Restructuring And Impairments, Net

6 Months Ended

Sep. 30, 2011

Restructuring And Impairments, Net [Abstract]

RESTRUCTURING AND IMPAIRMENTS, NET

(13) RESTRUCTURING AND IMPAIRMENTS, NET

During the first six months of fiscal 2012, the Company has continued to implement operational changes to streamline and rationalize its structure in an effort to simplify the organization and eliminate redundant and/or unnecessary costs.

     Summarized restructuring reserve activity:

										Asset Sale and
	Severance						Total			Impairments
	Costs			Closure Costs			Restructuring			(gain) loss		Total Expenses
	(In thousands)
Balance at March 31, 2011	$	18,732		$	4,607		$	23,339
Expenses		1,133			21			1,154		$	423	$	1,577
Payments and Currency Translation		(6,881	)		(3,036	)		(9,917	)
Balance at September 30, 2011	$	12,984		$	1,592		$	14,576

     Remaining expenditures principally represent (i) severance and related benefits payable per employee agreements and/or regulatory requirements, (ii) lease commitments for certain closed facilities, branches and offices, as well as leases for excess and permanently idle equipment payable in accordance with contractual terms, and (iii) certain other closure costs including dismantlement and costs associated with removal obligations incurred in connection with the exit of facilities.

     Summarized restructuring and asset sale and impairment expenses by segment:

	For the Three Months Ended					For the Six Months Ended
	September 30, 2011			September 30, 2010		September 30, 2011			September 30, 2010
	(In thousands)
Transportation Americas	$	542		$	354	$	623		$	1,822
Transportation Europe & ROW		(552	)		2,036		(453	)		2,336
Industrial Energy Americas		169			138		346			199
Industrial Energy Europe & ROW		744			2,426		683			8,488
Unallocated corporate		378			285		378			599
TOTAL	$	1,281		$	5,239	$	1,577		$	13,444