Business Segment Information

12 Months Ended

Mar. 31, 2023

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,
	2023		2022		2021
Net sales:
United States	$	595,363	$	548,620	$	348,986
Germany	175,294		188,134		164,380
Europe, Middle East, and Africa (Excluding Germany)	97,597		108,678		90,415
Canada	18,883		16,719		15,443
Asia Pacific	16,720		17,680		13,829
Latin America	32,383		26,724		16,589
Total	$	936,240	$	906,555	$	649,642

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,
	2023		2022		2021
Total assets:
United States	$	1,127,321	$	1,105,956	$	540,184
Germany	417,167		422,671		435,638
Europe, Middle East, and Africa (Excluding Germany)	81,413		85,678		125,262
Canada	12,668		15,651		8,647
Asia Pacific	16,063		18,575		19,326
Latin America	43,823		37,176		21,375
Total	$	1,698,455	$	1,685,707	$	1,150,432

	Year Ended March 31,
	2023		2022		2021
Long-lived assets:
United States	$	791,835	$	811,276	$	269,061
Germany	295,233		312,288		336,606
Europe, Middle East, and Africa (Excluding Germany)	8,254		7,416		8,359
Canada	1,267		1,446		1,395
Asia Pacific	2,207		2,574		2,235
Latin America	2,730		2,563		1,635
Total	$	1,101,526	$	1,137,563	$	619,291

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,
	2023		2022		2021
Hoists	$	456,300	$	432,524	$	394,682
High Precision Conveyors	149,586		144,587		—
Chain and rigging tools	76,990		83,461		47,557
Industrial cranes	38,369		43,482		37,025
Actuators and rotary unions	84,663		84,999		75,458
Digital power control and delivery systems	102,962		98,445		74,943
Elevator application drive systems	27,370		19,057		19,977
Total	$	936,240	$	906,555	$	649,642