v3.22.4
Revenue Recognition (Tables)
 9 Months Ended
Dec. 31, 2022
Revenue Recognition [Abstract]  
Disaggregation of Revenue
The tables below present revenue for each of the Company’s operating segments.  Each segment’s revenue is disaggregated by product group, by geographic location and based upon the timing of revenue recognition.  The disaggregated revenue information presented in the tables below for fiscal 2022 has been recast to be comparable with the fiscal 2023 presentation.

   
Three months ended December 31, 2022
    
Three months ended December 31, 2021
  

 
Climate
Solutions
    
Performance
Technologies
    
Segment
Total
    
Climate
Solutions
    
Performance
Technologies
    
Segment
Total
  
Product groups:
                                    
Heat transfer
  
$
119.3
    
$
-
    
$
119.3
    
$
116.5
    
$
-
    
$
116.5
  
HVAC & refrigeration
     89.0       -       89.0       86.8       -       86.8  
Data center cooling
    
40.3
      
-
      
40.3
      
24.0
      
-
      
24.0
  
Air-cooled
    
-
      
158.9
      
158.9
      
-
      
138.1
      
138.1
  
Liquid-cooled
    
-
      
117.3
      
117.3
      
-
      
106.8
      
106.8
  
Advanced solutions
    
-
      
35.2
      
35.2
      
-
      
30.0
      
30.0
  
Inter-segment sales
    
-
      
6.4
      
6.4
      
-
      
7.1
      
7.1
  
Net sales
  
$
248.6
    
$
317.8
    
$
566.4
    
$
227.3
    
$
282.0
    
$
509.3
  
                                                 
Geographic location:
                                                
Americas
  
$
148.5
    
$
167.2
    
$
315.7
    
$
126.1
    
$
141.2
    
$
267.3
  
Europe
    
94.4
      
97.6
      
192.0
      
95.2
      
85.8
      
181.0
  
Asia
    
5.7
      
53.0
      
58.7
      
6.0
      
55.0
      
61.0
  
Net sales
  
$
248.6
    
$
317.8
    
$
566.4
    
$
227.3
    
$
282.0
    
$
509.3
  
                                                 
Timing of revenue recognition:
                                                
Products transferred at a point in time
  
$
233.3
    
$
301.0
    
$
534.3
    
$
223.2
    
$
263.5
    
$
486.7
  
Products transferred over time
    
15.3
      
16.8
      
32.1
      
4.1
      
18.5
      
22.6
  
Net sales
  
$
248.6
    
$
317.8
    
$
566.4
    
$
227.3
    
$
282.0
    
$
509.3
  

   
Nine months ended December 31, 2022
    
Nine months ended December 31, 2021
  

 
Climate
Solutions
    
Performance
Technologies
    
Segment
Total
    
Climate
Solutions
    
Performance
Technologies
    
Segment
Total
  
Product groups:
                                    
Heat transfer
  
$
394.7
    
$
-
    
$
394.7
    
$
353.4
    
$
-
    
$
353.4
  
HVAC & refrigeration
    
256.8
      
-
      
256.8
      
237.9
      
-
      
237.9
  
Data center cooling
    
97.1
      
-
      
97.1
      
59.5
      
-
      
59.5
  
Air-cooled
    
-
      
481.2
      
481.2
      
-
      
415.8
      
415.8
  
Liquid-cooled
    
-
      
347.2
      
347.2
      
-
      
322.6
      
322.6
  
Advanced solutions
    
-
      
102.8
      
102.8
      
-
      
86.5
      
86.5
  
Inter-segment sales
    
0.3
      
20.9
      
21.2
      
0.2
      
25.0
      
25.2
  
Net sales
  
$
748.9
    
$
952.1
    
$
1,701.0
    
$
651.0
    
$
849.9
    
$
1,500.9
  
                                                 
Geographic location:
                                                
Americas
  
$
444.2
    
$
514.3
    
$
958.5
    
$
348.0
    
$
424.0
    
$
772.0
  
Europe
    
284.3
      
285.0
      
569.3
      
281.0
      
270.5
      
551.5
  
Asia
    
20.4
      
152.8
      
173.2
      
22.0
      
155.4
      
177.4
  
Net sales
  
$
748.9
    
$
952.1
    
$
1,701.0
    
$
651.0
    
$
849.9
    
$
1,500.9
  
                                                 
Timing of revenue recognition:
                                                
Products transferred at a point in time
  
$
707.1
    
$
892.6
    
$
1,599.7
    
$
640.5
    
$
791.6
    
$
1,432.1
  
Products transferred over time
    
41.8
      
59.5
      
101.3
      
10.5
      
58.3
      
68.8
  
Net sales
  
$
748.9
    
$
952.1
    
$
1,701.0
    
$
651.0
    
$
849.9
    
$
1,500.9
  
Contract Assets and Contract Liabilities from Contracts with Customers
Contract assets and contract liabilities from contracts with customers were as follows:

 
December 31, 2022
    
March 31, 2022
  
Contract assets
  
$
23.8
    
$
26.8
  
Contract liabilities
    
11.9
      
11.8