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Business Segments
12 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Business Segments Business Segments
Summarized financial information related to the Company’s reportable segments at March 31, 2020, 2019 and 2018 and for each of the fiscal years then ended is shown below. 
 
 
Fiscal year ended March 31,
 
 
2020
 
2019
 
2018
Net sales by segment to unaffiliated customers
 
 
 
 
 
 
Americas
 
$
2,082,290

 
$
1,690,912

 
$
1,429,888

EMEA
 
787,256

 
860,563

 
849,420

Asia
 
218,322

 
256,542

 
302,583

Total net sales
 
$
3,087,868

 
$
2,808,017

 
$
2,581,891

Net sales by product line
 
 
 
 
 
 
Reserve power
 
$
1,739,675

 
$
1,416,173

 
$
1,247,900

Motive power
 
1,348,193

 
1,391,844

 
1,333,991

Total net sales
 
$
3,087,868

 
$
2,808,017

 
$
2,581,891

Intersegment sales
 
 
 
 
 
 
Americas
 
$
46,299

 
$
28,753

 
$
29,513

EMEA
 
148,773

 
123,274

 
133,164

Asia
 
21,053

 
34,531

 
23,375

Total intersegment sales(1)
 
$
216,125

 
$
186,558

 
$
186,052

Operating earnings by segment
 
 
 
 
 
 
Americas
 
$
206,908

 
$
186,814

 
$
189,466

EMEA
 
50,168

 
71,963

 
77,671

Asia
 
1

 
3,213

 
12,647

Inventory step up to fair value relating to acquisitions - Americas
 
(1,854
)
 
(7,263
)
 

Inventory adjustment relating to exit activities - Americas
 

 

 
(3,457
)
Inventory adjustment relating to exit activities - EMEA
 

 
(2,590
)
 

Inventory adjustment relating to exit activities - Asia
 

 
(526
)
 

Restructuring charges - Americas
 
(2,586
)
 
(4,066
)
 
(1,246
)
Restructuring and other exit charges - EMEA
 
(11,315
)
 
(26,989
)
 
(4,023
)
Restructuring charges - Asia
 
(1,424
)
 
(3,654
)
 
(212
)
Impairment of indefinite-lived intangibles - EMEA
 
(4,549
)
 

 

Impairment of goodwill - Asia
 
(39,713
)
 

 

Fixed asset write-off relating to exit activities and other - Americas
 
(5,441
)
 

 

Legal proceedings charge, net - EMEA
 

 
(4,437
)
 

Total operating earnings(2)
 
$
190,195

 
$
212,465

 
$
270,846

Property, plant and equipment, net
 
 
 
 
 
 
Americas
 
$
325,435

 
$
257,559

 
$
210,998

EMEA
 
104,909

 
94,932

 
118,263

Asia
 
49,670

 
56,948

 
60,999

Total
 
$
480,014

 
$
409,439

 
$
390,260

Capital Expenditures
 
 
 
 
 
 
Americas
 
$
74,931

 
$
45,029

 
$
46,905

EMEA
 
23,788

 
18,972

 
18,392

Asia
 
2,706

 
6,371

 
4,535

Total
 
$
101,425

 
$
70,372

 
$
69,832

Depreciation and Amortization
 
 
 
 
 
 
Americas
 
$
65,711

 
$
40,675

 
$
30,421

EMEA
 
14,291

 
15,128

 
16,198

Asia
 
7,342

 
7,545

 
7,698

Total
 
$
87,344

 
$
63,348

 
$
54,317

 
(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 58.1%, 48.5% and 49.2% for fiscal years ended March 31, 2020, 2019 and 2018, respectively. Property, plant and equipment, net, attributable to the United States as of March 31, 2020 and 2019, were $277,358 and $202,985, 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.