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Segment Information (Tables)
 9 Months Ended
Dec. 31, 2020
Segment Information [Abstract]  
Net Sales, Gross Profit, Operating Income and Total Assets by Segment
The following is a summary of net sales, gross profit, operating income, and total assets by segment:

  
Three months ended December 31,
  
   
2020
    
2019
  
   
External
Sales
    
Inter-segment
Sales
    
Total
    
External
Sales
    
Inter-segment
Sales
    
Total
  
Net sales:
                                    
CIS
  
$
128.3
    
$
0.7
    
$
129.0
    
$
146.3
    
$
1.2
    
$
147.5
  
BHVAC
    
68.7
      
-
      
68.7
      
64.3
      
0.6
      
64.9
  
HDE
    
173.7
      
11.9
      
185.6
      
152.8
      
12.1
      
164.9
  
Automotive
    
113.6
      
0.3
      
113.9
      
110.0
      
0.5
      
110.5
  
Segment total
    
484.3
      
12.9
      
497.2
      
473.4
      
14.4
      
487.8
  
Corporate and eliminations
    
-
      
(12.9
)
    
(12.9
)
    
-
      
(14.4
)
    
(14.4
)
Net sales
  
$
484.3
    
$
-
    
$
484.3
    
$
473.4
    
$
-
    
$
473.4
  

 
Nine months ended December 31,
  
   
2020
    
2019
  
   
External
Sales
    
Inter-segment
Sales
    
Total
    
External
Sales
    
Inter-segment
Sales
    
Total
  
Net sales:
                                    
CIS
  
$
382.8
    
$
2.8
    
$
385.6
    
$
469.9
    
$
3.1
    
$
473.0
  
BHVAC
    
178.0
      
0.2
      
178.2
      
168.5
      
1.4
      
169.9
  
HDE
    
449.6
      
25.1
      
474.7
      
526.4
      
42.1
      
568.5
  
Automotive
    
283.1
      
2.8
      
285.9
      
337.8
      
2.0
      
339.8
  
Segment total
    
1,293.5
      
30.9
      
1,324.4
      
1,502.6
      
48.6
      
1,551.2
  
Corporate and eliminations
    
-
      
(30.9
)
    
(30.9
)
    
-
      
(48.6
)
    
(48.6
)
Net sales
  
$
1,293.5
    
$
-
    
$
1,293.5
    
$
1,502.6
    
$
-
    
$
1,502.6
  

 
Three months ended December 31,
    
Nine months ended December 31,
  
   
2020
    
2019
    
2020
    
2019
  
   
$'s
    
% of sales
    
$'s
    
% of sales
    
$'s
    
% of sales
    
$'s
    
% of sales
  
Gross profit:
                                                
CIS
  
$
12.6
      
9.8
%
  
$
22.7
      
15.4
%
  
$
47.4
      
12.3
%
  
$
69.9
      
14.8
%
BHVAC
    
25.7
      
37.3
%
    
23.1
      
35.5
%
    
61.9
      
34.7
%
    
54.5
      
32.1
%
HDE
    
26.0
      
14.0
%
    
16.8
      
10.2
%
    
60.9
      
12.8
%
    
71.7
      
12.6
%
Automotive
    
18.4
      
16.1
%
    
12.2
      
11.0
%
    
39.8
      
13.9
%
    
37.7
      
11.1
%
Segment total
    
82.7
      
16.6
%
    
74.8
      
15.3
%
    
210.0
      
15.9
%
    
233.8
      
15.1
%
Corporate and eliminations
    
-
      
-
      
(1.3
)
    
-
      
(0.4
)
    
-
      
(1.2
)
    
-
  
Gross profit
  
$
82.7
      
17.1
%
  
$
73.5
      
15.5
%
  
$
209.6
      
16.2
%
  
$
232.6
      
15.5
%


 
Three months ended December 31,
    
Nine months ended December 31,
  
   
2020
    
2019
    
2020
    
2019
  
Operating income:
                        
CIS
  
$
(1.7
)
  
$
8.3
    
$
3.9
    
$
25.8
  
BHVAC
    
15.8
      
13.5
      
36.0
      
27.6
  
HDE
    
12.8
      
2.8
      
23.6
      
27.2
  
Automotive
    
(124.9
)
    
1.6
      
(120.7
)
    
2.0
  
Segment total
    
(98.0
)
    
26.2
      
(57.2
)
    
82.6
  
Corporate and eliminations
    
(10.7
)
    
(18.0
)
    
(26.2
)
    
(50.3
)
Operating (loss) income
  
$
(108.7
)
  
$
8.2
    
$
(83.4
)
  
$
32.3
  

 
December 31, 2020
    
March 31, 2020
  
Total assets:
            
CIS
  
$
601.8
    
$
617.7
  
BHVAC
    
106.7
      
102.3
  
HDE
    
428.3
      
417.4
  
Automotive (a)
    
161.2
      
272.5
  
Corporate and eliminations (b)
    
8.7
      
126.2
  
Total assets
  
$
1,306.7
    
$
1,536.1
  
(a)
During the third quarter of fiscal 2021, the Company recorded impairment charges totaling $134.4 million within the Automotive segment, primarily related to the property, plant and equipment of the liquid-cooled automotive business, the sale of which is pending.  See Note 2 for additional information.
(b)
During the nine months ended December 31, 2020, the Company recorded income tax charges totaling $109.9 million to increase the valuation allowance on deferred tax assets in the U.S, which are recorded at Corporate.  See Note 9 for additional information.