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Business Segments Business Segments (Tables)

6 Months Ended

Oct. 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 second quarter and six months ended October 2, 2022 and October 3, 2021, is shown below:

						Quarter ended												Six months ended
						October 2, 2022						October 3, 2021						October 2, 2022						October 3, 2021
Net sales by segment to unaffiliated customers (1)
Energy Systems						$	437,024					$	369,839					$	845,603					$	741,045
Motive Power						337,993						320,687						705,844						656,803
Specialty						124,420						100,869						246,961						208,440
Total net sales						$	899,437					$	791,395					$	1,798,408					$	1,606,288
Operating earnings by segment
Energy Systems						$	10,539					$	1,129					$	18,213					$	8,235
Motive Power						39,680						40,996						81,967						91,630
Specialty						8,859						11,386						17,355						22,378
Inventory adjustment relating to exit activities - Motive Power						(1,544)						(960)						(1,544)						(960)
Restructuring and other exit charges - Energy Systems						(777)						(161)						(939)						(649)
Restructuring and other exit charges - Motive Power						(2,488)						(2,676)						(10,654)						(11,209)
Restructuring and other exit charges - Specialty						—						(20)						—						1,169
Total operating earnings (2)						$	54,269					$	49,694					$	104,398					$	110,594

(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
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-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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