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Business Segment Information
 12 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Business Segment Information 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.

The Company’s Chief Executive Officer (“CEO”), who is its chief operating decision maker (“CODM”), evaluates the performance of the Company’s operating segment based on Income from operations. The CODM reviews budget-to-actual variances and year over year performance when making operating decisions to allocate resources to the segment.

The significant segment expenses that are regularly provided on a quarterly basis to CODM are cost of products sold, research and development expenses, selling expenses, general and administrative expenses and amortization of intangibles, which are presented on the face of the Consolidated Statements of Operations and included in the calculation of Operating Income.

Financial information relating to the Company’s operations by geographic area is as follows:
 Year Ended March 31,
 202520242023
Net sales:
United States$556,972 $591,497 $595,363 
Germany217,189 233,797 175,294 
Europe, Middle East, and Africa (Excluding Germany)116,749 112,839 97,597 
Canada17,479 21,431 18,883 
Asia Pacific22,173 17,877 16,720 
Latin America32,465 36,099 32,383 
Total$963,027 $1,013,540 $936,240 
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,
 202520242023
Total assets:
United States$1,079,209 $1,129,237 $1,127,321 
Germany540,515 553,103 417,167 
Europe, Middle East, and Africa (Excluding Germany)76,831 90,921 81,413 
Canada6,811 9,606 12,668 
Asia Pacific11,821 14,094 16,063 
Latin America23,601 28,984 43,823 
Total$1,738,788 $1,825,945 $1,698,455 

 Year Ended March 31,
 202520242023
Long-lived assets:
United States$762,328 $781,232 $791,835 
Germany398,188 407,136 295,233 
Europe, Middle East, and Africa (Excluding Germany)8,625 8,156 8,254 
Canada1,071 1,190 1,267 
Asia Pacific1,854 2,058 2,207 
Latin America1,467 2,591 2,730 
Total$1,173,533 $1,202,363 $1,101,526 

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,
 202520242023
Hoists$479,612 $494,726 $456,300 
High Precision Conveyors154,660 163,462 149,586 
Chain and rigging tools76,072 74,075 76,990 
Industrial cranes37,113 39,520 38,369 
Actuators and rotary unions87,735 97,303 84,663 
Digital power control and delivery systems110,379 122,344 102,962 
Elevator application drive systems17,456 22,110 27,370 
Total$963,027 $1,013,540 $936,240