Segments (Tables)

9 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Schedule of Selected Financial Information for Each Reportable Segment and Reconciliation of EBITDAP to Operating Income

Selected financial information for each reportable segment is as follows:

	Three Months Ended December 31, 2020
	Total			Corporate & Eliminations			Systems & Support			Aerospace Structures
Net sales to external customers	$	425,994		$	—		$	263,638		$	162,356
Intersegment sales (eliminated in consolidation)		—			(536	)		482			54
Segment profit and reconciliation to consolidated income before income taxes:
Adjusted EBITDAP		61,407			—			46,746			14,661
Reconciliation of segment profit to income (loss) before income taxes
Depreciation and amortization		(22,119	)		(989	)		(8,353	)		(12,777	)
Interest expense and other, net		(44,881	)
Corporate expenses		(8,483	)
Share-based compensation expense		(3,679	)
Loss on sale of assets and businesses		(45,273	)
Amortization of acquired contract liabilities		6,867
Non-service defined benefit income		12,432
Impairment of rotable inventory		(23,689	)
Loss before income taxes		(67,418	)
Total capital expenditures	$	6,184		$	158		$	2,308		$	3,718
Total assets	$	2,401,922		$	451,824		$	1,463,017		$	487,081

	Three Months Ended December 31, 2019 (1)
	Total			Corporate & Eliminations			Systems & Support			Aerospace Structures
Net sales to external customers	$	704,666		$	—		$	337,207		$	367,459
Intersegment sales (eliminated in consolidation)		—			(3,230	)		1,717			1,513
Segment profit and reconciliation to consolidated income before income taxes:
Adjusted EBITDAP		89,272			—			57,132			32,140
Reconciliation of segment profit to income (loss) before income taxes
Depreciation and amortization		(29,843	)		(847	)		(8,075	)		(20,921	)
Interest expense and other, net		(33,178	)
Corporate expenses		(13,848	)
Share-based compensation expense		(2,955	)
Loss on sale of assets and businesses		(60,019	)
Amortization of acquired contract liabilities		16,597
Non-service defined benefit income		14,799
Union represented employee incentives		(1,400	)
Legal judgment gain, net		3,857
Loss before income taxes		(16,718	)
Total capital expenditures	$	10,255		$	416		$	3,929		$	5,910

	Nine Months Ended December 31, 2020
	Total			Corporate & Eliminations			Systems & Support			Aerospace Structures
Net sales to external customers	$	1,402,886		$	—		$	755,290		$	647,596
Intersegment sales (eliminated in consolidation)		—			(4,357	)		2,888			1,469
Segment profit and reconciliation to consolidated income before income taxes:
Adjusted EBITDAP		131,067			—			110,983			20,084
Reconciliation of segment profit to income (loss) before income taxes
Depreciation and amortization		(72,819	)		(2,652	)		(24,830	)		(45,337	)
Interest expense and other, net		(132,344	)
Corporate expenses		(42,027	)
Share-based compensation expense		(9,086	)
Loss on sale of assets and businesses		(46,020	)
Amortization of acquired contract liabilities		35,017
Non-service defined benefit income		37,275
Impairment of rotable inventory		(23,689	)
Impairment of long-lived assets		(252,382	)
Loss before income taxes		(375,008	)
Total capital expenditures	$	18,988		$	801		$	11,819		$	6,368

	Nine Months Ended December 31, 2019 (1)
	Total			Corporate & Eliminations			Systems & Support			Aerospace Structures
Net sales to external customers	$	2,207,007		$	—		$	1,001,384		$	1,205,623
Intersegment sales (eliminated in consolidation)		—			(9,224	)		4,118			5,106
Segment profit and reconciliation to consolidated income before income taxes:
Adjusted EBITDAP		250,126			—			162,008			88,118
Reconciliation of segment profit to income (loss) before income taxes
Depreciation and amortization		(104,112	)		(2,533	)		(24,314	)		(77,265	)
Interest expense and other, net		(96,069	)
Corporate expenses		(42,709	)
Share-based compensation expense		(8,245	)
Loss on sale of assets and businesses		(55,190	)
Amortization of acquired contract liabilities		56,153
Non-service defined benefit income		56,025
Union represented employee incentives		(7,071	)
Legal judgment gain, net		9,257
Income before income taxes		58,165
Total capital expenditures	$	27,250		$	980		$	12,355		$	13,915

(1) As adjusted; refer to Note 1.