v3.25.1
SEGMENTS
 12 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
SEGMENTS SEGMENTS
As described in Note 1, we conduct our operations through three reportable segments:
•Contractor Solutions
•Specialized Reliability Solutions and
•Engineered Building Solutions

The Eliminations and Other segment information is included to reconcile segment data to the consolidated financial statements and includes general expenses that are applicable to the consolidated group and are, therefore, not allocated to the other reportable segments. All expenses reported within the Elimination and Other segment are not included in our chief operating decision maker's ("CODM"") evaluation of the operating performance of the other reportable segments.

The Company's CODM is the Chief Executive Officer. The CODM primarily uses segment operating income in the annual budget and monthly forecast processes. The CODM considers actual-to-budget and actual-to-forecast variances on a monthly basis when making decisions about capital allocations across the three reportable segments.
The following is a summary of the financial information of our reporting segments reconciled to the amounts reported in the consolidated financial statements (in thousands).

Year Ended March 31, 2025
(in thousands)Contractor SolutionsSpecialized Reliability SolutionsEngineered Building SolutionsSubtotal - Reportable SegmentsEliminations and OtherTotal
Revenues, net to external customers$609,706 $147,476 $121,119 $878,301 $— $878,301 
Intersegment revenue7,626 166 — 7,792 (7,792)— 
Cost of revenues326,611 93,941 72,229 492,781 (7,792)484,989 
Selling, general, and administrative expenses124,828 31,028 29,703 185,559 26,505 212,064 
Operating income165,893 22,673 19,187 207,753 (26,505)181,248 
Depreciation and amortization34,666 5,553 1,826 42,045 177 42,222 
Capital expenditures12,667 2,453 1,040 16,160 106 16,266 
In the fiscal quarter ended March 31, 2025, we recorded a $2.1 million increase in fair value of contingent consideration liability related to the PSP acquisition, included in selling, general and administrative expenses, for our Contractor Solutions segment.

Year Ended March 31, 2024
(in thousands)Contractor SolutionsSpecialized Reliability SolutionsEngineered Building SolutionsSubtotal - Reportable SegmentsEliminations and OtherTotal
Revenues, net to external customers$528,641 $149,458 $114,741 $792,840 $— $792,840 
Intersegment revenue7,853 155 — 8,008 (8,008)— 
Cost of revenues286,203 95,894 68,006 450,103 (8,008)442,095 
Selling, general, and administrative expenses108,254 31,453 28,031 167,738 23,889 191,627 
Operating income142,037 22,266 18,704 183,007 (23,889)159,118 
Depreciation and amortization30,231 6,074 1,812 38,117 173 38,290 
Capital expenditures8,754 5,602 2,146 16,502 73 16,575 
In the fiscal quarter ended March 31, 2024, we recorded a $1.5 million impairment relating to a trademark, included in selling, general and administrative expenses under depreciation and amortization, for our Contractor Solutions segment.
Year Ended March 31, 2023
(in thousands)Contractor SolutionsSpecialized Reliability SolutionsEngineered Building SolutionsSubtotal - Reportable SegmentsEliminations and OtherTotal
Revenues, net to external customers$506,634 $147,301 $103,969 $757,904 $— $757,904 
Intersegment revenue7,142 145 — 7,287 (7,287)— 
Cost of revenues287,801 95,573 63,603 446,977 (7,287)439,690 
Selling, general, and administrative expenses99,772 31,697 27,477 158,946 20,202 179,148 
Operating income126,203 20,176 12,889 159,268 (20,202)139,066 
Depreciation and amortization26,951 6,035 1,771 34,757 200 34,957 
Capital expenditures6,545 6,877 449 13,871 80 13,951 

TOTAL ASSETS
(Amounts in thousands)Contractor SolutionsSpecialized Reliability SolutionsEngineered Building SolutionsSubtotal - Reportable SegmentsEliminations and OtherTotal
March 31, 2025$941,087 $145,663 $81,347 $1,168,097 $210,968 $1,379,065 
March 31, 2024806,261 139,968 81,256 1,027,485 15,841 1,043,326 
March 31, 2023823,750 136,248 71,429 1,031,427 12,026 1,043,453 

Geographic information – We attribute revenues to different geographic areas based on the destination of the product or service delivery. Long-lived assets are classified based on the geographic area in which the assets are located and exclude deferred taxes. No individual country, except for the U.S., accounted for more than 10% of consolidated net revenues or total long-lived assets.

Revenues and long-lived assets by geographic area are as follows (in thousands, except percent data):
Year Ended March 31,
202520242023
U.S.$771,018 87.8 %$703,282 88.7 %$678,126 89.5 %
Non-U.S. (a)107,283 12.2 %89,558 11.3 %79,778 10.5 %
Revenues, net$878,301 100.0 %$792,840 100.0 %$757,904 100.0 %
(a) No individual country within this group represents 10% or more of consolidated totals for any period presented.

As of March 31,
202520242023
U.S.$748,303 95.2 %$672,887 94.5 %$679,731 94.4 %
Non-U.S.37,901 4.8 %39,030 5.5 %40,665 5.6 %
Long-lived assets (a)$786,204 100.0 %$711,918 100.0 %$720,396 100.0 %
(a) Long-lived assets consist primarily of property, plant and equipment, intangible assets, goodwill and other assets.

Major customer information – We have a large number of customers across our locations and we do not have sales to any individual customer that represented 10% or more of consolidated net revenues for any of the fiscal years presented.