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Segment Information
 9 Months Ended
Dec. 31, 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.  The Company also merged its Americas coils business into the CIS segment to accelerate operational improvements and organizational efficiencies.  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 December 31,
 
  
2018
  
2017
 
  
External Sales
  
Inter-segment
Sales
  
Total
  
External Sales
  
Inter-segment
Sales
  
Total
 
Net sales:
                  
Vehicular Thermal Solutions
 
$
311.5
  
$
11.8
  
$
323.3
  
$
298.6
  
$
14.4
  
$
313.0
 
Commercial and Industrial Solutions
  
166.1
   
0.9
   
167.0
   
158.7
   
0.3
   
159.0
 
Building HVAC Systems
  
63.4
   
0.8
   
64.2
   
55.4
   
0.7
   
56.1
 
Segment total
  
541.0
   
13.5
   
554.5
   
512.7
   
15.4
   
528.1
 
Corporate and eliminations
  
-
   
(13.5
)
  
(13.5
)
  
-
   
(15.4
)
  
(15.4
)
Net sales
 
$
541.0
  
$
-
  
$
541.0
  
$
512.7
  
$
-
  
$
512.7
 

  
Nine months ended December 31,
 
  
2018
  
2017
 
  
External Sales
  
Inter-segment
Sales
  
Total
  
External Sales
  
Inter-segment
Sales
  
Total
 
Net sales:
                  
Vehicular Thermal Solutions
 
$
971.3
  
$
40.4
  
$
1,011.7
  
$
896.4
  
$
42.5
  
$
938.9
 
Commercial and Industrial Solutions
  
527.0
   
2.1
   
529.1
   
493.4
   
0.8
   
494.2
 
Building HVAC Systems
  
157.7
   
2.2
   
159.9
   
146.7
   
1.2
   
147.9
 
Segment total
  
1,656.0
   
44.7
   
1,700.7
   
1,536.5
   
44.5
   
1,581.0
 
Corporate and eliminations
  
-
   
(44.7
)
  
(44.7
)
  
-
   
(44.5
)
  
(44.5
)
Net sales
 
$
1,656.0
  
$
-
  
$
1,656.0
  
$
1,536.5
  
$
-
  
$
1,536.5
 

  
Three months ended December 31,
  
Nine months ended December 31,
 
  
2018
  
2017
  
2018
  
2017
 
  
$'s
  
% of
sales
  
$'s
  
% of
sales
  
$'s
  
% of
sales
  
$'s
  
% of
sales
 
Gross profit:
                        
Vehicular Thermal Solutions
 
$
41.4
   
12.8
%
 
$
46.5
   
14.9
%
 
$
140.0
   
13.8
%
 
$
144.4
   
15.4
%
Commercial and Industrial Solutions
  
28.2
   
16.9
%
  
20.0
   
12.6
%
  
85.1
   
16.1
%
  
70.7
   
14.3
%
Building HVAC Systems
  
22.0
   
34.3
%
  
19.0
   
33.8
%
  
48.6
   
30.4
%
  
45.0
   
30.4
%
Segment total
  
91.6
   
16.5
%
  
85.5
   
16.2
%
  
273.7
   
16.1
%
  
260.1
   
16.5
%
Corporate and eliminations
  
0.1
   
-
   
(0.1
)
  
-
   
0.2
   
-
   
(0.1
)
  
-
 
Gross profit
 
$
91.7
   
16.9
%
 
$
85.4
   
16.7
%
 
$
273.9
   
16.5
%
 
$
260.0
   
16.9
%

  
Three months ended December 31,
  
Nine months ended December 31,
 
  
2018
  
2017
  
2018
  
2017
 
Operating income:
            
Vehicular Thermal Solutions
 
$
15.5
  
$
18.7
  
$
55.1
  
$
59.8
 
Commercial and Industrial Solutions
  
13.1
   
(3.9
)
  
39.2
   
16.5
 
Building HVAC Systems
  
13.0
   
9.2
   
21.0
   
18.6
 
Segment total
  
41.6
   
24.0
   
115.3
   
94.9
 
Corporate and eliminations
  
(8.0
)
  
(10.1
)
  
(24.1
)
  
(29.9
)
Operating income
 
$
33.6
  
$
13.9
  
$
91.2
  
$
65.0
 

  
December 31, 2018
  
March 31, 2018
 
Total assets:
      
Vehicular Thermal Solutions
 
$
711.4
  
$
754.8
 
Commercial and Industrial Solutions
  
617.2
   
630.2
 
Building HVAC Systems
  
89.2
   
88.1
 
Corporate and eliminations
  
94.9
   
100.3
 
Total assets
 
$
1,512.7
  
$
1,573.4