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Segment Information (Tables)
 9 Months Ended
Dec. 31, 2021
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,
  
   
2021
    
2020
  
   
External
Sales
    
Inter-segment
Sales
    
Total
    
External
Sales
    
Inter-segment
Sales
    
Total
  
Net sales:
                                    
BHVAC
  
$
90.3
    
$
0.3
    
$
90.6
    
$
73.5
    
$
0.2
    
$
73.7
  
CIS
    
146.9
      
1.7
      
148.6
      
123.5
      
1.4
      
124.9
  
HDE
    
193.3
      
7.5
      
200.8
      
173.7
      
11.9
      
185.6
  
Automotive
    
71.7
      
0.7
      
72.4
      
113.6
      
0.3
      
113.9
  
Segment total
    
502.2
      
10.2
      
512.4
      
484.3
      
13.8
      
498.1
  
Corporate and eliminations
    
-
      
(10.2
)
    
(10.2
)
    
-
      
(13.8
)
    
(13.8
)
Net sales
  
$
502.2
    
$
-
    
$
502.2
    
$
484.3
    
$
-
    
$
484.3
  

 
Nine months ended December 31,
  
   
2021
    
2020
  
   
External
Sales
    
Inter-segment
Sales
    
Total
    
External
Sales
    
Inter-segment
Sales
    
Total
  
Net sales:
                                    
BHVAC
  
$
233.1
    
$
1.6
    
$
234.7
    
$
195.6
    
$
0.7
    
$
196.3
  
CIS
    
450.3
      
5.9
      
456.2
      
365.2
      
4.4
      
369.6
  
HDE
    
571.0
      
27.4
      
598.4
      
449.6
      
25.1
      
474.7
  
Automotive
    
221.3
      
2.7
      
224.0
      
283.1
      
2.8
      
285.9
  
Segment total
    
1,475.7
      
37.6
      
1,513.3
      
1,293.5
      
33.0
      
1,326.5
  
Corporate and eliminations
    
-
      
(37.6
)
    
(37.6
)
    
-
      
(33.0
)
    
(33.0
)
Net sales
  
$
1,475.7
    
$
-
    
$
1,475.7
    
$
1,293.5
    
$
-
    
$
1,293.5
  

 
Three months ended December 31,
    
Nine months ended December 31,
  
   
2021
    
2020
    
2021
    
2020
  
   

$’s

 
% of sales
    

$’s

 
% of sales
    

$’s

 
% of sales
    

$’s

 
% of sales
  
Gross profit:
                                                        
BHVAC
  
$
27.4
      
30.3
%
  
$
25.4
      
34.5
%
  
$
65.2
      
27.8
%
  
$
64.5
      
32.9
%
CIS
    
17.7
      
11.9
%
    
12.9
      
10.3
%
    
56.8
      
12.5
%
    
44.8
      
12.1
%
HDE
    
22.2
      
11.1
%
    
26.0
      
14.0
%
    
63.1
      
10.5
%
    
60.9
      
12.8
%
Automotive
    
7.5
      
10.4
%
    
18.4
      
16.1
%
    
27.9
      
12.4
%
    
39.8
      
13.9
%
Segment total
    
74.8
      
14.6
%
    
82.7
      
16.6
%
    
213.0
      
14.1
%
    
210.0
      
15.8
%
Corporate and eliminations
    
(0.2
)
    
-
      
-
      
-
      
1.1
      
-
      
(0.4
)
    
-
  
Gross profit
  
$
74.6
      
14.9
%
  
$
82.7
      
17.1
%
  
$
214.1
      
14.5
%
  
$
209.6
      
16.2
%

 
Three months ended December 31,
    
Nine months ended December 31,
  
   
2021
    
2020
    
2021
    
2020
  
Operating income:
                        
BHVAC
  
$
14.4
    
$
14.9
    
$
30.1
    
$
35.6
  
CIS
    
3.4
      
(0.7
)
    
16.7
      
4.4
  
HDE
    
10.3
      
12.8
      
25.0
      
23.6
  
Automotive
    
55.0
      
(124.9
)
    
53.6
      
(120.7
)
Segment total
    
83.1
      
(97.9
)
    
125.4
      
(57.1
)
Corporate and eliminations
    
(3.7
)
    
(10.8
)
    
(26.8
)
    
(26.3
)
Operating income (loss)
  
$
79.4
    
$
(108.7
)
  
$
98.6
    
$
(83.4
)

 
December 31, 2021
    
March 31, 2021
  
Total assets:
            
BHVAC
  
$
213.6
    
$
181.1
  
CIS
    
520.7
      
540.1
  
HDE
    
473.7
      
438.7
  
Automotive
    
181.6
      
124.2
  
Corporate and eliminations (a)
    
(8.2
)
    
(7.4
)
Total assets
  
$
1,381.4
    
$
1,276.7
  
 
(a)
At December 31, 2021 and March 31, 2021, Corporate assets totaled $21.4 million and $17.5 million, respectively and were more than offset by eliminations for intercompany balances, including accounts receivable.