XML 69 R54.htm IDEA: XBRL DOCUMENT
v3.22.1

Business Segments (Tables) | 12 Months Ended
--- | ---
Mar. 31, 2022
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, 2022, 2021 and 2020 and for each of the fiscal years then ended is shown below.
|  | Fiscal year ended March 31,
|  | 2022 |  | 2021 |  | 2020
Net sales by segment to unaffiliated customers |  |  |  |  |  |
Energy Systems |  | $ | 1,536,673 |  |  | $ | 1,380,278 |  |  | $ | 1,357,475 |
Motive Power |  | 1,361,254 |  |  | 1,163,710 |  |  | 1,348,193 |
Specialty |  | 459,392 |  |  | 433,944 |  |  | 382,200 |
Total net sales |  | $ | 3,357,319 |  |  | $ | 2,977,932 |  |  | $ | 3,087,868 |
Operating earnings by segment |  |  |  |  |  |
Energy Systems |  | $ | 18,531 |  |  | $ | 67,060 |  |  | $ | 67,809 |
Motive Power |  | 169,740 |  |  | 143,541 |  |  | 146,814 |
Specialty |  | 43,491 |  |  | 46,148 |  |  | 42,454 |
Inventory step up to fair value relating to acquisitions and exit activities - Energy Systems |  | (186) |  |  | — |  |  | (304) |
Inventory adjustment relating to exit activities - Motive |  | (2,418) |  |  | — |  |  | — |
Inventory step up to fair value relating to acquisitions - Specialty |  | — |  |  | — |  |  | (1,550) |
Restructuring and other exit charges - Energy Systems |  | (2,713) |  |  | (3,187) |  |  | (7,284) |
Restructuring and other exit charges - Motive Power |  | (17,059) |  |  | (36,798) |  |  | (2,021) |
Restructuring and other exit charges - Specialty |  | 1,016 |  |  | (389) |  |  | (6,020) |
Impairment of goodwill (3) |  | — |  |  | — |  |  | (39,713) |
Impairment of indefinite-lived intangibles - Energy Systems |  | (501) |  |  | — |  |  | (1,297) |
Impairment of indefinite-lived intangibles - Motive Power |  | (677) |  |  | — |  |  | (2,861) |
Impairment of indefinite-lived intangibles - Specialty |  | — |  |  | — |  |  | (391) |
Loss on assets held for sale - Motive Power |  | (2,973) |  |  | — |  |  | — |
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) |
Total operating earnings(2) |  | $ | 206,251 |  |  | $ | 216,375 |  |  | $ | 190,195 |
Capital Expenditures |  |  |  |  |  |
Energy Systems |  | $ | 33,614 |  |  | $ | 34,826 |  |  | $ | 40,768 |
Motive Power |  | 13,887 |  |  | 14,154 |  |  | 22,285 |
Specialty |  | 26,540 |  |  | 21,040 |  |  | 38,372 |
Total |  | $ | 74,041 |  |  | $ | 70,020 |  |  | $ | 101,425 |
Depreciation and Amortization |  |  |  |  |  |
Energy Systems |  | $ | 54,580 |  |  | $ | 57,864 |  |  | $ | 53,793 |
Motive Power |  | 24,918 |  |  | 21,706 |  |  | 20,900 |
Specialty |  | 16,380 |  |  | 14,512 |  |  | 12,651 |
Total |  | $ | 95,878 |  |  | $ | 94,082 |  |  | $ | 87,344 |
(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 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, 2022 and 2021 are as follows:
|  | March 31, 2022 |  | March 31, 2021
Property, plant and equipment, net |  |  |  |
Energy Systems |  | $ | 216,853 |  |  | $ | 224,513 |
Motive Power |  | 145,431 |  |  | 152,468 |
Specialty |  | 140,980 |  |  | 120,075 |
Total |  | $ | 503,264 |  |  | $ | 497,056 |

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=123359005&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=123359005&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=121556970&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 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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