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Segment Information (Tables)
3 Months Ended
Jun. 30, 2012
Segment Information [Abstract]  
Net sales, gross profit, earnings (loss) from continuing operations before income taxes and total assets by segment:
The following is a summary of net sales, gross profit, earnings from continuing operations before income taxes and total assets by segment:
 
 
 
Three months ended June 30
 
 
 
2012
 
 
2011
 
Sales :
 
 
 
 
Original Equipment - Asia
 
$
15,791
 
 
$
21,265
 
Original Equipment - Europe
 
 
125,448
 
 
 
166,842
 
Original Equipment - North America
 
 
153,626
 
 
 
156,635
 
South America
 
 
31,151
 
 
 
47,921
 
Commercial Products
 
 
30,141
 
 
 
34,148
 
Segment sales
 
 
356,157
 
 
 
426,811
 
Corporate and administrative
 
 
179
 
 
 
103
 
Eliminations
 
 
(5,960
)
 
 
(9,051
)
Sales from continuing operations
 
$
350,376
 
 
$
417,863
 
 
 
Three months ended June 30
 
 
2012
 
 
2011
 
Gross profit:
 
% of sales
 
 
% of sales
 
Original Equipment - Asia
 
$
417
 
 
 
2.6
%
 
$
3,086
 
 
 
14.5
%
Original Equipment - Europe
 
 
14,708
 
 
 
11.7
%
 
 
25,394
 
 
 
15.2
%
Original Equipment - North America
 
 
23,602
 
 
 
15.4
%
 
 
22,612
 
 
 
14.4
%
South America
 
 
4,736
 
 
 
15.2
%
 
 
8,992
 
 
 
18.8
%
Commercial Products
 
 
7,897
 
 
 
26.2
%
 
 
9,529
 
 
 
27.9
%
Segment gross profit
 
 
51,360
 
 
 
14.4
%
 
 
69,613
 
 
 
16.3
%
Corporate and administrative
 
 
180
 
 
 
-
 
 
 
169
 
 
 
-
 
Eliminations
 
 
45
 
 
 
-
 
 
 
20
 
 
 
-
 
Gross profit
 
$
51,585
 
 
 
14.7
%
 
$
69,802
 
 
 
16.7
%

Operating (loss) earnings:
 
 
 
 
 
 
Original Equipment - Asia
 
$
(2,262
)
 
$
813
 
Original Equipment - Europe
 
 
(186
)
 
 
11,607
 
Original Equipment - North America
 
 
13,848
 
 
 
10,819
 
South America
 
 
707
 
 
 
3,190
 
Commercial Products
 
 
999
 
 
 
3,371
 
Segment earnings
 
 
13,106
 
 
 
29,800
 
Corporate and administrative
 
 
(9,257
)
 
 
(9,592
)
Eliminations
 
 
22
 
 
 
50
 
Other items not allocated to segments
 
 
(2,873
)
 
 
(2,651
)
Earnings from continuing operations before income taxes
 
$
998
 
 
$
17,607
 

 
June 30, 2012
 
 
March 31, 2012
 
Assets:
 
 
 
 
 
 
Original Equipment - Asia
 
$
94,782
 
 
$
102,567
 
Original Equipment - Europe
 
 
346,661
 
 
 
370,824
 
Original Equipment - North America
 
 
233,779
 
 
 
230,405
 
South America
 
 
88,573
 
 
 
96,588
 
Commercial Products
 
 
73,376
 
 
 
68,900
 
Corporate and administrative
 
 
44,175
 
 
 
40,557
 
Assets held for sale
 
 
2,450
 
 
 
2,450
 
Eliminations
 
 
(15,300
)
 
 
(18,830
)
Total assets
 
$
868,496
 
 
$
893,461