XML 42 R32.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Significant Customer and Other Information (Tables) | 9 Months Ended
--- | ---
Dec. 31, 2023
Significant Customer and Other Information [Abstract] |
Concentrations of Risk | Significant Customer Concentrations The largest customers accounted for the following percentage of consolidated net sales:
|  | Three Months Ended December 31, |  |  | Nine Months Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Net sales |  |  |  |  |  |  |  |  |  |  |  |
Customer A |  |  | 34 | % |  |  | 36 | % |  |  | 35 | % |  |  | 38 | %
Customer C |  |  | 26 | % |  |  | 21 | % |  |  | 27 | % |  |  | 22 | %
Customer B |  |  | 23 | % |  |  | 27 | % |  |  | 21 | % |  |  | 24 | %
Customer D |  |  | 4 | % |  |  | 4 | % |  |  | 5 | % |  |  | 4 | %
Revenues for Customers A through C were derived from the Hard Parts segment and Test Solutions and Diagnostic Equipment segment. Revenues for Customer D were derived from the Hard Parts segment. See Note 17 for a discussion of the Company’s segments. The largest customers accounted for the following percentage of accounts receivable – trade:
|  | December 31, 2023 |  |  | March 31, 2023 |
Accounts receivable - trade |  |  |  |  |  |
Customer A |  |  | 40 | % |  |  | 33 | %
Customer B |  |  | 20 | % |  |  | 18 | %
Customer C |  |  | 12 | % |  |  | 21 | %
Customer D |  |  | 8 | % |  |  | 12 | %
Geographic and Product Information The Company’s products are sold predominantly in North America and accounted for the following percentages of consolidated net sales:
|  | Three Months Ended December 31, |  |  | Nine Months Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Product line |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rotating electrical products |  |  | 65 | % |  |  | 66 | % |  |  | 66 | % |  |  | 67 | %
Brake-related products |  |  | 21 | % |  |  | 20 | % |  |  | 21 | % |  |  | 19 | %
Wheel hub products |  |  | 11 | % |  |  | 10 | % |  |  | 10 | % |  |  | 11 | %
Other products |  |  | 3 | % |  |  | 4 | % |  |  | 3 | % |  |  | 3 | %
|  |  | 100 | % |  |  | 100 | % |  |  | 100 | % |  |  | 100 | %

X
- References No definition available. + Details
Name: | us-gaap_RisksAndUncertaintiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the nature of a concentration, a benchmark to which it is compared, and the percentage that the risk is to the benchmark. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-21 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-20 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 18 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482861/275-10-50-18 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482861/275-10-50-20 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 16 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482861/275-10-50-16 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 21 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482861/275-10-50-21 + Details
Name: | us-gaap_SchedulesOfConcentrationOfRiskByRiskFactorTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration