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Business Segments
 12 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Business Segments Business Segments
Effective April 1, 2020, the Company's chief operating decision maker, or CODM (the Company's Chief Executive Officer), changed the manner in which he reviews financial information for purposes of assessing business performance and allocating resources, by focusing on the lines of business on a global basis, rather than on geographic basis. As a result of this change, the Company re-evaluated the identification of its operating segments and reportable segments and identified the following as its three operating segments, based on lines of business:

•Energy Systems - uninterruptible power systems, or “UPS” applications for computer and computer-controlled systems, as well as telecommunications systems, switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage and energy pipelines. Energy Systems also includes highly integrated power solutions and services to broadband, telecom, renewable and industrial customers, as well as thermally managed cabinets and enclosures for electronic equipment and batteries.
•Motive Power - power for electric industrial forklifts used in manufacturing, warehousing and other material handling applications, as well as mining equipment, diesel locomotive starting and other rail equipment; and
•Specialty - premium starting, lighting and ignition applications in transportation, energy solutions for satellites, military aircraft, submarines, ships and other tactical vehicles, as well as medical and security systems.

The operating segments also represent the Company's reportable segments under ASC 280, Segment Reporting. All prior comparative periods presented have been recast to conform to these changes.
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,
 202220212020
Net sales by segment to unaffiliated customers
Energy Systems$1,536,673 $1,380,278 $1,357,475 
Motive Power1,361,254 1,163,710 1,348,193 
Specialty459,392 433,944 382,200 
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 Power169,740 143,541 146,814 
Specialty43,491 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 - Specialty1,016 (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 Power13,887 14,154 22,285 
Specialty26,540 21,040 38,372 
Total$74,041 $70,020 $101,425 
Depreciation and Amortization
Energy Systems$54,580 $57,864 $53,793 
Motive Power24,918 21,706 20,900 
Specialty16,380 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, 2022March 31, 2021
Property, plant and equipment, net
Energy Systems$216,853 $224,513 
Motive Power145,431 152,468 
Specialty140,980 120,075 
Total$503,264 $497,056 
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 60.7%, 59.8% and 58.1% for fiscal years ended March 31, 2022, 2021 and 2020, respectively. Property, plant and equipment, net, attributable to the United States as of March 31, 2022 and 2021, were $320,208 and $291,578, 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.