Airedale Facility Fire	3 Months Ended
Jun. 30, 2014
Airedale Facility Fire [Abstract]
Airedale Facility Fire	Note 2: Airedale Facility Fire On September 6, 2013, a fire caused significant destruction to the Company’s Airedale manufacturing facility and offices in Rawdon (Leeds), United Kingdom. The Company reports Airedale’s financial results within the Building HVAC segment (previously known as Commercial Products). There were no injuries caused by the fire. The Rawdon facility, which was leased, was used to manufacture cooling products and solutions for a variety of applications, including data centers, clean rooms, retail, leisure and process cooling. The fire caused the Company to temporarily suspend manufacturing at the Rawdon site; however, the Company transferred its operations to temporary facilities and is planning to rebuild the leased facility. The Company expects construction of the new facility to begin during the second quarter of fiscal 2015. The Company maintains insurance coverage for damage to the leased facility, equipment, inventory, other assets, business interruption and lost profits, and recovery-related expenses caused by the fire. The Company believes that reimbursement from its insurance provider is probable for substantially all losses and costs directly attributable to the fire. During the first quarter of fiscal 2015, the Company recorded a $2.6 million gain from business interruption insurance within selling, general, and administrative expenses for fiscal 2014 lost profits. Since the date of the fire, the Company received cash advances of $37.6 million from its insurance provider for covered losses, written-off inventory of $4.7 million and equipment with a net book value of $1.4 million, and incurred costs directly attributable to the fire totaling $13.2 million. The Company has recorded these losses and costs, which totaled $19.3 million, in the same statement of operations line as the related insurance recovery during the period in which they were incurred. The terms of the Rawdon lease agreement obligate the Company to rebuild the damaged facility. Through June 30, 2014, the Company paid reconstruction costs of $1.8 million, primarily related to architectural plans and fees. The Company estimates the total cost of reconstruction to be approximately $59.0 million. The Company records costs incurred related to the reconstruction on the consolidated balance sheet as an asset, and also records a liability for the same amount. As of June 30, 2014, the liability to rebuild the facility was $59.0 million ($55.5 million within other current liabilities and $3.5 million within other noncurrent liabilities) and the total receivable from the Company’s insurance provider was $43.3 million ($41.6 million within other current assets and $1.7 million within other noncurrent assets). The $43.3 million receivable is comprised of $59.0 million of estimated rebuild costs, $19.3 million of losses and costs incurred, and $2.6 million for fiscal 2014 lost profits, partially offset by $37.6 million of insurance advances. As of March 31, 2014, the liability to rebuild the facility was $45.0 million ($37.0 million within other current liabilities and $8.0 million within other noncurrent liabilities) and the receivable from the Company’s insurance provider was $25.4 million ($18.4 million within other current assets and $7.0 million within other noncurrent assets). The Company increased its estimate of the cost to rebuild the Rawdon facility and the associated insurance receivable by $14.0 million ($59.0 million at June 30, 2014 from $45.0 million at March 31, 2014) due primarily to an increase in the estimated costs to prepare the site’s foundation based on results of recent soil and bedrock testing.

Note 2: Airedale Facility Fire

On September 6, 2013, a fire caused significant destruction to the Company’s Airedale manufacturing facility and offices in Rawdon (Leeds), United Kingdom. The Company reports Airedale’s financial results within the Building HVAC segment (previously known as Commercial Products). There were no injuries caused by the fire. The Rawdon facility, which was leased, was used to manufacture cooling products and solutions for a variety of applications, including data centers, clean rooms, retail, leisure and process cooling. The fire caused the Company to temporarily suspend manufacturing at the Rawdon site; however, the Company transferred its operations to temporary facilities and is planning to rebuild the leased facility. The Company expects construction of the new facility to begin during the second quarter of fiscal 2015.

The Company maintains insurance coverage for damage to the leased facility, equipment, inventory, other assets, business interruption and lost profits, and recovery-related expenses caused by the fire. The Company believes that reimbursement from its insurance provider is probable for substantially all losses and costs directly attributable to the fire. During the first quarter of fiscal 2015, the Company recorded a $2.6 million gain from business interruption insurance within selling, general, and administrative expenses for fiscal 2014 lost profits. Since the date of the fire, the Company received cash advances of $37.6 million from its insurance provider for covered losses, written-off inventory of $4.7 million and equipment with a net book value of $1.4 million, and incurred costs directly attributable to the fire totaling $13.2 million. The Company has recorded these losses and costs, which totaled $19.3 million, in the same statement of operations line as the related insurance recovery during the period in which they were incurred.

The terms of the Rawdon lease agreement obligate the Company to rebuild the damaged facility. Through June 30, 2014, the Company paid reconstruction costs of $1.8 million, primarily related to architectural plans and fees. The Company estimates the total cost of reconstruction to be approximately $59.0 million. The Company records costs incurred related to the reconstruction on the consolidated balance sheet as an asset, and also records a liability for the same amount. As of June 30, 2014, the liability to rebuild the facility was $59.0 million ($55.5 million within other current liabilities and $3.5 million within other noncurrent liabilities) and the total receivable from the Company’s insurance provider was $43.3 million ($41.6 million within other current assets and $1.7 million within other noncurrent assets). The $43.3 million receivable is comprised of $59.0 million of estimated rebuild costs, $19.3 million of losses and costs incurred, and $2.6 million for fiscal 2014 lost profits, partially offset by $37.6 million of insurance advances. As of March 31, 2014, the liability to rebuild the facility was $45.0 million ($37.0 million within other current liabilities and $8.0 million within other noncurrent liabilities) and the receivable from the Company’s insurance provider was $25.4 million ($18.4 million within other current assets and $7.0 million within other noncurrent assets). The Company increased its estimate of the cost to rebuild the Rawdon facility and the associated insurance receivable by $14.0 million ($59.0 million at June 30, 2014 from $45.0 million at March 31, 2014) due primarily to an increase in the estimated costs to prepare the site’s foundation based on results of recent soil and bedrock testing.