Segment Information (Tables)

3 Months Ended

Jun. 30, 2016

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 June 30,
Net sales:	2016			2015
Americas	$	140.0		$	159.1
Europe		146.0			131.2
Asia		24.9			19.3
Building HVAC		39.9			41.3
Segment total		350.8			350.9
Corporate and eliminations		(3.6	)		(4.8	)
Net sales	$	347.2		$	346.1

	Three months ended June 30,
	2016						2015
Gross profit:	$'s			% of sales			$'s		% of sales
Americas	$	25.1			17.9	%	$	26.7		16.8	%
Europe		25.1			17.2	%		15.1		11.5	%
Asia		4.4			17.6	%		3.5		18.1	%
Building HVAC		10.0			25.1	%		11.4		27.7	%
Segment total		64.6			18.4	%		56.7		16.2	%
Corporate and eliminations (a)		(2.6	)		-			0.3		-
Gross profit	$	62.0			17.8	%	$	57.0		16.5	%

	Three months ended June 30,
Operating income:	2016			2015
Americas	$	9.3		$	9.3
Europe		15.0			5.7
Asia		1.5			0.4
Building HVAC		0.9			2.1
Segment total		26.7			17.5
Corporate and eliminations (a)		(11.6	)		(5.9	)
Operating income	$	15.1		$	11.6

	June 30, 2016		March 31, 2016
Total assets:
Americas	$	274.5	$	267.2
Europe		306.7		301.9
Asia		103.6		104.0
Building HVAC		99.2		99.0
Corporate and eliminations		141.4		148.8
Total assets	$	925.4	$	920.9

(a) During the three months ended June 30, 2016, the Company recorded expenses totaling $4.2 million at Corporate for professional services related to its procurement cost-reduction initiatives (within cost of sales) and business development activities (within SG&A).