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Business Segments Business Segments (Tables) | 3 Months Ended
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Jul. 02, 2023
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 first quarter ended July 2, 2023 and July 3, 2022, is shown below:
|  | Quarter ended |  |
|  | July 2, 2023 |  | July 3, 2022 |  |  |  |
Net sales by segment to unaffiliated customers (1) |  |  |  |  |  |  |  |
Energy Systems |  | $ | 424,548 |  |  | $ | 408,579 |  |  |  |  |
Motive Power |  | 350,781 |  |  | 367,851 |  |  |  |  |
Specialty |  | 133,240 |  |  | 122,541 |  |  |  |  |
Total net sales |  | $ | 908,569 |  |  | $ | 898,971 |  |  |  |  |
Operating earnings by segment |  |  |  |  |  |  |  |
Energy Systems |  | $ | 29,649 |  |  | $ | 15,014 |  |  |  |  |
Motive Power |  | 50,368 |  |  | 42,406 |  |  |  |  |
Specialty |  | 9,817 |  |  | 9,231 |  |  |  |  |
Corporate and other (3) |  | 17,403 |  |  | — |  |  |  |  |
Inventory adjustment relating to exit activities - Specialty |  | (3,098) |  |  | — |  |  |  |  |
Restructuring and other exit charges - Energy Systems |  | (488) |  |  | (162) |  |  |  |  |
Restructuring and other exit charges - Motive Power |  | (1,559) |  |  | (8,166) |  |  |  |  |
Restructuring and other exit charges - Specialty |  | (4,262) |  |  | — |  |  |  |  |
Amortization - Energy Systems |  | (6,217) |  |  | (7,330) |  |  |  |  |
Amortization - Motive |  | (111) |  |  | (110) |  |  |  |  |
Amortization - Specialty |  | (702) |  |  | (735) |  |  |  |  |
Other - Energy Systems |  | (749) |  |  | (10) |  |  |  |  |
Other - Motive |  | (468) |  |  | (9) |  |  |  |  |
Other - Specialty |  | $ | (138) |  |  | $ | — |  |  |  |  |
Total operating earnings (2) |  | $ | 89,445 |  |  | $ | 50,129 |  |  |  |  |
(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) Corporate and other includes amounts managed on a company-wide basis and not directly allocated to any reportable segments, primarily relating to IRA production tax credits. Also, included are start up costs for exploration of a new lithium plant as well as start-up operating expenses from the New Ventures operating segment.

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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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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