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Segment Information (Tables)
6 Months Ended
Sep. 30, 2017
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.  In fiscal 2018, the Company adopted new accounting guidance related to the income statement presentation of pension and postretirement costs.  Accordingly, the Company recast the comparable fiscal 2017 segment financial results to conform to the current-period presentation.  See Note 1 for additional information on this new accounting guidance.

  
Three months ended
September 30,
  
Six months ended
September 30,
 
Net sales:
 
2017
  
2016
  
2017
  
2016
 
Americas
 
$
141.9
  
$
126.0
  
$
290.2
  
$
266.0
 
Europe
  
134.5
   
123.9
   
270.8
   
269.9
 
Asia
  
39.5
   
24.7
   
74.9
   
49.6
 
Commercial and Industrial Solutions
  
149.2
   
-
   
306.7
   
-
 
Building HVAC
  
48.8
   
45.7
   
91.8
   
85.6
 
Segment total
  
513.9
   
320.3
   
1,034.4
   
671.1
 
Corporate and eliminations
  
(5.6
)
  
(2.6
)
  
(10.6
)
  
(6.2
)
Net sales
 
$
508.3
  
$
317.7
  
$
1,023.8
  
$
664.9
 

  
Three months ended
September 30,
  
Six months ended
September 30,
 
  
2017
  
2016
  
2017
  
2016
 
Gross profit:
 
$'s
  
% of
sales
  
$'s
  
% of
sales
  
$'s
  
% of
sales
  
$'s
  
% of
sales
 
Americas
 
$
21.5
   
15.2
%
 
$
15.9
   
12.6
%
 
$
48.0
   
16.6
%
 
$
41.1
   
15.5
%
Europe
  
19.6
   
14.5
%
  
16.4
   
13.2
%
  
38.9
   
14.4
%
  
41.7
   
15.4
%
Asia
  
7.4
   
18.9
%
  
3.7
   
14.9
%
  
13.7
   
18.3
%
  
8.1
   
16.2
%
Commercial and Industrial Solutions
  
22.5
   
15.1
%
  
-
   
-
   
47.8
   
15.6
%
  
-
   
-
 
Building HVAC
  
14.9
   
30.5
%
  
11.8
   
25.8
%
  
26.0
   
28.3
%
  
21.8
   
25.5
%
Segment total
  
85.9
   
16.7
%
  
47.8
   
14.9
%
  
174.4
   
16.9
%
  
112.7
   
16.8
%
Corporate and eliminations
  
0.2
   
-
   
0.2
   
-
   
0.2
   
-
   
(2.4
)
  
-
 
Gross profit
 
$
86.1
   
17.0
%
 
$
48.0
   
15.1
%
 
$
174.6
   
17.1
%
 
$
110.3
   
16.6
%

  
Three months ended
September 30,
  
Six months ended
September 30,
 
Operating income:
 
2017
  
2016
  
2017
  
2016
 
Americas
 
$
7.8
  
$
(1.1
)
 
$
19.9
  
$
8.5
 
Europe
  
8.6
   
7.0
   
16.5
   
22.3
 
Asia
  
4.2
   
0.8
   
7.5
   
2.3
 
Commercial and Industrial Solutions
  
8.1
   
-
   
18.9
   
-
 
Building HVAC
  
6.3
   
2.8
   
9.4
   
3.7
 
Segment total
  
35.0
   
9.5
   
72.2
   
36.8
 
Corporate and eliminations
  
(11.5
)
  
(10.6
)
  
(21.1
)
  
(22.1
)
Operating income (loss)
 
$
23.5
  
$
(1.1
)
 
$
51.1
  
$
14.7
 
 

  
September 30, 2017
  
March 31, 2017
 
Total assets:
      
Americas
 
$
289.9
  
$
282.9
 
Europe
  
311.0
   
269.4
 
Asia
  
125.1
   
111.3
 
Commercial and Industrial Solutions
  
602.0
   
576.0
 
Building HVAC
  
92.7
   
85.2
 
Corporate and eliminations
  
117.3
   
124.7
 
Total assets
 
$
1,538.0
  
$
1,449.5