Segment Information (Tables)

6 Months Ended

Sep. 30, 2015

Segment Information [Abstract]

Net sales, gross profit, operating income and total assets by segment:

The following is a summary of net sales, gross profit, operating income, and total assets by segment:

	Three months ended September 30,						Six months ended September 30,
Net sales:	2015			2014			2015			2014
Americas	$	144.2		$	170.8		$	303.3		$	347.6
Europe		127.7			146.4			258.9			305.0
Asia		18.1			19.0			37.4			39.8
Building HVAC		48.8			45.5			90.1			86.2
Segment total		338.8			381.7			689.7			778.6
Corporate and eliminations		(4.8	)		(4.4	)		(9.6	)		(8.8	)
Net sales	$	334.0		$	377.3		$	680.1		$	769.8

	Three months ended September 30,											Six months ended September 30,
	2015						2014					2015						2014
Gross profit:	$'s			% of sales			$'s		% of sales			$'s			% of sales			$'s		% of sales
Americas	$	23.4			16.3	%	$	24.5		14.4	%	$	50.1			16.5	%	$	56.1		16.1	%
Europe		14.7			11.5	%		16.7		11.4	%		29.8			11.5	%		38.9		12.8	%
Asia		2.1			11.8	%		2.1		11.1	%		5.6			15.1	%		5.7		14.3	%
Building HVAC		14.6			29.9	%		13.2		29.2	%		26.0			28.9	%		23.1		26.9	%
Segment total		54.8			16.2	%		56.5		14.8	%		111.5			16.2	%		123.8		15.9	%
Corporate and eliminations (a)		(9.1	)		-			0.2		-			(8.8	)		-			0.6		-
Gross profit	$	45.7			13.7	%	$	56.7		15.0	%	$	102.7			15.1	%	$	124.4		16.2	%

	Three months ended September 30,						Six months ended September 30,
Operating income:	2015			2014			2015			2014
Americas	$	7.8		$	8.2		$	17.1		$	24.1
Europe		5.0			4.6			10.7			15.0
Asia		(1.2	)		(0.7	)		(0.8	)		0.2
Building HVAC		3.9			3.2			6.0			6.4
Segment total		15.5			15.3			33.0			45.7
Corporate and eliminations (a)		(47.6	)		(7.4	)		(53.5	)		(13.7	)
Operating (loss) income	$	(32.1	)	$	7.9		$	(20.5	)	$	32.0

	September 30, 2015		March 31, 2015
Total assets:
Americas	$	256.8	$	277.9
Europe		304.5		283.1
Asia		86.1		92.4
Building HVAC		150.8		131.4
Corporate and eliminations		144.1		146.8
Total assets	$	942.3	$	931.6

(a) During the second quarter of fiscal 2016, the Company recorded a pension settlement loss of $39.2 million at Corporate, within SG&A expenses ($30.9 million) and cost of sales ($8.3 million).  See Note 4 for additional information.