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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2021
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]
Pay
Versus Performance
 
In
accordance with rules adopted by the Securities and Exchange Commission pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we provide the following disclosure regarding executive compensation for our principal executive officer (“PEO”) and
non-PEO
NEOs and Company performance for the fiscal years listed below. The Compensation Committee did not consider
the pay versus performance disclosure below in making its pay decisions for any of the years shown.
 
Year
 
Summary
Compensation
Table Total for
David M.
Shaffer¹
($)
 
Compensation
Actually Paid
to David M.
Shaffer
1,2,3

($)
 
Average
Summary
Compensation
Table Total for
Non-PEO

NEOs
1

($)
 
Average
Compensation
Actually Paid
to
Non-PEO

NEOs
1,2,3

($)
 
Value of Initial Fixed
$100 Investment
Based on:
4
 
Net
Income
($ Millions)
 
Adjusted
Operating
Earnings
($ Thousands)
 
TSR
($)
 
Peer Group
TSR
($)
(a)
 
(b)
 
(c)
 
(d)
 
(e)
 
(f)
 
(g)
 
(h)
 
(i)
2023
       7,888,918         10,402,205         2,124,010         2,609,038         180.41         204.65         175.8         324,241  
2022
       6,852,166         2,053,729         1,771,200         799,102         153.31         192.74         143.9         318,243  
2021
       7,019,300         14,975,724         1,817,366         3,475,404         185.06         195.08         143.3         284,126  
                                                                                 
 
1.
David M. Shaffer was our PEO for each year presented. The individuals comprising the
non-PEO
NEOs for each fiscal year are listed below.

2021
 
2022         
 
2023         
Michael J. Schmidtlein
 
Michael J. Schmidtlein          
 
Andrea J. Funk          
Holger P. Aschke
 
Shawn O’Connell          
 
Shawn O’Connell          
Shawn O’Connell
 
Joern Tinnemeyer          
 
Joern Tinnemeyer          
Andrew M. Zogby
 
Andrew M. Zogby          
 
Andrew M. Zogby          
 

2.
The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation
S-K
and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total.
 
3.
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the
non-PEO
NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards and Option Awards column are the totals from the Stock Awards and Option Awards columns of our 2023 Summary Compensation Table on page 
51.
 
Year
   
Summary Compensation
Table Total for David M.
Shaffer
($)
   
Exclusion of Stock
Awards and
Option Awards for
David M. Shaffer
($)
   
Inclusion of Equity
Values for David
M. Shaffer
($)
   
Compensation Actually
Paid to David M. Shaffer
($)
2023
        7,888,918          (5,225,000 )        7,738,287          10,402,205  
2022
        6,852,166          (4,665,000 )        (133,437 )        2,053,729  
2021
        7,019,300          (4,200,000 )        12,156,424          14,975,724  
                                             
 
Year
   
Average Summary
Compensation Table
Total for Non-PEO NEOs

($)
   
Average Exclusion of
Stock Awards and
Option Awards for Non-
PEO NEOs
($)
   
Average Inclusion of
Equity Values for Non-
PEO NEOs
($)
   
Average Compensation
Actually Paid to
Non-PEO
NEOs
($)
2023
        2,124,010          (1,031,250 )        1,516,278          2,609,038  
2022
        1,771,200          (935,496 )        (36,602 )        799,102  
2021
        1,817,366          (780,000 )        2,438,038          3,475,404  
                                             
 
 
 
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
 
Y
ear
  
Year-End Fair

Value of Equity
Awards Granted
During Year That
Remained
Unvested as of
Last Day of
Fiscal Year for
David M. Shaffer
($)
  
Change in Fair
Value from Last
Day of Prior
Fiscal Year to
Last Day of Fiscal
Year of Unvested
Equity Awards for
David M. Shaffer
($)
  
Vesting-Date

Fair Value of
Equity Awards
Granted During
Year that Vested
During Year for
David M. Shaffer
($)
  
Change in Fair
Value from Last
Day of Prior
Fiscal Year to
Vesting Date of
Unvested Equity
Awards that
Vested During
Fiscal Year for
David M. Shaffer
($)
  
Fair Value at
Last Day of
Prior Year of
Equity Awards
Forfeited
During Year for
David M.
Shaffer
($)
  
Value of
Dividends or
Other Earnings
Paid on Equity
Awards Not
Otherwise
Included for
David M.
Shaffer
($)
  
Total—
Inclusion of
Equity Values
for David M.
Shaffer
($)
2023
       7,136,543         1,157,719         —         (555,975 )       —         —         7,738,287  
2022
       3,636,620         (3,706,864 )       —         (63,193 )       —         —         (133,437 )
2021
       5,664,401         5,448,231         —         1,043,792         —         —         12,156,424  
                                                                       
 
Year
  
Average Year-End Fair

Value of Equity Awards
Granted During Fiscal
Year That Remained
Unvested as of Last Day
of Fiscal Year for Non-
PEO NEOs
($)
  
Average Change in Fair
Value from Last Day of
Prior Fiscal Year to Last
Day of Fiscal Year of
Unvested Equity Awards
for
Non-PEO
NEOs
($)
  
Average Change in Fair
Value from Last Day of
Prior Fiscal Year to
Vesting Date of
Unvested Equity Awards
That Vested During
Fiscal Year for
Non-PEO

NEOs
($)
  
Total—Average Inclusion
of Equity Values for
Non-PEO
NEOs
($)
2023
       1,408,524         188,747         (80,993 )       1,516,278  
2022
       729,250         (747,578 )       (18,274 )       (36,602 )
2021
       1,051,948         1,173,514         212,576         2,438,038  
                                         
 
4.
The Peer Group TSR set forth in the table below utilizes the Dow Jones US Electrical Components & Equipment Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the fiscal year ended March 31, 2023. The comparison assumes $100 was invested for the period starting March 31, 2020, through the end of the listed fiscal year in the Company and in the Dow Jones US Electrical Components & Equipment Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.
 
5.
We determined Adjusted Operating Earnings to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and Non-PEO NEOs in fiscal year 2023. Adjusted Operating Earnings is a non-GAAP measure that adjusts Operating Earnings for charges that the Company incurs as a result of restructuring activities, impairment of goodwill and indefinite-lived intangibles and other assets, acquisition activities and those charges and credits that are not directly related to operating unit performance. Please see “Fiscal Year 2023 MIP Targets and Payout” on page 44 for a description of the adjustments to operating earnings for fiscal year 2023, and “Fiscal Year 2022 MIP Targets and Payout” on page 33 of our 2022 Proxy Statement, for a description of the adjustments to operating earnings for fiscal year 2022. This performance measure may not have been the most important financial performance measure for fiscal years 2022 and 2021, and we may determine a different financial performance measure to be the most important financial performance measure in future years.
   
Company Selected Measure Name We determined Adjusted Operating Earnings to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and Non-PEO NEOs in fiscal year 2023. Adjusted Operating Earnings is a non-GAAP measure that adjusts Operating Earnings for charges that the Company incurs as a result of restructuring activities, impairment of goodwill and indefinite-lived intangibles and other assets, acquisition activities and those charges and credits that are not directly related to operating unit performance. Please see “Fiscal Year 2023 MIP Targets and Payout” on page 44 for a description of the adjustments to operating earnings for fiscal year 2023, and “Fiscal Year 2022 MIP Targets and Payout” on page 33 of our 2022 Proxy Statement, for a description of the adjustments to operating earnings for fiscal year 2022. This performance measure may not have been the most important financial performance measure for fiscal years 2022 and 2021, and we may determine a different financial performance measure to be the most important financial performance measure in future years.    
Named Executive Officers, Footnote [Text Block] The individuals comprising the
non-PEO
NEOs for each fiscal year are listed below. 		   
Peer Group Issuers, Footnote [Text Block] The Peer Group TSR set forth in the table below utilizes the Dow Jones US Electrical Components & Equipment Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the fiscal year ended March 31, 2023. The comparison assumes $100 was invested for the period starting March 31, 2020, through the end of the listed fiscal year in the Company and in the Dow Jones US Electrical Components & Equipment Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.    
PEO Total Compensation Amount $ 7,888,918 $ 6,852,166 $ 7,019,300
PEO Actually Paid Compensation Amount $ 10,402,205 2,053,729 14,975,724
Adjustment To PEO Compensation, Footnote [Text Block] Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the
non-PEO
NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards and Option Awards column are the totals from the Stock Awards and Option Awards columns of our 2023 Summary Compensation Table on page 
51.
 
Year
   
Summary Compensation
Table Total for David M.
Shaffer
($)
   
Exclusion of Stock
Awards and
Option Awards for
David M. Shaffer
($)
   
Inclusion of Equity
Values for David
M. Shaffer
($)
   
Compensation Actually
Paid to David M. Shaffer
($)
2023
        7,888,918          (5,225,000 )        7,738,287          10,402,205  
2022
        6,852,166          (4,665,000 )        (133,437 )        2,053,729  
2021
        7,019,300          (4,200,000 )        12,156,424          14,975,724  
                                             
 
 
 
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
 
Y
ear
  
Year-End Fair

Value of Equity
Awards Granted
During Year That
Remained
Unvested as of
Last Day of
Fiscal Year for
David M. Shaffer
($)
  
Change in Fair
Value from Last
Day of Prior
Fiscal Year to
Last Day of Fiscal
Year of Unvested
Equity Awards for
David M. Shaffer
($)
  
Vesting-Date

Fair Value of
Equity Awards
Granted During
Year that Vested
During Year for
David M. Shaffer
($)
  
Change in Fair
Value from Last
Day of Prior
Fiscal Year to
Vesting Date of
Unvested Equity
Awards that
Vested During
Fiscal Year for
David M. Shaffer
($)
  
Fair Value at
Last Day of
Prior Year of
Equity Awards
Forfeited
During Year for
David M.
Shaffer
($)
  
Value of
Dividends or
Other Earnings
Paid on Equity
Awards Not
Otherwise
Included for
David M.
Shaffer
($)
  
Total—
Inclusion of
Equity Values
for David M.
Shaffer
($)
2023
       7,136,543         1,157,719         —         (555,975 )       —         —         7,738,287  
2022
       3,636,620         (3,706,864 )       —         (63,193 )       —         —         (133,437 )
2021
       5,664,401         5,448,231         —         1,043,792         —         —         12,156,424  
                                                                       
 
    
Non-PEO NEO Average Total Compensation Amount $ 2,124,010 1,771,200 1,817,366
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,609,038 799,102 3,475,404
Adjustment to Non-PEO NEO Compensation Footnote [Text Block] Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the
non-PEO
NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards and Option Awards column are the totals from the Stock Awards and Option Awards columns of our 2023 Summary Compensation Table on page 
Year
   
Average Summary
Compensation Table
Total for Non-PEO NEOs

($)
   
Average Exclusion of
Stock Awards and
Option Awards for Non-
PEO NEOs
($)
   
Average Inclusion of
Equity Values for Non-
PEO NEOs
($)
   
Average Compensation
Actually Paid to
Non-PEO
NEOs
($)
2023
        2,124,010          (1,031,250 )        1,516,278          2,609,038  
2022
        1,771,200          (935,496 )        (36,602 )        799,102  
2021
        1,817,366          (780,000 )        2,438,038          3,475,404  
                                             
 
Year
  
Average Year-End Fair

Value of Equity Awards
Granted During Fiscal
Year That Remained
Unvested as of Last Day
of Fiscal Year for Non-
PEO NEOs
($)
  
Average Change in Fair
Value from Last Day of
Prior Fiscal Year to Last
Day of Fiscal Year of
Unvested Equity Awards
for
Non-PEO
NEOs
($)
  
Average Change in Fair
Value from Last Day of
Prior Fiscal Year to
Vesting Date of
Unvested Equity Awards
That Vested During
Fiscal Year for
Non-PEO

NEOs
($)
  
Total—Average Inclusion
of Equity Values for
Non-PEO
NEOs
($)
2023
       1,408,524         188,747         (80,993 )       1,516,278  
2022
       729,250         (747,578 )       (18,274 )       (36,602 )
2021
       1,051,948         1,173,514         212,576         2,438,038  
                                         
 
    
Compensation Actually Paid vs. Total Shareholder Return [Text Block]
 
 
Description of Relationship Between PEO and
Non-PEO
NEO Compensation Actually Paid and Company Total Shareholder Return (“TSR”)
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our
Non-PEO
NEOs, and the Company’s cumulative TSR over the three most recently completed fiscal years.
 

 
    
Compensation Actually Paid vs. Net Income [Text Block]
 
 
Description of Relationship Between PEO and
Non-PEO
NEO Compensation Actually Paid and Net Income
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our
Non-PEO
NEOs, and our Net Income during the three most recently completed fiscal years.
 

 
    
Compensation Actually Paid vs. Company Selected Measure [Text Block]
 
 
Description of Relationship Between PEO and
Non-PEO
NEO Compensation Actually Paid and Company -Selected Measure
The following chart sets forth the relationship between the Compensation Actually Paid to our PEO, the average Compensation Actually Paid to our
Non-PEO
NEOs, and our Adjusted Operating Earnings during the three most recently completed fiscal years.
 
 

 
    
Total Shareholder Return Vs Peer Group [Text Block]
 
 
Description of Relationship Between Company TSR and Peer Group TSR
The following chart compares our cumulative TSR over the three most recently completed fiscal years to that of the Dow Jones US Electrical Components and Equipment Index over the same period.
 

    
Tabular List [Table Text Block]
Tabular List of Most Important Financial Performance Measures
The following table presents the financial performance measures that the Company considers to have been the most important in linking Compensation Actually Paid to our PEO and other NEOs for 2023 to Company performance. The measures in this table are not ranked.
 
  Most Important
  Performance Measures
   Adjusted Operating Earnings                  
  Cumulative TSR
  Primary Operating Capital
   
Total Shareholder Return Amount $ 180.41 153.31 185.06
Peer Group Total Shareholder Return Amount 204.65 192.74 195.08
Net Income (Loss) $ 175,800,000 $ 143,900,000 $ 143,300,000
Company Selected Measure Amount 324,241,000 318,243,000 284,126,000
PEO Name David M. Shaffer    
Measure [Axis]: 1      
Pay vs Performance Disclosure [Table]      
Measure Name Adjusted Operating Earnings    
Non-GAAP Measure Description [Text Block] We determined Adjusted Operating Earnings to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and Non-PEO NEOs in fiscal year 2023. Adjusted Operating Earnings is a non-GAAP measure that adjusts Operating Earnings for charges that the Company incurs as a result of restructuring activities, impairment of goodwill and indefinite-lived intangibles and other assets, acquisition activities and those charges and credits that are not directly related to operating unit performance. Please see “Fiscal Year 2023 MIP Targets and Payout” on page 44 for a description of the adjustments to operating earnings for fiscal year 2023, and “Fiscal Year 2022 MIP Targets and Payout” on page 33 of our 2022 Proxy Statement, for a description of the adjustments to operating earnings for fiscal year 2022. This performance measure may not have been the most important financial performance measure for fiscal years 2022 and 2021, and we may determine a different financial performance measure to be the most important financial performance measure in future years.    
Measure [Axis]: 2      
Pay vs Performance Disclosure [Table]      
Measure Name Cumulative TSR    
Measure [Axis]: 3      
Pay vs Performance Disclosure [Table]      
Measure Name Primary Operating Capital    
PEO [Member] | Exclusion of Stock Awards and Option Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (5,225,000) $ (4,665,000) $ (4,200,000)
PEO [Member] | Inclusion of Equity Values [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 7,738,287 (133,437) 12,156,424
PEO [Member] | Year End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 7,136,543 3,636,620 5,664,401
PEO [Member] | Change in Fair Value from Last Day of Prior Fiscal Year to Last Day of Fiscal Year of Unvested Equity Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 1,157,719 (3,706,864) 5,448,231
PEO [Member] | Change in Fair Value from Last Day of Prior Fiscal Year to Vesting Date of Unvested Equity Awards that Vested During Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (555,975) (63,193) 1,043,792
Non-PEO NEO [Member] | Exclusion of Stock Awards and Option Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (1,031,250) (935,496) (780,000)
Non-PEO NEO [Member] | Inclusion of Equity Values [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 1,516,278 (36,602) 2,438,038
Non-PEO NEO [Member] | Year End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 1,408,524 729,250 1,051,948
Non-PEO NEO [Member] | Change in Fair Value from Last Day of Prior Fiscal Year to Last Day of Fiscal Year of Unvested Equity Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 188,747 (747,578) 1,173,514
Non-PEO NEO [Member] | Change in Fair Value from Last Day of Prior Fiscal Year to Vesting Date of Unvested Equity Awards that Vested During Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (80,993) $ (18,274) $ 212,576