Segment Information

3 Months Ended

Jun. 30, 2019

Segment Information [Abstract]

Segment Information

Note 19: Segment Information

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

	Three months ended June 30,
	2019								2018
	External Sales		Inter-segment Sales			Total			External Sales		Inter-segment Sales			Total
Net sales:
VTS	$	312.6	$	13.9		$	326.5		$	338.3	$	14.5		$	352.8
CIS		167.9		0.9			168.8			183.5		0.4			183.9
BHVAC		48.5		0.5			49.0			44.3		0.7			45.0
Segment total		529.0		15.3			544.3			566.1		15.6			581.7
Corporate and eliminations		-		(15.3	)		(15.3	)		-		(15.6	)		(15.6	)
Net sales	$	529.0	$	-		$	529.0		$	566.1	$	-		$	566.1

	Three months ended June 30,
	2019					2018
	$'s		% of sales			$'s		% of sales
Gross profit:
VTS	$	45.0		13.8	%	$	54.0		15.3	%
CIS		24.3		14.4	%		28.6		15.6	%
BHVAC		13.7		27.9	%		11.6		25.9	%
Segment total		83.0		15.2	%		94.2		16.2	%
Corporate and eliminations		0.4		-			0.1		-
Gross profit	$	83.4		15.8	%	$	94.3		16.7	%

	Three months ended June 30,
	2019			2018
Operating income:
VTS	$	17.3		$	25.5
CIS		9.0			13.2
BHVAC		5.3			3.2
Segment total		31.6			41.9
Corporate and eliminations		(13.5	)		(7.1	)
Operating income	$	18.1		$	34.8

	June 30, 2019		March 31, 2019
Total assets: (a)
VTS	$	767.9	$	749.9
CIS		628.2		604.2
BHVAC		107.0		89.4
Corporate and eliminations		98.2		94.5
Total assets	$	1,601.3	$	1,538.0

(a) The Company adopted new lease accounting guidance and, as a result, recorded $61.3 million of operating lease assets on its consolidated balance sheet on April 1, 2019.  See Note 1 for additional information.