Divested Operations and Assets Held For Sale (Tables)

12 Months Ended

Mar. 31, 2024

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Results of Operations and Major Classes of Assets and Liabilities

The following table shows the results of Product Support within discontinued operations for each of the periods presented:

	Year ended March 31,
	2024			2023		2022
Major line items constituting pretax income of discontinued operations
Net sales	$	240,954		$	248,566	$	197,238
Operating costs and expenses:
Cost of sales (exclusive of depreciation shown separately below)		184,304			181,717		144,426
Selling, general and administrative		20,246			19,343		17,815
Depreciation and amortization		3,625			3,322		4,126
Restructuring		—			1,777		74
Gain on sale of discontinued operations, net of transaction costs		(548,250	)		—		—
		(340,075	)		206,159		166,441
Operating income		581,029			42,407		30,797
Interest expense and other, net		22,390			22,503		22,781
Income from discontinued operations before income taxes		558,639			19,904		8,016
Income tax expense		11,788			2,728		397
Income from discontinued operations	$	546,851		$	17,176	$	7,619

The Company's accounting policy to allocate to discontinued operations other consolidated interest that is not directly attributable to or related to other operations of the entity based on the ratio of net assets to be sold or discontinued less debt that is required to be paid as a result of the disposal transaction to the sum of total net assets of the consolidated group plus consolidated debt, adjusted for debt that will be assumed by the buyer; debt that is required to be paid as a result of the disposal transaction; and debt that can be directly attributed to other operations of the entity. In applying the above policy, the Company allocated interest expense to discontinued operations of approximately $21,857, $21,619, and $22,646 in the years ended March 31, 2024, 2023, and 2022, respectively.

	March 31,
	2023
ASSETS
Carrying amount of major classes of assets included as part of discontinued operations:
Trade and other receivables, less allowance for credit losses    of $2,905	$	40,659
Contract assets		16,287
Inventory, net		80,161
Prepaid expenses and other current assets		2,989
Property and equipment, net		28,178
Other, net		2,488
Total assets of the disposal group classified as held-for-sale in the statement of financial position	$	170,762
LIABILITIES
Carrying amount of major classes of liabilities included as part of discontinued operations:
Accounts payable	$	24,357
Contract liabilities		387
Accrued expenses		9,669
Other noncurrent liabilities		65
Total liabilities of the disposal group classified as held-for-sale in the statement of financial position	$	34,478