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Business Segment Information (Tables) | 12 Months Ended
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Mar. 31, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Financial information relating to the Company’s operations by geographic area is as follows:
|  | Year Ended March 31,
|  | 2024 |  | 2023 |  | 2022
Net sales: |  |  |  |  |  |
United States |  | $ | 591,497 |  |  | $ | 595,363 |  |  | $ | 548,620 |
Germany |  | 233,797 |  |  | 175,294 |  |  | 188,134 |
Europe, Middle East, and Africa (Excluding Germany) |  | 112,839 |  |  | 97,597 |  |  | 108,678 |
Canada |  | 21,431 |  |  | 18,883 |  |  | 16,719 |
Asia Pacific |  | 17,877 |  |  | 16,720 |  |  | 17,680 |
Latin America |  | 36,099 |  |  | 32,383 |  |  | 26,724 |
Total |  | $ | 1,013,540 |  |  | $ | 936,240 |  |  | $ | 906,555 |
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,
|  | 2024 |  | 2023 |  | 2022
Total assets: |  |  |  |  |  |
United States |  | $ | 1,129,237 |  |  | $ | 1,127,321 |  |  | $ | 1,105,956 |
Germany |  | 553,103 |  |  | 417,167 |  |  | 422,671 |
Europe, Middle East, and Africa (Excluding Germany) |  | 90,921 |  |  | 81,413 |  |  | 85,678 |
Canada |  | 9,606 |  |  | 12,668 |  |  | 15,651 |
Asia Pacific |  | 14,094 |  |  | 16,063 |  |  | 18,575 |
Latin America |  | 28,984 |  |  | 43,823 |  |  | 37,176 |
Total |  | $ | 1,825,945 |  |  | $ | 1,698,455 |  |  | $ | 1,685,707 |
|  | Year Ended March 31,
|  | 2024 |  | 2023 |  | 2022
Long-lived assets: |  |  |  |  |  |
United States |  | $ | 781,232 |  |  | $ | 791,835 |  |  | $ | 811,276 |
Germany |  | 407,136 |  |  | 295,233 |  |  | 312,288 |
Europe, Middle East, and Africa (Excluding Germany) |  | 8,156 |  |  | 8,254 |  |  | 7,416 |
Canada |  | 1,190 |  |  | 1,267 |  |  | 1,446 |
Asia Pacific |  | 2,058 |  |  | 2,207 |  |  | 2,574 |
Latin America |  | 2,591 |  |  | 2,730 |  |  | 2,563 |
Total |  | $ | 1,202,363 |  |  | $ | 1,101,526 |  |  | $ | 1,137,563 |
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,
|  | 2024 |  | 2023 |  | 2022
Hoists |  | $ | 494,726 |  |  | $ | 456,300 |  |  | $ | 432,524 |
High Precision Conveyors |  | 163,462 |  |  | 149,586 |  |  | 144,587 |
Chain and rigging tools |  | 74,075 |  |  | 76,990 |  |  | 83,461 |
Industrial cranes |  | 39,520 |  |  | 38,369 |  |  | 43,482 |
Actuators and rotary unions |  | 97,303 |  |  | 84,663 |  |  | 84,999 |
Digital power control and delivery systems |  | 122,344 |  |  | 102,962 |  |  | 98,445 |
Elevator application drive systems |  | 22,110 |  |  | 27,370 |  |  | 19,057 |
Total |  | $ | 1,013,540 |  |  | $ | 936,240 |  |  | $ | 906,555 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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