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Segment Information
3 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Segment Information Segment Information
We have three reportable segments: Water Treatment, Industrial, and Health and Nutrition. The accounting policies of the segments are the same as those described in the summary of significant accounting policies in our Annual Report on Form 10-K for the fiscal year ended March 31, 2024.
We evaluate performance based on profit or loss from operations before income taxes not including nonrecurring gains and losses. Reportable segments are defined primarily by product and type of customer. Segments are responsible for the sales, marketing and development of their products and services. We allocate certain corporate expenses to our operating segments. There are no intersegment sales and no operating segments have been aggregated. No single customer’s revenues amounted to 10% or more of our total revenue. Sales are primarily within the United States and all assets are located within the United States.
 
(In thousands)Water
Treatment
IndustrialHealth and NutritionTotal
Three months ended June 30, 2024:
Sales$117,176 $103,202 $35,501 $255,879 
Gross profit34,955 21,876 7,824 64,655 
Selling, general, and administrative expenses14,166 6,639 4,059 24,864 
Operating income20,789 15,237 3,765 39,791 
Three months ended July 2, 2023:
Sales$93,651 $120,873 $36,596 $251,120 
Gross profit26,408 19,306 6,277 51,991 
Selling, general, and administrative expenses9,126 6,575 3,803 19,504 
Operating income 17,282 12,731 2,474 32,487 

No significant changes to identifiable assets by segment occurred during the three months ended June 30, 2024.