Business Segments Business Segments (Tables)

9 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Selected Financial Data for Reportable Business Segments and Product Lines

Summarized financial information related to the Company's reportable segments for the third quarter and nine months ended December 31, 2023 and January 1, 2023, is shown below:

	Quarter ended				Nine months ended
	December 31, 2023		January 1, 2023		December 31, 2023		January 1, 2023
Net sales by segment to unaffiliated customers (1)
Energy Systems	$	373,573	$	434,310	$	1,220,587	$	1,279,913
Motive Power	355,396		361,788		1,061,383		1,067,632
Specialty	132,579		124,129		389,180		371,090
Total net sales	$	861,548	$	920,227	$	2,671,150	$	2,718,635
Operating earnings by segment
Energy Systems	$	14,309	$	27,654	$	69,521	$	60,435
Motive Power	52,715		47,214		156,531		129,501
Specialty	7,496		11,609		22,900		30,431
Corporate and other (3)	55,758		—		92,055		—
Inventory adjustment relating to exit activities - Energy Systems	(16,067)		211		(16,067)		211
Inventory adjustment relating to exit activities - Motive Power	—		652		—		(892)
Inventory adjustment relating to exit activities - Specialty	—		—		(3,098)		—
Restructuring and other exit charges - Energy Systems	(2,358)		(158)		(5,073)		(1,097)
Restructuring and other exit charges - Motive Power	(2,909)		(650)		(7,947)		(11,304)
Restructuring and other exit charges - Specialty	(803)		7		(6,593)		7
Amortization - Energy Systems	(6,047)		(6,941)		(18,483)		(21,348)
Amortization - Motive Power	(170)		(110)		(512)		(330)
Amortization - Specialty	(702)		(733)		(2,106)		(2,200)
Intangibles Impairment - Energy Systems	(6,020)		—		(6,020)		—
Other - Energy Systems	(2,449)		(90)		(3,508)		(251)
Other - Motive Power	(122)		(135)		(712)		(235)
Other - Specialty	(34)		—		(232)		—
Total operating earnings (2)	$	92,597	$	78,530	$	270,656	$	182,928

(1) Reportable segments do not record inter-segment revenues and accordingly there are none to report.

(2) The Company does not allocate interest expense or other (income) expense, net, to the reportable segments.

(3) Corporate and other includes amounts managed on a company-wide basis and not directly allocated to any reportable segments, primarily relating to IRA production tax credits. Also, included are start-up costs for exploration of a new lithium plant as well as start-up operating expenses from the New Ventures operating segment.