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Segment Information
 6 Months Ended
Sep. 30, 2013
Segment Reporting [Abstract]  
SEGMENT INFORMATION
SEGMENT INFORMATION
The Company reports its results in four business segments: Transportation Americas; Transportation Europe and Rest of World (“ROW”); Industrial Energy Americas; and Industrial Energy Europe and ROW. The Company is a global producer and recycler of lead-acid batteries. The Company’s four business segments provide a comprehensive range of stored electrical energy products and services for transportation and industrial applications.
Transportation markets include original-equipment and aftermarket batteries for cars, trucks, off-road vehicles, agricultural and construction vehicles, motorcycles, recreational vehicles, marine, and other applications. Industrial markets include batteries for motive power and network power applications. Motive power batteries are used in the materials handling industry for electric forklift trucks, and in other industries, including floor cleaning machinery, powered wheelchairs, railroad locomotives, mining and the electric road vehicles market. Network power batteries are used for backup power for use with telecommunications systems, computer installations, hospitals, air traffic control, security systems, utility, railway and military applications.
The Company’s four reportable segments are determined based upon the nature of the markets served and the geographic regions in which they operate. The Company’s chief operating decision-maker monitors and manages the financial performance of these four business groups. Costs of certain shared services and other corporate costs are not allocated or charged to the business groups.
Selected financial information concerning the Company’s reportable segments is as follows:
 

Three Months Ended
 
Six Months Ended
 

September 30, 2013
 
September 30, 2012
 
September 30, 2013
 
September 30, 2012
 

(In thousands)
Net sales








Transportation Americas

$
185,233


$
213,038


$
375,445


$
428,179

Transportation Europe & ROW

219,732


211,120


406,169


405,263

Industrial Energy Americas

104,741


98,862


206,358


185,550

Industrial Energy Europe & ROW

188,096


188,672


392,072


386,138



$
697,802


$
711,692


$
1,380,044


$
1,405,130

Operating income (loss)

 

 

 

 
Transportation Americas

$
(5,119
)

$
(5,593
)

$
(21,064
)

$
(15,011
)
Transportation Europe & ROW

4,498


4,976


(29
)

8,998

Industrial Energy Americas

13,074


7,105


17,700


13,517

Industrial Energy Europe & ROW

4,172


8,599


10,250


14,788

Unallocated corporate expenses

(8,585
)

(7,143
)

(14,948
)

(13,778
)


8,040


7,944


(8,091
)

8,514

Less: restructuring and impairments, net (a)

2,601


1,108


11,325


624

Total operating income (loss)

$
5,439


$
6,836


$
(19,416
)

$
7,890

Depreciation and Amortization

 

 

 

 
Transportation Americas

$
6,180


$
6,860


$
13,160


$
13,923

Transportation Europe & ROW

4,978


4,492


10,201


9,299

Industrial Energy Americas

2,884


2,590


5,863


5,271

Industrial Energy Europe & ROW

4,186


4,329


8,531


8,788

Unallocated corporate expenses

1,208


1,260


2,172


2,161



$
19,436


$
19,531


$
39,927


$
39,442

Capital expenditures

 

 

 

 
Transportation Americas

$
7,599


$
11,059


$
12,985


$
20,021

Transportation Europe & ROW

5,239


7,869


15,996


15,984

Industrial Energy Americas

406


3,014


1,392


5,988

Industrial Energy Europe & ROW

2,014


3,011


3,598


4,640

Unallocated corporate expenses

1,478


582


2,297


2,988



$
16,736


$
25,535


$
36,268


$
49,621

 
(a)
See Note 13 for detail by segment.