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Segment Information (Tables)

9 Months Ended

Dec. 31, 2024

Segment Information [Abstract]

Financial Information Relating to Segments

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

		Three Months Ended December 31, 2024
		Hard Parts				All Other				Total
Net sales to external customers		$	174,548,000			$	11,628,000			$	186,176,000
Intersegment sales			344,000				222,000				566,000
Operating income (loss)			19,069,000	(1)			(1,515,000	)			17,554,000
Depreciation and amortization			2,321,000				211,000				2,532,000
Segment assets			962,855,000				54,855,000				1,017,710,000
Capital expenditures			601,000				68,000				669,000

		Three Months Ended December 31, 2023
		Hard Parts				All Other				Total
Net sales to external customers		$	161,254,000			$	10,608,000			$	171,862,000
Intersegment sales			242,000				116,000				358,000
Operating income (loss)			9,993,000	(1)			(473,000	)			9,520,000
Depreciation and amortization			2,557,000				321,000				2,878,000
Segment assets			1,005,470,000				51,965,000				1,057,435,000
Capital expenditures			221,000				72,000				293,000

		Nine Months Ended December 31, 2024
		Hard Parts				All Other				Total
Net sales to external customers		$	527,412,000			$	36,837,000			$	564,249,000
Intersegment sales			840,000				794,000				1,634,000
Operating income (loss)			23,893,000	(1)			(322,000	)			23,571,000
Depreciation and amortization			7,247,000				615,000				7,862,000
Capital expenditures			1,402,000				314,000				1,716,000

		Nine Months Ended December 31, 2023
		Hard Parts				All Other				Total
Net sales to external customers		$	495,422,000			$	32,784,000			$	528,206,000
Intersegment sales			442,000				249,000				691,000
Operating income (loss)			36,702,000	(1)			(2,852,000	)			33,850,000
Depreciation and amortization			7,825,000				1,019,000				8,844,000
Capital expenditures			352,000				110,000				462,000

		Three Months Ended								Nine Months Ended
		December 31,								December 31,
Net sales		2024				2023				2024				2023
Total net sales for reportable segment		$	174,892,000			$	161,496,000			$	528,252,000			$	495,864,000
Other net sales			11,850,000				10,724,000				37,631,000				33,033,000
Elimination of intersegment net sales			(566,000	)			(358,000	)			(1,634,000	)			(691,000	)
Total consolidated net sales		$	186,176,000			$	171,862,000			$	564,249,000			$	528,206,000

		Three Months Ended								Nine Months Ended
		December 31,								December 31,
Profit or loss		2024				2023				2024				2023
Total operating income for reportable segment (1)		$	19,069,000			$	9,993,000			$	23,893,000			$	36,702,000
Other operating loss			(1,515,000	)			(473,000	)			(322,000	)			(2,852,000	)
Elimination of intersegment operating income			27,000				4,000				74,000				52,000
Interest expense, net			(14,435,000	)			(18,297,000	)			(43,004,000	)			(45,400,000	)
Change in fair value of compound net derivative liability			260,000				(1,160,000	)			2,460,000				(1,690,000	)
Loss on extinguishment of debt			-				-				-				(168,000	)
Total consolidated income (loss) before income tax expense		$	3,406,000			$	(9,933,000	)		$	(16,899,000	)		$	(13,356,000	)

Assets		December 31, 2024				March 31, 2024
Total assets for reportable segment		$	962,855,000			$	1,019,811,000
Other assets			54,855,000				54,946,000
Elimination of intersegment assets			(68,202,000	)			(62,755,000	)
Total consolidated assets		$	949,508,000			$	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 a loss of $2,460,000 and a gain of $3,149,000 for the three months ended December 31, 2024 and 2023, respectively, and a loss of $18,966,000 and a gain of $2,659,000, for the nine months ended December 31, 2024 and 2023, respectively.

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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 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: 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 3: 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

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- References

No definition available.

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