XML 49 R37.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Business Segments Business Segments (Tables)
 3 Months Ended
Jun. 30, 2024
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 and current quarter ended June 30, 2024 and July 2, 2023, is shown below:
 Quarter ended
June 30, 2024July 2, 2023
Net sales by segment to unaffiliated customers (1)
Energy Systems$361,051 $424,548 
Motive Power366,155 350,781 
Specialty125,710 133,240 
Total net sales$852,916 $908,569 
Operating earnings by segment
Energy Systems$19,000 $29,649 
Motive Power55,966 50,368 
Specialty4,900 9,817 
Corporate and other (3)
25,825 17,403 
Inventory adjustment relating to exit activities - Specialty— (3,098)
Restructuring and other exit charges - Energy Systems(3,777)(488)
Restructuring and other exit charges - Motive Power(1,395)(1,559)
Restructuring and other exit charges - Specialty(766)(4,262)
Amortization - Energy Systems(6,001)(6,217)
Amortization - Motive Power(183)(111)
Amortization - Specialty(702)(702)
Acquisition expense - Energy Systems(6)(5)
Acquisition expense - Motive Power (8)(85)
Acquisition expense - Specialty (1,352)— 
Other - Energy Systems(170)(744)
Other - Motive Power— (383)
Other - Specialty— (138)
Total operating earnings (2)
$91,331 $89,445 

(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.