XML 47 R22.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Information
 6 Months Ended
Sep. 30, 2014
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 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 corporate costs are not allocated or charged to the business groups.
Selected financial information concerning the Company’s reportable segments were as follows:
 
 
Three Months Ended
 
Six Months Ended
 
 
September 30, 2014
 
September 30, 2013
 
September 30, 2014
 
September 30, 2013
 
 
(In thousands)
 
(In thousands)
Net sales
 
 
 
 
 
 
 
 
Transportation Americas
 
$
159,902

 
$
185,233

 
$
318,656

 
$
375,445

Transportation Europe & ROW
 
223,121

 
219,732

 
414,452

 
406,169

Industrial Energy Americas
 
77,122

 
104,741

 
184,969

 
206,358

Industrial Energy Europe & ROW
 
194,830

 
188,096

 
388,483

 
392,072

 
 
$
654,975

 
$
697,802

 
$
1,306,560

 
$
1,380,044

Operating income (loss)
 
 
 
 
 
 
 
 
Transportation Americas
 
$
(8,626
)
 
$
(5,119
)
 
$
(29,279
)
 
$
(21,064
)
Transportation Europe & ROW
 
6,007

 
4,498

 
6,455

 
(29
)
Industrial Energy Americas
 
5,414

 
13,074

 
10,762

 
17,700

Industrial Energy Europe & ROW
 
4,731

 
4,172

 
9,158

 
10,250

Unallocated corporate expenses
 
(10,499
)
 
(8,585
)
 
(15,604
)
 
(14,948
)
 
 
(2,973
)
 
8,040

 
(18,508
)
 
(8,091
)
Restructuring and impairments, net (a)
 
14,950

 
2,601

 
17,632

 
11,325

 
 
$
(17,923
)
 
$
5,439

 
$
(36,140
)
 
$
(19,416
)
Depreciation and Amortization
 
 
 
 
 
 
 
 
Transportation Americas
 
$
5,157

 
$
6,180

 
$
11,365

 
$
13,160

Transportation Europe & ROW
 
5,684

 
4,978

 
11,643

 
10,201

Industrial Energy Americas
 
2,615

 
2,884

 
5,229

 
5,863

Industrial Energy Europe & ROW
 
4,203

 
4,186

 
8,552

 
8,531

Unallocated corporate expenses
 
1,320

 
1,208

 
2,674

 
2,172

 
 
$
18,979

 
$
19,436

 
$
39,463

 
$
39,927

Capital expenditures
 
 
 
 
 
 
 
 
Transportation Americas
 
$
4,946

 
$
7,599

 
$
13,607

 
$
12,985

Transportation Europe & ROW
 
10,638

 
5,239

 
19,685

 
15,996

Industrial Energy Americas
 
2,386

 
406

 
3,704

 
1,392

Industrial Energy Europe & ROW
 
3,162

 
2,014

 
6,252

 
3,598

Unallocated corporate expenses
 
1,244

 
1,478

 
2,720

 
2,297

 
 
$
22,376

 
$
16,736

 
$
45,968

 
$
36,268

(a) See Note 13 to the Consolidated Financial Statements.