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Business Segments Business Segments (Tables)

9 Months Ended

Jan. 02, 2022

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 third quarter and nine months ended January 2, 2022 and January 3, 2021, is shown below:

						Quarter ended												Nine months ended
						January 2, 2022						January 3, 2021						January 2, 2022						January 3, 2021
Net sales by segment to unaffiliated customers (1)
Energy Systems						$	385,242					$	337,248					$	1,126,287					$	1,031,457
Motive Power						339,510						304,373						996,313						830,945
Specialty						119,254						109,446						327,694						301,991
Total net sales						$	844,006					$	751,067					$	2,450,294					$	2,164,393
Operating earnings by segment
Energy Systems						$	3,542					$	18,407					$	11,777					$	63,489
Motive Power						39,030						40,270						130,660						91,695
Specialty						11,065						12,590						33,443						29,224
Inventory adjustment relating to exit activities - Motive Power						—						—						(960)						—
Restructuring and other exit charges - Energy Systems						(682)						(868)						(1,331)						(2,711)
Restructuring and other exit charges - Motive Power						(1,679)						(14,348)						(12,888)						(16,791)
Restructuring and other exit charges - Specialty						(111)						20						1,058						(200)
Total operating earnings (2)						$	51,165					$	56,071					$	161,759					$	164,706

(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.

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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

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
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-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

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- References

No definition available.

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