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Revenue Recognition (Tables)

9 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

Deposit Liabilities Disclosures [Text Block]

Customer advances (contract liabilities)			December 31, 2021			December 31, 2020
March 31, beginning balance			$	15,373		$	10,796
Additional customer advances received			26,807			28,411
Revenue recognized from customer advances			(28,460)			(24,636)
Customer advances recorded from Dorner acquisition			4,144			—
Customer advances recorded from Garvey acquisition			10,606			—
Other (1)			(354)			1,187
December 31, ending balance			$	28,116		$	15,758

Accounts Receivable, Allowance for Credit Loss

The following table illustrates the balance and related activity for the allowance for doubtful accounts that is deducted from accounts receivable to present the net amount expected to be collected in the nine months ended December 31, 2021 and December 31, 2020 (in thousands):

Allowance for doubtful accounts			December 31, 2021			December 31, 2020
March 31, beginning balance			$	5,686		$	5,056
Bad debt expense			961			2,512
Less uncollectible accounts written off, net of recoveries			(1,520)			(1,405)
Allowance recorded from Dorner acquisition			152			—
Allowance recorded from Garvey acquisition			75			—
Other (1)			85			284
December 31, ending balance			$	5,439		$	6,447

Disaggregation of Revenue

The following table illustrates the disaggregation of revenue by product grouping for the three and nine months ended December 31, 2021 and December 31, 2020 (in thousands):

			Three Months Ended												Nine Months Ended
Net Sales by Product Grouping			December 31, 2021						December 31, 2020						December 31, 2021						December 31, 2020
Industrial Products			$	77,754					$	71,090					$	241,595					$	192,127
Crane Solutions			81,213						75,970						$	244,791					$	216,602
Engineered Products			20,693						19,454						$	62,618					$	54,611
Precision Conveyor Products			36,382						—						$	104,100					—
All other			46						33						$	83					$	67
Total			$	216,088					$	166,547					$	653,187					$	463,407

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- Definition

Tabular disclosure of allowance for credit loss on accounts receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
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The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 405
-Section 50
-Paragraph 1
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-Name Accounting Standards Codification
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-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph (e)

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Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
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