Segment Information

6 Months Ended

Sep. 30, 2013

Segment Information [Abstract]

Segment Information

Note 19: Segment Information

The following is a summary of net sales, gross profit, operating income, and total assets by segment:

	Three months ended September 30,						Six months ended September 30,
	2013			2012			2013			2012
Net sales:
North America	$	146.0		$	143.4		$	294.7		$	297.0
Europe		138.9			118.8			285.1			244.2
South America		31.8			34.2			66.2			65.4
Asia		16.2			13.8			34.5			29.6
Commercial Products		34.8			33.9			67.2			64.0
Segment total		367.7			344.1			747.7			700.2
Corporate and eliminations		(3.5	)		(4.2	)		(7.7	)		(9.9	)
Net sales	$	364.2		$	339.9		$	740.0		$	690.3

	Three months ended September 30,										Six months ended September 30,
	2013					2012					2013					2012
Gross profit:			% of sales					% of sales					% of sales					% of sales
North America	$	25.0		17.1	%	$	18.5		12.9	%	$	50.5		17.1	%	$	42.1		14.2	%
Europe		14.7		10.6	%		17.8		15.0	%		34.0		11.9	%		32.5		13.3	%
South America		5.8		18.2	%		5.8		16.9	%		11.9		18.0	%		10.5		16.1	%
Asia		1.8		10.7	%		-		0.2	%		4.1		11.8	%		0.4		1.5	%
Commercial Products		9.8		28.1	%		10.1		29.9	%		18.3		27.2	%		18.0		28.2	%
Segment gross profit		57.1		15.5	%		52.2		15.2	%		118.8		15.9	%		103.5		14.8	%
Corporate and eliminations		0.1		-			0.3		-			0.3		-			0.7		-
Gross profit	$	57.2		15.7	%	$	52.5		15.5	%	$	119.1		16.1	%	$	104.2		15.1	%

	Three months ended September 30,						Six months ended September 30,
	2013			2012			2013			2012
Operating income (loss):
North America	$	11.7		$	6.9		$	26.0		$	20.7
Europe		3.3			(12.2	)		11.3			(14.7	)
South America		2.5			4.3			5.1			5.0
Asia		(1.1	)		(2.3	)		(1.4	)		(4.6	)
Commercial Products		1.2			2.6			2.2			3.6
Segment total		17.6			(0.7	)		43.2			10.0
Corporate and eliminations		(7.0	)		(6.1	)		(13.6	)		(12.9	)
Operating income (loss)	$	10.6		$	(6.8	)	$	29.6		$	(2.9	)

	September 30, 2013		March 31, 2013
Total assets:
North America	$	214.2	$	218.3
Europe		353.2		332.2
South America		85.2		91.8
Asia		91.6		91.3
Commercial Products		131.1		73.7
Corporate and eliminations		22.1		11.5
Total assets	$	897.4	$	818.8

Segment operating income for fiscal 2013 has been recast to conform to the fiscal 2014 presentation.  The Company has modified its internal financial reporting of intercompany charges for research and development and intercompany royalties between Corporate and the Europe segment.  For the three and six months ended September 30, 2012, the impact was $2.3 million and $4.6 million, respectively. There was no impact on the total Company financial results.