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Business Segments Business Segments (Tables)

3 Months Ended

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
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-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
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-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

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