Business Segment Information

12 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Business Segment Reporting

Business Segment Information

ASC Topic 280, “Segment Reporting,” establishes the standards for reporting information about operating segments in financial statements. The Company has one operating and reportable segment for both internal and external reporting purposes.

Financial information relating to the Company’s operations by geographic area is as follows:

	Year Ended March 31,
	2022		2021		2020
Net sales:
United States	$	548,620	$	348,986	$	450,242
Germany	188,134		164,380		175,492
Europe, Middle East, and Africa (Excluding Germany)	108,678		90,415		121,600
Canada	16,719		15,443		21,984
Asia Pacific	17,680		13,829		14,193
Latin America	26,724		16,589		25,651
Total	$	906,555	$	649,642	$	809,162

Note: Net sales to external customers are attributed to geographic areas based upon the location from which the product was shipped from the Company to the customer.

	Year Ended March 31,
	2022		2021		2020
Total assets:
United States	$	1,105,956	$	540,184	$	518,914
Germany	422,671		435,638		438,210
Europe, Middle East, and Africa (Excluding Germany)	85,678		125,262		86,638
Canada	15,651		8,647		9,979
Asia Pacific	18,575		19,326		20,314
Latin America	37,176		21,375		19,217
Total	$	1,685,707	$	1,150,432	$	1,093,272

	Year Ended March 31,
	2022		2021		2020
Long-lived assets:
United States	$	811,276	$	269,061	$	272,816
Germany	312,288		336,606		327,420
Europe, Middle East, and Africa (Excluding Germany)	7,416		8,359		9,561
Canada	1,446		1,395		1,192
Asia Pacific	2,574		2,235		4,928
Latin America	2,563		1,635		1,197
Total	$	1,137,563	$	619,291	$	617,114

Note: Long-lived assets include net property, plant, and equipment, goodwill, and other intangibles, net.

Sales by major product group are as follows:	Year Ended March 31,
	2022		2021		2020
Hoists	$	432,524	$	394,682	$	492,126
High Precision Conveyors	144,587		—		—
Chain and rigging tools	83,461		47,557		68,666
Industrial cranes	43,482		37,025		44,149
Actuators and rotary unions	84,999		75,458		77,957
Digital power control and delivery systems	98,445		74,943		100,658
Elevator application drive systems	19,057		19,977		25,606
Total	$	906,555	$	649,642	$	809,162