XML 59 R36.htm IDEA: XBRL DOCUMENT v3.22.1
Revenue Recognition (Tables)
 12 Months Ended
Mar. 31, 2022
Revenue from Contract with Customer [Abstract]  
Accounts Receivable, Allowance for Credit Loss
The following table illustrates the balance and related activity for the allowance for doubtful accounts that is deducted from accounts receivable to present the net amount expected to be collected in the year ending March 31, 2022 and March 31, 2021 (in thousands):
Allowance for doubtful accountsMarch 31, 2022March 31, 2021
April 1, beginning balance$5,686 $5,056 
Bad debt expense1,929 2,411 
Less uncollectible accounts written off, net of recoveries(1,955)(1,973)
Allowance recorded from acquisitions227 — 
Other (1)(170)192 
March 31, ending balance$5,717 $5,686 
(1) Other includes the impact of foreign currency translation
Contract with Customer, Asset and Liability [Table Text Block]
The following table illustrates the balance and related activity for customer advances in fiscal 2022 and 2021 (in thousands):
Customer advances (contract liabilities)
March 31,
20222021
Beginning balance$15,373 $10,796 
Additional customer advances received51,850 35,815 
Revenue recognized from customer advances included in the beginning balance (15,373)(10,796)
Other revenue recognized from customer advances(43,569)(21,177)
Customer advances recorded from Dorner and Garvey acquisitions14,750 — 
Other (1)(578)735 
Ending balance$22,453 $15,373 
    
    (1) Other includes the impact of foreign currency translation
Disaggregation of Revenue [Table Text Block] The following table illustrates the disaggregation of revenue by product grouping for the years ending March 31, 2022 and 2021 (in thousands):
Twelve Months EndedTwelve Months Ended
Net Sales by Product GroupingMarch 31, 2022March 31, 2021
Industrial Products$334,866 $271,414 
Crane Solutions339,400 298,135 
Precision Conveyors Products144,587 — 
Engineered Products87,604 79,989 
All other98 104 
Total$906,555 $649,642