XML 36 R26.htm IDEA: XBRL DOCUMENT v3.22.2.2
SEGMENTS
 6 Months Ended
Sep. 30, 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
•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).

Three Months Ended September 30, 2022:
(in thousands)Contractor SolutionsEngineered Building SolutionsSpecialized Reliability SolutionsSubtotal - Reportable SegmentsEliminations and OtherTotal
Revenues, net to external customers$128,487 $25,845 $36,860 $191,192 $— $191,192 
Intersegment revenue1,817 — 28 1,845 (1,845)— 
Operating income32,298 3,501 4,640 40,439 (5,122)35,317 
Three Months Ended September 30, 2021*:
(in thousands)Contractor SolutionsEngineered Building SolutionsSpecialized Reliability SolutionsSubtotal - Reportable SegmentsEliminations and OtherTotal
Revenues, net to external customers$103,317 $23,835 $28,433 $155,585 $— $155,585 
Intersegment revenue29 — 25 54 (54)— 
Operating income26,753 2,334 1,208 30,295 (4,203)26,092 

Six months ended September 30, 2022:
(in thousands)Contractor SolutionsEngineered Building SolutionsSpecialized Reliability SolutionsSubtotal - Reportable SegmentsEliminations and OtherTotal
Revenues, net to external customers$264,206 $54,359 $72,561 $391,126 $— $391,126 
Intersegment revenue3,726 — 63 3,789 (3,789)— 
Operating income68,587 7,915 9,737 86,239 (10,049)76,190 

Six months ended September 30, 2021*:
(in thousands)Contractor SolutionsEngineered Building SolutionsSpecialized Reliability SolutionsSubtotal - Reportable SegmentsEliminations and OtherTotal
Revenues, net to external customers$213,533 $49,484 $53,833 $316,850 $— $316,850 
Intersegment revenue55 — 72 127 (127)— 
Operating income56,265 6,188 1,906 64,359 (9,365)54,994 

*Prior period has been adjusted to reflect the change in inventory accounting method, as described in the Company's fiscal 2022 Annual Report on Form 10-K.