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Pay vs Performance Disclosure
 12 Months Ended
Mar. 31, 2024
USD ($)
Mar. 31, 2023
USD ($)
Mar. 31, 2022
USD ($)
Mar. 31, 2021
USD ($)
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
PAY VERSUS PERFORMANCE
Compensation Actually Paid Table
As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act,
and
Item 402(v) of Regulation
S-K,
we are providing the following information about the relationship between “compensation actually paid” to our CEO and to our other NEOs and certain financial performance of the Company for the indicated fiscal years. Compensation actually paid, as determined under SEC requirements, does not reflect the actual amount of compensation earned by or paid to our executive officers during a covered year. For further information concerning the Company’s
pay-for-performance
philosophy and how the Company aligns executive compensation with the Company’s performance, refer
to
the Compensation Discussion and Analysis.
 
Year
(1)
  
SCT Total
for First
CEO
  
SCT Total
for
Second
CEO
  
CAP for
First
CEO
(2)
  
CAP for
Second
CEO
(2)
  
Avg. SCT
Total for
Other
NEOs
(2)
  
Avg. CAP
to Other
NEOs
(2)
   
 
Value of Initial Fixed
$100
  
Net
Income
  
 Adjusted 
EBIT
(4)
  
TSR
  
Peer
Group
TSR
(3)
(a)
  
(b)
  
(b)
  
(c)
  
(c)
  
(d)
  
(e)
   
(f)
  
(g)
  
(h)
  
(i)
2024
     $ 5,799,250     $ —     $ 7,011,006     $ —     $ 1,479,373     $ 1,769,549      $ 183.61     $ 219.31     $ 46,625     $ 119,238
2023
     $ 4,973,892     $ —     $ 3,543,606     $ —     $ 1,622,384     $ 1,421,836      $ 151.72     $ 155.40     $ 48,429     $ 105,869
2022
     $ 4,067,021     $ —     $ 2,562,396     $ —     $ 1,347,394     $ 788,702      $ 171.66     $ 147.62     $ 29,660     $ 95,589
2021
     $ 5,572,610     $ 397,800     $ 9,019,389     $ 423,480     $ 1,169,073     $ 2,651,095      $ 212.53     $ 159.26     $ 9,106     $ 48,854
(1)
The CEOs and the Other NEOs for the indicated years were as follows:
 
Year
   
First CEO
     
Second CEO
   
Other NEOs
2024
      Mr. Wilson      N/A    Messrs. Brant, Korman, Rustowicz, and Schadeberg
2023
      Mr. Wilson      N/A    Messrs. Brant, Korman, Rustowicz, and Schadeberg
2022
      Mr. Wilson      N/A    Messrs. Brant, Korman, Rustowicz, and Wozniak
2021
      Mr. Wilson      Mr. Fleming    Messrs. Korman, McCormick, Rustowicz, and Wozniak
 
(2)
Amounts represent compensation actually paid to our CEO and the average compensation actually paid to our Other NEOs for the relevant fiscal year, as determined under SEC rules (and described below).
 
(3)
For the relevant fiscal year, represents the cumulative TSR (the “Peer Group TSR”) of the Dow Jones U.S. Diversified Industrials Index.
 
(4)
In accordance with SEC rules, the Company is required to include in the Pay versus Performance table the “most important” financial performance measure (as determined by the Company) used to link compensation actually paid to our CEOs and Other NEOs to Company performance for the most recently completed fiscal year. The Company determined that Adjusted EBIT, which is a metric included in our incentive program, meets this requirement and therefore, we have included this performance measure in the Pay versus Performance table. Adjusted EBIT is a
non-GAAP
measure which is defined in the FY24 Financial Metrics section.
 
 
Compensation actually paid to our CEOs and Other NEOs represents the “Total” compensation reported in the Summary Compensation Table for the applicable fiscal year, as adjusted as follows:
First Chief Executive Officer
 
Year
  
Summary
Compensation
Table
Total
  
Minus:
Change
in
Present
Value of
NQDC
  
Minus:
Change
in
Present
Value of
Pension
  
Plus:
Pension
Service
Costs
Attributable
to the
Applicable
Year
  
Minus:
Grant Date
Fair Value
of Equity
Awards
Granted
During
Applicable
Year
  
Plus: Year-
End Fair
Value of
Equity
Awards
Granted
During
Applicable
Year
  
Plus:
Fair Value
of
Awards
Granted
and
Vested in
Applicable
Year
  
Plus:
Change in
Fair Value
as of Year-
End of Any
Prior-Year
Awards that
Remain
Unvested as
of
Year-End
  
Plus:
Change in
Fair Value
as of
Vesting
Date of
Any Prior-
Year
Awards
that Vested
During
Applicable
Year
  
 Compensation 
Actually Paid
2024
     $ 5,799,250     $ 5,491     $ —     $ —     $ 3,495,828     $ 4,352,194     $ —     $ 448,465     $ (87,584 )     $ 7,011,006
2023
     $ 4,973,892     $ 2,900     $ —     $ —     $ 2,816,047     $ 3,501,035     $ —     $ (1,616,943 )     $ (495,431 )     $ 3,543,606
2022
     $ 4,067,021     $ 1,896     $ —     $ —     $ 2,362,446     $ 1,840,059     $ —     $ (993,714 )     $ 13,371     $ 2,562,396
2021
     $ 5,572,610     $ —     $ —     $ —     $ 3,543,080     $ 6,414,349     $ 575,510     $ —     $ —     $ 9,019,389
Second Chief Executive Officer
 
Year
  
Summary
Compensation
Table
Total
  
Minus:
Change
in
Present
Value of
NQDC
  
Minus:
Change
in
Present
Value of
Pension
  
Plus:
Pension
Service
Costs
Attributable
to the
Applicable
Year
  
Minus:
Grant Date
Fair Value
of Equity
Awards
Granted
During
Applicable
Year
  
Plus: Year-
End Fair
Value of
Equity
Awards
Granted
During
Applicable
Year
  
Plus:
Fair Value
of
Awards
Granted
and
Vested in
Applicable
Year
  
Plus:
Change in
Fair Value
as of Year-
End of Any
Prior-Year
Awards that
Remain
Unvested as
of
Year-End
  
Plus:
Change in
Fair Value
as of
Vesting
Date of
Any Prior-
Year
Awards
that Vested
During
Applicable
Year
  
 Compensation 
Actually Paid
2024
     $ —     $ —     $ —     $ —     $ —     $ —     $ —     $ —     $ —     $ —
2023
     $ —     $ —     $ —     $ —     $ —     $ —     $ —     $ —     $ —     $ —
2022
     $ —     $ —     $ —     $ —     $ —     $ —     $ —     $ —     $ —     $ —
2021
     $ 397,800     $ —     $ —     $ —     $ 254,079     $ 75,660     $ 204,099     $ —     $ —     $ 423,480
Average of Other Named Executive Officers
 
Year
  
Summary
Compensation
Table
Total
  
Minus:
Change
in
Present
Value of
NQDC
  
Minus:
Change
in
Present
Value of
Pension
  
Plus:
Pension
Service
Costs
Attributable
to the
Applicable
Year
  
Minus:
Grant Date
Fair Value
of Equity
Awards
Granted
During
Applicable
Year
  
Plus: Year-
End Fair
Value of
Equity
Awards
Granted
During
Applicable
Year
  
Plus:
Fair Value
of
Awards
Granted
and
Vested in
Applicable
Year
  
Plus:
Change in
Fair Value
as of Year-
End of Any
Prior-Year
Awards that
Remain
Unvested as
of
Year-End
  
Plus:
Change in
Fair Value
as of
Vesting
Date of
Any Prior-
Year
Awards
that Vested
During
Applicable
Year
  
 Compensation 
Actually Paid
2024
     $ 1,479,373     $ 13,476     $ 53     $ —     $ 668,025     $ 831,669     $ —     $ 157,778     $ (17,717 )     $ 1,769,549
2023
     $ 1,622,384     $ 8,205     $ —     $ —     $ 814,420     $ 701,707     $ —     $ 33,962     $ (113,592 )     $ 1,421,836
2022
     $ 1,347,394     $ 6,473     $ —     $ —     $ 668,073     $ 520,369     $ —     $ (404,240 )     $ (275 )     $ 788,702
2021
     $ 1,169,073     $ 2,962     $ —     $ —     $ 467,863     $ 1,137,057     $ —     $ 785,776     $ 30,014     $ 2,651,095
     
Company Selected Measure Name Adjusted EBIT      
Named Executive Officers, Footnote
Year
   
First CEO
     
Second CEO
   
Other NEOs
2024
      Mr. Wilson      N/A    Messrs. Brant, Korman, Rustowicz, and Schadeberg
2023
      Mr. Wilson      N/A    Messrs. Brant, Korman, Rustowicz, and Schadeberg
2022
      Mr. Wilson      N/A    Messrs. Brant, Korman, Rustowicz, and Wozniak
2021
      Mr. Wilson      Mr. Fleming    Messrs. Korman, McCormick, Rustowicz, and Wozniak
      
Peer Group Issuers, Footnote For the relevant fiscal year, represents the cumulative TSR (the “Peer Group TSR”) of the Dow Jones U.S. Diversified Industrials Index.      
Adjustment To PEO Compensation, Footnote
First Chief Executive Officer
 
Year
  
Summary
Compensation
Table
Total
  
Minus:
Change
in
Present
Value of
NQDC
  
Minus:
Change
in
Present
Value of
Pension
  
Plus:
Pension
Service
Costs
Attributable
to the
Applicable
Year
  
Minus:
Grant Date
Fair Value
of Equity
Awards
Granted
During
Applicable
Year
  
Plus: Year-
End Fair
Value of
Equity
Awards
Granted
During
Applicable
Year
  
Plus:
Fair Value
of
Awards
Granted
and
Vested in
Applicable
Year
  
Plus:
Change in
Fair Value
as of Year-
End of Any
Prior-Year
Awards that
Remain
Unvested as
of
Year-End
  
Plus:
Change in
Fair Value
as of
Vesting
Date of
Any Prior-
Year
Awards
that Vested
During
Applicable
Year
  
 Compensation 
Actually Paid
2024
     $ 5,799,250     $ 5,491     $ —     $ —     $ 3,495,828     $ 4,352,194     $ —     $ 448,465     $ (87,584 )     $ 7,011,006
2023
     $ 4,973,892     $ 2,900     $ —     $ —     $ 2,816,047     $ 3,501,035     $ —     $ (1,616,943 )     $ (495,431 )     $ 3,543,606
2022
     $ 4,067,021     $ 1,896     $ —     $ —     $ 2,362,446     $ 1,840,059     $ —     $ (993,714 )     $ 13,371     $ 2,562,396
2021
     $ 5,572,610     $ —     $ —     $ —     $ 3,543,080     $ 6,414,349     $ 575,510     $ —     $ —     $ 9,019,389
Second Chief Executive Officer
 
Year
  
Summary
Compensation
Table
Total
  
Minus:
Change
in
Present
Value of
NQDC
  
Minus:
Change
in
Present
Value of
Pension
  
Plus:
Pension
Service
Costs
Attributable
to the
Applicable
Year
  
Minus:
Grant Date
Fair Value
of Equity
Awards
Granted
During
Applicable
Year
  
Plus: Year-
End Fair
Value of
Equity
Awards
Granted
During
Applicable
Year
  
Plus:
Fair Value
of
Awards
Granted
and
Vested in
Applicable
Year
  
Plus:
Change in
Fair Value
as of Year-
End of Any
Prior-Year
Awards that
Remain
Unvested as
of
Year-End
  
Plus:
Change in
Fair Value
as of
Vesting
Date of
Any Prior-
Year
Awards
that Vested
During
Applicable
Year
  
 Compensation 
Actually Paid
2024
     $ —     $ —     $ —     $ —     $ —     $ —     $ —     $ —     $ —     $ —
2023
     $ —     $ —     $ —     $ —     $ —     $ —     $ —     $ —     $ —     $ —
2022
     $ —     $ —     $ —     $ —     $ —     $ —     $ —     $ —     $ —     $ —
2021
     $ 397,800     $ —     $ —     $ —     $ 254,079     $ 75,660     $ 204,099     $ —     $ —     $ 423,480
     
Non-PEO NEO Average Total Compensation Amount $ 1,479,373 $ 1,622,384 $ 1,347,394 $ 1,169,073
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,769,549 1,421,836 788,702 2,651,095
Adjustment to Non-PEO NEO Compensation Footnote
Average of Other Named Executive Officers
 
Year
  
Summary
Compensation
Table
Total
  
Minus:
Change
in
Present
Value of
NQDC
  
Minus:
Change
in
Present
Value of
Pension
  
Plus:
Pension
Service
Costs
Attributable
to the
Applicable
Year
  
Minus:
Grant Date
Fair Value
of Equity
Awards
Granted
During
Applicable
Year
  
Plus: Year-
End Fair
Value of
Equity
Awards
Granted
During
Applicable
Year
  
Plus:
Fair Value
of
Awards
Granted
and
Vested in
Applicable
Year
  
Plus:
Change in
Fair Value
as of Year-
End of Any
Prior-Year
Awards that
Remain
Unvested as
of
Year-End
  
Plus:
Change in
Fair Value
as of
Vesting
Date of
Any Prior-
Year
Awards
that Vested
During
Applicable
Year
  
 Compensation 
Actually Paid
2024
     $ 1,479,373     $ 13,476     $ 53     $ —     $ 668,025     $ 831,669     $ —     $ 157,778     $ (17,717 )     $ 1,769,549
2023
     $ 1,622,384     $ 8,205     $ —     $ —     $ 814,420     $ 701,707     $ —     $ 33,962     $ (113,592 )     $ 1,421,836
2022
     $ 1,347,394     $ 6,473     $ —     $ —     $ 668,073     $ 520,369     $ —     $ (404,240 )     $ (275 )     $ 788,702
2021
     $ 1,169,073     $ 2,962     $ —     $ —     $ 467,863     $ 1,137,057     $ —     $ 785,776     $ 30,014     $ 2,651,095
     
Compensation Actually Paid vs. Total Shareholder Return
LOGO
     
Compensation Actually Paid vs. Net Income
LOGO
     
Compensation Actually Paid vs. Company Selected Measure
LOGO
     
Total Shareholder Return Vs Peer Group
LOGO
     
Tabular List, Table
Pay Versus Performance Tabular List
We believe the following performance measures represent the most important financial performance measures used by us to link compensation actually paid to our NEOs for the fiscal year ended March 31, 2024:
 
•  
Adjusted EBIT
 
•  
Adjusted Free Cash Flow
 
•  
Adjusted ROIC
     
Total Shareholder Return Amount $ 183.61 151.72 171.66 212.53
Peer Group Total Shareholder Return Amount 219.31 155.4 147.62 159.26
Net Income (Loss) $ 46,625 $ 48,429 $ 29,660 $ 9,106
Company Selected Measure Amount 119,238 105,869 95,589 48,854
Measure:: 1        
Pay vs Performance Disclosure        
Name Adjusted EBIT      
Non-GAAP Measure Description Adjusted EBIT is a
non-GAAP
measure which is defined in the FY24 Financial Metrics section. 		     
Measure:: 2        
Pay vs Performance Disclosure        
Name Adjusted Free Cash Flow      
Measure:: 3        
Pay vs Performance Disclosure        
Name Adjusted ROIC      
Wilson [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount $ 5,799,250 $ 4,973,892 $ 4,067,021 $ 5,572,610
PEO Actually Paid Compensation Amount $ 7,011,006 $ 3,543,606 $ 2,562,396 $ 9,019,389
PEO Name Mr. Wilson Mr. Wilson Mr. Wilson Mr. Wilson
Fleming [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount       $ 397,800
PEO Actually Paid Compensation Amount       $ 423,480
PEO Name       Mr. Fleming
PEO | Wilson [Member] | Change in Present Value of NQDC [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (5,491) $ (2,900) $ (1,896)  
PEO | Wilson [Member] | Grant Date Fair Value of Equity Awards Granted During Applicable Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (3,495,828) (2,816,047) (2,362,446) $ (3,543,080)
PEO | Wilson [Member] | Year End Fair Value of Equity Awards Granted During Applicable Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 4,352,194 3,501,035 1,840,059 6,414,349
PEO | Wilson [Member] | Value of Awards Granted and Vested in Applicable Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount       575,510
PEO | Wilson [Member] | Change in Fair Value as of Year End of Any Prior Year Awards that Remain Unvested as of Year End [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 448,465 (1,616,943) (993,714)  
PEO | Wilson [Member] | Change in Fair Value as of Vesting Date of Any Prior Year Awards that Vested During Applicable Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (87,584) (495,431) 13,371  
PEO | Fleming [Member] | Grant Date Fair Value of Equity Awards Granted During Applicable Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount       (254,079)
PEO | Fleming [Member] | Year End Fair Value of Equity Awards Granted During Applicable Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount       75,660
PEO | Fleming [Member] | Value of Awards Granted and Vested in Applicable Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount       204,099
Non-PEO NEO | Change in Present Value of NQDC [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (13,476) (8,205) (6,473) (2,962)
Non-PEO NEO | Change in Present Value of Pension [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (53)      
Non-PEO NEO | Grant Date Fair Value of Equity Awards Granted During Applicable Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (668,025) (814,420) (668,073) (467,863)
Non-PEO NEO | Year End Fair Value of Equity Awards Granted During Applicable Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 831,669 701,707 520,369 1,137,057
Non-PEO NEO | Change in Fair Value as of Year End of Any Prior Year Awards that Remain Unvested as of Year End [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 157,778 33,962 (404,240) 785,776
Non-PEO NEO | Change in Fair Value as of Vesting Date of Any Prior Year Awards that Vested During Applicable Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (17,717) $ (113,592) $ (275) $ 30,014