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Revenue Recognition (Tables) | 9 Months Ended
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Dec. 31, 2022
Revenue from Contract with Customer [Abstract] |
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, 2022 and December 31, 2021 (in thousands):
Allowance for doubtful accounts | December 31, 2022 | December 31, 2021
March 31, beginning balance | $ | 5,717 |  | $ | 5,686 |
Bad debt expense | 726 |  | 961 |
Less uncollectible accounts written off, net of recoveries | (996) |  | (1,520) |
Allowance recorded from acquisitions | — |  | 227 |
Other (1) | (134) |  | 85 |
December 31, ending balance | $ | 5,313 |  | $ | 5,439 |
(1) Other includes the impact of foreign currency translation
Disaggregation of Revenue | The following table illustrates the disaggregation of revenue by product grouping for the three and nine months ended December 31, 2022 and December 31, 2021 (in thousands):
| Three Months Ended | Nine Months Ended
Net Sales by Product Grouping | December 31, 2022 |  | December 31, 2021 | December 31, 2022 |  | December 31, 2021
Industrial Products | $ | 77,423 |  |  | $ | 77,754 |  | $ | 240,366 |  |  | $ | 241,595 |
Crane Solutions | 97,541 |  |  | 81,213 |  | 266,959 |  |  | 244,791 |
Engineered Products | 21,535 |  |  | 20,693 |  | 61,309 |  |  | 62,618 |
Precision Conveyor Products | 33,837 |  |  | 36,382 |  | 113,646 |  |  | 104,100 |
All other | 34 |  |  | 46 |  | 117 |  |  | 83 |
Total | $ | 230,370 |  |  | $ | 216,088 |  | $ | 682,397 |  |  | $ | 653,187 |
Contract with Customer, Contract Asset, Contract Liability, and Receivable | The following table illustrates the balance and related activity for customer advances in the nine months ended December 31, 2022 and December 31, 2021 (in thousands):
Customer advances (contract liabilities) | December 31, 2022 | December 31, 2021
March 31, beginning balance | $ | 22,453 |  | $ | 15,373 |
Additional customer advances received | 56,902 |  | 26,807 |
Revenue recognized from customer advances included in beginning of period | (22,453) |  | (15,373) |
Other revenue recognized from customer advances | (34,302) |  | (13,087) |
Customer advances recorded from acquisitions | — |  | 14,750 |
Other (1) | (418) |  | (354) |
December 31, ending balance | $ | 22,182 |  | $ | 28,116 |
(1) Other includes the impact of foreign currency translation

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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 -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 + Details
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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 + Details
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- Definition 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 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
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