Business Segments

12 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

Business Segments

Business Segments

Summarized financial information related to the Company’s reportable segments at March 31, 2014, 2013 and 2012 and for each of the fiscal years then ended is shown below.

	Fiscal year ended March 31,
	2014			2013			2012
Net sales by segment to unaffiliated customers
Americas	$	1,267,598		$	1,126,904		$	1,082,747
EMEA	966,152			926,165			995,431
Asia	240,683			224,490			205,191
Total net sales	$	2,474,433		$	2,277,559		$	2,283,369
Net sales by product line
Reserve power	$	1,234,538		$	1,118,965		$	1,092,734
Motive power	1,239,895			1,158,594			1,190,635
Total net sales	$	2,474,433		$	2,277,559		$	2,283,369
Intersegment sales
Americas	$	33,951		$	36,854		$	38,115
EMEA	77,549			76,947			75,652
Asia	29,428			31,246			21,182
Total intersegment sales(1)	$	140,928		$	145,047		$	134,949
Operating earnings
Americas	$	179,080		$	171,854		$	138,894
EMEA	84,902			64,032			63,872
Asia	21,217			21,146			12,133
Restructuring and other exit charges—EMEA	(27,078		)	(4,473		)	(4,988		)
Restructuring charges—Asia	(248		)	(2,691		)	—
Legal proceedings charge—Americas	(58,184		)	—			—
Legal proceedings settlement income—EMEA	—			—			900
Goodwill impairment charge—Asia	(5,179		)	—			—
Total operating earnings(2)	$	194,510		$	249,868		$	210,811
Property, plant and equipment, net
Americas	$	155,988		$	152,678		$	144,701
EMEA	145,308			152,577			161,854
Asia	68,870			44,871			46,660
Total	$	370,166		$	350,126		$	353,215
Capital Expenditures
Americas	$	24,641		$	29,566		$	20,862
EMEA	14,871			20,761			21,631
Asia	22,483			4,959			6,450
Total	$	61,995		$	55,286		$	48,943
Depreciation and Amortization
Americas	$	26,596		$	23,073		$	21,466
EMEA	22,708			22,255			25,451
Asia	4,668			5,174			3,443
Total	$	53,972		$	50,502		$	50,360

(1) Intersegment sales are presented on a cost-plus basis which takes into consideration the effect of transfer prices between legal entities.

(2) The Company does not allocate interest expense or other (income) expense, net to the reportable segments.

The Company markets its products and services in over 100 countries. Sales are attributed to countries based on the location of sales order approval and acceptance. Sales to customers in the United States were 44.0%, 43.0% and 42.6% for fiscal years ended March 31, 2014, 2013 and 2012, respectively. Property, plant and equipment, net, attributable to the United States as of March 31, 2014 and 2013, were $128,712 and $127,191, respectively. No single country, outside the United States, accounted for more than 10% of the consolidated net sales or net property, plant and equipment and therefore was deemed not material for separate disclosure.