Segment Information

9 Months Ended

Dec. 31, 2011

Segment Information [Abstract]

Segment Information

Note 18: Segment Information

During the first quarter of fiscal 2012, the Company implemented certain management reporting changes resulting in the realignment of the Nuevo Laredo, Mexico facility into the Original Equipment – North America segment from the Commercial Products segment.  The previously reported segment results for the Original Equipment – North America and Commercial Products segments have been retrospectively adjusted for comparative purposes.

The following is a summary of net sales, gross profit, earnings (loss) from continuing operations before income taxes and total assets by segment:

	Three months ended December 31						Nine months ended December 31
	2011			2010			2011			2010
Sales :
Original Equipment - Asia	$	20,861		$	16,859		$	62,115		$	41,623
Original Equipment - Europe		139,891			139,946			458,721			396,990
Original Equipment - North America		139,201			136,188			444,684			417,632
South America		42,161			36,429			138,177			114,513
Commercial Products		39,326			35,593			108,544			95,339
Segment sales		381,440			365,015			1,212,241			1,066,097
Corporate and administrative		263			379			577			1,157
Eliminations		(8,421	)		(5,351	)		(24,383	)		(15,777	)
Sales from continuing operations	$	373,282		$	360,043		$	1,188,435		$	1,051,477

	Three months ended December 31											Nine months ended December 31
	2011						2010					2011						2010
Gross profit:				% of sales					% of sales						% of sales					% of sales
Original Equipment - Asia	$	1,286			6.2	%	$	1,282		7.6	%	$	6,192			10.0	%	$	3,138		7.5	%
Original Equipment - Europe		18,356			13.1	%		17,454		12.5	%		63,325			13.8	%		54,508		13.7	%
Original Equipment - North America		19,056			13.7	%		18,110		13.3	%		62,659			14.1	%		58,595		14.0	%
South America		7,835			18.6	%		6,960		19.1	%		25,678			18.6	%		23,411		20.4	%
Commercial Products		12,958			33.0	%		12,348		34.7	%		32,748			30.2	%		30,438		31.9	%
Segment gross profit		59,491			15.6	%		56,154		15.4	%		190,602			15.7	%		170,090		16.0	%
Corporate and administrative		272			-			383		-			600			-			1,180		-
Eliminations		(20	)		-			10		-			(9	)		-			22		-
Gross profit	$	59,743			16.0	%	$	56,547		15.7	%	$	191,193			16.1	%	$	171,292		16.3	%

	Three months ended December 31						Nine months ended December 31
	2011			2010			2011			2010
Operating earnings (loss):
Original Equipment - Asia	$	(1,488	)	$	(883	)	$	(1,425	)	$	(2,530	)
Original Equipment - Europe		5,791			7,421			25,219			21,473
Original Equipment - North America		10,643			6,140			32,361			24,425
South America		3,951			1,182			9,828			9,972
Commercial Products		5,796			5,458			12,064			11,194
Segment earnings		24,693			19,318			78,047			64,534
Corporate and administrative		(8,448	)		(10,158	)		(29,765	)		(29,576	)
Eliminations		(25	)		(18	)		(125	)		11
Other items not allocated to segments		(4,560	)		(2,423	)		(16,732	)		(28,048	)
Earnings from continuing operations before income taxes	$	11,660		$	6,719		$	31,425		$	6,921

	December 31, 2011			March 31, 2011
Assets:
Original Equipment - Asia	$	104,410		$	91,748
Original Equipment - Europe		335,197			392,964
Original Equipment - North America		221,377			237,423
South America		98,635			103,733
Commercial Products		67,379			66,301
Corporate and administrative		42,767			45,103
Assets held for sale		2,450			2,450
Eliminations		(24,383	)		(22,783	)
Total assets	$	847,832		$	916,939