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Business Segment Information
 12 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Business Segment Reporting Business Segment Information
 
ASC Topic 280, “Segment Reporting,” establishes the standards for reporting information about operating segments in financial statements. The Company has one operating and reportable segment for both internal and external reporting purposes.

Financial information relating to the Company’s operations by geographic area is as follows:
 Year Ended March 31,
 202120202019
Net sales:   
United States$348,986 $450,242 $485,969 
Germany164,380 175,492 196,055 
Europe, Middle East, and Africa (Excluding Germany)90,415 121,600 127,453 
Canada15,443 21,984 22,206 
Asia Pacific13,829 14,193 17,749 
Latin America16,589 25,651 26,850 
Total$649,642 $809,162 $876,282 

Note: Net sales to external customers are attributed to geographic areas based upon the location from which the product was shipped from the Company to the customer.
 Year Ended March 31,
 202120202019
Total assets:   
United States$540,184 $518,914 $496,580 
Germany435,638 438,210 429,859 
Europe, Middle East, and Africa (Excluding Germany)125,262 86,638 85,680 
Canada8,647 9,979 8,688 
Asia Pacific19,326 20,314 22,129 
Latin America21,375 19,217 18,635 
Total$1,150,432 $1,093,272 $1,061,571 
 Year Ended March 31,
 202120202019
Long-lived assets:   
United States$269,061 $272,816 $282,456 
Germany336,606 327,420 342,150 
Europe, Middle East, and Africa8,359 9,561 10,163 
Canada1,395 1,192 1,319 
Asia Pacific2,235 4,928 5,781 
Latin America1,635 1,197 1,190 
Total$619,291 $617,114 $643,059 

Note: Long-lived assets include net property, plant, and equipment, goodwill, and other intangibles, net.

Sales by major product group are as follows:Year Ended March 31,
 202120202019
Hoists$394,682 $492,126 $518,806 
Chain and rigging tools47,557 68,666 89,215 
Industrial cranes37,025 44,149 59,085 
Actuators and rotary unions75,458 77,957 77,719 
Digital power control and delivery systems74,943 100,658 98,187 
Elevator application drive systems19,977 25,606 25,548 
Other— — 7,722 
Total$649,642 $809,162 $876,282 

The prior year sales by major product group amounts have been reclassified to be consistent with the current period presentation.

On December 28, 2018, the Company sold its Tire Shredder business, and on February 28, 2019, the Company sold Crane Equipment and Service Inc. and Stahlhammer Bommern GmbH. In fiscal year 2019, these businesses accounted for chain and rigging tools sales of $12,289,000, industrial cranes sales of $14,184,000, and other sales of $7,722,000.