Columbus McKinnon (CMCO) 10-Q 4 Feb 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Dec. 31, 2019	Jan. 31, 2020
Document Entity Information [Abstract]
Title of 12(b) Security	Common Stock, $0.01 par value per share
Document Transition Report	false
Document Quarterly Report	true
Document Type	10-Q
Entity File Number	0-27618
Document Period End Date	Dec. 31, 2019
Amendment Flag	false
Entity Registrant Name	Columbus McKinnon Corporation
Entity Central Index Key	0001005229
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Current Fiscal Year End Date	--03-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock Shares Outstanding		23,699,964
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Entity Incorporation, State or Country Code	NY
Entity Tax Identification Number	16-0547600
Entity Address, Address Line One	205 Crosspoint Parkway
Entity Address, City or Town	Getzville
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	14068
Trading Symbol	CMCO
Security Exchange Name	NASDAQ
City Area Code	(716)
Local Phone Number	689-5400
Entity Small Business	false
Entity Emerging Growth Company	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Mar. 31, 2019
Current assets:
Cash and cash equivalents	$ 84,014	$ 71,093
Trade accounts receivable	125,386	129,157
Inventories	135,449	146,263
Prepaid expenses and other	16,890	16,075
Total current assets	361,739	362,588
Property, plant, and equipment, net	81,117	87,303
Goodwill	322,766	322,816
Other intangibles, net	223,206	232,940
Marketable securities	7,370	7,028
Deferred taxes on income	25,117	27,707
Other assets	58,544	21,189
Total assets	1,079,859	1,061,571
Current liabilities:
Trade accounts payable	46,317	46,974
Accrued liabilities	94,205	99,304
Current portion of long term debt	65,000	65,000
Total current liabilities	205,522	211,278
Term loan and revolver, less current portion	186,893	235,320
Other non current liabilities	203,078	183,814
Total liabilities	595,493	630,412
Shareholders' equity:
Voting common stock; 50,000,000 shares authorized; 23,699,431 and 23,391,101 shares issued and outstanding	237	234
Additional paid in capital	284,842	277,518
Retained earnings	284,047	236,459
Accumulated other comprehensive loss	(84,760)	(83,052)
Total shareholders' equity	484,366	431,159
Total liabilities and shareholders' equity	$ 1,079,859	$ 1,061,571

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - shares	Dec. 31, 2019	Mar. 31, 2019
Common Stock Shares Authorized	50,000,000	50,000,000
Common Stock Shares Issued	23,699,431	23,391,101
Common Stock, Shares, Outstanding	23,699,431	23,391,101

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Retained Earnings - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Revenues [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 199,355,000	$ 217,415,000	$ 619,676,000	$ 659,549,000
Cost of Goods and Services Sold	131,483,000	144,010,000	402,699,000	430,597,000
Gross Profit	67,872,000	73,405,000	216,977,000	228,952,000
Operating Expenses [Abstract]
Selling expenses	23,169,000	23,858,000	68,801,000	73,940,000
General and administrative expenses	17,960,000	20,379,000	56,713,000	61,893,000
Research and Development Expense	2,628,000	3,271,000	8,419,000	10,137,000
Impairment of Long-Lived Assets to be Disposed of	0	15,550,000	176,000	26,650,000
Amortization of intangibles	3,229,000	3,701,000	9,708,000	11,358,000
Operating Expenses	46,986,000	66,759,000	143,817,000	183,978,000
Income from operations	20,886,000	6,646,000	73,160,000	44,974,000
Other Income & Expenses [Abstract]
Interest and debt expense	3,423,000	4,330,000	11,034,000	13,185,000
Investment (income) loss	(408,000)	82,000	(939,000)	(297,000)
Foreign currency exchange (gain) loss	188,000	(25,000)	(518,000)	206,000
Other (income) expense, net	199,000	(70,000)	618,000	(417,000)
Income Tax Expense Benefit [Abstract]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	17,484,000	2,329,000	62,965,000	32,297,000
Income tax expense	2,234,000	3,111,000	12,537,000	9,461,000
Net income (loss)	15,250,000	(782,000)	50,428,000	22,836,000
Retained Earnings Accumulated Deficit [Abstract]
Retained earnings - beginning of period	270,218,000	221,239,000	236,459,000	197,897,000
Retained earnings - end of period	$ 284,047,000	$ 219,289,000	$ 284,047,000	$ 219,289,000
Weighted Average Number Of Shares Outstanding Basic [Abstract]
Average basic shares outstanding	23,679,000	23,348,000	23,581,000	23,245,000
Weighted Average Number Of Shares Outstanding [Abstract]
Average diluted shares outstanding	24,031,000	23,348,000	23,925,000	23,647,000
Earnings Per Share Basic [Abstract]
Basic income per share:	$ 0.64	$ (0.03)	$ 2.14	$ 0.98
Earnings Per Share Diluted [Abstract]
Diluted income per share:	0.63	(0.03)	2.11	0.97
Common Stock, Dividends, Per Share, Declared	$ 0.06	$ 0.05	$ 0.12	$ 0.10

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Net income (loss)	$ 15,250	$ (782)	$ 50,428	$ 22,836
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	5,479	(2,236)	(1,596)	(14,802)
Change in derivatives qualifying as hedges, net of taxes of $(289), $(30), $34, $206	862	89	(102)	(619)
Change in pension liability and postretirement obligation, net of taxes of $66, $(30), $3, $(249)	(193)	86	(10)	725
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax, Portion Attributable to Parent	6,148	(2,061)	(1,708)	(14,696)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$ 21,398	$ (2,843)	$ 48,720	$ 8,140

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Change in derivatives qualifying as hedges, taxes	$ (289)	$ (30)	$ 34	$ 206
Other Comprehensive Income (Loss), Defined Benefit Plan, Transition Asset (Obligation), Reclassification Adjustment from AOCI, before Tax	$ 66	$ (30)	$ 3	$ (249)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Operating activities:
Net income (loss)	$ 50,428	$ 22,836
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Depreciation and amortization	21,991	24,763
Deferred income taxes and related valuation allowance	1,247	(2,353)
Net loss (gain) on sale of real estate, investments and other	(602)	109
Stock based compensation	3,510	4,625
Amortization of deferred financing costs	1,782	1,992
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	176	26,650
Other Operating Activities, Cash Flow Statement	6,136	0
Changes in operating assets and liabilities, net of effects of business acquisitions and divestitures:
Trade accounts receivable	3,989	(1,407)
Inventories	10,870	(13,043)
Prepaid expenses and other	(3,224)	(103)
Other assets	726	232
Trade accounts payable	(3,013)	(5,330)
Increase (Decrease) in Accrued Liabilities	(11,458)	3,558
Non-current liabilities	(12,306)	(8,733)
Net cash provided by (used for) operating activities	70,252	53,796
INVESTING ACTIVITIES:
Proceeds from sales of marketable securities	4,908	1,238
Purchases of marketable securities	(4,961)	(835)
Capital expenditures	(6,761)	(7,236)
Proceeds from Sale of Buildings	51	176
Payments for (Proceeds from) Businesses and Interest in Affiliates	(214)
Proceeds from Divestiture of Businesses		5,103
Payments to Acquire Restricted Investments	0	(294)
Net cash provided by (used for) investing activities	(6,977)	(1,848)
FINANCING ACTIVITIES:
Proceeds from the issuance of common stock	4,457	3,708
Repayment of debt	(50,000)	(50,051)
Payments of Dividends	(4,245)	(3,484)
Other	(643)	(1,941)
Net cash provided by (used for) financing activities	(50,431)	(51,768)
Effect of exchange rate changes on cash	77	(5,416)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	12,921	(5,236)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	84,264	58,329
Interest Paid, Excluding Capitalized Interest, Operating Activities	8,541	11,121
Supplementary cash flow data:
Income taxes paid (refunded), net	3,981	3,982
Restricted Cash	$ 250	$ 250

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Shareholders' Equity Statement - USD ($)	Total	Additional Paid-in Capital [Member]	Common Stock [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock, Value, Issued	$ 230,000
Additional Paid in Capital, Common Stock	269,360,000
Retained Earnings (Accumulated Deficit)	197,897,000
Accumulated Other Comprehensive Income (Loss), Net of Tax	(59,258,000)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 408,229,000
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures	14,410
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	161,912
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ 7,706,000
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	(11,246,000)
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax	(165,000)
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Tax, after Reclassification Adjustment, Attributable to Parent	613,000
Stock Issued During Period, Value, Stock Options Exercised	3,641,000	$ 3,639,000	$ 2,000
Stock based compensation	1,334,000
APIC, Share-based Payment Arrangement, Restricted Stock Unit, Increase for Cost Recognition	1,334,000
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	(544,000)	(544,000)	0
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax	206,000
Other Comprehensive Income (Loss), Defined Benefit Plan, Transition Asset (Obligation), Reclassification Adjustment from AOCI, before Tax	(249,000)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	22,836,000
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	(14,802,000)
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax	(619,000)
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Tax, after Reclassification Adjustment, Attributable to Parent	725,000
Stock based compensation	$ 4,625,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	212,000
Common Stock, Value, Issued	$ 232,000
Additional Paid in Capital, Common Stock	273,789,000
Retained Earnings (Accumulated Deficit)	206,491,000
Accumulated Other Comprehensive Income (Loss), Net of Tax	(70,944,000)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 409,568,000
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures	434
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	3,896
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ 15,912,000
Stock Issued During Period, Value, Stock Dividend	(1,164,000)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	(1,320,000)
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax	(543,000)
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Tax, after Reclassification Adjustment, Attributable to Parent	26,000
APIC, Share-based Payment Arrangement, Other, Increase for Cost Recognition	210,000
Stock Issued During Period, Value, Stock Options Exercised	67,000	67,000
Stock based compensation	1,550,000
APIC, Share-based Payment Arrangement, Restricted Stock Unit, Increase for Cost Recognition	1,550,000
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	$ (21,000)	(22,000)	1,000
Common Stock, Par or Stated Value Per Share	$ 0.01
Common Stock, Value, Issued	$ 233,000
Additional Paid in Capital, Common Stock	275,594,000
Retained Earnings (Accumulated Deficit)	221,239,000
Accumulated Other Comprehensive Income (Loss), Net of Tax	(72,781,000)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	424,285,000
Cumulative Effect of New Accounting Principle in Period of Adoption | Accounting Standards Update 2016-01 [Member]	(888,000)
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax	(30,000)
Other Comprehensive Income (Loss), Defined Benefit Plan, Transition Asset (Obligation), Reclassification Adjustment from AOCI, before Tax	$ (30,000)
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures	35,469
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ (782,000)
Stock Issued During Period, Value, Stock Dividend	(1,168,000)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	(2,236,000)
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax	89,000
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Tax, after Reclassification Adjustment, Attributable to Parent	86,000
APIC, Share-based Payment Arrangement, Other, Increase for Cost Recognition	110,000
Stock Issued During Period, Value, Stock Options Exercised		1,421,000
APIC, Share-based Payment Arrangement, Restricted Stock Unit, Increase for Cost Recognition	1,421,000
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	$ (1,374,000)	(1,375,000)	1,000
Common Stock, Par or Stated Value Per Share	$ 0.01
Common Stock, Value, Issued	$ 234,000
Additional Paid in Capital, Common Stock	275,750,000
Retained Earnings (Accumulated Deficit)	219,289,000
Accumulated Other Comprehensive Income (Loss), Net of Tax	(74,842,000)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	420,431,000
Common Stock, Value, Issued	234,000
Additional Paid in Capital, Common Stock	277,518,000
Retained Earnings (Accumulated Deficit)	236,459,000
Accumulated Other Comprehensive Income (Loss), Net of Tax	(83,052,000)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 431,159,000
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures	41,370
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	102,344
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ 18,579,000
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	1,395,000
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax	(758,000)
Defined Benefit Plan, Amount Recognized in Net Periodic Benefit Cost (Credit) and Other Comprehensive (Income) Loss, before Tax	(99,000)
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Tax, after Reclassification Adjustment, Attributable to Parent	(99,000)
Stock Issued During Period, Value, Stock Options Exercised	980,000	979,000	1,000
Stock based compensation	1,556,000
APIC, Share-based Payment Arrangement, Restricted Stock Unit, Increase for Cost Recognition	1,556,000
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	(519,000)	(519,000)	0
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax	34,000
Other Comprehensive Income (Loss), Defined Benefit Plan, Transition Asset (Obligation), Reclassification Adjustment from AOCI, before Tax	3,000
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	50,428,000
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	(1,596,000)
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax	(102,000)
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Tax, after Reclassification Adjustment, Attributable to Parent	(10,000)
Stock based compensation	3,510,000
Common Stock, Value, Issued	235,000
Additional Paid in Capital, Common Stock	279,534,000
Retained Earnings (Accumulated Deficit)	255,038,000
Accumulated Other Comprehensive Income (Loss), Net of Tax	(82,514,000)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 452,293,000
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures	25,245
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	100,482
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ 16,599,000
Stock Issued During Period, Value, Stock Dividend	(1,419,000)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	(8,470,000)
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax	(206,000)
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Tax, after Reclassification Adjustment, Attributable to Parent	282,000
APIC, Share-based Payment Arrangement, Other, Increase for Cost Recognition	240,000
Stock Issued During Period, Value, Stock Options Exercised	2,804,000	2,802,000	2,000
APIC, Share-based Payment Arrangement, Restricted Stock Unit, Increase for Cost Recognition	1,715,000
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	$ (20,000)	(20,000)	0
Common Stock, Par or Stated Value Per Share	$ 0.01
Common Stock, Value, Issued	$ 237,000
Additional Paid in Capital, Common Stock	284,271,000
Retained Earnings (Accumulated Deficit)	270,218,000
Accumulated Other Comprehensive Income (Loss), Net of Tax	(90,908,000)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	463,818,000
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax	(289,000)
Other Comprehensive Income (Loss), Defined Benefit Plan, Transition Asset (Obligation), Reclassification Adjustment from AOCI, before Tax	$ 66,000
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures	5,865
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	33,024
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ 15,250,000
Stock Issued During Period, Value, Stock Dividend	(1,421,000)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	5,479,000
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax	862,000
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Tax, after Reclassification Adjustment, Attributable to Parent	(193,000)
APIC, Share-based Payment Arrangement, Other, Increase for Cost Recognition	110,000
Stock Issued During Period, Value, Stock Options Exercised	676,000	676,000
APIC, Share-based Payment Arrangement, Restricted Stock Unit, Increase for Cost Recognition	(111,000)
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	$ (104,000)	$ (104,000)	$ 0
Common Stock, Par or Stated Value Per Share	$ 0.01
Common Stock, Value, Issued	$ 237,000
Additional Paid in Capital, Common Stock	284,842,000
Retained Earnings (Accumulated Deficit)	284,047,000
Accumulated Other Comprehensive Income (Loss), Net of Tax	(84,760,000)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 484,366,000

Description of Business

Description of Business	9 Months Ended
	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Description of Business The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") for interim financial information. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of the financial position of Columbus McKinnon Corporation ("the Company") at December 31, 2019 , the results of its operations for the three and nine month periods ended December 31, 2019 and December 31, 2018 , and cash flows for the nine months ended December 31, 2019 and December 31, 2018 , have been included. Results for the period ended December 31, 2019 are not necessarily indicative of the results that may be expected for the year ending March 31, 2020 . The balance sheet at March 31, 2019 has been derived from the audited consolidated financial statements at that date, but does not include all of the information and footnotes required by U.S. GAAP for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in the Columbus McKinnon Corporation annual report on Form 10-K for the year ended March 31, 2019 . The Company is a leading worldwide designer, manufacturer and marketer of motion control products, technologies, systems and services that efficiently and ergonomically move, lift, position and secure materials. Key products include hoists, actuators, rigging tools, light rail work stations and digital power and motion control systems. We are focused on commercial and industrial applications that require the safety and quality provided by our superior design and engineering know-how. The Company’s targeted market verticals include general industrial, construction and infrastructure, mining, oil & gas, energy, aerospace, transportation, automotive, heavy equipment manufacturing, and entertainment. The Company’s material handling products are sold globally, principally to third party distributors and crane builders through diverse distribution channels, and to a lesser extent directly to end-users. During the three and nine month periods ended December 31, 2019 , sales to customers in the United States were approximately 54% and 55%

Acquisitions

Acquisitions	9 Months Ended
	Dec. 31, 2019
Business Combination, Step Acquisition [Abstract]
Acquisitions	2. Disposals As part of our business strategy, Blueprint for Growth, in the first quarter of fiscal 2019 the Company started the process to sell its Tire Shredder business, its crane builder business, Crane Equipment and Service Inc., and Stahlhammer Bommern GmbH, its European forging business acquired in 2014 (the "Sold Businesses") as they were no longer considered part of the core business or a strategic fit with the Company's long-term growth and operational objectives. On December 28, 2018, the Company sold its Tire Shredder business and recognized a gain. On February 28, 2019, the Company sold the remaining two businesses, Crane Equipment and Service Inc. and Stahlhammer Bommern GmbH, and recognized a loss. As such, there are no remaining businesses which meet the criteria as being held for sale in accordance with ASC 360-10-45-9, "Property, Plant, and Equipment." The businesses were not deemed a strategic shift or significant to be considered discontinued operations. When businesses or asset groups meet the criteria as held for sale, they are recorded at the lesser of their carrying value or fair value less cost to sell. The Company recognized a gain on the sale of its Tire Shredder business in the amount of $1,103,000 during the three months ended December 31, 2018. An impairment loss was recorded on the remaining held for sale businesses in the amount of $27,753,000 during the nine months ended December 31, 2018, of which $16,653,000 was recorded during the three months ended December 31, 2018. The fiscal 2019 third quarter impairment loss of $16,653,000 included a $9,835,000 reduction to property, plant, and equipment and a $6,818,000 reduction to inventory. Both the gain and impairment loss were recorded in Net loss on sales of businesses, including impairment on the Condensed Consolidated Statements of Operations during the nine months ended December 31, 2018 to reduce the carrying value of these asset groups to their fair values less estimated costs to sell. Net sales and pre-tax income for the three Held for Sale Businesses was $8,983,000 and $29,320,000 and $990,000 and $3,106,000 for the three and nine months ended December 31, 2018 , respectively. In the nine months ending December 31, 2019 , the Company recognized an additional loss of $176,000 as a result of a final working capital adjustment. For additional information on the sold businesses refer to the Company's 2019 10-K. As part of its business strategy, the Company is consolidating its manufacturing footprint. The Company previously announced in fiscal 2019 the closure of its Salem, Ohio facility. In fiscal 2020 the Company announced that it plans to consolidate its hoist manufacturing facility in Lisbon, Ohio with its Wadesboro, North Carolina and Damascus, Virginia facilities in fiscal 2021. The Salem, Ohio facility consolidation was completed during the first quarter of fiscal 2020. In total $696,000 and $1,451,000 are included in Cost of products sold on the Condensed Consolidated Statements of Operations during the three and nine months ended December 31, 2019 , respectively, related to the consolidation of the Lisbon and Salem facilities. The Company also announced during fiscal 2020 its plan to consolidate two of its Hangzhou, China manufacturing facility into one and reorganize its Asia Pacific operations. $792,000 and $1,253,000 are included in General and administrative expenses and $45,000 and $257,000

Revenue Recognition (Notes)

Revenue Recognition (Notes)	9 Months Ended
	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Text Block]	3. Revenue Recognition Performance obligations The Company has contracts with customers for standard products and custom engineered products and determines when and how to recognize revenue for each performance obligation based on the nature and type of contract. Revenue from contracts with customers for standard products is recognized when legal title and significant risk and rewards has transferred to the customer, which is generally at the time of shipment. This is the point in time when control is deemed to transfer to the customer. The Company sells standard products to customers utilizing purchase orders. Payment terms for these types of contracts generally require payment within 30-60 days. Each standard product is deemed to be a single performance obligation and the amount of revenue recognized is based on the negotiated price. The transaction price for standard products is based on the price reflected in each purchase order. Sales incentives are offered to customers who purchase standard products and include offers such as volume-based discounts, rebates for priority customers, and discounts for early cash payments. These sales incentives are accounted for as variable consideration included in the transaction price. Accordingly, the Company reduces revenue for these incentives in the period which the sale occurs and is based on the most likely amount method for estimating the amount of consideration the Company expects to receive. These sales incentive estimates are updated each reporting information as additional information becomes available. The Company also sells custom engineered products and services which are contracts that are typically completed within one quarter but can extend beyond one year in duration. For custom engineered products, the transaction price is based upon the price stated in the contract. Variable consideration has not been identified as a significant component of transaction price for custom engineered products and services. The Company generally recognizes revenue for custom engineered products upon satisfaction of its performance obligation under the contract which typically coincides with project completion which is when the products and services are controlled by the customer. Control is typically achieved at the later of when legal title and significant risk and rewards have transferred to the customer or the customer has accepted the asset. These contracts often require either up front or installment payments. These types of contracts are generally accounted for as one performance obligation as the products and services are not separately identifiable. The promised services (such as inspection, commissioning, and installation) are essential in order for the delivered product to operate as intended on the customer’s site and the services are therefore highly interrelated with product functionality. For most custom engineered products contracts, the Company determined that while there is no alternative use for the custom engineered products, the Company does not have an enforceable right to payment (which must include a reasonable profit margin) for performance completed to date in order to meet the over time revenue recognition criteria. Therefore, revenue is recognized at a point in time (when the contract is complete). For custom engineered products contracts that contain an enforceable right to payment (including reasonable profit margin) the Company satisfies the performance obligation over time and recognizes revenue based on the extent of progress towards completion of the performance obligation. The cost-to-cost measure of progress is an appropriate measure of progress toward satisfaction of performance obligations as this measure most accurately depicts the progress of work performed and transfer of control to the customers. Under the cost-to-cost measure of progress, the extent of progress toward completion is measured based on the ratio of costs incurred to date to the total estimated costs at completion of the performance obligation. Revenues are recognized proportionally as costs are incurred. Sales and other taxes collected with revenue are excluded from revenue, consistent with the previous revenue standard. Shipping and handling costs incurred prior to shipment are considered activities required to fulfill the Company’s promise to transfer goods, and do not qualify as a separate performance obligation. Additionally, the Company offers standard warranties which are typically 12 months in duration for standard products and 24 to 36 months for custom engineered products. These types of warranties are included in the purchase price of the product and are deemed to be assurance-type warranties which are not accounted for as a separate performance obligation. Other performance obligations included in a contract (such as drawings, owner’s manuals, and training services) are immaterial in the context of the contract and are not recognized as a separate performance obligation. For additional information on the Company’s revenue recognition policy refer to the consolidated financial statements included in the 2019 10-K. Reconciliation of contract balances The Company records a contract liability when cash is received prior to recording revenue. Some standard contracts require a down payment while most custom engineered contracts require installment payments. Installment payments for the custom engineered contracts typically require a portion due at inception while the remaining payments are due upon completion of certain performance milestones. For both types of contracts, these contract liabilities, referred to as customer advances, are recorded at the time payment is received and are included in Accrued liabilities on the Condensed Consolidated Balance Sheets. When the related performance obligation is satisfied and revenue is recognized, the contract liability is released into income. The following table illustrates the balance and related activity for customer advances in the nine months ending December 31, 2019 and December 31, 2018 (in thousands): Customer advances (contract liabilities) December 31, 2019 December 31, 2018 March 31, beginning balance 11,501 15,909 Additional customer advances received 26,745 32,552 Revenue recognized from customer advances (25,773 ) (36,024 ) Other (1) 27 (1,081 ) December 31, ending balance $ 12,500 $ 11,356 (1) Other includes the impact of foreign currency translation During the nine months ended December 31, 2019 , revenue was recognized prior to the right to invoice the customer which resulted in a contract asset balance in the amount of $1,679,000 as of December 31, 2019 . Contract assets are included in Prepaid expenses and other assets on the Condensed Consolidated Balance Sheets. Contract assets were not material as of March 31, 2019 . Disaggregated revenue In accordance with ASC 606, the Company is required to disaggregate revenue into categories that depict how economic factors affect the nature, amount, timing and uncertainty of revenue and cash flows. The following table illustrates the disaggregation of revenue by product grouping for the three and nine months ending December 31, 2019 and December 31, 2018 (in thousands): Three Months Ended Nine Months Ended Net Sales by Product Grouping December 31, 2019 December 31, 2018 December 31, 2019 December 31, 2018 Industrial Products $ 84,067 $ 91,720 $ 267,459 $ 288,239 Crane Solutions 92,134 93,190 $ 287,374 $ 280,333 Engineered Products 23,134 23,512 $ 64,795 $ 61,659 All other 20 8,993 $ 48 $ 29,318 Total $ 199,355 $ 217,415 $ 619,676 $ 659,549 Industrial products include: manual chain hoists, electrical chain hoists, rigging/ clamps, industrial winches, hooks, shackles, and other forged attachments. Crane solutions products include: wire rope hoists, drives and controls, crane kits and components, and workstations. Engineered products include: linear and mechanical actuators, lifting tables, rail projects, and actuations systems. The All other product grouping includes miscellaneous revenue and the businesses divested in fiscal 2019. The prior year net sales have been reclassified to be consistent with the current period presentation. Practical expedients Incremental costs to obtain a contract incurred by the Company primarily relate to sales commissions for contracts with a duration of one year or less. Therefore, these costs are expensed as incurred and are recorded in Selling expenses on the Condensed Consolidated Statements of Operations. Unsatisfied performance obligations for contracts with an expected length of one year or less are not disclosed. Further, revenue from contracts with customers do not include a significant financing component as payment is generally expected within one year from when the performance obligation is controlled by the customer.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements FASB ASC Topic 820 “Fair Value Measurements and Disclosures” establishes the standards for reporting financial assets and liabilities and nonfinancial assets and liabilities that are recognized or disclosed at fair value on a recurring basis (at least annually). Under these standards, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e. the "exit price") in an orderly transaction between market participants at the measurement date. ASC 820-10-35-37 establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company's assumptions about the valuation techniques that market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The hierarchy is separated into three levels based on the reliability of inputs as follows: Level 1 - Valuations based on quoted prices in active markets for identical assets or liabilities that the Company has the ability to access. Since valuations are based on quoted prices that are readily and regularly available in an active market, valuation of these products does not entail a significant degree of judgment. Level 2 - Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly, involving some degree of judgment. Level 3 - Valuations based on inputs that are unobservable and significant to the overall fair value measurement. The degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The availability of observable inputs can vary and is affected by a wide variety of factors, including the type of asset/liability, whether the asset/liability is established in the marketplace, and other characteristics particular to the transaction. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes the level in the fair value hierarchy within which the fair value measurement in its entirety falls is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Fair value is a market-based measure considered from the perspective of a market participant rather than an entity-specific measure. Therefore, even when market assumptions are not readily available, assumptions are required to reflect those that market participants would use in pricing the asset or liability at the measurement date. The Company primarily uses readily observable market data in conjunction with internally developed discounted cash flow valuation models when valuing its derivative portfolio and, consequently, the fair value of the Company’s derivatives is based on Level 2 inputs. The carrying amount of the Company's pension-related annuity contract is recorded at net asset value of the contract and, consequently, its fair value is based on Level 2 inputs and is included in Other assets on the Condensed Consolidated Balance Sheets. The carrying value of the Company’s Term Loan approximates fair value based on current market interest rates for debt instruments of similar credit standing and, consequently, their fair values are based on Level 2 inputs. The following table provides information regarding financial assets and liabilities measured or disclosed at fair value (in thousands): Fair value measurements at reporting date using December 31, Quoted prices in active markets for identical assets Significant other observable inputs Significant unobservable inputs Description 2019 (Level 1) (Level 2) (Level 3) Assets/(Liabilities) measured at fair value: Marketable securities $ 7,370 $ 7,370 $ — $ — Annuity contract 2,004 — 2,004 — Derivative Assets (Liabilities): Foreign exchange contracts (155 ) — (155 ) — Interest rate swap liability (1,258 ) — (1,258 ) — Cross currency swap liability (12,012 ) — (12,012 ) — Cross currency swap asset 1,485 — 1,485 — Disclosed at fair value: Term loan $ (262,416 ) $ — $ (262,416 ) $ — Fair value measurements at reporting date using March 31, Quoted prices in active markets for identical assets Significant other observable inputs Significant unobservable inputs Description 2019 (Level 1) (Level 2) (Level 3) Assets/(Liabilities) measured at fair value: Marketable securities $ 7,028 $ 7,028 $ — $ — Annuity contract 2,285 — 2,285 — Derivative assets (liabilities): Foreign exchange contracts (70 ) — (70 ) — Interest rate swap asset 1,213 — 1,213 — Cross currency swap liability (16,184 ) — (16,184 ) — Cross currency swap asset 2,476 — 2,476 — Disclosed at fair value: Term loan $ (310,463 ) $ — $ (310,463 ) $ — The Company does not have any non-financial assets and liabilities that are recognized at fair value on a recurring basis. At December 31, 2019 , the Term loan has been recorded at carrying value which approximates fair value. Market gains, interest, and dividend income on marketable securities are recorded in investment (income) loss on the Condensed Consolidated Statements of Operations. Changes in the fair value of derivatives are recorded in foreign currency exchange (gain) loss or other comprehensive income (loss), to the extent that the derivative qualifies as a hedge under the provisions of ASC Topic 815. Interest and dividend income on marketable securities are measured based upon amounts earned on their respective declaration dates. Please refer to the 2019 10-K for a full description of the assets and liabilities measured on a non-recurring basis that are included in the Company's March 31, 2019

Inventories

Inventories	9 Months Ended
	Dec. 31, 2019
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consisted of the following (in thousands): December 31, March 31, At cost - FIFO basis: Raw materials $ 93,778 $ 88,786 Work-in-process 24,819 32,547 Finished goods 35,204 40,523 Total at cost FIFO basis 153,801 161,856 LIFO cost less than FIFO cost (18,352 ) (15,593 ) Net inventories $ 135,449 $ 146,263 An actual valuation of inventory under the LIFO method can be made only at the end of each year based on the inventory levels and costs at that time. Accordingly, interim LIFO calculations must necessarily be based on management's estimates of expected year-end inventory levels and costs. Because these are subject to many factors beyond management's control, estimated interim results are subject to change in the final year-end LIFO inventory valuation.

Marketable Securities

Marketable Securities	9 Months Ended
	Dec. 31, 2019
Marketable Securities [Abstract]
Marketable Securities	6. Marketable Securities and Other Investments In accordance with ASU 2016-01 “Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities,” adopted by the Company on April 1, 2018, all equity investments in unconsolidated entities (other than those accounted for using the equity method of accounting) are measured at fair value through earnings. The Company's marketable securities are recorded at their fair value, with unrealized changes in market value realized within Investment (income) loss on the Condensed Consolidated Statements of Operations. The impact on earnings for unrealized gains and losses was a gain of $67,000 and a loss of $422,000 in the three months ended December 31, 2019 and December 31, 2018 , respectively. The impact on earnings for unrealized gains and losses was a gain of $232,000 and a loss of $317,000 in the nine months ended December 31, 2019 and December 31, 2018 , respectively. Consistent with prior periods, the estimated fair value is based on quoted market prices at the balance sheet dates. The cost of securities sold is based on the specific identification method. Interest and dividend income are included in Investment (income) loss in the Condensed Consolidated Statements of Operations. Marketable securities are carried as long-term assets since they are held for the settlement of the Company’s general and product liability insurance claims filed through CM Insurance Company, Inc. ("CMIC"), a wholly owned captive insurance subsidiary. The marketable securities are not available for general working capital purposes. Net realized gains related to sales of marketable securities were not material in the three and nine months ended December 31, 2019 and December 31, 2018 , respectively. The Company owns a 49% ownership interest in Eastern Morris Cranes Company Limited ("EMC"), a limited liability company organized and existing under the laws and regulations of the Kingdom of Saudi Arabia. The Company's ownership represents an equity investment in a strategic customer of STAHL serving the Kingdom of Saudi Arabia. The investment's carrying value is presented in Other assets in the Condensed Consolidated Balance Sheets in the amount of $3,451,000 and $3,602,000 as of December 31, 2019 and March 31, 2019, respectively, and has been accounted for as an equity method investment. The investment value was increased for the Company's ownership percentage of income earned by EMC in the amount of $223,000 and $230,000 in the three months ended December 31, 2019 and December 31, 2018 , respectively, and by $515,000 and $402,000 in the nine months ended December 31, 2019 and December 31, 2018 , respectively, recorded in Investment (income) loss on the Condensed Consolidated Statements of Operations. Further, in October 2019, EMC distributed a cash dividend which the Company received 49% of pursuant to its ownership interest. The investment value was decreased for the Company's share of EMC's cash dividend in the amount of $666,000 in the three and nine months ended December 31, 2019 as it was determined to be a return of the Company's investment. The dividend is included in operating activities on the Condensed Consolidated Statement of Cash Flows under the cumulative earnings approach. The December 31, 2019 trade accounts receivable balance due from EMC is $5,032,000

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill and indefinite lived trademarks are not amortized but are tested for impairment at least annually, in accordance with the provisions of ASC Topic 350-20-35-1. Goodwill impairment is deemed to exist if the net book value of a reporting unit exceeds its estimated fair value. The fair value of a reporting unit is determined using a discounted cash flow methodology. The Company’s reporting units are determined based upon whether discrete financial information is available and reviewed regularly, whether those units constitute a business, and the extent of economic similarities between those reporting units for purposes of aggregation. The Company’s reporting units identified under ASC Topic 350-20-35-33 are at the component level, or one level below the operating segment level as defined under ASC Topic 280-10-50-10 “Segment Reporting - Disclosure.” The Company has two reporting units as of December 31, 2019 and March 31, 2019 . The Duff-Norton reporting unit (which designs, manufactures and sources mechanical and electromechanical actuators and rotary unions) had goodwill of $9,611,000 at December 31, 2019 and March 31, 2019 and the Rest of Products reporting unit (representing the hoist, chain, forgings, digital power, motion control, manufacturing, and distribution businesses) had goodwill of $313,155,000 and $313,205,000 at December 31, 2019 and March 31, 2019 , respectively. Refer to the 2019 10-K for information regarding our annual goodwill and indefinite lived trademark impairment evaluation. Future impairment indicators, such as declines in forecasted cash flows, may cause impairment charges. Impairment charges could be based on such factors as the Company’s stock price, forecasted cash flows, assumptions used, control premiums or other variables. There were no such indicators during the quarter ended December 31, 2019 . A summary of changes in goodwill during the nine months ended December 31, 2019 is as follows (in thousands): Balance at April 1, 2019 $ 322,816 Currency translation (50 ) Balance at December 31, 2019 $ 322,766 Goodwill is recognized net of accumulated impairment losses of $113,174,000 as of December 31, 2019 and March 31, 2019 , respectively. Identifiable intangible assets acquired in a business combination are amortized over their estimated useful lives. Identifiable intangible assets are summarized as follows (in thousands): December 31, 2019 March 31, 2019 Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net Trademark $ 6,162 $ (4,289 ) $ 1,873 $ 6,212 $ (4,138 ) $ 2,074 Indefinite lived trademark 46,971 — 46,971 46,981 — 46,981 Customer relationships 182,059 (42,341 ) 139,718 182,328 (35,344 ) 146,984 Acquired technology 46,619 (12,496 ) 34,123 46,715 (10,412 ) 36,303 Other 3,344 (2,823 ) 521 3,254 (2,656 ) 598 Total $ 285,155 $ (61,949 ) $ 223,206 $ 285,490 $ (52,550 ) $ 232,940 The Company’s intangible assets that are considered to have finite lives are amortized. The weighted-average amortization periods are 15 years for trademarks, 18 years for customer relationships, 18 years for acquired technology, 6 years for other, and 18 years in total. Trademarks with a carrying value of $46,971,000 as of December 31, 2019 have an indefinite useful life and are therefore not being amortized. Total amortization expense was $3,229,000 and $3,701,000 for the three month periods ended December 31, 2019 and 2018 , respectively. Total amortization expense was $9,708,000 and $11,358,000 for the nine month periods ended December 31, 2019 and 2018

Debt

Debt	9 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Debt	Debt On January 31, 2017 the Company entered into a Credit Agreement ("Credit Agreement") and $545,000,000 of new debt facilities ("Facilities") in connection with the STAHL acquisition. The Facilities consist of a Revolving Facility ("Revolver") in the amount of $100,000,000 and a $445,000,000 1st Lien Term Loan ("Term Loan"). The Term Loan has a seven-year term maturing in 2024 and the Revolver has a five-year term maturing in 2022. The outstanding principal balance of the Term Loan was $260,463,000 as of December 31, 2019 . The Company repaid $20,000,000 , which included $1,113,000 of required principal payments and $18,887,000 of additional principal payments, on the Term Loan during the three months ended December 31, 2019 . During the nine months ended December 31, 2019 the Company repaid $50,000,000 , which included $3,339,000 of required principal payments and $46,661,000 of additional principal payments, on the Term Loan. The Company is obligated to make $4,450,000 of principal payments over the next 12 months, however, it plans to pay down $65,000,000 in total. This amount has been recorded within the current portion of long term debt on the Company's Condensed Consolidated Balance Sheet with the remaining balance recorded as long term debt. There were no outstanding borrowings and $16,057,000 in outstanding letters of credit issued against the Revolver as of December 31, 2019 . The outstanding letters of credit as of December 31, 2019 consisted of $343,000 in commercial letters of credit and $15,714,000 of standby letters of credit. The gross balance of deferred financing costs on the Term Loan was $14,690,000 as of December 31, 2019 and March 31, 2019 . The accumulated amortization balances were $6,121,000 and $4,547,000 as of December 31, 2019 and March 31, 2019 , respectively. The gross balance of deferred financing costs associated with the Revolver is $2,789,000 as of December 31, 2019 and March 31, 2019 , which is included in other assets on the Condensed Consolidated Balance Sheet. The accumulated amortization balances were $1,627,000 and $1,209,000 as of December 31, 2019 and March 31, 2019 , respectively. Unsecured and uncommitted lines of credit are available to meet short-term working capital needs for certain of our subsidiaries operating outside of the U.S. The lines of credit are available on an offering basis, meaning that transactions under the line of credit will be on such terms and conditions, including interest rate, maturity, representations, covenants and events of default, as mutually agreed between our subsidiaries and the local bank at the time of each specific transaction. As of December 31, 2019 , unsecured credit lines totaled approximately $2,466,000 , of which $0 was drawn. In addition, unsecured lines of $14,319,000 were available for bank guarantees issued in the normal course of business of which $10,134,000 was utilized. Refer to the Company’s consolidated financial statements included in its 2019 10-K for further information on its debt arrangements.

Net Periodic Benefit Cost

Net Periodic Benefit Cost	9 Months Ended
	Dec. 31, 2019
Retirement Benefits [Abstract]
Net Periodic Benefit Cost	Net Periodic Benefit Cost The following table sets forth the components of net periodic pension cost for the Company’s defined benefit pension plans (in thousands): Three Months Ended Nine Months Ended December 31, 2019 December 31, 2018 December 31, 2019 December 31, 2018 Service costs $ 269 $ 255 $ 784 $ 791 Interest cost 3,701 3,864 11,077 11,629 Expected return on plan assets (3,971 ) (4,594 ) (11,917 ) (13,836 ) Net amortization 573 572 1,714 1,750 Net periodic pension (benefit) cost $ 572 $ 97 $ 1,658 $ 334 The Company currently plans to contribute approximately $11,092,000 to its pension plans in fiscal 2020 . The following table sets forth the components of net periodic postretirement benefit cost for the Company’s defined benefit postretirement plans (in thousands): Three Months Ended Nine Months Ended December 31, 2019 December 31, 2018 December 31, 2019 December 31, 2018 Interest cost $ 14 $ 28 $ 53 $ 85 Amortization of plan net losses (74 ) (112 ) (154 ) (136 ) Net periodic postretirement (benefit) cost $ (60 ) $ (84 ) $ (101 ) $ (51 ) For additional information on the Company’s defined benefit pension and postretirement benefit plans, refer to the consolidated financial statements included in the 2019 10-K.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share (in thousands): Three Months Ended Nine Months Ended December 31, 2019 December 31, 2018 December 31, 2019 December 31, 2018 Numerator for basic and diluted earnings per share: Net income $ 15,250 $ (782 ) $ 50,428 $ 22,836 Denominators: Weighted-average common stock outstanding – denominator for basic EPS 23,679 23,348 23,581 23,245 Effect of dilutive employee stock options and other share-based awards 352 — 344 402 Adjusted weighted-average common stock outstanding and assumed conversions – denominator for diluted EPS 24,031 23,348 23,925 23,647 Stock options, restricted stock units, and performance shares with respect to 234,000 common shares for the three and nine months ended December 31, 2019 were not included in the computation of diluted income per share because they were antidilutive. Stock options, restricted stock units, and performance shares with respect to 1,267,000 common shares for the three months ended December 31, 2018 were not included in the computation of diluted loss per share because they were antidilutive as a result of the Company's net loss attributed to the net loss recorded on held for sale businesses. Stock options and performance shares with respect to 131,000 common shares for the nine months ended December 31, 2018, were not included in the computation of diluted income per share because they were antidilutive. For the three and nine months ended December 31, 2019, 70,000 contingently issuable common shares were excluded because a performance condition had not yet been met. The Company grants share based compensation to eligible participants under the 2016 Long Term Incentive Plan, as Amended and Restated in June 2019 ("2016 LTIP"). The total number of shares of common stock with respect to which awards may be granted under the 2016 LTIP were increased by 2,500,000 as a result of the June 2019 amendment. Shares not previously authorized for issuance under any of the prior stock plans and any shares not issued or subject to outstanding awards under the prior stock plans are still available for issuance. On December 11, 2019 the Company announced the Chief Executive Officer's ("CEO") intention to resign from his position as President, CEO, and Director effective January 10, 2020. During the quarter ended December 31, 2019 the Company reversed $1,981,000 in stock compensation expense for shares that were forfeited upon the CEO's resignation on January 10, 2020. The amount was recorded as a reduction of General and administrative expenses. During the first nine months of fiscal 2020 , there were 236,000 shares of stock issued upon the exercising of stock options related to the Company’s stock option plans. During the fiscal year ended March 31, 2019 , 212,000 shares of restricted stock units vested and were issued. On January 20, 2020 the Company's Board of Directors declared a dividend of $0.06 per common share. The dividend will be paid on February 18, 2020 to shareholders of record on February 7, 2020. The dividend payment is expected to be approximately $1,425,000 . Refer to the Company’s consolidated financial statements included in its 2019 10-K for further information on its earnings per share and stock plans.

Loss Contingencies

Loss Contingencies	9 Months Ended
	Dec. 31, 2019
Loss Contingency [Abstract]
Loss Contingencies	Loss Contingencies From time to time, the Company is named a defendant in legal actions arising out of the normal course of business. The Company is not a party to any pending legal proceeding other than ordinary, routine litigation incidental to our business. The Company does not believe that any of our pending litigation will have a material impact on its business. Accrued general and product liability costs are the actuarially estimated reserves based on amounts determined from loss reports, individual cases filed with the Company, and an amount for losses incurred but not reported. The aggregate amounts of reserves were $11,781,000 as of December 31, 2019 , of which $8,243,000 is included in Other non current liabilities and $3,538,000 included in Accrued liabilities on the Condensed Consolidated Balance Sheet. The liability for accrued general and product liability costs are funded in part by investments in marketable securities (see Note 6). The per occurrence limits on the self-insurance for general and product liability coverage to the Company through its wholly-owned captive insurance company were $2,000,000 from inception through fiscal 2003 and $3,000,000 for fiscal 2004 and thereafter. In addition to the per occurrence limits, the Company’s coverage is also subject to an annual aggregate limit, applicable to losses only. These limits range from $2,000,000 to $6,000,000 for each policy year from inception through fiscal 2020 . Along with other manufacturing companies, the Company is subject to various federal, state and local laws relating to the protection of the environment. To address the requirements of such laws, the Company has adopted a corporate environmental protection policy which provides that all of its owned or leased facilities shall, and all of its employees have the duty to, comply with all applicable environmental regulatory standards, and the Company utilizes an environmental auditing program for its facilities to ensure compliance with such regulatory standards. The Company has also established managerial responsibilities and internal communication channels for dealing with environmental compliance issues that may arise in the course of its business. Because of the complexity and changing nature of environmental regulatory standards, it is possible that situations will arise from time to time requiring the Company to incur expenditures in order to ensure environmental regulatory compliance. However, the Company is not aware of any environmental condition or any operation at any of its facilities, either individually or in the aggregate, which would cause expenditures having a material adverse effect on its results of operations, financial condition or cash flows and, accordingly, has not budgeted any material capital expenditures for environmental compliance for fiscal 2020. We have entered a voluntary environmental cleanup program in certain states where we operate and believe that our current reserves are sufficient to remediate these locations. For all of the currently known environmental matters, we have accrued as of December 31, 2019 a total of $1,184,000 which, in our opinion, is sufficient to deal with such matters. The Company is not aware of any environmental condition or any operation at any of its facilities, either individually or in the aggregate, which would cause expenditures to have a material adverse effect on its results of operations, financial condition or cash flows and, accordingly, has not budgeted any material capital expenditures for environmental compliance for fiscal 2020 . Like many industrial manufacturers, the Company is involved in asbestos-related litigation. In continually evaluating costs relating to its estimated asbestos-related liability, the Company reviews, among other things, the incidence of past and recent claims, the historical case dismissal rate, the mix of the claimed illnesses and occupations of the plaintiffs, its recent and historical resolution of the cases, the number of cases pending against it, the status and results of broad-based settlement discussions, and the number of years such activity might continue. Based on this review, the Company has estimated its share of liability to defend and resolve probable asbestos-related personal injury claims. This estimate is highly uncertain due to the limitations of the available data and the difficulty of forecasting with any certainty the numerous variables that can affect the range of the liability. The Company will continue to study the variables in light of additional information in order to identify trends that may become evident and to assess their impact on the range of liability that is probable and estimable. Based on actuarial information, the Company has estimated its asbestos-related aggregate liability including related legal costs to range between $3,600,000 and $6,500,000 using actuarial parameters of continued claims for a period of 37 years from December 31, 2019. The Company's estimation of its asbestos-related aggregate liability that is probable and estimable, in accordance with U.S. generally accepted accounting principles approximates $4,864,000 , which is included in the accrued general and product liability costs in the Condensed Consolidated Balance Sheet as of December 31, 2019 . The recorded liability does not consider the impact of any potential favorable federal legislation. This liability will fluctuate based on the uncertainty in the number of future claims that will be filed and the cost to resolve those claims, which may be influenced by a number of factors, including the outcome of the ongoing broad-based settlement negotiations, defensive strategies, and the cost to resolve claims outside the broad-based settlement program. Of this amount, management expects to incur asbestos liability payments of approximately $2,000,000 over the next 12 months. Because payment of the liability is likely to extend over many years, management believes that the potential additional costs for claims will not have a material effect on the financial condition of the Company or its liquidity, although the effect of any future liabilities recorded could be material to earnings in a future period. The Company believes that a share of its previously incurred asbestos-related expenses and future asbestos-related expenses are covered by pre-existing insurance policies. The Company has engaged in a legal action against the insurance carriers for those policies to recover these expenses and future costs incurred. When the Company resolves this legal action, it is expected that a gain will be recorded for previously expensed cost that is recovered. The Company received settlement payments of $77,000 and $300,000 during the three months ended December 31, 2019 and 2018, respectively, and $366,000 and $430,000 during the nine months ended December 31, 2019 and 2018, respectively, net of legal fees, from its insurance carriers as partial reimbursement for asbestos-related expenses. These partial payments have been recorded as a reduction of cost of products sold in the Condensed Consolidated Statements of Operations. The Company is continuing its actions to recover further past costs and to cover future costs. The Company is also involved in other unresolved legal actions that arise in the normal course of business. The most prevalent of these unresolved actions involve disputes related to product design, manufacture and performance liability. The Company's estimation of its product-related aggregate liability that is probable and estimable, in accordance with U.S. GAAP approximates $6,033,000 , which has been reflected as a liability in the Condensed Consolidated Balance Sheet as of December 31, 2019 . In some cases, we cannot reasonably estimate a range of loss because there is insufficient information regarding the matter. Management believes that the potential additional costs for claims will not have a material effect on the financial condition of the Company or its liquidity, although the effect of any future liabilities recorded could be material to earnings in a future period. The following contingencies relate to the Company’s Magnetek subsidiary: Product Liability Magnetek has been named, along with multiple other defendants, in asbestos-related lawsuits associated with business operations previously acquired but which are no longer owned. During Magnetek's ownership, none of the businesses produced or sold asbestos-containing products. For such claims, Magnetek is uninsured and either contractually indemnified against liability, or contractually obligated to defend and indemnify the purchaser of these former business operations. The Company aggressively seeks dismissal from these proceedings. Based on actuarial information, the asbestos-related liability including legal costs is estimated to be approximately $767,000 which has been reflected as a liability in the Condensed Consolidated Balance Sheet at December 31, 2019 . Litigation-Other In October 2010, Magnetek received a request for indemnification from Power-One, Inc. ("Power-One") for an Italian tax matter arising out of the sale of Magnetek's power electronics business to Power-One in October 2006. With a reservation of rights, Magnetek affirmed its obligation to indemnify Power-One for certain pre-closing taxes. The sale included an Italian company, Magnetek, S.p.A., and its wholly owned subsidiary, Magnetek Electronics (Shenzhen) Co. Ltd. (the “Power-One China Subsidiary”). The tax authority in Arezzo, Italy, issued a notice of audit report in September 2010 wherein it asserted that the Power-One China Subsidiary had its administrative headquarters in Italy with fiscal residence in Italy and, therefore, is subject to taxation in Italy. In November 2010, the tax authority issued a notice of tax assessment for the period of July 2003 to June 2004, alleging that taxes of approximately $2,100,000 (Euro 1,900,000 ) were due in Italy on taxable income earned by the Power-One China Subsidiary during this period. In addition, the assessment alleges potential penalties together with interest in the amount of approximately $2,900,000 (Euro 2,600,000 ) for the alleged failure of the Power-One China Subsidiary to file its Italian tax return. The Power-One China Subsidiary filed its response with the provincial tax commission of Arezzo, Italy in January 2011. The tax authority in Arezzo, Italy issued a tax inspection report in January 2011 for the periods July 2002 to June 2003 and July 2004 to December 2006 claiming that the Power-One China Subsidiary failed to file Italian tax returns for the reported periods. A hearing before the Tax Court was held in July 2012 on the tax assessment for the period of July 2003 to June 2004. In September 2012, the Tax Court ruled in favor of the Power-One China Subsidiary dismissing the tax assessment for the period of July 2003 to June 2004. In February 2013, the tax authority filed an appeal of the Tax Court's September 2012 ruling. The Regional Tax Commission of Florence heard the appeal of the tax assessment dismissal for the period of July 2003 to June 2004 and thereafter issued its ruling finding in favor of the tax authority. Magnetek believes the court’s decision was based upon erroneous interpretations of the applicable law and appealed the ruling to the Italian Supreme Court in April 2015. In August 2012, the tax authority in Arezzo, Italy issued notices of tax assessment for the periods July 2002 to June 2003 and July 2004 to December 2006, alleging that taxes of approximately $7,500,000 (Euro 6,700,000 ) were due in Italy on taxable income earned by the Power-One China Subsidiary together with an allegation of potential penalties in the amount of approximately $3,100,000 (Euro 2,800,000 ) for the alleged failure of the Power-One China Subsidiary to file its Italian tax returns. On June 3, 2015, the Tax Court ruled in favor of the Power-One China Subsidiary dismissing the tax assessments for the periods of July 2002 to June 2003 and July 2004 to December 2006. On July 27, 2015, the tax authority filed an appeal of the Tax Court's ruling of June 3, 2015. In May 2016, the Regional Tax Court of Florence rejected the appeal of the tax authority and at the same time canceled the notices of assessment for the fiscal years of 2004/2005 and 2005/2006. The tax authority had up to six months to appeal the decision. In December 2016, Magnetek was served by the Italian Revenue Service with two appeals to the Italian Supreme Court regarding the two positive judgments on the tax assessments for the fiscal periods 2004/2005 and 2005/2006. In March 2017, the tax authority rejected the appeal of the assessment for 2005/2006 fiscal year. The tax authority had until October 2017 to appeal this decision. In October 2017, Magnetek was served by the Italian Revenue Service with an appeal to the Italian Supreme Court against the positive judgment on the tax assessment for fiscal year 2005/2006. In November 2017 Magnetek filed a memorandum with the Italian Revenue Service and the Italian Supreme Court in response to the appeal made by the tax authority. In February 2018 an appeal hearing was held at the Regional Tax Court of Florence regarding the Italian tax authority's claim for taxes due for fiscal 2002/2003. In October 2018 Magnetek was served by the Italian Revenue Service with an appeal to the Italian Supreme Court against the positive judgment on the tax assessment for fiscal year 2002/2003. In November 2018 Magnetek filed a memorandum with the Italian Supreme Court in response to the appeal made by the tax authority. The Company believes it will be successful and does not expect to incur a liability related to these assessments. Environmental Matters From time to time, Magnetek has taken action to bring certain facilities associated with previously owned businesses into compliance with applicable environmental laws and regulations. Upon the subsequent sale of certain businesses, Magnetek agreed to indemnify the buyers against environmental claims associated with the divested operations, subject to certain conditions and limitations. Remediation activities, including those related to indemnification obligations, did not involve material expenditures during the first nine months of fiscal year 2020 . Magnetek has also been identified by the United States Environmental Protection Agency and certain state agencies as a potentially responsible party for cleanup costs associated with alleged past waste disposal practices at several previously utilized, owned or leased facilities and off-site locations. Its remediation activities as a potentially responsible party were not material in the first nine months of fiscal year 2020 . Although the materiality of future expenditures for environmental activities may be affected by the level and type of contamination, the extent and nature of cleanup activities required by governmental authorities, the nature of Magnetek's alleged connection to the contaminated sites, the number and financial resources of other potentially responsible parties, the availability of indemnification rights against third parties and the identification of additional contaminated sites, Magnetek's estimated share of liability, if any, for environmental remediation, including its indemnification obligations, is not expected to be material. In 1986, Magnetek acquired the stock of Universal Manufacturing Corporation (“Universal”) from a predecessor of Fruit of the Loom (“FOL”), and the predecessor agreed to indemnify Magnetek against certain environmental liabilities arising from pre-acquisition activities at a facility in Bridgeport, Connecticut. Environmental liabilities covered by the indemnification agreement included completion of additional cleanup activities, if any, at the Bridgeport facility and defense and indemnification against liability for potential response costs related to offsite disposal locations. Magnetek's leasehold interest in the Bridgeport facility was assigned to the buyer in connection with the sale of Magnetek's transformer business in June 2001. FOL, the successor to the indemnification obligation, filed a petition for Reorganization under Chapter 11 of the Bankruptcy Code in 1999 and Magnetek filed a proof of claim in the proceeding for obligations related to the environmental indemnification agreement. Magnetek believes that FOL had substantially completed the clean-up obligations required by the indemnification agreement prior to the bankruptcy filing. In November 2001, Magnetek and FOL entered into an agreement involving the allocation of certain potential tax benefits and Magnetek withdrew its claims in the bankruptcy proceeding. Magnetek further believes that FOL's obligation to the state of Connecticut was not discharged in the reorganization proceeding. In January 2007, the Connecticut Department of Environmental Protection (“DEP”) requested parties, including Magnetek, to submit reports summarizing the investigations and remediation performed to date at the site and the proposed additional investigations and remediation necessary to complete those actions at the site. DEP requested additional information relating to site investigations and remediation. Magnetek and the DEP agreed to the scope of the work plan in November 2010. The Company has recorded a liability of $409,000 at December 31, 2019 related to the Bridgeport facility, representing the best estimate of future site investigation costs and remediation costs which are expected to be incurred in the future. The Company has recorded total liabilities of $532,000 for all environmental matters related to Magnetek in the consolidated financial statements as of December 31, 2019 on an undiscounted basis. In September of 2017, Magnetek received a request for defense and indemnification from Monsanto Company, Pharmacia, LLC, and Solutia, Inc. (collectively, “Monsanto”) with respect to: (1) lawsuits brought by plaintiffs claiming that Monsanto manufactured polychlorinated biphenyls ("PCBs"), exposure to which allegedly caused injury to plaintiffs; and (2) lawsuits brought by municipalities and municipal entities claiming that Monsanto should be responsible for a variety of damages due to the presence of PCBs in bodies of water in those municipalities and/or in water treated by those municipal entities. Monsanto claims to be entitled to defense and indemnification from Magnetek under a so-called “Special Undertaking” apparently executed by Universal in January of 1972, which purportedly required Universal to defend and indemnify Monsanto from liabilities “arising out of or in connection with the receipt, purchase, possession, handling, use, sale or disposition of” PCBs by Universal. Magnetek has declined Monsanto’s tender, and believes that it has meritorious legal and factual defenses to the demands made by Monsanto. Magnetek is vigorously defending against those demands and has commenced litigation to, among other things, declare the Special Undertaking void and unenforceable. Monsanto has, in turn, commenced an action to enforce the Special Undertaking. Magnetek intends to continue to vigorously prosecute its declaratory judgment action and to defend against Monsanto’s action against it. We cannot reasonably estimate a potential range of loss with respect to Monsanto’s tender because there is insufficient information regarding the underlying matters. Management believes, however, that the potential additional legal costs related to such matters will not have a material effect on the financial condition of the Company or its liquidity, although the effect of any future liabilities recorded could be material to earnings in a future period. As of December 31, 2019 , the Company has recorded a reserve of $75,000 for legal costs expected to be incurred related to this matter. The Company previously filed suit against Travelers in District Court seeking coverage under insurance policies in the name of Magnetek’s predecessor Universal Manufacturing. In July 2019, the District Court ruled that Travelers is obligated to defend Magnetek under these policies in connection with Magnetek’s litigation against Monsanto. The Court held that Monsanto’s claims against Magnetek fall within the insuring agreement of the Travelers policies and that none of the policy exclusions precluded the possibility of coverage. The Court also held that Travelers prior settlements with other insureds under the policies did not cut off or release Magnetek’s rights under the policies. Travelers has moved for reconsideration and has sought discovery from Magnetek and Monsanto in connection with that motion, which is not yet decided, and will have a right of appeal after that motion is decided. Subject to any appeal, Travelers will be required to reimburse Magnetek’s defense costs to date, and fund its defense costs moving forward. The Company is also engaged in similar coverage litigation against Transportation Insurance Company in the Circuit Court of Cook County, Illinois. The Company has sought a ruling that Transportation Insurance Company is also obligated to reimburse Magnetek’s defense costs to date, and fund its defense costs moving forward. That motion is not yet fully briefed.

Income Taxes

Income Taxes	9 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	13. Income Taxes Income tax expense as a percentage of income from continuing operations before income tax expense was 13% and 134% in the quarters ended December 31, 2019 and December 31, 2018 , respectively, and 20% and 29% for the nine-month periods then ended, respectively. Typically these percentages vary from the U.S. statutory rate of 21% primarily due to varying effective tax rates at the Company's foreign subsidiaries, and the jurisdictional mix of taxable income for these subsidiaries. For the three and nine months ended December 31, 2019, income tax expense as a percentage of income from continuing operations was decreased by 11 percentage points and 3 percentage points, respectively, as a result of the utilization of certain foreign tax credits in our fiscal 2019 Federal income tax return filed in January 2020 for which a valuation allowance was previously recorded. These foreign tax credits had been generated by the one-time transition tax related to the Tax Cuts and Jobs Act, finalized in fiscal 2019. As a result, we recognized an income tax benefit of $1,909,000 during the three months ended December 31, 2019 for the reversal of the valuation allowance on the foreign tax credits utilized in the fiscal 2019 Federal income tax return. We continue to maintain a full valuation allowance on the remaining unutilized foreign tax credits. For the three and nine months ended December 31, 2018, income tax expense as a percentage of income from continuing operations was increased by 215 percentage points and 15 percentage points, respectively, as a result of recording a valuation allowance against deferred tax assets in connection with the impairment loss on held for sale assets recorded in fiscal 2019. Additionally, income tax expense as a percentage of income from continuing operations for the three and nine months ended December 31, 2018 was decreased by 100 percentage points and 7 percentage points, respectively, as a result of the reversal of valuation allowances in certain foreign jurisdictions and the final accounting for the one-time transition tax pursuant to Staff Accounting Bulletin No. 118 ("SAB 118"). The Company estimates that the effective tax rate related to continuing operations will be approximately 21% to 22% for fiscal 2020 . Refer to the Company’s consolidated financial statements included in its 2019 10-K for further information on income taxes.

Changes in Other Comprehensive

Changes in Other Comprehensive Loss	9 Months Ended
	Dec. 31, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Changes in Other Comprehensive Loss	14. Changes in Accumulated Other Comprehensive Loss Changes in AOCL by component for the three and nine-month period ended December 31, 2019 are as follows (in thousands): Three months ended December 31, 2019 Retirement Obligations Foreign Currency Change in Derivatives Qualifying as Hedges Total Beginning balance net of tax $ (54,962 ) $ (32,430 ) $ (3,516 ) $ (90,908 ) Other comprehensive income (loss) before reclassification (567 ) 5,479 (3,101 ) 1,811 Amounts reclassified from other comprehensive loss 374 — 3,963 4,337 Net current period other comprehensive income (loss) (193 ) 5,479 862 6,148 Ending balance net of tax $ (55,155 ) $ (26,951 ) $ (2,654 ) $ (84,760 ) Nine months ended December 31, 2019 Retirement Obligations Foreign Currency Change in Derivatives Qualifying as Hedges Total Beginning balance net of tax $ (55,145 ) $ (25,355 ) $ (2,552 ) $ (83,052 ) Other comprehensive income (loss) before reclassification (1,175 ) (1,596 ) 826 (1,945 ) Amounts reclassified from other comprehensive loss 1,165 — (928 ) 237 Net current period other comprehensive income (loss) (10 ) (1,596 ) (102 ) (1,708 ) Ending balance net of tax $ (55,155 ) $ (26,951 ) $ (2,654 ) $ (84,760 ) Details of amounts reclassified out of AOCL for the three-month period ended December 31, 2019 are as follows (in thousands): Details of AOCL Components Amount reclassified from AOCL Affected line item on Condensed Consolidated Statement of Operations Net amortization of prior service cost and pension settlement $ 499 (1) 499 Total before tax (125 ) Tax (benefit) expense $ 374 Net of tax Change in derivatives qualifying as hedges $ (65 ) Cost of products sold — Interest expense 5,357 Foreign currency 5,292 Total before tax (1,329 ) Tax (benefit) expense $ 3,963 Net of tax Details of amounts reclassified out of AOCL for the nine-month period ended December 31, 2019 are as follows (in thousands): Details of AOCL Components Amount reclassified from AOCL Affected line item on Condensed Consolidated Statement of Operations Net amortization of prior service cost and pension settlement $ 1,560 (1) 1,560 Total before tax (395 ) Tax (benefit) expense $ 1,165 Net of tax Change in derivatives qualifying as hedges $ (76 ) Cost of products sold (479 ) Interest expense (684 ) Foreign currency (1,239 ) Total before tax 311 Tax (benefit) expense $ (928 ) Net of tax (1) These AOCL components are included in the computation of net periodic pension cost. (See Note 10 — Net Periodic Benefit Cost for additional details.)

Effects of New Accounting Prono

Effects of New Accounting Pronouncements	9 Months Ended
	Dec. 31, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Effects of New Accounting Pronouncements	Effects of New Accounting Pronouncements ASU 2019-12 (Topic 740) - Not yet adopted In December 2019, the FASB issued ASU No. 2019-12, "Simplifying the Accounting for Income Taxes" (Topic 740). The standard clarifies, among other topics, that the effects of an enacted change in tax law on taxes currently payable or refundable for the current year be reflected in the computation of the annual effective tax rate in the first interim period that includes the enactment date of the new legislation. The standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2020. Early adoption is permitted for fiscal years, and interim periods within those years. We are currently evaluating the impact the standard will have on our consolidated financial statements. ASU 2016-13 (Topic 326) - Not yet adopted In November 2019, the FASB issued ASU No. 2019-11, "Codification Improvements to Topic 326: Financial Instruments - Credit Losses." The ASU allows, among other aspects, companies to make accounting policy elections to simplify certain aspects of the presentation and measurement of accrued interest on receivables as well as certain practical expedients for disclosure of accrued interest and financial assets secured by collateral maintenance provisions. The ASU is effective when the entity adopts ASU 2016-13, which is fiscal 2021 for the Company. In May 2019, the FASB issued ASU No. 2019-05, "Financial Instruments - Credit Losses (Topic 326): Targeted Transition Relief." The ASU allows companies to elect, upon adoption of ASU 2016-13, the fair value option on financial instruments that were previously recorded at amortized cost and are within the scope of ASC 326-20 if the instruments are eligible for the fair value option under ASC 825-10. The ASU is effective when the entity adopts ASU 2016-13. In November 2018, the FASB issued ASU No. 2018-19, "Codification Improvements to Topic 326: Financial Instruments - Credit Losses." The ASU changes the effective date of ASU 2016-13, Financial Instruments - Credit Losses, to fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”). The standard changes the methodology for measuring credit losses on financial instruments and the timing of when such losses are recorded. ASU 2016-13 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2019. Early adoption is permitted for fiscal years, and interim periods within those years, beginning after December 15, 2018. We are currently evaluating the impact the standard will have on our consolidated financial statements. ASU 2016-02 (Topic 842) - Adopted in fiscal 2020 In March 2019, the FASB issued ASU No. 2019-01, "Codification Improvements: Leases (Topic 842)." The ASU clarifies transition disclosure requirements, specifically that entities are not subject to the transition disclosure requirements in ASC 250 related to the effect on income of an accounting change on certain interim period information. The ASU was effective for fiscal years beginning after December 15, 2018, and interim periods within those years, with early adoption permitted no earlier than when the entity adopts ASC 842. In December 2018, the FASB issued ASU No. 2018-20, "Narrow-Scope Improvements for Lessors (Topic 842)." The ASU gives lessors elections to account for the following under the new lease standard: sales taxes and other similar taxes collected from lessees, lessor costs paid directly by a lessee, and recognition of variable payments for contracts with lease and nonlease components. The ASU was effective for fiscal years beginning after December 15, 2018, and interim periods within those years, with early adoption permitted no earlier than when the entity adopts ASC 842. In July 2018, the FASB issued ASU No. 2018-11, "Leases (Topic 842): Targeted Improvements." Under the ASU, entities may elect not to recast the comparative periods presented when transitioning to ASC 842 and lessors may elect not to separate lease and nonlease components when certain conditions are met. The ASU was effective for fiscal years beginning after December 15, 2018, and interim periods within those years, with early adoption permitted no earlier than when the entity adopts ASC 842. In July 2018, the FASB issued ASU No. 2018-10, "Codification Improvements to Topic 842." Under the ASU, various aspects within ASC 842 were improved, such as the rate implicit in the lease, lessee's reassessment of lease classification, lease term and purchase option, as well as many others aspects of the guidance. The ASU is effective when the entity adopts ASC 842. In February 2016, the FASB issued ASU No. 2016-02, "Leases (Topic 842)." This standard requires all leases with durations greater than twelve months to be recognized on the balance sheet as right-of-use ("ROU") assets and leases liabilities. The standard also requires additional disclosures about leasing arrangements and requires a modified retrospective transition approach for existing leases, whereby the standard will be applied to the earliest year presented. The Company adopted this standard and all related standards effective April 1, 2019. Refer to Note 15 (Leases) for the transition impact and further details. Other Topics adopted in fiscal 2020 In July 2019, the FASB issued ASU No. 2019-07, "Codification Updates to SEC Sections." The standard aligns the guidance in various SEC sections of the codification with the requirements of certain SEC final rules. The standard became effective upon issuance and the standard did not have a material impact on the financial statements for the nine months ended December 31, 2019 . In June 2018, the FASB issued ASU No. 2018-07, "Improvements to Nonemployee Share-Based Payment Accounting (Topic 550 and 718)." The standard simplifies the accounting for share-based payments granted to nonemployees for goods and services. Under the ASU, most of the guidance on such payments to nonemployees (accounted for under ASC 550) would be aligned with the requirements for share-based payments granted to employees (accounted for under ASC 718). The Company adopted this standard effective April 1, 2019 and the standard did not have a material impact on the financial statements for the nine months ended December 31, 2019 . In February 2018, the FASB issued ASU No. 2018-02, "Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income." This ASU amends ASC 220, Income Statement — Reporting Comprehensive Income, to allow a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act. The Company adopted this standard effective April 1, 2019 and did not make the election to reclassify the income tax effects of the Tax Cuts and Jobs Act from accumulated other comprehensive income to retained earnings. In August 2017, the FASB issued ASU No. 2017-12, "Targeted Improvements to Accounting for Hedging Activities (Topic 815)." The standard better aligns an entity’s financial reporting for hedging relationships with risk management activities and reduces the complexity for the application of hedge accounting. For example, the ASU continues to require an initial prospective quantitative hedge effectiveness assessment and documentation at hedge inception. However, if certain criteria are met, entities can elect to subsequently perform prospective and retrospective effectiveness assessments qualitatively, unless facts and circumstances change, and the hedge effectiveness assessment generally does not need to be completed until the first quarterly hedge effectiveness assessment date (i.e., up to three months). The new standard also removes the concept of separately measuring and reporting hedge ineffectiveness and requires a company to present the earnings effect of the hedging instrument, including any ineffectiveness, in the same income statement line item in which the earnings effect of the hedged item is reported. The Company adopted this standard effective April 1, 2019 and the standard did not have a material impact on the financial statements for the nine months ended December 31, 2019 . The Company adopted the guidance on the modified retrospective basis and did not recognize a cumulative effect adjustment upon adoption as the Company had not recognized ineffectiveness on any of the hedging instruments existing as of the date of adoption.

Revenue Recognition (Policies)

Revenue Recognition (Policies)	9 Months Ended
	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Policy Text Block]	Performance obligations The Company has contracts with customers for standard products and custom engineered products and determines when and how to recognize revenue for each performance obligation based on the nature and type of contract. Revenue from contracts with customers for standard products is recognized when legal title and significant risk and rewards has transferred to the customer, which is generally at the time of shipment. This is the point in time when control is deemed to transfer to the customer. The Company sells standard products to customers utilizing purchase orders. Payment terms for these types of contracts generally require payment within 30-60 days. Each standard product is deemed to be a single performance obligation and the amount of revenue recognized is based on the negotiated price. The transaction price for standard products is based on the price reflected in each purchase order. Sales incentives are offered to customers who purchase standard products and include offers such as volume-based discounts, rebates for priority customers, and discounts for early cash payments. These sales incentives are accounted for as variable consideration included in the transaction price. Accordingly, the Company reduces revenue for these incentives in the period which the sale occurs and is based on the most likely amount method for estimating the amount of consideration the Company expects to receive. These sales incentive estimates are updated each reporting information as additional information becomes available. The Company also sells custom engineered products and services which are contracts that are typically completed within one quarter but can extend beyond one year in duration. For custom engineered products, the transaction price is based upon the price stated in the contract. Variable consideration has not been identified as a significant component of transaction price for custom engineered products and services. The Company generally recognizes revenue for custom engineered products upon satisfaction of its performance obligation under the contract which typically coincides with project completion which is when the products and services are controlled by the customer. Control is typically achieved at the later of when legal title and significant risk and rewards have transferred to the customer or the customer has accepted the asset. These contracts often require either up front or installment payments. These types of contracts are generally accounted for as one performance obligation as the products and services are not separately identifiable. The promised services (such as inspection, commissioning, and installation) are essential in order for the delivered product to operate as intended on the customer’s site and the services are therefore highly interrelated with product functionality. For most custom engineered products contracts, the Company determined that while there is no alternative use for the custom engineered products, the Company does not have an enforceable right to payment (which must include a reasonable profit margin) for performance completed to date in order to meet the over time revenue recognition criteria. Therefore, revenue is recognized at a point in time (when the contract is complete). For custom engineered products contracts that contain an enforceable right to payment (including reasonable profit margin) the Company satisfies the performance obligation over time and recognizes revenue based on the extent of progress towards completion of the performance obligation. The cost-to-cost measure of progress is an appropriate measure of progress toward satisfaction of performance obligations as this measure most accurately depicts the progress of work performed and transfer of control to the customers. Under the cost-to-cost measure of progress, the extent of progress toward completion is measured based on the ratio of costs incurred to date to the total estimated costs at completion of the performance obligation. Revenues are recognized proportionally as costs are incurred. Sales and other taxes collected with revenue are excluded from revenue, consistent with the previous revenue standard. Shipping and handling costs incurred prior to shipment are considered activities required to fulfill the Company’s promise to transfer goods, and do not qualify as a separate performance obligation. Additionally, the Company offers standard warranties which are typically 12 months in duration for standard products and 24 to 36 months for custom engineered products. These types of warranties are included in the purchase price of the product and are deemed to be assurance-type warranties which are not accounted for as a separate performance obligation. Other performance obligations included in a contract (such as drawings, owner’s manuals, and training services) are immaterial in the context of the contract and are not recognized as a separate performance obligation.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Deposit Liabilities Disclosures [Text Block]	Customer advances (contract liabilities) December 31, 2019 December 31, 2018 March 31, beginning balance 11,501 15,909 Additional customer advances received 26,745 32,552 Revenue recognized from customer advances (25,773 ) (36,024 ) Other (1) 27 (1,081 ) December 31, ending balance $ 12,500 $ 11,356
Revenue from Contract with Customer [Text Block]	3. Revenue Recognition Performance obligations The Company has contracts with customers for standard products and custom engineered products and determines when and how to recognize revenue for each performance obligation based on the nature and type of contract. Revenue from contracts with customers for standard products is recognized when legal title and significant risk and rewards has transferred to the customer, which is generally at the time of shipment. This is the point in time when control is deemed to transfer to the customer. The Company sells standard products to customers utilizing purchase orders. Payment terms for these types of contracts generally require payment within 30-60 days. Each standard product is deemed to be a single performance obligation and the amount of revenue recognized is based on the negotiated price. The transaction price for standard products is based on the price reflected in each purchase order. Sales incentives are offered to customers who purchase standard products and include offers such as volume-based discounts, rebates for priority customers, and discounts for early cash payments. These sales incentives are accounted for as variable consideration included in the transaction price. Accordingly, the Company reduces revenue for these incentives in the period which the sale occurs and is based on the most likely amount method for estimating the amount of consideration the Company expects to receive. These sales incentive estimates are updated each reporting information as additional information becomes available. The Company also sells custom engineered products and services which are contracts that are typically completed within one quarter but can extend beyond one year in duration. For custom engineered products, the transaction price is based upon the price stated in the contract. Variable consideration has not been identified as a significant component of transaction price for custom engineered products and services. The Company generally recognizes revenue for custom engineered products upon satisfaction of its performance obligation under the contract which typically coincides with project completion which is when the products and services are controlled by the customer. Control is typically achieved at the later of when legal title and significant risk and rewards have transferred to the customer or the customer has accepted the asset. These contracts often require either up front or installment payments. These types of contracts are generally accounted for as one performance obligation as the products and services are not separately identifiable. The promised services (such as inspection, commissioning, and installation) are essential in order for the delivered product to operate as intended on the customer’s site and the services are therefore highly interrelated with product functionality. For most custom engineered products contracts, the Company determined that while there is no alternative use for the custom engineered products, the Company does not have an enforceable right to payment (which must include a reasonable profit margin) for performance completed to date in order to meet the over time revenue recognition criteria. Therefore, revenue is recognized at a point in time (when the contract is complete). For custom engineered products contracts that contain an enforceable right to payment (including reasonable profit margin) the Company satisfies the performance obligation over time and recognizes revenue based on the extent of progress towards completion of the performance obligation. The cost-to-cost measure of progress is an appropriate measure of progress toward satisfaction of performance obligations as this measure most accurately depicts the progress of work performed and transfer of control to the customers. Under the cost-to-cost measure of progress, the extent of progress toward completion is measured based on the ratio of costs incurred to date to the total estimated costs at completion of the performance obligation. Revenues are recognized proportionally as costs are incurred. Sales and other taxes collected with revenue are excluded from revenue, consistent with the previous revenue standard. Shipping and handling costs incurred prior to shipment are considered activities required to fulfill the Company’s promise to transfer goods, and do not qualify as a separate performance obligation. Additionally, the Company offers standard warranties which are typically 12 months in duration for standard products and 24 to 36 months for custom engineered products. These types of warranties are included in the purchase price of the product and are deemed to be assurance-type warranties which are not accounted for as a separate performance obligation. Other performance obligations included in a contract (such as drawings, owner’s manuals, and training services) are immaterial in the context of the contract and are not recognized as a separate performance obligation. For additional information on the Company’s revenue recognition policy refer to the consolidated financial statements included in the 2019 10-K. Reconciliation of contract balances The Company records a contract liability when cash is received prior to recording revenue. Some standard contracts require a down payment while most custom engineered contracts require installment payments. Installment payments for the custom engineered contracts typically require a portion due at inception while the remaining payments are due upon completion of certain performance milestones. For both types of contracts, these contract liabilities, referred to as customer advances, are recorded at the time payment is received and are included in Accrued liabilities on the Condensed Consolidated Balance Sheets. When the related performance obligation is satisfied and revenue is recognized, the contract liability is released into income. The following table illustrates the balance and related activity for customer advances in the nine months ending December 31, 2019 and December 31, 2018 (in thousands): Customer advances (contract liabilities) December 31, 2019 December 31, 2018 March 31, beginning balance 11,501 15,909 Additional customer advances received 26,745 32,552 Revenue recognized from customer advances (25,773 ) (36,024 ) Other (1) 27 (1,081 ) December 31, ending balance $ 12,500 $ 11,356 (1) Other includes the impact of foreign currency translation During the nine months ended December 31, 2019 , revenue was recognized prior to the right to invoice the customer which resulted in a contract asset balance in the amount of $1,679,000 as of December 31, 2019 . Contract assets are included in Prepaid expenses and other assets on the Condensed Consolidated Balance Sheets. Contract assets were not material as of March 31, 2019 . Disaggregated revenue In accordance with ASC 606, the Company is required to disaggregate revenue into categories that depict how economic factors affect the nature, amount, timing and uncertainty of revenue and cash flows. The following table illustrates the disaggregation of revenue by product grouping for the three and nine months ending December 31, 2019 and December 31, 2018 (in thousands): Three Months Ended Nine Months Ended Net Sales by Product Grouping December 31, 2019 December 31, 2018 December 31, 2019 December 31, 2018 Industrial Products $ 84,067 $ 91,720 $ 267,459 $ 288,239 Crane Solutions 92,134 93,190 $ 287,374 $ 280,333 Engineered Products 23,134 23,512 $ 64,795 $ 61,659 All other 20 8,993 $ 48 $ 29,318 Total $ 199,355 $ 217,415 $ 619,676 $ 659,549 Industrial products include: manual chain hoists, electrical chain hoists, rigging/ clamps, industrial winches, hooks, shackles, and other forged attachments. Crane solutions products include: wire rope hoists, drives and controls, crane kits and components, and workstations. Engineered products include: linear and mechanical actuators, lifting tables, rail projects, and actuations systems. The All other product grouping includes miscellaneous revenue and the businesses divested in fiscal 2019. The prior year net sales have been reclassified to be consistent with the current period presentation. Practical expedients Incremental costs to obtain a contract incurred by the Company primarily relate to sales commissions for contracts with a duration of one year or less. Therefore, these costs are expensed as incurred and are recorded in Selling expenses on the Condensed Consolidated Statements of Operations. Unsatisfied performance obligations for contracts with an expected length of one year or less are not disclosed. Further, revenue from contracts with customers do not include a significant financing component as payment is generally expected within one year from when the performance obligation is controlled by the customer.

Fair value Measurements (Tables

Fair value Measurements (Tables)	9 Months Ended
	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis	Fair value measurements at reporting date using December 31, Quoted prices in active markets for identical assets Significant other observable inputs Significant unobservable inputs Description 2019 (Level 1) (Level 2) (Level 3) Assets/(Liabilities) measured at fair value: Marketable securities $ 7,370 $ 7,370 $ — $ — Annuity contract 2,004 — 2,004 — Derivative Assets (Liabilities): Foreign exchange contracts (155 ) — (155 ) — Interest rate swap liability (1,258 ) — (1,258 ) — Cross currency swap liability (12,012 ) — (12,012 ) — Cross currency swap asset 1,485 — 1,485 — Disclosed at fair value: Term loan $ (262,416 ) $ — $ (262,416 ) $ — Fair value measurements at reporting date using March 31, Quoted prices in active markets for identical assets Significant other observable inputs Significant unobservable inputs Description 2019 (Level 1) (Level 2) (Level 3) Assets/(Liabilities) measured at fair value: Marketable securities $ 7,028 $ 7,028 $ — $ — Annuity contract 2,285 — 2,285 — Derivative assets (liabilities): Foreign exchange contracts (70 ) — (70 ) — Interest rate swap asset 1,213 — 1,213 — Cross currency swap liability (16,184 ) — (16,184 ) — Cross currency swap asset 2,476 — 2,476 — Disclosed at fair value: Term loan $ (310,463 ) $ — $ (310,463 ) $ —

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Dec. 31, 2019
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	Inventories consisted of the following (in thousands): December 31, March 31, At cost - FIFO basis: Raw materials $ 93,778 $ 88,786 Work-in-process 24,819 32,547 Finished goods 35,204 40,523 Total at cost FIFO basis 153,801 161,856 LIFO cost less than FIFO cost (18,352 ) (15,593 ) Net inventories $ 135,449 $ 146,263

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	A summary of changes in goodwill during the nine months ended December 31, 2019 is as follows (in thousands): Balance at April 1, 2019 $ 322,816 Currency translation (50 ) Balance at December 31, 2019 $ 322,766
Schedule of Indefinite-lived Intangible Assets by Major Class	Identifiable intangible assets are summarized as follows (in thousands): December 31, 2019 March 31, 2019 Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net Trademark $ 6,162 $ (4,289 ) $ 1,873 $ 6,212 $ (4,138 ) $ 2,074 Indefinite lived trademark 46,971 — 46,971 46,981 — 46,981 Customer relationships 182,059 (42,341 ) 139,718 182,328 (35,344 ) 146,984 Acquired technology 46,619 (12,496 ) 34,123 46,715 (10,412 ) 36,303 Other 3,344 (2,823 ) 521 3,254 (2,656 ) 598 Total $ 285,155 $ (61,949 ) $ 223,206 $ 285,490 $ (52,550 ) $ 232,940

Derivative Instruments (Tables)

Derivative Instruments (Tables)	9 Months Ended
	Dec. 31, 2019
Derivative Instruments and Hedges, Assets [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	8. Derivative Instruments The Company uses derivative instruments to manage selected foreign currency and interest rate exposures. The Company does not use derivative instruments for speculative trading purposes. All derivative instruments must be recorded on the balance sheet at fair value. For derivatives designated as cash flow hedges, changes in the fair value of the derivative is recorded as accumulated other comprehensive loss, or “AOCL,” and is reclassified to earnings when the underlying transaction has an impact on earnings. For foreign currency derivatives not designated as cash flow hedges, all changes in market value are recorded as a foreign currency exchange loss (gain) in the Company’s Consolidated Statements of Operations. The cash flow effects of derivatives are reported within net cash (used for) provided by operating activities on the Condensed Consolidated Statements of Cash Flows. The Company is exposed to credit losses in the event of non-performance by the counterparties on its financial instruments. The counterparties have investment grade credit ratings. The Company anticipates that these counterparties will be able to fully satisfy their obligations under the contracts. The Company has derivative contracts with three counterparties as of December 31, 2019 . The Company's agreements with its counterparties contain provisions pursuant to which the Company could be declared in default of its derivative obligations. As of December 31, 2019 , the Company had not posted any collateral related to these agreements. If the Company had breached any of these provisions as of December 31, 2019 , it could have been required to settle its obligations under these agreements at amounts which approximate the December 31, 2019 fair values reflected in the table below. During the nine months ended December 31, 2019 , the Company was not in default of any of its derivative obligations. As of December 31, 2019 , the Company had no derivatives designated as net investments or fair value hedges in accordance with ASC Topic 815, “Derivatives and Hedging.” The Company has cross currency swap agreements that are designated as cash flow hedges to hedge changes in the value of intercompany loans to a foreign subsidiary due to changes in foreign exchange rates. These intercompany loans are related to the acquisition of STAHL. The notional amount of these derivatives is $185,608,000 , and all of the contracts mature by January 31, 2022. From its December 31, 2019 balance of AOCL, the Company expects to reclassify approximately $983,000 out of AOCL, and into foreign currency exchange loss (gain), during the next 12 months based on the contractual payments due under these intercompany loans. The Company has a foreign currency forward agreement in place to offset the change in the value of another intercompany loan to a foreign subsidiary due to a change in a foreign exchange rate. The notional amount of this derivative is $1,527,000 , and this contract matures by March 31, 2020. This contract is marked to market each balance sheet date and is not designated as a hedge. The Company has foreign currency forward agreements that are designated as cash flow hedges to hedge a portion of forecasted inventory purchases denominated in foreign currencies. The notional amount of those derivatives is $9,922,000 , and all contracts mature by September 30, 2020. From its December 31, 2019 balance of AOCL, the Company expects to reclassify approximately $97,000 out of AOCL during the next 12 months based on the expected sales of the goods purchased. The Company's policy is to maintain a capital structure that is comprised of 50 - 70 % of fixed rate long term debt and 30 - 50 % of variable rate long term debt. The Company has two interest rate swap agreements in which the Company receives interest at a variable rate and pays interest at a fixed rate. These interest rate swap agreements are designated as cash flow hedges to hedge changes in interest expense due to changes in the variable interest rate of the senior secured term loan. The amortizing interest rate swaps mature by December 31, 2023 and have a total notional amount of $173,558,000 as of December 31, 2019 . The changes in fair values of the interest rate swaps is reported in AOCL and will be reclassified to interest expense over the life of the swap agreements. From its December 31, 2019 balance of AOCL, the Company expects to reclassify approximately $386,000 out of AOCL, and into interest expense, during the next 12 months. The following is the effect of derivative instruments on the Condensed Consolidated Statements of Operations for the three months ended December 31, 2019 and 2018 (in thousands): Derivatives Designated as Cash Flow Hedges Type of Instrument Amount of Gain or (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives Location of Gain or (Loss) Recognized in Income on Derivatives Amount of Gain or (Loss) Reclassified from AOCL into Income December 31, 2019 Foreign exchange contracts $ (90 ) Cost of products sold $ 49 December 31, 2019 Interest rate swaps 207 Interest expense — December 31, 2019 Cross currency swaps (3,218 ) Foreign currency exchange (gain) loss (4,012 ) December 31, 2018 Foreign exchange contracts 300 Cost of products sold 42 December 31, 2018 Interest rate swap (1,741 ) Interest expense 159 December 31, 2018 Cross currency swaps 3,944 Foreign currency exchange (gain) loss 2,213 Derivatives Not Designated as Hedging Instruments Location of Gain (Loss) Recognized in Income on Derivatives Amount of Gain (Loss) Recognized in Income on Derivatives December 31, 2019 Foreign currency exchange (gain) loss $ 20 December 31, 2018 Foreign currency exchange (gain) loss 52 The following is the effect of derivative instruments on the Condensed Consolidated Statements of Operations for the nine months ended December 31, 2019 and 2018 (in thousands): Derivatives Designated as Cash Flow Hedges Type of Instrument Amount of Gain or (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives Location of Gain or (Loss) Recognized in Income on Derivatives Amount of Gain or (Loss) Reclassified from AOCL into Income December 31, 2019 Foreign exchange contracts $ (41 ) Cost of products sold $ 57 December 31, 2019 Interest rate swaps (1,519 ) Interest expense 359 December 31, 2019 Cross currency swaps 2,386 Foreign currency exchange (gain) loss 512 December 31, 2018 Foreign exchange contracts 103 Cost of products sold (58 ) December 31, 2018 Interest rate swap (374 ) Interest expense 407 December 31, 2018 Cross currency swaps 13,591 Foreign currency exchange (gain) loss 13,590 Derivatives Not Designated as Hedging Instruments Location of Gain (Loss) Recognized in Income on Derivatives Amount of Gain (Loss) Recognized in Income on Derivatives December 31, 2019 Foreign currency exchange (gain) loss $ 13 December 31, 2018 Foreign currency exchange (gain) loss 45 The following is information relative to the Company’s derivative instruments in the Condensed Consolidated Balance Sheets (in thousands): Fair Value of Asset (Liability) Derivatives Designated as Hedging Instruments Balance Sheet Location December 31, 2019 March 31, 2019 Foreign exchange contracts Prepaid expenses and other $ — $ 43 Foreign exchange contracts Accrued liabilities (150 ) (96 ) Interest rate swap Prepaid expenses and other — 743 Interest rate swap Other assets — 470 Interest rate swap Accrued liabilities (507 ) — Interest rate swap Other non current liabilities (751 ) — Cross currency swap Prepaid expenses and other 1,485 2,476 Cross currency swap Accrued liabilities (173 ) (774 ) Cross currency swap Other non current liabilities (11,839 ) (15,410 ) Derivatives Not Designated as Hedging Instruments Balance Sheet Location December 31, 2019 March 31, 2019 Foreign exchange contracts Accrued Liabilities (5 ) (17 )
Derivative Instruments, Gain (Loss) [Line Items]
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	The following is the effect of derivative instruments on the Condensed Consolidated Statements of Operations for the three months ended December 31, 2019 and 2018 (in thousands): Derivatives Designated as Cash Flow Hedges Type of Instrument Amount of Gain or (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives Location of Gain or (Loss) Recognized in Income on Derivatives Amount of Gain or (Loss) Reclassified from AOCL into Income December 31, 2019 Foreign exchange contracts $ (90 ) Cost of products sold $ 49 December 31, 2019 Interest rate swaps 207 Interest expense — December 31, 2019 Cross currency swaps (3,218 ) Foreign currency exchange (gain) loss (4,012 ) December 31, 2018 Foreign exchange contracts 300 Cost of products sold 42 December 31, 2018 Interest rate swap (1,741 ) Interest expense 159 December 31, 2018 Cross currency swaps 3,944 Foreign currency exchange (gain) loss 2,213 Derivatives Not Designated as Hedging Instruments Location of Gain (Loss) Recognized in Income on Derivatives Amount of Gain (Loss) Recognized in Income on Derivatives December 31, 2019 Foreign currency exchange (gain) loss $ 20 December 31, 2018 Foreign currency exchange (gain) loss 52 The following is the effect of derivative instruments on the Condensed Consolidated Statements of Operations for the nine months ended December 31, 2019 and 2018 (in thousands): Derivatives Designated as Cash Flow Hedges Type of Instrument Amount of Gain or (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives Location of Gain or (Loss) Recognized in Income on Derivatives Amount of Gain or (Loss) Reclassified from AOCL into Income December 31, 2019 Foreign exchange contracts $ (41 ) Cost of products sold $ 57 December 31, 2019 Interest rate swaps (1,519 ) Interest expense 359 December 31, 2019 Cross currency swaps 2,386 Foreign currency exchange (gain) loss 512 December 31, 2018 Foreign exchange contracts 103 Cost of products sold (58 ) December 31, 2018 Interest rate swap (374 ) Interest expense 407 December 31, 2018 Cross currency swaps 13,591 Foreign currency exchange (gain) loss 13,590 Derivatives Not Designated as Hedging Instruments Location of Gain (Loss) Recognized in Income on Derivatives Amount of Gain (Loss) Recognized in Income on Derivatives December 31, 2019 Foreign currency exchange (gain) loss $ 13 December 31, 2018 Foreign currency exchange (gain) loss 45
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The following is information relative to the Company’s derivative instruments in the Condensed Consolidated Balance Sheets (in thousands): Fair Value of Asset (Liability) Derivatives Designated as Hedging Instruments Balance Sheet Location December 31, 2019 March 31, 2019 Foreign exchange contracts Prepaid expenses and other $ — $ 43 Foreign exchange contracts Accrued liabilities (150 ) (96 ) Interest rate swap Prepaid expenses and other — 743 Interest rate swap Other assets — 470 Interest rate swap Accrued liabilities (507 ) — Interest rate swap Other non current liabilities (751 ) — Cross currency swap Prepaid expenses and other 1,485 2,476 Cross currency swap Accrued liabilities (173 ) (774 ) Cross currency swap Other non current liabilities (11,839 ) (15,410 ) Derivatives Not Designated as Hedging Instruments Balance Sheet Location December 31, 2019 March 31, 2019 Foreign exchange contracts Accrued Liabilities (5 ) (17 )

Net Periodic Benefit Cost (Tabl

Net Periodic Benefit Cost (Tables)	9 Months Ended
	Dec. 31, 2019
Pension Plans, Defined Benefiit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Schedule of Net Benefit Costs	The following table sets forth the components of net periodic pension cost for the Company’s defined benefit pension plans (in thousands): Three Months Ended Nine Months Ended December 31, 2019 December 31, 2018 December 31, 2019 December 31, 2018 Service costs $ 269 $ 255 $ 784 $ 791 Interest cost 3,701 3,864 11,077 11,629 Expected return on plan assets (3,971 ) (4,594 ) (11,917 ) (13,836 ) Net amortization 573 572 1,714 1,750 Net periodic pension (benefit) cost $ 572 $ 97 $ 1,658 $ 334
Postemployment Retirement Benefits [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Schedule of Net Benefit Costs	The following table sets forth the components of net periodic postretirement benefit cost for the Company’s defined benefit postretirement plans (in thousands): Three Months Ended Nine Months Ended December 31, 2019 December 31, 2018 December 31, 2019 December 31, 2018 Interest cost $ 14 $ 28 $ 53 $ 85 Amortization of plan net losses (74 ) (112 ) (154 ) (136 ) Net periodic postretirement (benefit) cost $ (60 ) $ (84 ) $ (101 ) $ (51 )

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table sets forth the computation of basic and diluted earnings per share (in thousands): Three Months Ended Nine Months Ended December 31, 2019 December 31, 2018 December 31, 2019 December 31, 2018 Numerator for basic and diluted earnings per share: Net income $ 15,250 $ (782 ) $ 50,428 $ 22,836 Denominators: Weighted-average common stock outstanding – denominator for basic EPS 23,679 23,348 23,581 23,245 Effect of dilutive employee stock options and other share-based awards 352 — 344 402 Adjusted weighted-average common stock outstanding and assumed conversions – denominator for diluted EPS 24,031 23,348 23,925 23,647

Changes in Other Comprehensiv_2

Changes in Other Comprehensive Loss (Tables)	9 Months Ended
	Dec. 31, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Schedule of Accumulated Other Comprehensive Income (Loss)	Changes in AOCL by component for the three and nine-month period ended December 31, 2019 are as follows (in thousands): Three months ended December 31, 2019 Retirement Obligations Foreign Currency Change in Derivatives Qualifying as Hedges Total Beginning balance net of tax $ (54,962 ) $ (32,430 ) $ (3,516 ) $ (90,908 ) Other comprehensive income (loss) before reclassification (567 ) 5,479 (3,101 ) 1,811 Amounts reclassified from other comprehensive loss 374 — 3,963 4,337 Net current period other comprehensive income (loss) (193 ) 5,479 862 6,148 Ending balance net of tax $ (55,155 ) $ (26,951 ) $ (2,654 ) $ (84,760 ) Nine months ended December 31, 2019 Retirement Obligations Foreign Currency Change in Derivatives Qualifying as Hedges Total Beginning balance net of tax $ (55,145 ) $ (25,355 ) $ (2,552 ) $ (83,052 ) Other comprehensive income (loss) before reclassification (1,175 ) (1,596 ) 826 (1,945 ) Amounts reclassified from other comprehensive loss 1,165 — (928 ) 237 Net current period other comprehensive income (loss) (10 ) (1,596 ) (102 ) (1,708 ) Ending balance net of tax $ (55,155 ) $ (26,951 ) $ (2,654 ) $ (84,760 )
Reclassification out of Accumulated Other Comprehensive Income	Details of amounts reclassified out of AOCL for the three-month period ended December 31, 2019 are as follows (in thousands): Details of AOCL Components Amount reclassified from AOCL Affected line item on Condensed Consolidated Statement of Operations Net amortization of prior service cost and pension settlement $ 499 (1) 499 Total before tax (125 ) Tax (benefit) expense $ 374 Net of tax Change in derivatives qualifying as hedges $ (65 ) Cost of products sold — Interest expense 5,357 Foreign currency 5,292 Total before tax (1,329 ) Tax (benefit) expense $ 3,963 Net of tax Details of amounts reclassified out of AOCL for the nine-month period ended December 31, 2019 are as follows (in thousands): Details of AOCL Components Amount reclassified from AOCL Affected line item on Condensed Consolidated Statement of Operations Net amortization of prior service cost and pension settlement $ 1,560 (1) 1,560 Total before tax (395 ) Tax (benefit) expense $ 1,165 Net of tax Change in derivatives qualifying as hedges $ (76 ) Cost of products sold (479 ) Interest expense (684 ) Foreign currency (1,239 ) Total before tax 311 Tax (benefit) expense $ (928 ) Net of tax

Leases (Tables)

Leases (Tables)	9 Months Ended
	Dec. 31, 2019
Operating Leased Assets [Line Items]
Lease, Cost [Table Text Block]	The following table presents the weighted average remaining lease term and discount rate: December 31, 2019 Weighted-average remaining lease term (in years) 7.05 Weighted-average discount rate 4.13 % Amounts recognized on the financial statements The following table illustrates the balance sheet classification for ROU assets and lease liabilities as of December 31, 2019 (in thousands): Balance sheet classification December 31, 2019 Assets Other assets $ 37,729 Current Accrued liabilities 7,098 Non-current Other non current liabilities 30,823 Total liabilities $ 37,921
Lessee, Operating Leases [Text Block]	15. Leases Transition In February 2016, the FASB issued ASU No. 2016-02, "Leases (Topic 842)" ("ASC 842"). ASC 842 requires the recognition of lease right-of-use ("ROU") assets and lease liabilities by lessees for those leases classified as operating leases and additional disclosures regarding the nature of the Company's leases, significant judgments made, and amounts recognized in the financial statements relating to those leases. The Company adopted this standard effective April 1, 2019 under the modified retrospective method whereas comparative period information is not restated. In addition, the Company elected the package of practical expedients which permits the Company to not reassess whether existing contracts are or contain leases, to not reassess the lease classification of any existing leases, and to not reassess initial direct costs for any existing leases. The Company also elected the practical expedient to not separate lease and non-lease components for all classes of underlying assets and made an accounting policy election to not record leases with an initial term of twelve months or less on the balance sheet for all classes of underlying assets. As a result of the adoption of ASC 842, the Company recognized an initial operating lease ROU assets of $35,553,000 on April 1, 2019 with a corresponding lease liability of the same amount. The standard did not materially impact the Company's Condensed Consolidated Statement of Operations or the Condensed Consolidated Statements of Cash Flows for the nine months ending December 31, 2019 . Nature of leases The Company's leases are classified as operating leases and consist of manufacturing facilities, sales offices, distribution centers, warehouses, vehicles, and equipment. For leases with terms greater than twelve months, at lease commencement the Company recognizes a ROU asset and a lease liability. The initial lease liability is recognized at the present value of remaining lease payments over the lease term. Leases with an initial term of twelve months or less are not recorded on the Company's Condensed Consolidated Balance Sheet. The Company recognizes lease expense for operating leases on a straight-line basis over the lease term. Additionally, because the Company has elected to not separate lease and non-lease components, variable costs also include payments to the landlord for common area maintenance, real estate taxes, insurance, and other operating expenses. The Company's leases have lease terms ranging from 1 to 15 years, some of which include options to extend or terminate the lease. The exercise of lease renewal options is at the Company’s sole discretion. When deemed reasonably certain of exercise, the renewal options are included in the determination of the lease term. The Company’s lease agreements do not contain material residual value guarantees or any material restrictive covenants. As of December 31, 2019 , the Company does not have any significant additional operating leases that have not yet commenced. Significant assumptions or judgments The discount rate implicit within each lease is generally not readily determinable, therefore, the Company uses its estimated incremental borrowing rate in determining the present value of lease payments. The incremental borrowing rate is determined based on the Company’s recent debt issuances, lease term, and the currency in which lease payments are made. The following table presents the weighted average remaining lease term and discount rate: December 31, 2019 Weighted-average remaining lease term (in years) 7.05 Weighted-average discount rate 4.13 % Amounts recognized on the financial statements The following table illustrates the balance sheet classification for ROU assets and lease liabilities as of December 31, 2019 (in thousands): Balance sheet classification December 31, 2019 Assets Other assets $ 37,729 Current Accrued liabilities 7,098 Non-current Other non current liabilities 30,823 Total liabilities $ 37,921 Operating lease expense of $2,299,000 and $6,833,000 for the three and nine months ending December 31, 2019 is included in income from operations on the Condensed Consolidated Statements of Operations. Short-term lease expense, sublease income, and variable lease expenses are not material for the three and nine months ending December 31, 2019 . Other lease disclosures At December 31, 2019 , the maturities of operating lease liabilities were as follows (in thousands): Year: December 31, 2019 Remainder of 2020 $ 2,242 2021 8,097 2022 6,705 2023 6,031 2024 4,687 Thereafter 16,498 Total undiscounted lease payments $ 44,260 Less: imputed interest $ 6,339 Present value of lease liabilities $ 37,921 Supplemental cash flow information related to operating leases is as follows (in thousands): Nine months ended December 31, 2019 Cash paid for amounts included in the measurement of operating lease liabilities $ 6,636 ROU assets obtained in exchange for new operating lease liabilities $ 7,808
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Year: December 31, 2019 Remainder of 2020 $ 2,242 2021 8,097 2022 6,705 2023 6,031 2024 4,687 Thereafter 16,498 Total undiscounted lease payments $ 44,260 Less: imputed interest $ 6,339 Present value of lease liabilities $ 37,921
Lessee, Operating Lease, Disclosure [Table Text Block]	Supplemental cash flow information related to operating leases is as follows (in thousands): Nine months ended December 31, 2019 Cash paid for amounts included in the measurement of operating lease liabilities $ 6,636 ROU assets obtained in exchange for new operating lease liabilities $ 7,808

Description of Business (Narrat

Description of Business (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Revenue from External Customer [Line Items]
Operating Income (Loss)	$ 20,886,000	$ 6,646,000	$ 73,160,000	$ 44,974,000
Revenue from Contract with Customer Benchmark [Member] | UNITED STATES
Revenue from External Customer [Line Items]
Sales revenue goods net percentage	54.00%		55.00%
Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
Revenue from External Customer [Line Items]
Operating Income (Loss)		$ 990,000		$ 3,106,000

Acquisitions (Narratives) (Deta

Acquisitions (Narratives) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Business Acquisition [Line Items]
Gain (Loss) on Disposition of Business	$ 0	$ (15,550,000)	$ (176,000)	$ (26,650,000)
Impairment of Long-Lived Assets Held-for-use		16,653,000		27,753,000
Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
Business Acquisition [Line Items]
Revenues		8,983,000		$ 29,320,000
Property, Plant and Equipment [Member]
Business Acquisition [Line Items]
Impairment of Long-Lived Assets Held-for-use		9,835,000
Inventories [Member]
Business Acquisition [Line Items]
Impairment of Long-Lived Assets Held-for-use		6,818,000
Finite-Lived Intangible Assets, Major Class Name [Domain]
Business Acquisition [Line Items]
Gain (Loss) on Disposition of Business		$ 1,103,000
UNITED STATES
Business Acquisition [Line Items]
Business Exit Costs	696,000		1,451,000
Cost of Sales [Member] | Asia Pacific [Member]
Business Acquisition [Line Items]
Business Exit Costs	792,000		1,253,000
Selling and Marketing Expense [Member] | Asia Pacific [Member]
Business Acquisition [Line Items]
Business Exit Costs	$ 45,000		$ 257,000

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Contract with Customer, Asset, Net, Current	$ 1,679,000		$ 1,679,000
Revenue from Contract with Customer, Excluding Assessed Tax	199,355,000	$ 217,415,000	619,676,000	$ 659,549,000
Contract with Customer, Liability, Current	12,500,000	11,356,000	12,500,000	11,356,000	$ 11,501,000	$ 15,909,000
Proceeds from Customers for Progress Payments			26,745,000	32,552,000
Contract with Customer, Liability, Revenue Recognized			(25,773,000)	(36,024,000)
Increase (Decrease) in Deferred Revenue and Customer Advances and Deposits			$ 27,000	(1,081,000)
Revenue, Performance Obligation, Description of Payment Terms			30-60
Crane Solutions [Member]
Revenue from Contract with Customer, Excluding Assessed Tax	92,134,000	93,190,000	$ 287,374,000	280,333,000
Industrial Products [Member]
Revenue from Contract with Customer, Excluding Assessed Tax	84,067,000	91,720,000	267,459,000	288,239,000
Engineered Products [Member]
Revenue from Contract with Customer, Excluding Assessed Tax	23,134,000	23,512,000	64,795,000	61,659,000
All other [Member]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 20,000	$ 8,993,000	$ 48,000	$ 29,318,000
Long-term Contract with Customer [Member]
Revenue, Performance Obligation, Description of Warranty			24 to 36
Short-term Contract with Customer [Member]
Revenue, Performance Obligation, Description of Warranty			12

Fair Value Measurements (Assets

Fair Value Measurements (Assets and liabilities measured at fair value on recurring bases) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Mar. 31, 2019
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Marketable securities	$ 7,370	$ 7,028
Marketable securities | Quoted Prices in Active Markets for Indentical Assets (Level 1)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Marketable securities	7,370	7,028
Marketable securities | Significant Other Observable Inputs (Level 2)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Marketable securities	0	0
Marketable securities | Significant unobservable Inputs (Level 3)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Marketable securities	0	0
Variable Annuity [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Annuity contract	2,004	2,285
Variable Annuity [Member] | Quoted Prices in Active Markets for Indentical Assets (Level 1)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Annuity contract	0	0
Variable Annuity [Member] | Significant Other Observable Inputs (Level 2)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Annuity contract	2,004	2,285
Variable Annuity [Member] | Significant unobservable Inputs (Level 3)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Annuity contract	0	0
Foreign exchange contracts
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities	(155)	(70)
Foreign exchange contracts | Quoted Prices in Active Markets for Indentical Assets (Level 1)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities	0	0
Foreign exchange contracts | Significant Other Observable Inputs (Level 2)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities	(155)	(70)
Foreign exchange contracts | Significant unobservable Inputs (Level 3)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities	0	0
Term loan
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Term loan	(262,416)	(310,463)
Term loan | Quoted Prices in Active Markets for Indentical Assets (Level 1)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Term loan	0	0
Term loan | Significant Other Observable Inputs (Level 2)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Term loan	(262,416)	(310,463)
Term loan | Significant unobservable Inputs (Level 3)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Term loan	0	0
Assets [Member] | Interest Rate Swap [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities		1,213
Assets [Member] | Interest Rate Swap [Member] | Quoted Prices in Active Markets for Indentical Assets (Level 1)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities		0
Assets [Member] | Interest Rate Swap [Member] | Significant Other Observable Inputs (Level 2)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities		1,213
Assets [Member] | Interest Rate Swap [Member] | Significant unobservable Inputs (Level 3)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities		0
Assets [Member] | Cross Currency Interest Rate Contract [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities	1,485	2,476
Assets [Member] | Cross Currency Interest Rate Contract [Member] | Quoted Prices in Active Markets for Indentical Assets (Level 1)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities	0	0
Assets [Member] | Cross Currency Interest Rate Contract [Member] | Significant Other Observable Inputs (Level 2)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities	1,485	2,476
Assets [Member] | Cross Currency Interest Rate Contract [Member] | Significant unobservable Inputs (Level 3)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities	0	0
Liability [Member] | Interest Rate Swap [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities	(1,258)
Liability [Member] | Interest Rate Swap [Member] | Quoted Prices in Active Markets for Indentical Assets (Level 1)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities	0
Liability [Member] | Interest Rate Swap [Member] | Significant Other Observable Inputs (Level 2)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities	(1,258)
Liability [Member] | Interest Rate Swap [Member] | Significant unobservable Inputs (Level 3)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities	0
Liability [Member] | Cross Currency Interest Rate Contract [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities	(12,012)	(16,184)
Liability [Member] | Cross Currency Interest Rate Contract [Member] | Quoted Prices in Active Markets for Indentical Assets (Level 1)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities	0	0
Liability [Member] | Cross Currency Interest Rate Contract [Member] | Significant Other Observable Inputs (Level 2)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities	(12,012)	(16,184)
Liability [Member] | Cross Currency Interest Rate Contract [Member] | Significant unobservable Inputs (Level 3)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities	$ 0	$ 0

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Mar. 31, 2019
Inventory [Line Items]
Raw materials	$ 93,778	$ 88,786
Work-in-process	24,819	32,547
Finished goods	35,204	40,523
At cost - FIFO basis:	153,801	161,856
LIFO cost less than FIFO cost	(18,352)	(15,593)
Net inventories	$ 135,449	$ 146,263

Marketable Securities (Narrativ

Marketable Securities (Narratives) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Mar. 31, 2019	Dec. 21, 2017
Gain (Loss) on Securities [Line Items]
Marketable Securities, Realized Gain (Loss)	$ 50,000		$ 50,000
Unrealized Gain on Securities	67,000	$ 422,000	232,000	$ 317,000
Proceeds from Equity Method Investment, Distribution, Return of Capital			666,000
EMC [Member]
Gain (Loss) on Securities [Line Items]
Equity Method Investment, Ownership Percentage						49.00%
Increase (Decrease) in Accounts Receivable, Related Parties			5,032,000
Equity Method Investments	3,451,000		3,451,000		$ 3,602,000
Investment Income, Net	$ 223,000	$ 230,000	$ 515,000	$ 402,000

Marketable Securities (Summary

Marketable Securities (Summary of available-for-sale securities ) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
EMC [Member]
Debt Securities, Available-for-sale [Line Items]
Investment Income, Net	$ 223,000	$ 230,000	$ 515,000	$ 402,000

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets (Narrative) (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2019USD ($)Reporting_Unit	Dec. 31, 2018USD ($)	Mar. 31, 2020	Mar. 31, 2019USD ($)
Goodwill [Line Items]
Number of Reporting Units | Reporting_Unit			2
Amortization of intangibles	$ 3,229,000	$ 3,701,000	$ 9,708,000	$ 11,358,000
Goodwill	322,766,000		322,766,000			$ 322,816,000
Finite-Lived Intangible Assets, Amortization Expense, Remainder of Fiscal Year	13,000,000		13,000,000
Finite-Lived Intangible Assets, Amortization Expense, Year Two	13,000,000		13,000,000
Finite-Lived Intangible Assets, Amortization Expense, Year Three	13,000,000		13,000,000
Finite-Lived Intangible Assets, Amortization Expense, Year Four	13,000,000		13,000,000
Finite-Lived Intangible Assets, Amortization Expense, Year Five	13,000,000		13,000,000
Indefinite-Lived Trademarks	46,971,000		46,971,000			46,981,000
Goodwill, Impaired, Accumulated Impairment Loss	113,174,000		113,174,000			113,174,000
Rest of Products [Member]
Goodwill [Line Items]
Goodwill	313,155,000		313,155,000			313,205,000
Duff Norton Group [Member]
Goodwill [Line Items]
Goodwill	$ 9,611,000		$ 9,611,000			$ 9,611,000
Forecast [Member]
Goodwill [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life					18 years
Forecast [Member] | Trademark
Goodwill [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life					15 years
Forecast [Member] | Customer relationships
Goodwill [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life					18 years
Forecast [Member] | Patented Technology [Member]
Goodwill [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life					18 years
Forecast [Member] | Other Intangible Assets [Member]
Goodwill [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life					6 years

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets (Details) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Mar. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 3,229,000	$ 3,701,000	$ 9,708,000	$ 11,358,000
Goodwill [Roll Forward]
Balance at April 1, 2019			322,816,000
Currency translation			(50,000)
Balance at December 31, 2019	322,766,000		322,766,000
Gross Carrying Amount	285,155,000		285,155,000		$ 285,490,000
Accumulated Amortization	(61,949,000)		(61,949,000)		(52,550,000)
Net	223,206,000		223,206,000		232,940,000
Indefinite-Lived Trademarks	46,971,000		46,971,000		46,981,000
Trademark
Goodwill [Roll Forward]
Gross Carrying Amount	6,162,000		6,162,000		6,212,000
Accumulated Amortization	(4,289,000)		(4,289,000)		(4,138,000)
Net	1,873,000		1,873,000		2,074,000
Indefinite-lived Intangible Assets [Member]
Goodwill [Roll Forward]
Accumulated Amortization	0		0		0
Customer relationships
Goodwill [Roll Forward]
Gross Carrying Amount	182,059,000		182,059,000		182,328,000
Accumulated Amortization	(42,341,000)		(42,341,000)		(35,344,000)
Net	139,718,000		139,718,000		146,984,000
Unpatented Technology [Member]
Goodwill [Roll Forward]
Gross Carrying Amount	46,619,000		46,619,000		46,715,000
Accumulated Amortization	(12,496,000)		(12,496,000)		(10,412,000)
Net	34,123,000		34,123,000		36,303,000
Other
Goodwill [Roll Forward]
Gross Carrying Amount	3,344,000		3,344,000		3,254,000
Accumulated Amortization	(2,823,000)		(2,823,000)		(2,656,000)
Net	$ 521,000		$ 521,000		$ 598,000

Derivative Instruments (Narrati

Derivative Instruments (Narratives) (Details)	Dec. 31, 2019USD ($)
Reclassify Next Year [Member]
Derivatives, Fair Value [Line Items]
Derivative Instruments in Hedges, at Fair Value, Net	$ 386,000
Derivatives Not Designated as Hedging Instruments | Loans [Member]
Derivatives, Fair Value [Line Items]
Notional amount of foreign currency derivatives	1,527,000
Designated as Hedging Instrument | Cross Currency Interest Rate Contract [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	185,608,000
Designated as Hedging Instrument | Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Derivative Liability, Notional Amount	97,000
Designated as Hedging Instrument | Commodity Contract
Derivatives, Fair Value [Line Items]
Derivative Liability, Notional Amount	9,922,000
Designated as Hedging Instrument | Interest Rate Swap [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	173,558,000
Designated as Hedging Instrument | Reclassify Next Year [Member]
Derivatives, Fair Value [Line Items]
Derivative Instruments in Hedges, at Fair Value, Net	$ 983,000
Maximum [Member]
Derivatives, Fair Value [Line Items]
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate	50.00%
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	70.00%
Minimum [Member]
Derivatives, Fair Value [Line Items]
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate	30.00%
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	50.00%

Derivative Instruments (Pretax

Derivative Instruments (Pretax effect of derivative instruments on the condensed consolidated statement of operations) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Designated as Hedging Instrument | Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	$ (90)	$ 300	$ (41)	$ 103
Designated as Hedging Instrument | Foreign exchange contracts | Cost of products sold
Derivatives, Fair Value [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	49	42	57	(58)
Designated as Hedging Instrument | Interest Rate Swap [Member] | Cost of products sold
Derivatives, Fair Value [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	207	(1,741)	(1,519)	(374)
Designated as Hedging Instrument | Interest Rate Swap [Member] | Interest Expense [Member]
Derivatives, Fair Value [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	0	159	359	407
Designated as Hedging Instrument | Cross Currency Interest Rate Contract [Member] | Cost of products sold
Derivatives, Fair Value [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	(3,218)	3,944	2,386	13,591
Designated as Hedging Instrument | Cross Currency Interest Rate Contract [Member] | Foreign currency exchange (gain) loss
Derivatives, Fair Value [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(4,012)	2,213	512	13,590
Derivatives Not Designated as Hedging Instruments | Foreign exchange contracts | Foreign currency exchange (gain) loss
Derivatives, Fair Value [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ 20	$ 52	$ 13	$ 45

Derivative Instruments (Derivat

Derivative Instruments (Derivative instruments in the condensed consolidated balance sheet) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Mar. 31, 2019
Designated as Hedging Instrument | Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	$ (90)	$ 300	$ (41)	$ 103
Designated as Hedging Instrument | Foreign exchange contracts | Accrued liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, fair value	(150)		(150)		$ (96)
Designated as Hedging Instrument | Foreign exchange contracts | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative assets, fair value	0		0		43
Designated as Hedging Instrument | Interest Rate Swap [Member] | Prepaid expenses and other
Derivatives, Fair Value [Line Items]
Derivative assets, fair value	0		0		470
Designated as Hedging Instrument | Interest Rate Swap [Member] | Accrued liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, fair value	(507)		(507)		0
Designated as Hedging Instrument | Interest Rate Swap [Member] | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative assets, fair value	0		0		743
Designated as Hedging Instrument | Interest Rate Swap [Member] | Other Noncurrent Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative liability, fair value	(751)		(751)		0
Designated as Hedging Instrument | Cross Currency Interest Rate Contract [Member] | Accrued liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, fair value	(173)		(173)		(774)
Designated as Hedging Instrument | Cross Currency Interest Rate Contract [Member] | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative liability, fair value	1,485		1,485		2,476
Designated as Hedging Instrument | Cross Currency Interest Rate Contract [Member] | Other Noncurrent Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative liability, fair value	(11,839)		(11,839)		(15,410)
Derivatives Not Designated as Hedging Instruments | Foreign exchange contracts | Accrued liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, fair value	(5)		(5)		$ (17)
Foreign currency exchange (gain) loss | Designated as Hedging Instrument | Cross Currency Interest Rate Contract [Member]
Derivatives, Fair Value [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(4,012)	2,213	512	13,590
Foreign currency exchange (gain) loss | Derivatives Not Designated as Hedging Instruments | Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Derivative, Gain (Loss) on Derivative, Net	20	52	13	45
Cost of products sold | Designated as Hedging Instrument | Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	49	42	57	(58)
Cost of products sold | Designated as Hedging Instrument | Interest Rate Swap [Member]
Derivatives, Fair Value [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	207	(1,741)	(1,519)	(374)
Cost of products sold | Designated as Hedging Instrument | Cross Currency Interest Rate Contract [Member]
Derivatives, Fair Value [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	(3,218)	3,944	2,386	13,591
Interest Expense [Member] | Designated as Hedging Instrument | Interest Rate Swap [Member]
Derivatives, Fair Value [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	$ 0	$ 159	$ 359	$ 407

Debt (Narratives) (Details)

Debt (Narratives) (Details) - USD ($)	3 Months Ended	9 Months Ended
	Dec. 31, 2019	Dec. 31, 2019	Mar. 31, 2019
Line of Credit Facility [Line Items]
New Credit Agreement 2017	$ 545,000,000	$ 545,000,000
Maximum availability under New Revolving Credit Facility	100,000,000	100,000,000
Outstanding borrowings	260,463,000	260,463,000
Debt Instrument, Periodic Payment, Principal	20,000,000	50,000,000
Current portion of long term debt	65,000,000	65,000,000	$ 65,000,000
Deferred Costs			14,690,000
Accumulated Amortization, Deferred Finance Costs	6,121,000	6,121,000	4,547,000
Unsecured credit lines	2,466,000	2,466,000
Amount drawn on unsecured credit lines		0
Proceeds from Secured Lines of Credit		445,000,000
Voluntary Debt Payment [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Periodic Payment, Principal	18,887,000	46,661,000
Current portion of long term debt	65,000,000	65,000,000
Required payments [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Periodic Payment, Principal	1,113,000	3,339,000
Current portion of long term debt	4,450,000	4,450,000
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Deferred Costs			2,789,000
Accumulated Amortization, Deferred Finance Costs	1,627,000	1,627,000	$ 1,209,000
New Revolving Credit Facility
Line of Credit Facility [Line Items]
Outstanding letters of credit	16,057,000	16,057,000
New Revolving Credit Facility | Standby Letters of Credit
Line of Credit Facility [Line Items]
Outstanding letters of credit	15,714,000	15,714,000
New Revolving Credit Facility | Letter of Credit
Line of Credit Facility [Line Items]
Outstanding letters of credit	343,000	343,000
New Revolving Credit Facility | Unsecured Lines of Credit
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	14,319,000	14,319,000
Outstanding borrowings	$ 10,134,000	$ 10,134,000

Net Periodic Benefit Cost (Narr

Net Periodic Benefit Cost (Narratives) (Details)	12 Months Ended
	Mar. 31, 2020USD ($)
Forecast [Member]
Defined Benefit Plan Disclosure [Line Items]
Planned contributions to pension plans in fiscal 2019	$ 11,092,000

Net Periodic Benefit Cost (Comp

Net Periodic Benefit Cost (Components of net periodic pension cost and net periodic postretirement benefit cost) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Pension Plans, Defined Benefiit
Defined Benefit Plan Disclosure [Line Items]
Service costs	$ 269	$ 255	$ 784	$ 791
Interest cost	3,701	3,864	11,077	11,629
Expected return on plan assets	(3,971)	(4,594)	(11,917)	(13,836)
Net amortization	573	572	1,714	1,750
Net periodic pension (benefit) cost	572	97	1,658	334
Other Postretirement Benefit Plans, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Interest cost	14	28	53	85
Net amortization	(74)	(112)	(154)	(136)
Net periodic pension (benefit) cost	$ (60)	$ (84)	$ (101)	$ (51)

Earnings Per Share (Narratives)

Earnings Per Share (Narratives) (Details) - USD ($)	Jan. 20, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted Average Number Diluted Shares Outstanding Adjustment		352,000	0	344,000	402,000
Deferred Compensation Arrangement with Individual, Common Stock Reserved for Future Issuance		1,981,000		1,981,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Other Increases (Decreases) in Period				236,000
Common Stock, Dividends, Per Share, Declared		$ 0.06	$ 0.05	$ 0.12	$ 0.10
2016 LTIP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total number of shares of common stock available for grant		2,500,000		2,500,000
Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount				234,000
Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount			1,267,000	131,000
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount					70,000
Subsequent Event [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividends	$ 1,425,000

Earnings Per Share (Computation

Earnings Per Share (Computation of basic and diluted earnings per share) (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2019	Dec. 31, 2018
Numerator for basic and diluted earnings per share:
Net income (loss)	$ 15,250	$ 16,599	$ 18,579	$ (782)	$ 15,912	$ 7,706	$ 50,428	$ 22,836
Denominators:
Average basic shares outstanding	23,679,000			23,348,000			23,581,000	23,245,000
Effect of dilutive employee stock options and other share-based awards	352,000			0			344,000	402,000
Average diluted shares outstanding	24,031,000			23,348,000			23,925,000	23,647,000

Loss Contingencies (Narratives)

Loss Contingencies (Narratives) (Details)	Aug. 02, 2012USD ($)	Aug. 02, 2012EUR (€)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Mar. 31, 2020USD ($)	Mar. 31, 2020EUR (€)
Loss Contingencies [Line Items]
Loss Contingency Accrual			$ 11,781,000		$ 11,781,000
Estimation of asbestos-related aggregate liability that is probable and estimable			4,864,000		4,864,000
Insurance Recoveries			77,000	$ 300,000	366,000	$ 430,000
Estimation of product-related aggregate liability			6,033,000		6,033,000
Loss Contingency Alleged Taxes Owed	$ 7,500,000	€ 6,700,000
Loss Contingency Alleged Taxes Owed Including Penalties And Interest	$ 3,100,000	€ 2,800,000
Accrual for Environmental Loss Contingencies			1,184,000		1,184,000
Estimated Litigation Liability			75,000		75,000
Minimum [Member]
Loss Contingencies [Line Items]
Product Liability Contingency, Third Party Recovery					2,000,000
Estimation of asbestos-related aggregate liability that is probable and estimable			3,600,000		3,600,000
Maximum [Member]
Loss Contingencies [Line Items]
Product Liability Contingency, Third Party Recovery					6,000,000
Estimation of asbestos-related aggregate liability that is probable and estimable			6,500,000		6,500,000
Magnetek [Member]
Loss Contingencies [Line Items]
Estimation of asbestos-related aggregate liability that is probable and estimable			767,000		767,000
Accrual for Environmental Loss Contingencies			532,000		532,000
Fiscal year 2004 [Member] | Minimum [Member]
Loss Contingencies [Line Items]
Product Liability Contingency, Third Party Recovery					3,000,000
Fiscal year 2003 [Member] | Minimum [Member]
Loss Contingencies [Line Items]
Product Liability Contingency, Third Party Recovery					2,000,000
Other Noncurrent Liabilities [Member]
Loss Contingencies [Line Items]
Loss Contingency Accrual			8,243,000		8,243,000
Accrued Liabilities
Loss Contingencies [Line Items]
Loss Contingency Accrual, Product Liability, Gross			3,538,000		3,538,000
Forecast [Member]
Loss Contingencies [Line Items]
Asbestos liability payments							$ 2,000,000
Loss settlement gross period							12 months	12 months
Loss Contingency Alleged Taxes Owed							$ 2,100,000	€ 1,900,000
Loss Contingency Alleged Taxes Owed Including Penalties And Interest							$ 2,900,000	€ 2,600,000
Forecast [Member] | Minimum [Member]
Loss Contingencies [Line Items]
Loss contingency period							37 years	37 years
DEP [Member] | Magnetek [Member]
Loss Contingencies [Line Items]
Accrual for Environmental Loss Contingencies			$ 409,000		$ 409,000

Income Taxes (Narratives) (Deta

Income Taxes (Narratives) (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Mar. 31, 2020
Income Tax [Line Items]
Effective Income Tax Rate Reconciliation, Percent	13.00%	134.00%	20.00%	29.00%
Income tax expense as a percentage of income from continuing operations	21.00%
Tax Cuts and Jobs Act, Measurement Period Adjustment, Increase (Decrease) in Effective Tax Rate	11	215	3	15
Tax Cuts and Jobs Act, Change in Tax Rate, Income Tax Expense (Benefit)	$ 1,909,000
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent		100.00%		7.00%
Minimum [Member] | Scenario, Forecast
Income Tax [Line Items]
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent					21.00%
Maximum [Member] | Scenario, Forecast
Income Tax [Line Items]
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent					22.00%

Changes in Other Comprehensiv_3

Changes in Other Comprehensive Loss (Narrative) (Details) - USD ($)		3 Months Ended	9 Months Ended
		Dec. 31, 2019	Dec. 31, 2019	Sep. 30, 2018
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Beginning balance net of tax		$ (90,908,000)	$ (83,052,000)
Other comprehensive income (loss) before reclassification		1,811,000	(1,945,000)
Amounts reclassified from other comprehensive loss		4,337,000	237,000
Net current period other comprehensive income (loss)		6,148,000	(1,708,000)
Ending balance net of tax		(84,760,000)	(84,760,000)
Retirement Obligations
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Beginning balance net of tax		(54,962,000)	(55,145,000)
Other comprehensive income (loss) before reclassification		(567,000)	(1,175,000)
Amounts reclassified from other comprehensive loss		374,000	1,165,000
Net current period other comprehensive income (loss)		(193,000)	(10,000)
Ending balance net of tax		(55,155,000)	(55,155,000)
Foreign currency exchange (gain) loss
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Beginning balance net of tax		(32,430,000)	(25,355,000)
Other comprehensive income (loss) before reclassification		5,479,000	(1,596,000)
Amounts reclassified from other comprehensive loss		0	0
Net current period other comprehensive income (loss)		5,479,000	(1,596,000)
Ending balance net of tax		(26,951,000)	(26,951,000)
Change in Derivatives Qualifying as Hedges
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from other comprehensive loss		5,292,000	(1,239,000)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax		3,963,000	(928,000)
Tax expense | Retirement Obligations
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from other comprehensive loss		(125,000)	(395,000)
Tax expense | Change in Derivatives Qualifying as Hedges
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from other comprehensive loss		(1,329,000)	311,000
Cost of products sold | Retirement Obligations
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from other comprehensive loss	[1]	499,000	1,560,000
Cost of products sold | Change in Derivatives Qualifying as Hedges
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from other comprehensive loss		(65,000)	(76,000)
Interest Expense [Member] | Change in Derivatives Qualifying as Hedges
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from other comprehensive loss		0	(479,000)
Foreign currency exchange (gain) loss | Change in Derivatives Qualifying as Hedges
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from other comprehensive loss		5,357,000	(684,000)
Change in Derivatives Qualifying as Hedges
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Beginning balance net of tax		(3,516,000)	(2,552,000)
Other comprehensive income (loss) before reclassification		(3,101,000)	826,000
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax		3,963,000	(928,000)
Net current period other comprehensive income (loss)		862,000	(102,000)
Ending balance net of tax		$ (2,654,000)	$ (2,654,000)
Accounting Standards Update 2016-01 [Member]
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Cumulative Effect of New Accounting Principle in Period of Adoption				$ (888,000)
[1]	14. Changes in Accumulated Other Comprehensive Loss Changes in AOCL by component for the three and nine-month period ended December 31, 2019 are as follows (in thousands): Three months ended December 31, 2019 Retirement Obligations Foreign Currency Change in Derivatives Qualifying as Hedges Total Beginning balance net of tax $ (54,962 ) $ (32,430 ) $ (3,516 ) $ (90,908 ) Other comprehensive income (loss) before reclassification (567 ) 5,479 (3,101 ) 1,811 Amounts reclassified from other comprehensive loss 374 — 3,963 4,337 Net current period other comprehensive income (loss) (193 ) 5,479 862 6,148 Ending balance net of tax $ (55,155 ) $ (26,951 ) $ (2,654 ) $ (84,760 ) Nine months ended December 31, 2019 Retirement Obligations Foreign Currency Change in Derivatives Qualifying as Hedges Total Beginning balance net of tax $ (55,145 ) $ (25,355 ) $ (2,552 ) $ (83,052 ) Other comprehensive income (loss) before reclassification (1,175 ) (1,596 ) 826 (1,945 ) Amounts reclassified from other comprehensive loss 1,165 — (928 ) 237 Net current period other comprehensive income (loss) (10 ) (1,596 ) (102 ) (1,708 ) Ending balance net of tax $ (55,155 ) $ (26,951 ) $ (2,654 ) $ (84,760 ) Details of amounts reclassified out of AOCL for the three-month period ended December 31, 2019 are as follows (in thousands): Details of AOCL Components Amount reclassified from AOCL Affected line item on Condensed Consolidated Statement of Operations Net amortization of prior service cost and pension settlement $ 499 (1) 499 Total before tax (125 ) Tax (benefit) expense $ 374 Net of tax Change in derivatives qualifying as hedges $ (65 ) Cost of products sold — Interest expense 5,357 Foreign currency 5,292 Total before tax (1,329 ) Tax (benefit) expense $ 3,963 Net of tax Details of amounts reclassified out of AOCL for the nine-month period ended December 31, 2019 are as follows (in thousands): Details of AOCL Components Amount reclassified from AOCL Affected line item on Condensed Consolidated Statement of Operations Net amortization of prior service cost and pension settlement $ 1,560 (1) 1,560 Total before tax (395 ) Tax (benefit) expense $ 1,165 Net of tax Change in derivatives qualifying as hedges $ (76 ) Cost of products sold (479 ) Interest expense (684 ) Foreign currency (1,239 ) Total before tax 311 Tax (benefit) expense $ (928 ) Net of tax (1) These AOCL components are included in the computation of net periodic pension cost. (See Note 10 — Net Periodic Benefit Cost for additional details.)

Effects of New Accounting Pro_2

Effects of New Accounting Pronouncements Effects of New Accounting Pronouncements (Details) - USD ($)	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Mar. 31, 2018
Cash and Cash Equivalents, at Carrying Value	$ 84,014,000	$ 71,093,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$ 84,264,000	$ 71,343,000	$ 58,329,000		$ 63,565,000
Accounting Standards Update 2016-01 [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption				$ 888,000

Subsequent Events (Details)

Subsequent Events (Details)	Jan. 20, 2020USD ($)
Subsequent Event [Member]
Subsequent Event [Line Items]
Dividends	$ 1,425,000

Leases (Details)

Leases (Details) - USD ($)	3 Months Ended	9 Months Ended
	Dec. 31, 2019	Dec. 31, 2019	Mar. 31, 2019
Operating Lease, Payments		$ 6,636,000
Operating Lease, Liability	$ 37,921,000	37,921,000
Operating Lease, Right-of-Use Asset	37,729,000	37,729,000	$ 35,553,000
Operating Lease, Liability, Current	7,098,000	7,098,000
Operating Lease, Liability, Noncurrent	$ 30,823,000	$ 30,823,000
Operating Lease, Weighted Average Remaining Lease Term	7 years 18 days	7 years 18 days
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability		$ 7,808,000
Lessee, Operating Lease, Liability, Payments, Due Next Twelve Months	$ 2,242,000	2,242,000
Operating Lease, Cost	2,299,000	6,833,000
Short-term Lease, Cost	0	0
Sublease Income	0	0
Variable Lease, Cost	0	0
Lessee, Operating Lease, Liability, Payments, Due Year Two	8,097,000	8,097,000
Lessee, Operating Lease, Liability, Payments, Due Year Three	6,705,000	6,705,000
Lessee, Operating Lease, Liability, Payments, Due Year Four	6,031,000	6,031,000
Lessee, Operating Lease, Liability, Payments, Due Year Five	4,687,000	4,687,000
Lessee, Operating Lease, Liability, Payments, Due after Year Five	16,498,000	16,498,000
Lessee, Operating Lease, Liability, Payments, Due	44,260,000	44,260,000
Receivable with Imputed Interest, Discount	$ 6,339,000	$ 6,339,000
Operating Lease, Weighted Average Discount Rate, Percent	4.13%	4.13%
Minimum [Member]
Lessee, Operating Lease, Term of Contract	1 year	1 year
Maximum [Member]
Lessee, Operating Lease, Term of Contract	15 years	15 years