Business Segment Information

12 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Business Segment Reporting

Business Segment Information

ASC Topic 280, “Segment Reporting,” establishes the standards for reporting information about operating segments in financial statements. The Company has one operating and reportable segment for both internal and external reporting purposes.

Financial information relating to the Company’s operations by geographic area is as follows:

	Year Ended March 31,
	2020		2019		2018
Net sales:
United States	$	450,242	$	485,969	$	455,483
Germany	175,492		196,055		195,807
Europe, Middle East, and Africa (Excluding Germany)	121,600		127,453		120,887
Canada	21,984		22,206		20,672
Asia Pacific	14,193		17,749		19,082
Latin America	25,651		26,850		27,488
Total	$	809,162	$	876,282	$	839,419

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,
	2020		2019		2018
Total assets:
United States	$	518,914	$	496,580	$	477,712
Germany	438,210		429,859		514,244
Europe, Middle East, and Africa (Excluding Germany)	86,638		85,680		99,598
Canada	9,979		8,688		7,469
Asia Pacific	20,314		22,129		23,630
Latin America	19,217		18,635		19,793
Total	$	1,093,272	$	1,061,571	$	1,142,446

	Year Ended March 31,
	2020		2019		2018
Long-lived assets:
United States	$	272,816	$	282,456	$	293,576
Germany	327,420		342,150		409,827
Europe, Middle East, and Africa	9,561		10,163		11,356
Canada	1,192		1,319		1,172
Asia Pacific	4,928		5,781		6,847
Latin America	1,197		1,190		1,499
Total	$	617,114	$	643,059	$	724,277

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,
	2020		2019		2018
Hoists	$	520,217	$	546,924	$	532,925
Chain and rigging tools	68,666		89,215		79,884
Industrial cranes	16,058		30,967		35,071
Actuators and rotary unions	77,957		77,719		71,525
Digital power control and delivery systems	100,658		98,187		84,565
Elevator application drive systems	25,606		25,548		24,423
Other	—		7,722		11,026
Total	$	809,162	$	876,282	$	839,419

On December 28, 2018, the Company sold its Tire Shredder business, and on February 28, 2019, the Company sold Crane Equipment and Service Inc. and Stahlhammer Bommern GmbH. In fiscal year 2019, these businesses accounted for chain and rigging tools sales of $12,289,000, industrial cranes sales of $14,184,000, and other sales of $7,722,000.