Segment Information (Tables)

6 Months Ended

Sep. 30, 2024

Financial Information Relating to Segments

Financial information relating to the Company’s segments is as follows:

	Three Months Ended September 30, 2024
	Hard Parts			All Other		Total
Net sales to external customers	$	194,677,000		$	13,509,000	$	208,186,000
Intersegment sales		464,000			560,000		1,024,000
Operating income		11,283,000	(1)		1,199,000		12,482,000
Depreciation and amortization		2,401,000			200,000		2,601,000
Segment assets		997,018,000			57,418,000		1,054,436,000
Capital expenditures		548,000			9,000		557,000

	Three Months Ended September 30, 2023
	Hard Parts			All Other			Total
Net sales to external customers	$	184,421,000		$	12,218,000		$	196,639,000
Intersegment sales		68,000			38,000			106,000
Operating income (loss)		15,203,000	(1)		(1,300,000	)		13,903,000
Depreciation and amortization		2,589,000			344,000			2,933,000
Segment assets		1,074,783,000			51,668,000			1,126,451,000
Capital expenditures		91,000			38,000			129,000

	Six Months Ended September 30, 2024
	Hard Parts			All Other		Total
Net sales to external customers	$	352,864,000		$	25,209,000	$	378,073,000
Intersegment sales		496,000			572,000		1,068,000
Operating income		4,824,000	(1)		1,193,000		6,017,000
Depreciation and amortization		4,926,000			404,000		5,330,000
Capital expenditures		801,000			246,000		1,047,000

	Six Months Ended September 30, 2023
	Hard Parts			All Other			Total
Net sales to external customers	$	334,168,000		$	22,176,000		$	356,344,000
Intersegment sales		200,000			133,000			333,000
Operating income (loss)		26,709,000	(1)		(2,379,000	)		24,330,000
Depreciation and amortization		5,268,000			698,000			5,966,000
Capital expenditures		131,000			38,000			169,000

	Three Months Ended						Six Months Ended
	September 30,						September 30
Net sales	2024			2023			2024			2023
Total net sales for reportable segment	$	195,141,000		$	184,489,000		$	353,360,000		$	334,368,000
Other net sales		14,069,000			12,256,000			25,781,000			22,309,000
Elimination of intersegment net sales		(1,024,000	)		(106,000	)		(1,068,000	)		(333,000	)
Total consolidated net sales	$	208,186,000		$	196,639,000		$	378,073,000		$	356,344,000

	Three Months Ended						Six Months Ended
	September 30,						September 30
Profit or loss	2024			2023			2024			2023
Total operating income for reportable segment (1)	$	11,283,000		$	15,203,000		$	4,824,000		$	26,709,000
Other operating income (loss)		1,199,000			(1,300,000	)		1,193,000			(2,379,000	)
Elimination of intersegment operating income		38,000			34,000			47,000			48,000
Interest expense, net		(14,182,000	)		(15,383,000	)		(28,569,000	)		(27,103,000	)
Change in fair value of compound net derivative liability		(380,000	)		(390,000	)		2,200,000			(530,000	)
Loss on extinguishment of debt		-			(168,000	)		-			(168,000	)
Total consolidated loss before income tax expense (benefit)	$	(2,042,000	)	$	(2,004,000	)	$	(20,305,000	)	$	(3,423,000	)

Assets	September 30, 2024			March 31, 2024
Total assets for reportable segment	$	997,018,000		$	1,019,811,000
Other assets		57,418,000			54,946,000
Elimination of intersegment assets		(68,194,000	)		(62,755,000	)
Total consolidated assets	$	986,242,000		$	1,012,002,000

(1)

Operating income for the Company’s Hard Parts segment includes the foreign exchange impact of lease liabilities and forward contracts, which were losses of $5,428,000 and $4,760,000, for the three months ended September 30, 2024 and 2023, respectively, and losses of $16,506,000 and $490,000, for the six months ended September 30, 2024 and 2023, respectively.