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Segment Information
 6 Months Ended
Sep. 30, 2018
Segment Information [Abstract]  
Segment Information
Note 18: Segment Information

Effective April 1, 2018, the Company formed the VTS segment by combining its Americas, Europe, and Asia operations to enable it to operate as a more global, product-based organization. As part of this segment combination and its CIS integration activities, the Company also merged its Americas coils business into the CIS segment and expects to achieve operational improvements and organizational efficiencies as a result.  The Company began reporting financial results for its new segments beginning in fiscal 2019. Segment financial information for fiscal 2018 has been recast to conform to the fiscal 2019 presentation.

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

  
Three months ended September 30,
 
  
2018
  
2017
 
  
External Sales
  
Inter-segment
Sales
  
Total
  
External Sales
  
Inter-segment
Sales
  
Total
 
Net sales:
                  
Vehicular Thermal Solutions
 
$
321.5
  
$
14.1
  
$
335.6
  
$
296.4
  
$
14.2
  
$
310.6
 
Commercial and Industrial Solutions
  
177.4
   
0.8
   
178.2
   
163.6
   
0.2
   
163.8
 
Building HVAC Systems
  
50.0
   
0.7
   
50.7
   
48.3
   
0.5
   
48.8
 
Segment total
  
548.9
   
15.6
   
564.5
   
508.3
   
14.9
   
523.2
 
Corporate and eliminations
  
-
   
(15.6
)
  
(15.6
)
  
-
   
(14.9
)
  
(14.9
)
Net sales
 
$
548.9
  
$
-
  
$
548.9
  
$
508.3
  
$
-
  
$
508.3
 


  
Six months ended September 30,
 
  
2018
  
2017
 
  
External Sales
  
Inter-segment
Sales
  
Total
  
External Sales
  
Inter-segment
Sales
  
Total
 
Net sales:
                  
Vehicular Thermal Solutions
 
$
659.8
  
$
28.6
  
$
688.4
  
$
597.8
  
$
28.1
  
$
625.9
 
Commercial and Industrial Solutions
  
360.9
   
1.2
   
362.1
   
334.7
   
0.5
   
335.2
 
Building HVAC Systems
  
94.3
   
1.4
   
95.7
   
91.3
   
0.5
   
91.8
 
Segment total
  
1,115.0
   
31.2
   
1,146.2
   
1,023.8
   
29.1
   
1,052.9
 
Corporate and eliminations
  
-
   
(31.2
)
  
(31.2
)
  
-
   
(29.1
)
  
(29.1
)
Net sales
 
$
1,115.0
  
$
-
  
$
1,115.0
  
$
1,023.8
  
$
-
  
$
1,023.8
 

  
Three months ended September 30,
  
Six months ended September 30,
 
  
2018
  
2017
  
2018
  
2017
 
  
$'s
  
% of
sales
  
$'s
  
% of
sales
  
$'s
  
% of
sales
  
$'s
  
% of
sales
 
Gross profit:
                        
Vehicular Thermal Solutions
 
$
44.6
   
13.3
%
 
$
47.1
   
15.2
%
 
$
98.6
   
14.3
%
 
$
97.9
   
15.6
%
Commercial and Industrial Solutions
  
28.3
   
15.9
%
  
24.0
   
14.7
%
  
56.9
   
15.7
%
  
50.7
   
15.1
%
Building HVAC Systems
  
15.0
   
29.5
%
  
14.9
   
30.5
%
  
26.6
   
27.8
%
  
26.0
   
28.3
%
Segment total
  
87.9
   
15.6
%
  
86.0
   
16.4
%
  
182.1
   
15.9
%
  
174.6
   
16.6
%
Corporate and eliminations
  
-
   
-
   
0.1
   
-
   
0.1
   
-
   
-
   
-
 
Gross profit
 
$
87.9
   
16.0
%
 
$
86.1
   
17.0
%
 
$
182.2
   
16.3
%
 
$
174.6
   
17.1
%

  
Three months ended September 30,
  
Six months ended September 30,
 
  
2018
  
2017
  
2018
  
2017
 
Operating income:
            
Vehicular Thermal Solutions
 
$
14.1
  
$
18.9
  
$
39.6
  
$
41.1
 
Commercial and Industrial Solutions
  
12.9
   
9.0
   
26.1
   
20.4
 
Building HVAC Systems
  
4.8
   
6.3
   
8.0
   
9.4
 
Segment total
  
31.8
   
34.2
   
73.7
   
70.9
 
Corporate and eliminations
  
(9.0
)
  
(10.7
)
  
(16.1
)
  
(19.8
)
Operating income
 
$
22.8
  
$
23.5
  
$
57.6
  
$
51.1
 

  
September 30, 2018
  
March 31, 2018
 
Total assets:
      
Vehicular Thermal Solutions
 
$
734.5
  
$
754.8
 
Commercial and Industrial Solutions
  
635.5
   
630.2
 
Building HVAC Systems
  
90.2
   
88.1
 
Corporate and eliminations
  
95.9
   
100.3
 
Total assets
 
$
1,556.1
  
$
1,573.4