Fixed asset write-off relating to exit activities - Specialty						—						(11)						—
Legal proceedings charge, net - Energy Systems						—						—						(4,363)
Legal proceedings charge, net - Motive Power						—						—						(74)
Total operating earnings(2)						$	216,375					$	190,195					$	212,465
Capital Expenditures
Energy Systems						$	34,826					$	40,768					$	24,333
Motive Power						14,154						22,285						26,112
Specialty						21,040						38,372						19,927
Total						$	70,020					$	101,425					$	70,372
Depreciation and Amortization
Energy Systems						$	57,864					$	53,793					$	32,052
Motive Power						21,706						20,900						20,725
Specialty						14,512						12,651						10,571
Total						$	94,082					$	87,344					$	63,348

(1)Reportable segments do not record inter-segment revenues and accordingly there are none to report.

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

(3)The impairment of goodwill and indefinite-lived intangibles in fiscal 2020 related to the Company's legacy reportable segments as discussed in Note 7.

The Company's property, plant and equipment by reportable segments as of March 31, 2021 and 2020 are as follows:

Property, plant and equipment, net						March 31, 2021						March 31, 2020
Energy Systems						$	224,513					$	182,122
Motive Power						152,468						153,438
Specialty						120,075						144,454
Total						$	497,056					$	480,014

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- 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

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-Publisher FASB
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