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Segments
12 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Segments SEGMENTS
During the quarter ended June 30, 2021, we revised our segment structure to align with how our chief operating decision maker (who was determined to be our Chief Executive Officer) views our business, assesses performance and allocates resources to our business components. Effective April 1, 2021, following the completion of various strategic transactions including the acquisition of TRUaire and the formation of the Whitmore JV, our business is organized into three reportable segments:
Contractor Solutions
Engineered Building Solutions; and
Specialized Reliability Solutions.

The following is a summary of the financial information of our reporting segments reconciled to the amounts reported in the consolidated financial statements (in thousands).

Year Ended March 31, 2022
(in thousands)Contractor SolutionsEngineered Building SolutionsSpecialized Reliability SolutionsSubtotal - Reportable SegmentsEliminations and OtherTotal
Revenues, net to external customers$413,207 $97,296 $115,932 $626,435 $— $626,435 
Intersegment revenue3,280 — 110 3,390 (3,390)— 
Operating income96,115 11,101 9,007 116,223 (18,843)97,380 
Depreciation and amortization27,879 2,063 6,016 35,958 450 36,408 

Year Ended March 31, 2021*
(in thousands)Contractor SolutionsEngineered Building SolutionsSpecialized Reliability SolutionsSubtotal - Reportable SegmentsEliminations and OtherTotal
Revenues, net to external customers$245,232 $95,672 $78,301 $419,205 $— $419,205 
Intersegment revenue296 — 64 360 (360)— 
Operating income59,007 14,066 581 73,654 (14,434)59,220 
Depreciation and amortization14,415 2,014 5,744 22,173 545 22,718 

Year Ended March 31, 2020*
(in thousands)Contractor SolutionsEngineered Building SolutionsSpecialized Reliability SolutionsSubtotal - Reportable SegmentsEliminations and OtherTotal
Revenues, net to external customers$190,421 $90,881 $104,569 $385,871 $— $385,871 
Intersegment revenue275 — 72 347 (347)— 
Operating income58,236 14,278 7,690 80,204 (14,350)65,854 
Depreciation and amortization5,887 2,074 6,181 14,142 494 14,636 
*Years ended March 31, 2021 and 2020 amounts have been adjusted to reflect the change in inventory accounting method, as described in Notes 1 and 7 to the Consolidated Financial Statements.

In the fiscal quarter ended March 31, 2020, we recorded an impairment of $1.0 million on one of our unamortized trademarks in our Contractor Solutions segment.
TOTAL ASSETS
(Amounts in thousands)Contractor SolutionsEngineered Building SolutionsSpecialized Reliability SolutionsSubtotal - Reportable SegmentsEliminations and OtherTotal
March 31, 2022$782,267 $74,397 $126,380 $983,044 $12,316 $995,360 
March 31, 2021*687,508 67,281 111,493 866,282 13,240 879,522 
March 31, 2020*161,508 68,752 118,927 349,187 24,872 374,059 
*Years ended March 31, 2021 and 2020 amounts have been adjusted to reflect the change in inventory accounting method, as described in Notes 1 and 7 to the Consolidated Financial Statements.

Geographic information – We attribute revenues to different geographic areas based on the destination of the product or service delivery. Long-lived assets are classified based on the geographic area in which the assets are located and exclude deferred taxes. No individual country, except for the U.S., accounted for more than 10% of consolidated net revenues or total long-lived assets.

Revenues and long-lived assets by geographic area are as follows (in thousands, except percent data):

Year Ended March 31,
202220212020
U.S.$559,296 89.3 %$367,169 87.6 %$323,000 83.7 %
Non-U.S. (a)67,139 10.7 %52,036 12.4 %62,871 16.3 %
Revenues, net$626,435 100.0 %$419,205 100.0 %$385,871 100.0 %
(a) No individual country within this group represents 10% or more of consolidated totals for any period presented.

Year Ended March 31,
202220212020
U.S.$651,477 93.7 %$617,258 93.5 %$196,679 89.7 %
Non-U.S.43,736 6.3 %43,146 6.5 %22,521 10.3 %
Long-lived assets (a)$695,213 100.0 %$660,404 100.0 %$219,200 100.0 %
(a) Long-lived assets consist primarily of property, plant and equipment, intangible assets, goodwill and other assets, net of deferred taxes.

Major customer information – We have a large number of customers across our locations and do not believe that we have sales to any individual customer that represented 10% or more of consolidated net revenues for any of the fiscal years presented.