Segment Information

9 Months Ended

Dec. 31, 2012

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

The Company reports its results in four business segments: Transportation Americas, Transportation Europe and Rest of World (“ROW”), Industrial Energy Americas and Industrial Energy Europe and ROW. The Company is a global producer and recycler of lead-acid batteries. The Company’s four business segments provide a comprehensive range of stored electrical energy products and services for transportation and industrial applications.

Transportation markets include original-equipment and aftermarket batteries for cars, trucks, off-road vehicles, agricultural and construction vehicles, motorcycles, recreational vehicles, marine, and other applications. Industrial markets include batteries for motive power and network power applications. Motive power batteries are used in the materials handling industry for electric forklift trucks, and in other industries, including floor cleaning machinery, powered wheelchairs, railroad locomotives, mining and the electric road vehicles market. Network power batteries are used for backup power for use with telecommunications systems, computer installations, hospitals, air traffic control, security systems, utility, railway and military applications.

The Company’s four reportable segments are determined based upon the nature of the markets served and the geographic regions in which they operate. The Company’s chief operating decision-maker monitors and manages the financial performance of these four business groups. Costs of certain shared services and other corporate costs are not allocated or charged to the business groups.

Selected financial information concerning the Company’s reportable segments is as follows:

	For the Three Months Ended						For the Nine Months Ended
	December 31, 2012			December 31, 2011			December 31, 2012			December 31, 2011
	(In thousands)
Net sales
Transportation Americas	$	231,183		$	234,487		$	659,362		$	676,521
Transportation Europe & ROW	282,653			269,104			687,916			743,802
Industrial Energy Americas	85,533			75,973			271,084			255,512
Industrial Energy Europe & ROW	205,510			204,487			591,647			626,264
	$	804,879		$	784,051		$	2,210,009		$	2,302,099
Operating income (loss)
Transportation Americas	$	2,864		$	3,021		$	(12,148	)	$	(716	)
Transportation Europe & ROW	8,611			19,451			17,609			38,300
Industrial Energy Americas	7,703			11,578			21,220			32,486
Industrial Energy Europe & ROW	9,039			5,777			23,827			19,442
Unallocated corporate	(7,715		)	(9,498		)	(21,492		)	(22,796		)
	20,502			30,329			29,016			66,716
Less: restructuring and impairments, net (a)	15,776			2,145			16,400			3,722
Total operating income	$	4,726		$	28,184		$	12,616		$	62,994
Depreciation and Amortization
Transportation Americas	$	7,007		$	7,120		$	20,930		$	20,859
Transportation Europe & ROW	4,680			4,471			13,979			14,570
Industrial Energy Americas	2,799			2,830			8,070			8,902
Industrial Energy Europe & ROW	3,886			5,160			12,674			15,887
Unallocated corporate	1,060			1,124			3,220			3,772
	$	19,432		$	20,705		$	58,873		$	63,990
Capital expenditures
Transportation Americas	$	7,873		$	8,449		$	27,894		$	26,915
Transportation Europe & ROW	11,487			8,106			27,442			23,165
Industrial Energy Americas	2,287			1,238			8,275			5,347
Industrial Energy Europe & ROW	3,301			4,540			7,941			9,807
Unallocated corporate	268			6,405			3,286			6,697
	$	25,216		$	28,738		$	74,838		$	71,931

(a) See Note 13 for detail by segment.