Triumph (TGI) 10-Q 3 Aug 22 2023 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jun. 30, 2022	Aug. 01, 2022
Document Information [Line Items]
Document Period End Date	Jun. 30, 2022
Entity Registrant Name	TRIUMPH GROUP, INC.
Entity Central Index Key	0001021162
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		64,970,204
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	51-0347963
Entity File Number	1-12235
Entity Address, Address Line One	899 Cassatt Road
Entity Address, Address Line Two	Suite 210
Entity Address, City or Town	Berwyn
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	19312
City Area Code	610
Local Phone Number	251-1000
Document Quarterly Report	true
Document Transition Report	false
Common Stock [Member]
Document Information [Line Items]
Title of 12(b) Security	Common Stock, par value $.001 per share
Trading Symbol	TGI
Security Exchange Name	NYSE
Purchase Rights [Member]
Document Information [Line Items]
Title of 12(b) Security	Purchase Rights
No Trading Symbol Flag	true
Security Exchange Name	NYSE

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022
Current assets:
Cash and cash equivalents	$ 134,636	$ 240,878
Trade and other receivables, less allowance for credit losses of $8,241 and $7,940	168,104	178,663
Contract assets	97,394	101,828
Inventory, net	379,929	361,692
Prepaid expenses and other current assets	26,144	19,903
Assets held for sale	78,794	60,104
Total current assets	885,001	963,068
Property and equipment, net	165,670	169,050
Goodwill	507,988	513,722
Intangible assets, net	81,875	84,850
Other, net	26,927	30,476
Total assets	1,667,461	1,761,166
Current liabilities:
Current portion of long-term debt	2,968	3,268
Accounts payable	132,734	161,534
Contract liabilities	53,914	171,763
Accrued expenses	168,818	208,059
Liabilities related to assets held for sale	185,096	57,519
Total current liabilities	543,530	602,143
Long-term debt, less current portion	1,587,073	1,586,222
Accrued pension and other postretirement benefits	287,621	301,303
Deferred income taxes	7,256	7,213
Other noncurrent liabilities	47,268	51,708
Stockholders' deficit:
Common stock, $.001 par value, 100,000,000 shares authorized, 64,920,381 and 64,629,279 shares issued; 64,920,381 and 64,614,382 shares outstanding	65	64
Capital in excess of par value	971,390	973,112
Treasury stock, at cost, 0 and 14,897 shares		(96)
Accumulated other comprehensive loss	(469,251)	(463,354)
Accumulated deficit	(1,307,491)	(1,297,149)
Total stockholders' deficit	(805,287)	(787,423)
Total liabilities and stockholders' deficit	$ 1,667,461	$ 1,761,166

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022
Statement of Financial Position [Abstract]
Allowance for credit losses	$ 8,241	$ 7,940
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	64,920,381	64,629,279
Common stock, shares outstanding	64,920,381	64,614,382
Treasury stock, shares	0	14,897

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Net sales	$ 349,384	$ 396,646
Operating costs and expenses:
Cost of sales (exclusive of depreciation shown separately below)	272,400	293,678
Selling, general and administrative	51,745	56,251
Depreciation and amortization	9,806	15,431
Restructuring	699	4,485
Loss on sale of assets and businesses		5,969
Operating Expenses	334,650	375,814
Operating income	14,734	20,832
Non-service defined benefit (income) expense	(8,586)	1,722
Debt extinguishment loss		9,689
Interest expense and other, net	31,912	38,558
Loss from continuing operations before income taxes	(8,592)	(29,137)
Income tax expense	1,750	1,214
Net loss	$ (10,342)	$ (30,351)
Loss per share - basic
Net loss	$ (0.16)	$ (0.47)
Weighted average common shares outstanding—basic	64,820	64,299
Loss per share - diluted
Net loss	$ (0.16)	$ (0.47)
Weighted average common shares outstanding—diluted	64,820	64,299

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net loss	$ (10,342)	$ (30,351)
Other comprehensive (loss) income:
Foreign currency translation adjustment	(10,382)	2,749
Amounts arising during the period - net of tax expense
Actuarial gain, net of taxes of $0 and $0, respectively		10,343
Reclassification to net loss - net of expense
Amortization of net (gain) loss, net of taxes of $0 and $0, respectively	(1,251)	8,478
Recognized prior service cost, net of taxes of $0 and $0, respectively	6,574	1,808
Total defined benefit pension plans and other postretirement benefits income, net of taxes	5,323	20,629
Cash flow hedges:
Unrealized loss arising during the period, net of tax expense of $0 and $0 respectively	(470)	(1,719)
Reclassification of (loss) gain included in net earnings, net of tax expense of $0 and $0 respectively	(368)	1,013
Net unrealized loss on cash flow hedges, net of tax	(838)	(706)
Total other comprehensive (loss) income	(5,897)	22,672
Total comprehensive loss	$ (16,239)	$ (7,679)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Unamortized Gain (Loss) Arising During the Period, Tax	$ 0	$ 0
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net (Gain) Loss, Tax	0	0
Other Comprehensive Income (Loss), Amortization Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Prior Service Cost, Tax	0	0
Other Comprehensive Income (Loss), Unrealized Loss on Derivatives Arising During Period, Tax	0	0
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax	$ 0	$ 0

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Stockholders' Deficit - USD ($) $ in Thousands	Total	Common Stock [Member]	Capital in Excess of Par Value [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Loss [Member]		Accumulated Deficit [Member]
Balance at Mar. 31, 2021	$ (818,853)	$ 64	$ 978,272	$ (12,606)	$ (530,192)	[1]	$ (1,254,391)
Balance (in shares) at Mar. 31, 2021		64,185,001
Net loss	(30,351)						(30,351)
Foreign currency translation adjustment	2,749				2,749
Pension liability adjustment, net of income taxes	20,629				20,629
Change in fair value of foreign currency hedges, net of income taxes	(706)				(706)
Share-based compensation	2,470		(11,505)	13,975
Share-based compensation, shares		355,821
Repurchase of shares for share-based compensation minimum tax obligation	(2,336)			(2,336)
Repurchase of shares for share-based compensation minimum tax obligation, shares		(116,796)
Employee stock purchase plan	172		(235)	407
Employee stock purchase plan, shares		9,794
Balance at Jun. 30, 2021	(826,226)	$ 64	966,532	(560)	(507,520)	[1]	(1,284,742)
Balance (in shares) at Jun. 30, 2021		64,433,820
Balance at Mar. 31, 2022	(787,423)	$ 64	973,112	(96)	(463,354)	[1]	(1,297,149)
Balance (in shares) at Mar. 31, 2022		64,614,382
Net loss	(10,342)						(10,342)
Foreign currency translation adjustment	(10,382)				(10,382)
Pension liability adjustment, net of income taxes	5,323				5,323
Change in fair value of foreign currency hedges, net of income taxes	(838)				(838)
Share-based compensation	1,657	$ 1	1,656
Share-based compensation, shares		471,676
Repurchase of shares for share-based compensation minimum tax obligation	(3,442)			(3,442)
Repurchase of shares for share-based compensation minimum tax obligation, shares		(172,282)
Retirement of treasury shares			(3,538)	$ 3,538
Employee stock purchase plan	160		160
Employee stock purchase plan, shares		6,605
Balance at Jun. 30, 2022	$ (805,287)	$ 65	$ 971,390		$ (469,251)	[1]	$ (1,307,491)
Balance (in shares) at Jun. 30, 2022		64,920,381
[1] Net of tax

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Stockholders' Deficit (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Statement Of Stockholders Equity Parenthetical [Abstract]
Other comprehensive (income) loss, defined benefit plan, after reclassification adjustment, tax	$ 0	$ 0
Other comprehensive income (loss), tax	$ 0	$ 0

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Operating Activities
Net loss	$ (10,342)	$ (30,351)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	9,806	15,431
Amortization of acquired contract liability	(523)	(1,214)
Loss on sale of assets and businesses		5,969
Curtailments, settlements, and special termination benefits loss, net		16,078
Other amortization included in interest expense	1,562	4,002
Provision for (recovery of) credit losses	200	(28)
Share-based compensation	1,578	2,247
Changes in other assets and liabilities, excluding the effects of acquisitions and divestitures:
Trade and other receivables	4,474	(1,321)
Contract assets	(8,638)	(4,426)
Inventories	(19,190)	(9,354)
Prepaid expenses and other current assets	(7,538)	(3,633)
Accounts payable, accrued expenses, and contract liabilities	(56,352)	(128,922)
Accrued pension and other postretirement benefits	(8,322)	(13,713)
Other, net	255	(279)
Net cash used in operating activities	(93,030)	(149,514)
Investing Activities
Capital expenditures	(3,044)	(2,112)
(Payments on) proceeds from sale of assets and businesses	(2,322)	180,478
Purchase of facility related to divested businesses		(21,550)
Net cash (used in) provided by investing activities	(5,366)	156,816
Financing Activities
Retirement of debt and finance lease obligations	(990)	(350,688)
Premium on redemption of first lien notes		(7,489)
Repurchase of shares for share-based compensation minimum tax obligation	(3,442)	(2,336)
Net cash used in financing activities	(4,432)	(360,513)
Effect of exchange rate changes on cash	(3,414)	815
Net change in cash and cash equivalents	(106,242)	(352,396)
Cash and cash equivalents at beginning of period	240,878	589,882
Cash and cash equivalents at end of period	$ 134,636	$ 237,486

Background and Basis of Present

Background and Basis of Presentation	3 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Background and Basis of Presentation	1. BACKGROUND AND BASIS OF PRESENTATION The accompanying unaudited condensed consolidated financial statements of Triumph Group, Inc. ("Triumph") have been prepared in conformity with accounting principles generally accepted in the United States ("U.S. GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, the interim financial information includes all adjustments of a normal recurring nature necessary for a fair presentation of the results of operations, financial position, and cash flows. The results of operations for the three months ended June 30, 2022 and 2021, are not necessarily indicative of results that may be expected for the year ending March 31, 2023. The accompanying condensed consolidated financial statements are unaudited and should be read in conjunction with the fiscal 2022 audited consolidated financial statements and notes thereto included in the Company's Form 10-K for the fiscal year ended March 31, 2022, filed with the Securities and Exchange Commission (the "SEC") on May 23, 2022. Triumph is a Delaware corporation that, through its operating subsidiaries, designs, engineers, manufactures, and sells products for global aerospace original equipment manufacturers ("OEMs") of aircraft and aircraft components and repairs and overhauls aircraft components and accessories for commercial airline, air cargo carrier, and military customers on a worldwide basis. Triumph and its subsidiaries (collectively, the "Company") are organized based on the products and services that they provide. The Company has two reportable segments: Systems & Support and Aerospace Structures. Systems & Support consists of the Company’s operations that provide integrated solutions, including design; development; and support of proprietary components, subsystems and systems, as well as production of complex assemblies using external designs. Capabilities include hydraulic, mechanical and electromechanical actuation, power and control; a complete suite of aerospace gearbox solutions, including engine accessory gearboxes and helicopter transmissions; active and passive heat exchange technology; fuel pumps, fuel metering units, and Full Authority Digital Electronic Control fuel systems; and hydromechanical and electromechanical primary and secondary flight controls. Systems & Support also provides full life cycle solutions for commercial, regional, and military aircraft. The Company’s extensive product and service offerings include full post-delivery value chain services that simplify the maintenance, repair, and overhaul (“MRO”) supply chain. Through its ground support equipment maintenance, component MRO, and post-production supply chain activities, Systems & Support is positioned to provide integrated planeside repair solutions globally. Capabilities include repair services for metallic and composite aircraft structures; nacelles; thrust reversers; interiors; auxiliary power units; and a wide variety of pneumatic, hydraulic, fuel, and mechanical accessories. Repair services generally involve the replacement and/or remanufacturing of parts, which is similar to the original manufacture of the part. The processes that the Company performs related to repair and overhaul services are essentially the repair of wear parts or the replacement of parts that are beyond economic repair. The repair service generally involves remanufacturing a complete part or a component of a part. Aerospace Structures consists of the Company’s operations that supply commercial, business, and regional manufacturers with large metallic and composite structures and aircraft interior systems, including air ducting and thermal acoustic insulations systems. Products include wings; wing boxes; fuselage panels; horizontal and vertical tails; subassemblies such as floor grids; and aircraft interior systems, including air ducting and thermal acoustic insulation systems. Aerospace Structures also has the capability to engineer detailed structural designs in metal and composites. Capabilities include advanced composite and interior structures, joining processes such as welding, and conventional mechanical fasteners. The accompanying condensed consolidated financial statements include the accounts of Triumph and its wholly-owned subsidiaries. Intercompany accounts and transactions have been eliminated from the accompanying condensed consolidated financial statements.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Use of Estimates The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Revenue Recognition and Contract Balances The Company's revenue is principally from contracts with customers to provide design, development, manufacturing, and support services associated with specific customer programs. The Company regularly enters into long-term master supply agreements that establish general terms and conditions and may define specific program requirements. Many agreements include clauses that provide sole supplier status to the Company for the duration of the program’s life. Purchase orders (or authorizations to proceed) are issued pursuant to the master supply agreements. Additionally, a majority of the Company’s agreements with customers include options for future purchases. Such options primarily reduce the administrative effort of issuing subsequent purchase orders and do not represent material rights granted to customers. The Company generally enters into agreements directly with its customers and is the principal in all current contracts. The identification of a contract with a customer for purposes of accounting and financial reporting requires an evaluation of the terms and conditions of agreements to determine whether presently enforceable rights and obligations exist. Management considers a number of factors when making this evaluation that include, but are not limited to, the nature and substance of the business exchange, the specific contractual terms and conditions, the promised products and services, the termination provisions in the contract, as well as the nature and execution of the customer’s ordering process and how the Company is authorized to perform work. Generally, presently enforceable rights and obligations are not created until a purchase order is issued by a customer for a specified number of units of product or services. Therefore, the issuance of a purchase order is generally the point at which a contract is identified for accounting and financial reporting purposes. Management identifies the promises to the customer. Promises are generally explicitly stated in each contract, but management also evaluates whether any promises are implied based on the terms of the agreement, past business practice, or other facts and circumstances. Each promise is evaluated to determine if it is a performance obligation. A performance obligation is a promise in a contract to transfer a distinct good or service. The Company considers a number of factors when determining whether a promise is a distinct performance obligation, including whether the customer can benefit from the good or service on its own or together with other resources that are readily available to the customer, whether the Company provides a significant service of integrating goods or services to deliver a combined output to the customer, or whether the goods or services are highly interdependent. The Company’s performance obligations consist of a wide range of engineering design services and manufactured components, as well as spare parts and repairs for OEMs. The transaction price for a contract reflects the consideration the Company expects to receive for fully satisfying the performance obligations in the contract. Typically, the transaction price consists solely of fixed consideration but may include variable consideration for contractual provisions such as unpriced contract modifications, cost-sharing provisions, and other receipts or payments to customers. The Company identifies and estimates variable consideration, typically at the most likely amount the Company expects to receive from its customers. Variable consideration is only included in the transaction price to the extent it is probable that a significant reversal of cumulative revenue recognized for the contract will not occur, or when the uncertainty associated with the variable consideration is resolved. Consideration paid or payable to a customer is reflected as a reduction in net revenues when the amounts paid are not related to a distinct good or service at the later of when the related revenue is recognized or when the Company pays or promises to pay the consideration to the customer. The Company's contracts with customers generally require payment under normal commercial terms after delivery with payment typically required within 30 to 120 days of delivery. However, a subset of the Company’s current contracts includes significant financing components because the timing of the transfer of the underlying products and services under contract are at the customers’ discretion. For these contracts, the Company adjusts the transaction price to reflect the effects of the time value of money. The Company generally is not subject to collecting sales tax and has made an accounting policy election to exclude from the transaction price any sales and other similar taxes collected from customers. As a result, any such collections are accounted for on a net basis. The total transaction price is allocated to each of the identified performance obligations using the relative stand-alone selling price. The objective of the allocation is to reflect the consideration that the Company expects to receive in exchange for the products or services associated with each performance obligation. Stand-alone selling price is the price at which the Company would sell a promised good or service separately to a customer. Stand-alone selling prices are established at contract inception, and subsequent changes in transaction price are allocated on the same basis as at contract inception. When stand-alone selling prices for the Company’s products and services are not observable, the Company uses either the “Expected Cost Plus a Margin” or "Adjusted Market Assessment" approaches to estimate stand-alone selling price. Expected costs are typically derived from the available periodic forecast information. Revenue is recognized when or as control of promised products or services transfers to a customer and is recognized at the amount allocated to each performance obligation associated with the transferred products or services. Service sales, principally representing repair, maintenance, and engineering activities are recognized over the contractual period or as services are rendered. Sales under long-term contracts with performance obligations satisfied over time are recognized using either an input or output method. The Company recognizes revenue over time as it performs on these contracts because of the continuous transfer of control to the customer as represented by contractual terms that entitle the Company to the reimbursement of costs plus a reasonable profit for work performed to manufacture products for which the Company has no alternate use or for work performed on a customer-owned asset. With control transferring over time, revenue is recognized based on the extent of progress toward completion of the performance obligation. The Company generally uses the cost-to-cost input method of progress for its contracts because it best depicts the transfer of control to the customer that occurs as work progresses. Under the cost-to-cost method, the extent of progress toward completion is measured based on the proportion of costs incurred to date to the total estimated costs at completion of the performance obligation. The Company reviews its cost estimates on contracts on a periodic basis, or when circumstances change and warrant a modification to a previous estimate. Cost estimates are largely based on negotiated or estimated purchase contract terms, historical performance trends, and other economic projections. Significant factors that influence these estimates include inflationary trends, technical and schedule risk, internal and subcontractor performance trends, business volume assumptions, asset utilization, and anticipated labor agreements. Revenue and cost estimates are regularly monitored and revised based on changes in circumstances. Impacts from changes in estimates of net sales and cost of sales are recognized on a cumulative catch-up basis, which recognizes in the current period the cumulative effect of the changes on current and prior periods based on a performance obligation’s percentage of completion. Forward loss reserves for anticipated losses on long-term contracts are recorded in full when such losses become evident, to the extent required, and are included in contract liabilities on the accompanying condensed consolidated balance sheets. The Company believes that the accounting estimates and assumptions made by management are appropriate given the increased uncertainties surrounding the severity and duration of the impacts of the COVID-19 pandemic; however, actual results could differ materially from those estimates. For the three months ended June 30, 2022, cumulative catch-up adjustments resulting from changes in contract values and estimated costs that arose during the fiscal year increased net sales and operating income by approximately $ 11,747 and $ 10,694 , respectively, and decreased net loss and loss per share by approximately $ 10,694 , and $ 0.16 , respectively. For the three months ended June 30, 2021, cumulative catch-up adjustments resulting from changes in estimates increased revenue and operating income by approximately $ 8,737 and $ 14,937 and decreased net loss and loss per share $ 14,937 , and $ 0.23 , respectively. Revenues for performance obligations that are not recognized over time are recognized at the point in time when control transfers to the customer. For performance obligations that are satisfied at a point in time, the Company evaluates the point in time when the customer can direct the use of and obtain the benefits from the products and services. Generally, the shipping terms determine the point in time when control transfers to customers. Shipping and handling activities are not considered performance obligations and related costs are included in cost of sales as incurred. Differences in the timing of revenue recognition and contractual billing and payment terms result in the recognition contract assets and liabilities. Refer to Note 4 for further discussion. Concentration of Credit Risk The Company’s trade and other accounts receivable are exposed to credit risk. However, the risk is limited due to the diversity of the customer base and the customer base’s wide geographical area. Trade accounts receivable from The Boeing Company ("Boeing") (representing commercial, military, and space) represented approximately 20 % and 17 % of total trade accounts receivable as of June 30, 2022 and March 31, 2022, respectively. Trade and other accounts receivable from Qarbon Aerospace Inc. include receivables that largely correspond with payables associated with transition services and represented approximately 6 % and 11 % of total trade accounts receivable as of June 30, 2022 and March 31, 2022, respectively. The Company had no other concentrations of credit risk of more than 10%. Sales to Boeing for the three months ended June 30, 2022, were $ 118,303 , or 34 % of net sales, of which $ 39,588 and $ 78,715 were from Systems & Support and Aerospace Structures, respectively. Sales to Boeing for the three months ended June 30, 2021, were $ 142,102 , or 36 % of net sales, of which $ 40,053 and $ 102,049 were from Systems & Support and Aerospace Structures, respectively. No other single customer accounted for more than 10% of the Company’s net sales. However, the loss of any significant customer could have a material adverse effect on the Company and its operating subsidiaries. Fair Value Measurements Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. When determining fair value measurements for assets and liabilities required to be recorded or disclosed at fair value, the Company considers the principal or most advantageous market in which it would transact and also considers assumptions that market participants would use when pricing an asset or liability. The fair value hierarchy has three levels of inputs that may be used to measure fair value: Level 1—Unadjusted quoted prices in active markets for identical assets or liabilities; Level 2—Unadjusted quoted prices in active markets for similar assets or liabilities, or unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or inputs other than quoted prices that are observable for the asset or liability; and Level 3—Unobservable inputs for the asset or liability. The Company has applied fair value measurements when comparing the carrying value of assets held for sale with the related fair value less cost to sell (see Note 3), when disclosing the fair value of its long-term debt not recorded at fair value (see Note 6), and to its pension and postretirement plan assets (see Note 9). Supplemental Cash Flow Information In November 2021, the Company entered into an agreement with the DOT under the AMJP for a grant of up to $ 21,259 . The receipt of the full award was primarily conditioned upon the Company committing to not furlough or lay off a defined group of employees during the six-month period of performance between November 2021 and May 2022. The Company received approximately $ 19,400 under the agreement, and, in July, received a letter from the DOT confirming that we had satisfied the reporting requirements under the AMJP. In the three months ended June 30, 2022, we recognized as a reduction in cost of sales approximately $ 5,000 representing the final balance of the earned grant benefit. For the three months ended June 30, 2022, the Company paid $ 1,159 for income taxes, net of income tax refunds received. For the three months ended June 30, 2021, the Company paid $ 485 for income taxes, net of income tax refunds received.

Divested Operations and Assets

Divested Operations and Assets Held For Sale	3 Months Ended
	Jun. 30, 2022
Discontinued Operations and Disposal Groups [Abstract]
Divested Operations and Assets Held For Sale	3. DIVESTED OPERATIONS AND ASSETS HELD FOR SALE Assets Held for Sale In January 2022, the Company’s Board of Directors committed to a plan to sell its manufacturing operations located in Stuart, Florida. In February 2022, the Company entered into a definitive agreement with the buyer of these manufacturing operations. As disclosed in Note 13, this transaction closed in July 2022 and is expected to result in a gain. The operating results of the Stuart, Florida, operations are included within the Aerospace Structures reportable segment. Fiscal 2022 Divestitures In May 2020, the Company’s Board of Directors committed to a plan to sell its composites manufacturing operations located in Milledgeville, Georgia and Rayong, Thailand. In August 2020, the Company entered into a definitive agreement with the buyer of the composites manufacturing operations in Georgia and Thailand. In February 2021, the Company entered into a definitive agreement to sell its large structure manufacturing operations in Red Oak, Texas, to the same buyer of the Milledgeville and Rayong composites manufacturing operations. These transactions closed in May 2021. Upon the completion of the sale of the composites and large structure manufacturing operations, the Company received proceeds of approximately $ 155,000 net of the purchase of a facility related to the divestiture and other transaction costs and recognized an additional loss of approximat ely $ 6,000 , which is presented on the accompanying condensed consolidated statements of operations within loss on sale of assets and businesses for the three months ended June 30, 2021. The loss was primarily the result of changes in the working capital balances of the disposal group from March 31, 2021, to the date of divestiture. The operating results of these related operations are included within the Aerospace Structures reportable segment through the date of divestiture. As a result of the completed sale of these manufacturing operations, the Company recognized a pension curtailment charge of approximately $ 16,000 during the three months ended June 30, 2021. In August 2021, the Company's Board of Directors committed to a plan to sell and license certain legacy product lines of the Company's Staverton, United Kingdom operations. The transaction includes the existing facility and select product lines associated with the site. The transaction closed in October 2021 for net proceeds of approximately $ 34,000 , and the effect on earnings was insignificant. The operating results of the Staverton, United Kingdom, manufacturing operations were included within the Systems & Support reportable segment through the date of divestiture.

Revenue Recognition and Contrac

Revenue Recognition and Contracts with Customers	3 Months Ended
	Jun. 30, 2022
Change in Contract with Customer, Asset and Liability [Abstract]
Revenue Recognition and Contracts with Customers	4. REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS Disaggregation of Revenue The Company disaggregates revenue based on the method of measuring satisfaction of the performance obligation either over time or at a point in time. Additionally, the Company disaggregates revenue based upon the end market where products and services are transferred to the customer. The Company’s principal operating segments and related revenue are discussed in Note 11, Segments. The following table shows disaggregated net sales satisfied overtime and at a point in time (excluding intercompany sales) for the three months ended June 30, 2022 and 2021: Three Months Ended 2022 2021 Systems & Support Satisfied over time $ 120,718 $ 118,981 Satisfied at a point in time 133,402 138,222 Revenue from contracts with customers 254,120 257,203 Amortization of acquired contract liabilities 523 1,202 Total revenue 254,643 258,405 Aerospace Structures Satisfied over time $ 89,592 $ 129,523 Satisfied at a point in time 5,149 8,706 Revenue from contracts with customers 94,741 138,229 Amortization of acquired contract liabilities — 12 Total revenue 94,741 138,241 $ 349,384 $ 396,646 The following table shows disaggregated net sales by end market (excluding intercompany sales) for the three months ended June 30, 2022 and 2021: Three Months Ended 2022 2021 Systems & Support OEM Commercial $ 78,020 $ 59,239 OEM Military 56,936 76,695 MRO Commercial 60,039 55,847 MRO Military 50,946 59,112 Non-aviation 8,179 6,310 Revenue from contracts with customers 254,120 257,203 Amortization of acquired contract liabilities 523 1,202 Total revenue $ 254,643 $ 258,405 Aerospace Structures OEM Commercial $ 90,519 $ 121,692 OEM Military 28 12,651 MRO Commercial 3,144 2,816 MRO Military — 1,052 Non-aviation 1,050 18 Revenue from contracts with customers 94,741 138,229 Amortization of acquired contract liabilities — 12 Total revenue 94,741 138,241 $ 349,384 $ 396,646 Contract Assets and Liabilities Contract assets primarily represent revenues recognized for performance obligations that have been satisfied or partially satisfied but for which amounts have not been billed. This typically occurs when revenue is recognized over time but the Company's contractual right to bill the customer and receive payment is conditional upon the satisfaction of additional performance obligations in the contract, such as final delivery of the product. Contract assets are typically derecognized when billed in accordance with the terms of the contract. The Company pools contract assets that share underlying risk characteristics and records an allowance for expected credit losses based on a combination of prior experience, current economic conditions and management’s expectations of future economic conditions, and specific collectibility matters when they arise. Contract assets are presented net of this reserve on the condensed consolidated balance sheets. For the three months ended June 30, 2022 and 2021, credit loss expense and write-offs related to contract assets were immaterial. Contract liabilities are recorded when customers remit contractual cash payments in advance of the Company satisfying performance obligations under contractual arrangements, including those with performance obligations to be satisfied over a period of time. Contract liabilities other than those pertaining to forward loss reserves are derecognized when or as revenue is recognized. Contract modifications can also impact contract asset and liability balances. When contracts are modified to account for changes in contract specifications and requirements, the Company considers whether the modification either creates new or changes the existing enforceable rights and obligations. Contract modifications that are for goods or services that are not distinct from the existing contract, due to the significant integration with the original good or service provided, are accounted for as if they were part of that existing contract. The effect of a contract modification to an existing contract on the transaction price and the Company's measure of progress for the performance obligation to which it relates, is recognized as an adjustment to revenue (either as an increase in or a reduction of revenue) on a cumulative catch-up basis. When the modifications include additional performance obligations that are distinct and at relative stand-alone selling price, they are accounted for as a new contract and performance obligation and are recognized prospectively. Contract balances are classified as assets or liabilities on a contract-by-contract basis at the end of each reporting period. The following table summarizes the Company's contract assets and liabilities balances: June 30, 2022 March 31, Change Contract assets $ 97,394 $ 101,893 $ ( 4,499 ) Contract liabilities ( 54,947 ) ( 172,862 ) 117,915 Net contract liability $ 42,447 $ ( 70,969 ) $ 113,416 During the three months ended June 30, 2022, the Company recognized revenue due to changes in estimates associated with performance obligations satisfied or partially satisfied in previous periods of $ 11,747 . The change in contract assets is the result of amounts billed in excess of revenue recognized during the three months ended June 30, 2022 . The change in contract liabilities is the result of revenue recognized in excess of the receipt of additional customer advances as well as the classification of approximately $ 103,803 of customer advance repayment obligations that were assumed by the buyer of the Stuart, Florida, manufacturing operations as a result of current period divestiture negotiations and have now been classified within liabilities related to assets held for sale on the accompanying condensed consolidated balance sheet as of June 30, 2022. For the three months ended June 30, 2022, the Company recognized $ 15,220 of revenue that was included in the contract liability balance at the beginning of the period. Performance Obligations Customers generally contract with the Company for requirements in a segment relating to a specific program, and the Company’s performance obligations consist of a wide range of engineering design services and manufactured components, as well as spare parts and repairs for OEMs. A single contract may contain multiple performance obligations consisting of both recurring and nonrecurring elements. As of June 30, 2022 , the Company has the following unsatisfied, or partially unsatisfied, performance obligations that are expected to be recognized in the future as noted in the table below. The Company expects options to be exercised in addition to the amounts presented below. Total Less than 1 year 1 - 3 years 4 - 5 years More than 5 Unsatisfied performance obligations $ 1,829,569 $ 916,200 $ 890,235 $ 23,134 $ — Of the total unsatisfied performance obligations included in the table above as of June 30, 2022, approximately $ 531,000 , related to divestitures occurring subsequent to June 30, 2022, as disclosed in note 13.

Inventories

Inventories	3 Months Ended
	Jun. 30, 2022
Inventory Disclosure [Abstract]
Inventories	5. INVENTORIES Inventories are stated at the lower of cost (average-cost or specific-identification methods) or market. The components of inventories are as follows: June 30, March 31, Raw materials $ 48,821 $ 44,841 Work-in-process, including manufactured and purchased components 283,245 269,368 Finished goods 20,390 19,472 Rotable assets 27,473 28,011 Total inventories $ 379,929 $ 361,692

Long-term Debt

Long-term Debt	3 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Long-Term Debt	6. LONG-TERM DEBT Long-term debt consists of the following: June 30, March 31, Finance leases $ 15,528 $ 16,492 Senior secured first lien notes due 2024 563,171 563,171 Senior secured notes due 2024 525,000 525,000 Senior notes due 2025 500,000 500,000 Less: debt issuance costs ( 13,658 ) ( 15,173 ) 1,590,041 1,589,490 Less: current portion 2,968 3,268 $ 1,587,073 $ 1,586,222 Receivables Securitization Program In connection with the Company's receivables securitization facility (the "Securitization Facility"), the Company sells on a revolving basis certain eligible accounts receivable to Triumph Receivables, LLC, a wholly-owned special-purpose entity, which in turn sells a percentage ownership interest in the receivables to commercial paper conduits sponsored by financial institutions. The Company is the servicer of the trade accounts receivable under the Securitization Facility. Interest rates are based on the Bloomberg Short Term Bank Yield Index ("BSBY"), plus a 2.25 % fee on the drawn portion and a fee ranging from 0.45 % to 0.50 % on the undrawn portion of the Securitization Facility. The drawn fee may be reduced to 2.00 % depending on the credit rating of the Company. Collateralized letters of credit incur fees at a rate of 1.25 %. The Company secures its trade accounts receivable, which are generally non-interest-bearing, in transactions that are accounted for as borrowings pursuant to ASC 860, Transfers and Servicing . The Company has established a letter of credit facility under the Securitization Facility. Under the provisions of the letter of credit facility, the Company may request the Securitization Facility’s administrator to issue one or more letters of credit that will expire no later than 12 months after the date of issuance, extension or renewal, as applicable. As of June 30, 2022 , the maximum amount available under the Securitization Facility was $ 100,000 . The actual amount available under the Securitization Facility at any point in time is dependent upon the balance of eligible accounts receivable as well as the amount of letters of credit outstanding. At June 30, 2022 , there were $ 0 in borrowings and $ 20,970 in letters of credit outstanding under the Securitization Agreement, primarily to support insurance policies. The Securitization Facility expires in November 2024 . The agreements governing the Securitization Facility contain restrictions and covenants, including limitations on the making of certain restricted payments; creation of certain liens; and certain corporate acts such as mergers, consolidations and the sale of all or substantially all the Company's assets. Senior Secured First Lien Notes due 2024 On August 17, 2020, the Company issued $ 700,000 principal amount of 8.875 % Senior Secured First Lien Notes due June 1, 2024 (the “First Lien Notes”). The First Lien Notes were sold at 100 % of the principal amount and have an effective interest yield of 8.875 %. Interest is payable semiannually in cash in arrears on June 1 and December 1 of each year. The First Lien Notes are first lien secured obligations of the Company. The First Lien Notes are guaranteed on a full, senior secured, joint and several basis by each of the Company’s domestic restricted subsidiaries that guarantees either of the Company’s 2024 Notes and 2025 Notes, as defined below (the “Guarantor Subsidiaries”). In the future, each of the Company’s domestic restricted subsidiaries (other than any domestic restricted subsidiary that is a receivable subsidiary) that (1) is not an immaterial subsidiary, (2) becomes a borrower under any of its material debt facilities or (3) guarantees (a) any of the Company’s indebtedness or (b) any indebtedness of the Company’s domestic restricted subsidiaries, in the case of either (a) or (b), incurred under any of the Company’s material debt facilities, will guarantee the First Lien Notes. Under certain circumstances, the guarantees may be released without action by, or consent of, any holder of the First Lien Notes. The Company may redeem the First Lien Notes, in whole or in part, at any time or from time to time on or after February 1, 2023, at specified redemption prices, plus accrued and unpaid interest, if any, to the redemption date. At any time or from time to time prior to February 1, 2023, the Company may redeem the First Lien Notes, in whole or in part, at a redemption price equal to 100 % of their principal amount plus a make whole premium, together with accrued and unpaid interest, if any, to the redemption date. In addition, the Company may redeem up to 40 % of the aggregate principal amount of the outstanding First Lien Notes prior to June 1, 2023, with the net cash proceeds from certain equity offerings at a redemption price equal to 108.875 % of their principal amount, together with accrued and unpaid interest, if any, to the redemption date. If the Company experiences specific kinds of changes of control, the Company is required to offer to purchase all of the First Lien Notes at a purchase price of 101 % of their principal amount, plus accrued and unpaid interest, if any, to the date of purchase. The First Lien Notes Indenture contains covenants that, among other things, limit the ability of the Company and its restricted subsidiaries to: (i) incur additional indebtedness; (ii) pay dividends or make other distributions; (iii) make other restricted payments and investments; (iv) create liens; (v) incur restrictions on the ability of restricted subsidiaries to pay dividends or make certain other payments; (vi) sell assets, including capital stock of restricted subsidiaries; (vii) enter into sale and leaseback transactions; (viii) merge or consolidate with other entities; and (ix) enter into transactions with affiliates. In addition, the First Lien Notes Indenture requires, among other things, the Company to provide financial and current reports to holders of the First Lien Notes or file such reports electronically with the SEC. Furthermore, the First Lien Notes Indenture requires that the future net proceeds from certain asset sales will be required to repay the First Lien Notes at a premium of 106.656 %, until the aggregate principal amount of Notes outstanding is $ 350,000 or less, provided that the Company may retain the first $ 100,000 of such net proceeds (subject to compliance with the asset sale covenants in the Company’s other outstanding indentures) or use it for certain other permitted purposes. These covenants are subject to a number of exceptions, limitations and qualifications set forth in the Indenture, as well as suspension periods in certain circumstances. Upon the completion of the sale of the composites and large structure manufacturing operations as disclosed in Note 3, the Company surpassed the $ 100,000 threshold of net proceeds from certain asset sales resulting in a required redemption of $ 112,511 of the outstanding principal balance and a premium of approximately $ 7,489 . As a result of the completion of the sale and license of certain legacy product lines of the Company's Staverton, United Kingdom operations, the Company was required to pay an additional required redemption of $ 24,318 of the outstanding principal balance and a premium of approximately $ 1,619 . Senior Secured Notes Due 2024 On September 23, 2019, the Company issued $ 525,000 principal amount of 6.250 % Senior Secured Notes due September 15, 2024 (the "2024 Notes"). The 2024 Notes were sold at 100 % of principal amount and have an effective interest yield of 6.250 %. Interest on the 2024 Notes is payable semiannually in cash in arrears on March 15 and September 15 of each year. The 2024 Notes are secured by second-priority liens on all of the Company's and the Guarantor Subsidiaries' assets that secure all of the indebtedness under the First Lien Notes and certain hedging and cash management obligations. The Company has the ability to incur additional first and/or second lien debt under certain circumstances. Senior Notes Due 2025 On August 17, 2017, the Company issued $ 500,000 principal amount of 7.750 % Senior Notes due August 15, 2025 (the "2025 Notes"). The 2025 Notes were sold at 100 % of principal amount and have an effective interest yield of 7.750 %. Interest on the 2025 Notes accrues at the rate of 7.750 % per annum and is payable semiannually in cash in arrears on February 15 and August 15 of each year. Financial Instruments Not Recorded at Fair Value Carrying amounts and the related estimated fair values of the Company's long-term debt not recorded at fair value in the consolidated financial statements are as follows: June 30, 2022 March 31, 2022 Carrying Fair Carrying Fair $ 1,590,041 $ 1,433,733 $ 1,589,490 $ 1,639,248 The fair value of the long-term debt was calculated based on either interest rates available for debt with terms and maturities similar to the Company's existing debt arrangements or broker quotes on the Company's existing debt (Level 2 inputs). Interest paid on indebtedness during the three months ended June 30, 2022 and 2021, amounted to $ 25,869 and $ 46,026 , respectively. The interest paid during the three months ended June 30, 2021, included the redemption premiums on the First Lien Notes of $ 7,489 .

Earnings per Share

Earnings per Share	3 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Earnings per Share	7. EARNINGS PER SHARE The following is a reconciliation between the weighted average outstanding shares used in the calculation of basic and diluted earnings per share: Three Months Ended June 30, (in thousands) 2022 2021 Weighted average common shares outstanding – basic 64,820 64,299 Net effect of dilutive stock options and non-vested stock (1) — — Weighted average common shares outstanding – diluted 64,820 64,299 (1) For the three months ended June 30, 2022 and 2021 , the shares that could potentially dilute earnings per share in the future but were not included in diluted weighted average common shares outstanding because to do so would have been anti-dilutive were immaterial.

Income Taxes

Income Taxes	3 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	8. INCOME TAXES The Company follows the Income Taxe s topic of ASC 740, which prescribes a recognition threshold and measurement attribute criteria for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return, as well as guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. The Company's policy is to release the tax effects from accumulated other comprehensive income when all of the related assets or liabilities that gave rise to the accumulated other comprehensive income have been derecognized. The Company has classified uncertain tax positions as noncurrent income tax liabilities unless expected to be paid in one year. Penalties and tax-related interest expense are reported as a component of income tax expense and are not significant. As of June 30, 2022 and March 31, 2022, the total amount of unrecog nized tax benefits was $ 12,064 and $ 11,800 , respectively, most of which would impact the effective rate, if recognized. The Company does not anticipate that total unrecognized tax benefits will be reduced in the next 12 months. As of June 30, 2022, the Company has a valuation allowance against principally all of its net deferred tax assets given insufficient positive evidence to support the realization of the Company’s deferred tax assets. The Company intends to continue maintaining a valuation allowance on its deferred tax assets until there is sufficient positive evidence to support the reversal of all or some portion of these allowances. A reduction in the valuation allowance could result in a significant decrease in income tax expense in the period that the release is recorded. However, the exact timing and amount of the reduction in its valuation allowance is unknown at this time and will be subject to the earnings level the Company achieves during fiscal 2023 and future periods. The effective income tax rate for the three months ended June 30, 2022, was ( 20.4 )% as compared with ( 4.2 )% for the three months ended June 30, 2021. For the three months ended June 30, 2022, the effective income tax rate reflected a limitation on the recognition of tax benefits due to the full valuation allowance. With few exceptions, the Company is no longer subject to U.S. federal, state, or local income tax examinations for fiscal years ended before March 31, 2014, or foreign income tax examinations by tax authorities for fiscal years ended before March 31, 2013. As of June 30, 2022 , the Company settled its only foreign income tax examination. The Company believes appropriate provisions for all outstanding issues have been made for all jurisdictions and all open years.

Pension and Other Postretiremen

Pension and Other Postretirement Benefit Plans	3 Months Ended
	Jun. 30, 2022
Retirement Benefits [Abstract]
Pension and Other Postretirement Benefit Plans	9. PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS The Company sponsors several defined benefit pension plans covering some of its employees. Most employees are ineligible to participate in the plans or have ceased to accrue additional benefits under the plans based upon their service to the Company or years of service accrued under the defined benefit pension plans. Benefits under the defined benefit plans are based on years of service and, for most non-represented employees, on average compensation for certain years. It is the Company’s policy to fund at least the minimum amount required for all qualified plans, using actuarial cost methods and assumptions acceptable under U.S. Government regulations (and for non-U.S. plans, acceptable under local regulations), by making payments into a separate trust. In addition to the defined benefit pension plans, the Company provides certain healthcare benefits for eligible retired employees. Such benefits are unfunded. No active employees are eligible for these benefits. The vast majority of eligible retirees receive a fixed-dollar benefit they can use to purchase healthcare services. A small number of eligible retirees receive traditional retiree medical benefits for which the company pays all premiums. All retirees who are eligible for these traditional benefits are Medicare-eligible. Current plan documents reserve the right to amend or terminate the plans at any time, subject to applicable collective bargaining requirements for represented employees. In accordance with the Compensation – Retirement Benefits topic of ASC 715, the Company has recognized the funded status of the benefit obligation as of the date of the last re-measurement, on the accompanying condensed consolidated balance sheets. The funded status is measured as the difference between the fair value of the plan’s assets and the pension benefit obligation or accumulated postretirement benefit obligation, of the plan. In order to recognize the funded status, the Company determined the fair value of the plan assets. The majority of the plan assets are publicly traded investments, which were valued based on the market price as of the date of re-measurement. Investments that are not publicly traded were valued based on the estimated fair value of those investments based on the Company's evaluation of data from fund managers and comparable market data. Net Periodic Benefit Plan Costs The components of net periodic benefit income for the Company's postretirement benefit plans are shown in the following table: Pension Benefits Three Months Ended June 30, 2022 2021 Components of net periodic benefit income: Service cost $ 179 $ 192 Interest cost 16,278 11,823 Expected return on plan assets ( 30,324 ) ( 33,455 ) Amortization of prior service credits 26 42 Amortization of net loss 7,719 9,583 Curtailment loss — 16,024 Special termination benefits — 54 Net periodic benefit (income) expense $ ( 6,122 ) $ 4,263 The Company recognized net periodic benefit income from its other postretirement benefits plan of approximately $ 2,291 and $ 2,349 for the three months ended June 30, 2022 and 2021, respectively.

Stockholders' Deficit

Stockholders' Deficit	3 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Stockholders' Deficit	10. STOCKHOLDERS' DEFICIT Accumulated Other Comprehensive Loss Changes in accumulated other comprehensive loss ("AOCI") by component for the three months ended June 30, 2022 and 2021, were as follows: Currency Unrealized Gains Defined Benefit Total(1) March 31, 2022 $ ( 47,933 ) $ ( 270 ) $ ( 415,151 ) $ ( 463,354 ) Other comprehensive (loss) income before reclassifications ( 10,382 ) ( 470 ) — ( 10,852 ) Amounts reclassified from AOCI — ( 368 ) 5,323 (2) 4,955 Net current period OCI ( 10,382 ) ( 838 ) 5,323 ( 5,897 ) June 30, 2022 $ ( 58,315 ) $ ( 1,108 ) $ ( 409,828 ) $ ( 469,251 ) March 31, 2021 $ ( 42,161 ) $ 1,015 $ ( 489,046 ) $ ( 530,192 ) Other comprehensive income before reclassifications 2,749 ( 1,719 ) 10,343 11,373 Amounts reclassified from AOCI — 1,013 10,286 (2) 11,299 Net current period OCI 2,749 ( 706 ) 20,629 22,672 June 30, 2021 $ ( 39,412 ) $ 309 $ ( 468,417 ) $ ( 507,520 ) (1) Net of tax . (2) Includes amortization of actuarial losses and recognized prior service costs, which are included in net periodic pension income. Refer to Note 9 for additional disclosure regarding the Company's postretirement benefit plans.

Segments

Segments	3 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Segments	11. SEGMENTS The Company reports financial performance based on the following two reportable segments: Systems & Support and Aerospace Structures. The Company’s reportable segments are aligned with how the business is managed, and the Company's views of the markets it serves. The Chief Operating Decision Maker (the "CODM") evaluates performance and allocates resources based upon review of segment information. The CODM utilizes earnings before interest, income taxes, depreciation and amortization, and pension (“Adjusted EBITDAP”) as a primary measure of segment profitability to evaluate performance of its segments and allocate resources. Segment Adjusted EBITDAP is total segment revenue reduced by operating expenses (less depreciation and amortization) identifiable with that segment. Corporate includes general corporate administrative costs and any other costs not identifiable with one of the Company’s segments. The Company does not accumulate net sales information by product or service or groups of similar products and services, and therefore the Company does not disclose net sales by product or service because to do so would be impracticable. Selected financial information for each reportable segment is as follows: Three Months Ended June 30, 2022 Total Corporate & Systems & Aerospace Net sales to external customers $ 349,384 $ — $ 254,643 $ 94,741 Intersegment sales (eliminated in consolidation) — ( 12 ) — 12 Segment profit and reconciliation to consolidated income before income taxes: Adjusted EBITDAP 56,729 — 40,149 16,580 Reconciliation of segment profit to loss before income taxes Depreciation and amortization ( 9,806 ) ( 589 ) ( 7,521 ) ( 1,696 ) Interest expense and other, net ( 31,912 ) Corporate expenses ( 13,949 ) Share-based compensation expense ( 1,578 ) Amortization of acquired contract liabilities 523 Non-service defined benefit income 8,586 Consideration payable to customer related to divestiture ( 17,185 ) Loss before income taxes ( 8,592 ) Total capital expenditures $ 3,044 $ 109 $ 2,879 $ 56 Total assets $ 1,667,461 $ 102,670 $ 1,372,981 $ 191,810 Three Months Ended June 30, 2021 Total Corporate & Systems & Aerospace Net sales to external customers $ 396,646 $ — $ 258,405 $ 138,241 Intersegment sales (eliminated in consolidation) — ( 19 ) 8 11 Segment profit and reconciliation to consolidated income before income taxes: Adjusted EBITDAP 60,218 — 42,848 17,370 Reconciliation of segment profit to loss before income taxes Depreciation and amortization ( 15,431 ) ( 768 ) ( 8,504 ) ( 6,159 ) Interest expense and other, net ( 38,558 ) Corporate expenses ( 16,953 ) Share-based compensation expense ( 2,247 ) Loss on sale of assets and businesses (5,969 ) Amortization of acquired contract liabilities 1,214 Non-service defined benefit loss ( 1,722 ) Debt extinguishment loss ( 9,689 ) Loss before income taxes ( 29,137 ) Total capital expenditures $ 2,112 $ 358 $ 1,102 $ 652 During the three months ended June 30, 2022 and 2021, the Company had foreign sales of $ 70,104 and $ 76,924 , respectively.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Jun. 30, 2022
Commitments And Contingencies [Abstract]
Commitments and Contingencies	12. COMMITMENTS AND CONTINGENCIES In the ordinary course of business, the Company is involved in disputes; claims; and lawsuits with employees, suppliers, and customers; as well as governmental and regulatory inquiries, that it deems to be immaterial. Some may involve claims or potential claims of substantial damages, fines, penalties, or injunctive relief. While the Company cannot predict the outcome of any pending or future litigation or proceeding and no assurances can be given, the Company does not believe that any pending matter will have a material effect, individually or in the aggregate, on its financial position or results of operations. As the Company completes the disposal of certain facilities, it may be exposed to additional costs such as environmental remediation obligations, lease termination costs, or supplier claims which may have a material effect on its financial position or results of operations when such matters arise and a reasonable estimate of the costs can be made. For example, the Company participates in a multiemployer pension plan for the benefit of certain represented employees at its Spokane, Washington, composites manufacturing operations. Under the terms of the multiemployer pension plan, it is reasonably possible that the Company will trigger a withdrawal liability related to the exit of the related facilities and termination of the affected employees. The amount of this potential liability is determined based on the funded status of the plan at the time of withdrawal from the plan. The funded status of the plan is measured by estimating the value of the plan's assets and liabilities, and these values can change significantly based on market conditions and changes in actuarial assumptions made by the plan sponsor. If a withdrawal liability is triggered, the obligation would likely be satisfied through annual payments over a period of at least ten years .

Subsequent Events

Subsequent Events	3 Months Ended
	Dec. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	13. SUBSEQUENT EVENTS Subsequent to June 30, 2022, the Company completed the sale of its manufacturing operations located in Stuart, Florida. The Stuart operations specialized in the assembly of large, complex metallic structures such as wing and fuselage assemblies. As part of the transaction, the Company recognized a reduction in revenue related to consideration payable to a customer of approximately $ 17,000 . The buyer assumed certain liabilities of the Company, including customer advance liquidation liabilities of approximately $ 104,000 and certain other customer related liabilities of approximately $ 26,000 . The Company expects to recognize a gain in the second quarter of fiscal 2023. The operating results of the Stuart operations are included within the Aerospace Structures reportable segment. In addition, as a result of the completed sale of this manufacturing operation, the Company expects to recognize a pension curtailment charge of approximately $ 2,000 in the second quarter of fiscal 2023.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Actual results could differ from those estimates.
Revenue Recognition and Contract Balances	Revenue Recognition and Contract Balances The Company's revenue is principally from contracts with customers to provide design, development, manufacturing, and support services associated with specific customer programs. The Company regularly enters into long-term master supply agreements that establish general terms and conditions and may define specific program requirements. Many agreements include clauses that provide sole supplier status to the Company for the duration of the program’s life. Purchase orders (or authorizations to proceed) are issued pursuant to the master supply agreements. Additionally, a majority of the Company’s agreements with customers include options for future purchases. Such options primarily reduce the administrative effort of issuing subsequent purchase orders and do not represent material rights granted to customers. The Company generally enters into agreements directly with its customers and is the principal in all current contracts. The identification of a contract with a customer for purposes of accounting and financial reporting requires an evaluation of the terms and conditions of agreements to determine whether presently enforceable rights and obligations exist. Management considers a number of factors when making this evaluation that include, but are not limited to, the nature and substance of the business exchange, the specific contractual terms and conditions, the promised products and services, the termination provisions in the contract, as well as the nature and execution of the customer’s ordering process and how the Company is authorized to perform work. Generally, presently enforceable rights and obligations are not created until a purchase order is issued by a customer for a specified number of units of product or services. Therefore, the issuance of a purchase order is generally the point at which a contract is identified for accounting and financial reporting purposes. Management identifies the promises to the customer. Promises are generally explicitly stated in each contract, but management also evaluates whether any promises are implied based on the terms of the agreement, past business practice, or other facts and circumstances. Each promise is evaluated to determine if it is a performance obligation. A performance obligation is a promise in a contract to transfer a distinct good or service. The Company considers a number of factors when determining whether a promise is a distinct performance obligation, including whether the customer can benefit from the good or service on its own or together with other resources that are readily available to the customer, whether the Company provides a significant service of integrating goods or services to deliver a combined output to the customer, or whether the goods or services are highly interdependent. The Company’s performance obligations consist of a wide range of engineering design services and manufactured components, as well as spare parts and repairs for OEMs. The transaction price for a contract reflects the consideration the Company expects to receive for fully satisfying the performance obligations in the contract. Typically, the transaction price consists solely of fixed consideration but may include variable consideration for contractual provisions such as unpriced contract modifications, cost-sharing provisions, and other receipts or payments to customers. The Company identifies and estimates variable consideration, typically at the most likely amount the Company expects to receive from its customers. Variable consideration is only included in the transaction price to the extent it is probable that a significant reversal of cumulative revenue recognized for the contract will not occur, or when the uncertainty associated with the variable consideration is resolved. Consideration paid or payable to a customer is reflected as a reduction in net revenues when the amounts paid are not related to a distinct good or service at the later of when the related revenue is recognized or when the Company pays or promises to pay the consideration to the customer. The Company's contracts with customers generally require payment under normal commercial terms after delivery with payment typically required within 30 to 120 days of delivery. However, a subset of the Company’s current contracts includes significant financing components because the timing of the transfer of the underlying products and services under contract are at the customers’ discretion. For these contracts, the Company adjusts the transaction price to reflect the effects of the time value of money. The Company generally is not subject to collecting sales tax and has made an accounting policy election to exclude from the transaction price any sales and other similar taxes collected from customers. As a result, any such collections are accounted for on a net basis. The total transaction price is allocated to each of the identified performance obligations using the relative stand-alone selling price. The objective of the allocation is to reflect the consideration that the Company expects to receive in exchange for the products or services associated with each performance obligation. Stand-alone selling price is the price at which the Company would sell a promised good or service separately to a customer. Stand-alone selling prices are established at contract inception, and subsequent changes in transaction price are allocated on the same basis as at contract inception. When stand-alone selling prices for the Company’s products and services are not observable, the Company uses either the “Expected Cost Plus a Margin” or "Adjusted Market Assessment" approaches to estimate stand-alone selling price. Expected costs are typically derived from the available periodic forecast information. Revenue is recognized when or as control of promised products or services transfers to a customer and is recognized at the amount allocated to each performance obligation associated with the transferred products or services. Service sales, principally representing repair, maintenance, and engineering activities are recognized over the contractual period or as services are rendered. Sales under long-term contracts with performance obligations satisfied over time are recognized using either an input or output method. The Company recognizes revenue over time as it performs on these contracts because of the continuous transfer of control to the customer as represented by contractual terms that entitle the Company to the reimbursement of costs plus a reasonable profit for work performed to manufacture products for which the Company has no alternate use or for work performed on a customer-owned asset. With control transferring over time, revenue is recognized based on the extent of progress toward completion of the performance obligation. The Company generally uses the cost-to-cost input method of progress for its contracts because it best depicts the transfer of control to the customer that occurs as work progresses. Under the cost-to-cost method, the extent of progress toward completion is measured based on the proportion of costs incurred to date to the total estimated costs at completion of the performance obligation. The Company reviews its cost estimates on contracts on a periodic basis, or when circumstances change and warrant a modification to a previous estimate. Cost estimates are largely based on negotiated or estimated purchase contract terms, historical performance trends, and other economic projections. Significant factors that influence these estimates include inflationary trends, technical and schedule risk, internal and subcontractor performance trends, business volume assumptions, asset utilization, and anticipated labor agreements. Revenue and cost estimates are regularly monitored and revised based on changes in circumstances. Impacts from changes in estimates of net sales and cost of sales are recognized on a cumulative catch-up basis, which recognizes in the current period the cumulative effect of the changes on current and prior periods based on a performance obligation’s percentage of completion. Forward loss reserves for anticipated losses on long-term contracts are recorded in full when such losses become evident, to the extent required, and are included in contract liabilities on the accompanying condensed consolidated balance sheets. The Company believes that the accounting estimates and assumptions made by management are appropriate given the increased uncertainties surrounding the severity and duration of the impacts of the COVID-19 pandemic; however, actual results could differ materially from those estimates. For the three months ended June 30, 2022, cumulative catch-up adjustments resulting from changes in contract values and estimated costs that arose during the fiscal year increased net sales and operating income by approximately $ 11,747 and $ 10,694 , respectively, and decreased net loss and loss per share by approximately $ 10,694 , and $ 0.16 , respectively. For the three months ended June 30, 2021, cumulative catch-up adjustments resulting from changes in estimates increased revenue and operating income by approximately $ 8,737 and $ 14,937 and decreased net loss and loss per share $ 14,937 , and $ 0.23 , respectively. Revenues for performance obligations that are not recognized over time are recognized at the point in time when control transfers to the customer. For performance obligations that are satisfied at a point in time, the Company evaluates the point in time when the customer can direct the use of and obtain the benefits from the products and services. Generally, the shipping terms determine the point in time when control transfers to customers. Shipping and handling activities are not considered performance obligations and related costs are included in cost of sales as incurred. Differences in the timing of revenue recognition and contractual billing and payment terms result in the recognition contract assets and liabilities. Refer to Note 4 for further discussion.
Concentration of Credit Risk	Concentration of Credit Risk The Company’s trade and other accounts receivable are exposed to credit risk. However, the risk is limited due to the diversity of the customer base and the customer base’s wide geographical area. Trade accounts receivable from The Boeing Company ("Boeing") (representing commercial, military, and space) represented approximately 20 % and 17 % of total trade accounts receivable as of June 30, 2022 and March 31, 2022, respectively. Trade and other accounts receivable from Qarbon Aerospace Inc. include receivables that largely correspond with payables associated with transition services and represented approximately 6 % and 11 % of total trade accounts receivable as of June 30, 2022 and March 31, 2022, respectively. The Company had no other concentrations of credit risk of more than 10%. Sales to Boeing for the three months ended June 30, 2022, were $ 118,303 , or 34 % of net sales, of which $ 39,588 and $ 78,715 were from Systems & Support and Aerospace Structures, respectively. Sales to Boeing for the three months ended June 30, 2021, were $ 142,102 , or 36 % of net sales, of which $ 40,053 and $ 102,049 were from Systems & Support and Aerospace Structures, respectively. No other single customer accounted for more than 10% of the Company’s net sales. However, the loss of any significant customer could have a material adverse effect on the Company and its operating subsidiaries.
Fair Value Measurements	Fair Value Measurements Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. When determining fair value measurements for assets and liabilities required to be recorded or disclosed at fair value, the Company considers the principal or most advantageous market in which it would transact and also considers assumptions that market participants would use when pricing an asset or liability. The fair value hierarchy has three levels of inputs that may be used to measure fair value: Level 1—Unadjusted quoted prices in active markets for identical assets or liabilities; Level 2—Unadjusted quoted prices in active markets for similar assets or liabilities, or unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or inputs other than quoted prices that are observable for the asset or liability; and Level 3—Unobservable inputs for the asset or liability. The Company has applied fair value measurements when comparing the carrying value of assets held for sale with the related fair value less cost to sell (see Note 3), when disclosing the fair value of its long-term debt not recorded at fair value (see Note 6), and to its pension and postretirement plan assets (see Note 9).
Supplemental Cash Flow Information	Supplemental Cash Flow Information In November 2021, the Company entered into an agreement with the DOT under the AMJP for a grant of up to $ 21,259 . The receipt of the full award was primarily conditioned upon the Company committing to not furlough or lay off a defined group of employees during the six-month period of performance between November 2021 and May 2022. The Company received approximately $ 19,400 under the agreement, and, in July, received a letter from the DOT confirming that we had satisfied the reporting requirements under the AMJP. In the three months ended June 30, 2022, we recognized as a reduction in cost of sales approximately $ 5,000 representing the final balance of the earned grant benefit. For the three months ended June 30, 2022, the Company paid $ 1,159 for income taxes, net of income tax refunds received. For the three months ended June 30, 2021, the Company paid $ 485 for income taxes, net of income tax refunds received.

Revenue Recognition and Contr_2

Revenue Recognition and Contracts with Customers (Tables)	3 Months Ended
	Jun. 30, 2022
Change in Contract with Customer, Asset and Liability [Abstract]
Disaggregation of Revenue	The following table shows disaggregated net sales satisfied overtime and at a point in time (excluding intercompany sales) for the three months ended June 30, 2022 and 2021: Three Months Ended 2022 2021 Systems & Support Satisfied over time $ 120,718 $ 118,981 Satisfied at a point in time 133,402 138,222 Revenue from contracts with customers 254,120 257,203 Amortization of acquired contract liabilities 523 1,202 Total revenue 254,643 258,405 Aerospace Structures Satisfied over time $ 89,592 $ 129,523 Satisfied at a point in time 5,149 8,706 Revenue from contracts with customers 94,741 138,229 Amortization of acquired contract liabilities — 12 Total revenue 94,741 138,241 $ 349,384 $ 396,646 The following table shows disaggregated net sales by end market (excluding intercompany sales) for the three months ended June 30, 2022 and 2021: Three Months Ended 2022 2021 Systems & Support OEM Commercial $ 78,020 $ 59,239 OEM Military 56,936 76,695 MRO Commercial 60,039 55,847 MRO Military 50,946 59,112 Non-aviation 8,179 6,310 Revenue from contracts with customers 254,120 257,203 Amortization of acquired contract liabilities 523 1,202 Total revenue $ 254,643 $ 258,405 Aerospace Structures OEM Commercial $ 90,519 $ 121,692 OEM Military 28 12,651 MRO Commercial 3,144 2,816 MRO Military — 1,052 Non-aviation 1,050 18 Revenue from contracts with customers 94,741 138,229 Amortization of acquired contract liabilities — 12 Total revenue 94,741 138,241 $ 349,384 $ 396,646
Summary of Contract Assets and Liabilities Balances	Contract balances are classified as assets or liabilities on a contract-by-contract basis at the end of each reporting period. The following table summarizes the Company's contract assets and liabilities balances: June 30, 2022 March 31, Change Contract assets $ 97,394 $ 101,893 $ ( 4,499 ) Contract liabilities ( 54,947 ) ( 172,862 ) 117,915 Net contract liability $ 42,447 $ ( 70,969 ) $ 113,416
Schedule of Performance Obligations that are Expected to Be Recognized in Future	The Company expects options to be exercised in addition to the amounts presented below. Total Less than 1 year 1 - 3 years 4 - 5 years More than 5 Unsatisfied performance obligations $ 1,829,569 $ 916,200 $ 890,235 $ 23,134 $ —

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Jun. 30, 2022
Inventory Disclosure [Abstract]
Schedule of components of inventories	The components of inventories are as follows: June 30, March 31, Raw materials $ 48,821 $ 44,841 Work-in-process, including manufactured and purchased components 283,245 269,368 Finished goods 20,390 19,472 Rotable assets 27,473 28,011 Total inventories $ 379,929 $ 361,692

Long-term Debt (Tables)

Long-term Debt (Tables)	3 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Long-term debt consists of the following: June 30, March 31, Finance leases $ 15,528 $ 16,492 Senior secured first lien notes due 2024 563,171 563,171 Senior secured notes due 2024 525,000 525,000 Senior notes due 2025 500,000 500,000 Less: debt issuance costs ( 13,658 ) ( 15,173 ) 1,590,041 1,589,490 Less: current portion 2,968 3,268 $ 1,587,073 $ 1,586,222
Schedule of Carrying Amounts and Estimated Fair Values of Long-term Debt	Carrying amounts and the related estimated fair values of the Company's long-term debt not recorded at fair value in the consolidated financial statements are as follows: June 30, 2022 March 31, 2022 Carrying Fair Carrying Fair $ 1,590,041 $ 1,433,733 $ 1,589,490 $ 1,639,248

Earnings per Share (Tables)

Earnings per Share (Tables)	3 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Summary of Reconciliation between Weighted-average Common Shares Outstanding used in Calculation of Basis and Diluted Earnings Per Share	The following is a reconciliation between the weighted average outstanding shares used in the calculation of basic and diluted earnings per share: Three Months Ended June 30, (in thousands) 2022 2021 Weighted average common shares outstanding – basic 64,820 64,299 Net effect of dilutive stock options and non-vested stock (1) — — Weighted average common shares outstanding – diluted 64,820 64,299 (1) For the three months ended June 30, 2022 and 2021 , the shares that could potentially dilute earnings per share in the future but were not included in diluted weighted average common shares outstanding because to do so would have been anti-dilutive were immaterial.

Pension and Other Postretirem_2

Pension and Other Postretirement Benefit Plans (Tables)	3 Months Ended
	Jun. 30, 2022
Retirement Benefits [Abstract]
Schedule of Components of Net Periodic Benefit Income	The components of net periodic benefit income for the Company's postretirement benefit plans are shown in the following table: Pension Benefits Three Months Ended June 30, 2022 2021 Components of net periodic benefit income: Service cost $ 179 $ 192 Interest cost 16,278 11,823 Expected return on plan assets ( 30,324 ) ( 33,455 ) Amortization of prior service credits 26 42 Amortization of net loss 7,719 9,583 Curtailment loss — 16,024 Special termination benefits — 54 Net periodic benefit (income) expense $ ( 6,122 ) $ 4,263

Stockholders' Deficit (Tables)

Stockholders' Deficit (Tables)	3 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Schedule of Changes in Accumulated Other Comprehensive Loss	Changes in accumulated other comprehensive loss ("AOCI") by component for the three months ended June 30, 2022 and 2021, were as follows: Currency Unrealized Gains Defined Benefit Total(1) March 31, 2022 $ ( 47,933 ) $ ( 270 ) $ ( 415,151 ) $ ( 463,354 ) Other comprehensive (loss) income before reclassifications ( 10,382 ) ( 470 ) — ( 10,852 ) Amounts reclassified from AOCI — ( 368 ) 5,323 (2) 4,955 Net current period OCI ( 10,382 ) ( 838 ) 5,323 ( 5,897 ) June 30, 2022 $ ( 58,315 ) $ ( 1,108 ) $ ( 409,828 ) $ ( 469,251 ) March 31, 2021 $ ( 42,161 ) $ 1,015 $ ( 489,046 ) $ ( 530,192 ) Other comprehensive income before reclassifications 2,749 ( 1,719 ) 10,343 11,373 Amounts reclassified from AOCI — 1,013 10,286 (2) 11,299 Net current period OCI 2,749 ( 706 ) 20,629 22,672 June 30, 2021 $ ( 39,412 ) $ 309 $ ( 468,417 ) $ ( 507,520 ) (1) Net of tax . (2) Includes amortization of actuarial losses and recognized prior service costs, which are included in net periodic pension income. Refer to Note 9 for additional disclosure regarding the Company's postretirement benefit plans.

Segments (Tables)

Segments (Tables)	3 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Schedule of Selected Financial Information for Each Reportable Segment and Reconciliation of EBITDAP to Operating Income	Selected financial information for each reportable segment is as follows: Three Months Ended June 30, 2022 Total Corporate & Systems & Aerospace Net sales to external customers $ 349,384 $ — $ 254,643 $ 94,741 Intersegment sales (eliminated in consolidation) — ( 12 ) — 12 Segment profit and reconciliation to consolidated income before income taxes: Adjusted EBITDAP 56,729 — 40,149 16,580 Reconciliation of segment profit to loss before income taxes Depreciation and amortization ( 9,806 ) ( 589 ) ( 7,521 ) ( 1,696 ) Interest expense and other, net ( 31,912 ) Corporate expenses ( 13,949 ) Share-based compensation expense ( 1,578 ) Amortization of acquired contract liabilities 523 Non-service defined benefit income 8,586 Consideration payable to customer related to divestiture ( 17,185 ) Loss before income taxes ( 8,592 ) Total capital expenditures $ 3,044 $ 109 $ 2,879 $ 56 Total assets $ 1,667,461 $ 102,670 $ 1,372,981 $ 191,810 Three Months Ended June 30, 2021 Total Corporate & Systems & Aerospace Net sales to external customers $ 396,646 $ — $ 258,405 $ 138,241 Intersegment sales (eliminated in consolidation) — ( 19 ) 8 11 Segment profit and reconciliation to consolidated income before income taxes: Adjusted EBITDAP 60,218 — 42,848 17,370 Reconciliation of segment profit to loss before income taxes Depreciation and amortization ( 15,431 ) ( 768 ) ( 8,504 ) ( 6,159 ) Interest expense and other, net ( 38,558 ) Corporate expenses ( 16,953 ) Share-based compensation expense ( 2,247 ) Loss on sale of assets and businesses (5,969 ) Amortization of acquired contract liabilities 1,214 Non-service defined benefit loss ( 1,722 ) Debt extinguishment loss ( 9,689 ) Loss before income taxes ( 29,137 ) Total capital expenditures $ 2,112 $ 358 $ 1,102 $ 652 During the three months ended June 30, 2022 and 2021, the Company had foreign sales of $ 70,104 and $ 76,924 , respectively.

Background and Basis of Prese_2

Background and Basis of Presentation - Additional Information (Details) - Segment	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Background And Basis Of Presentation [Line Items]
Number of reportable segments	2	2

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Details) - USD ($)	1 Months Ended	3 Months Ended		12 Months Ended
	Nov. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2022
Change In Accounting Estimate [Line Items]
Change in accounting estimate		$ 11,747,000
Income taxes paid, net of refunds received		1,159,000	$ 485,000
Net sales		349,384,000	$ 396,646,000
Aviation Manufacturing Jobs Protection Program Agreement [Member]
Change In Accounting Estimate [Line Items]
Amount of grant received	$ 19,400,000
Period of performance for employees	6 months
Cost of sales recognized		$ 5,000,000
Boeing [Member] | Trade Accounts Receivable [Member] | Credit Concentration Risk [Member]
Change In Accounting Estimate [Line Items]
Concentration Risk, Percentage		20%		17%
Boeing [Member] | Net sales [Member] | Customer Concentration Risk [Member]
Change In Accounting Estimate [Line Items]
Concentration Risk, Percentage		34%	36%
Net sales		$ 118,303,000	$ 142,102,000
Boeing [Member] | Net sales [Member] | Customer Concentration Risk [Member] | Systems & Support [Member]
Change In Accounting Estimate [Line Items]
Net sales		39,588,000	40,053,000
Boeing [Member] | Net sales [Member] | Customer Concentration Risk [Member] | Aerospace Structures [Member]
Change In Accounting Estimate [Line Items]
Net sales		$ 78,715,000	102,049,000
Qarbon Aerospace Inc. [Member] | Trade Accounts Receivable [Member] | Credit Concentration Risk [Member]
Change In Accounting Estimate [Line Items]
Concentration Risk, Percentage		6%		11%
Revenue Benchmark [Member]
Change In Accounting Estimate [Line Items]
Change in accounting estimate		$ 11,747,000	8,737,000
Operating Income [Member]
Change In Accounting Estimate [Line Items]
Change in accounting estimate		10,694,000	14,937,000
Income (Loss), Net [Member]
Change In Accounting Estimate [Line Items]
Change in accounting estimate		(10,694,000)	(14,937,000)
Loss Per Share [Member]
Change In Accounting Estimate [Line Items]
Change in accounting estimate		$ (160)	$ (230)
Minimum [Member]
Change In Accounting Estimate [Line Items]
Standard trade receivable, payment terms		30 days
Maximum [Member]
Change In Accounting Estimate [Line Items]
Standard trade receivable, payment terms		120 days
Amount of grant receivable upon agreement	$ 21,259,000

Divested Operations and Asset_2

Divested Operations and Assets Held For Sale - Additional Information (Details) - USD ($) $ in Thousands	1 Months Ended		3 Months Ended
	Oct. 31, 2021	May 31, 2021	Jun. 30, 2021
Discontinued operations and assets held for sale
Gain (loss) on disposition of assets			$ (5,969)
Product Lines of Staverton, United Kingdom operations [Member]
Discontinued operations and assets held for sale
Proceeds from divestiture of business	$ 34,000
Assets Held for Sale Composites Manufacturing Operations [Member]
Discontinued operations and assets held for sale
Proceeds from divestiture of business		$ 155,000
Gain (loss) on disposition of business			(6,000)
Curtailment charge			$ 16,000

Revenue Recognition and Contr_3

Revenue Recognition and Contracts with Customers - Schedule of Disaggregated Net Sales Satisfied Overtime and at a Point in Time (Excluding Intercompany Sales) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Disaggregation Of Revenue [Line Items]
Amortization of acquired contract liabilities	$ 523	$ 1,214
Net sales	349,384	396,646
Systems & Support [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	254,120	257,203
Amortization of acquired contract liabilities	523	1,202
Revenues excluding intercompany sales	254,643	258,405
Systems & Support [Member] | Transferred over Time [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	120,718	118,981
Systems & Support [Member] | Transferred at Point in Time [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	133,402	138,222
Aerospace Structures [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	94,741	138,229
Amortization of acquired contract liabilities	0	12
Revenues excluding intercompany sales	94,741	138,241
Aerospace Structures [Member] | Transferred over Time [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	89,592	129,523
Aerospace Structures [Member] | Transferred at Point in Time [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	$ 5,149	$ 8,706

Revenue Recognition and Contr_4

Revenue Recognition and Contracts with Customers - Schedule of Disaggregated Net Sales by End Market (Excluding Intercompany Sales) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Disaggregation Of Revenue [Line Items]
Amortization of acquired contract liabilities	$ 523	$ 1,214
Net sales	349,384	396,646
Systems & Support [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	254,120	257,203
Amortization of acquired contract liabilities	523	1,202
Revenues excluding intercompany sales	254,643	258,405
Systems & Support [Member] | OEM Commercial [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	78,020	59,239
Systems & Support [Member] | OEM Military [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	56,936	76,695
Systems & Support [Member] | MRO Commercial [ Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	60,039	55,847
Systems & Support [Member] | MRO Military [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	50,946	59,112
Systems & Support [Member] | Non-aviation [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	8,179	6,310
Aerospace Structures [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	94,741	138,229
Amortization of acquired contract liabilities	0	12
Revenues excluding intercompany sales	94,741	138,241
Aerospace Structures [Member] | OEM Commercial [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	90,519	121,692
Aerospace Structures [Member] | OEM Military [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	28	12,651
Aerospace Structures [Member] | MRO Commercial [ Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	3,144	2,816
Aerospace Structures [Member] | MRO Military [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	0	1,052
Aerospace Structures [Member] | Non-aviation [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	$ 1,050	$ 18

Revenue Recognition and Contr_5

Revenue Recognition and Contracts with Customers - Summary of Contract Assets and Liabilities Balances (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2022	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Contract assets	$ 97,394	$ 101,893
Contract liabilities	(54,947)	(172,862)
Net contract liability	42,447	$ (70,969)
Change in contract assets	(4,499)
Change in contract liabilities	117,915
Change in net contract liability	$ 113,416

Revenue Recognition and Contr_6

Revenue Recognition and Contracts with Customers - Additional Information (Details) $ in Thousands	3 Months Ended
	Jun. 30, 2022 USD ($)
Contract With Customer Asset And Liability [Line Items]
Revenue recognized due to changes in estimates associated with performance obligations	$ 11,747
Contract with Customer, Liability, Revenue Recognized	15,220
Customer advance repayments obligations	103,803
Unsatisfied performance obligations	1,829,569
Divestitures Member
Contract With Customer Asset And Liability [Line Items]
Unsatisfied performance obligations	$ 531,000

Revenue Recognition and Contr_7

Revenue Recognition and Contracts with Customers - Schedule of Performance Obligations that are Expected to Be Recognized in Future (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Unsatisfied performance obligations	$ 1,829,569
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2022-07-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Unsatisfied performance obligations	916,200
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2023-07-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Unsatisfied performance obligations	890,235
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2026-07-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Unsatisfied performance obligations	23,134
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2028-07-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Unsatisfied performance obligations	$ 0
Minimum [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2022-07-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Minimum [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2023-07-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Minimum [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2025-07-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period	3 years
Minimum [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2026-07-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period	4 years
Minimum [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2027-07-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period	5 years
Minimum [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2028-07-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period	5 years

Revenue Recognition and Contr_8

Revenue Recognition and Contracts with Customers - Schedule of Performance Obligations that are Expected to Be Recognized in Future (Details 1) $ in Thousands	Jun. 30, 2022 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Unsatisfied performance obligations	$ 1,829,569

Inventories - Schedule of Compo

Inventories - Schedule of Components of Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022
Inventory Disclosure [Abstract]
Raw materials	$ 48,821	$ 44,841
Work-in-process, including manufactured and purchased components	283,245	269,368
Finished goods	20,390	19,472
Rotable assets	27,473	28,011
Total inventories	$ 379,929	$ 361,692

Long-term Debt - Schedule of Lo

Long-term Debt - Schedule of Long-term Debt Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022
Debt Instrument [Line Items]
Less: debt issuance costs	$ (13,658)	$ (15,173)
Long-term debt	1,590,041	1,589,490
Current portion of long-term debt	2,968	3,268
Long-term debt, less current portion	1,587,073	1,586,222
Capital Lease Obligations [Member]
Debt Instrument [Line Items]
Long-term debt	15,528	16,492
Senior Secured First Lien Notes Due 2024 [Member]
Debt Instrument [Line Items]
Long-term debt	563,171	563,171
Senior Notes Due 2024 [Member]
Debt Instrument [Line Items]
Long-term debt	525,000	525,000
Senior Notes Due 2025 [Member]
Debt Instrument [Line Items]
Long-term debt	$ 500,000	$ 500,000

Long-term Debt - Additional Inf

Long-term Debt - Additional Information (Details) - USD ($)					1 Months Ended		3 Months Ended
	Nov. 05, 2021	Aug. 17, 2020	Sep. 23, 2019	Aug. 17, 2017	Aug. 31, 2021	May 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2022
Debt Instrument [Line Items]
Premium on redemption of first lien notes								$ 7,489,000
Interest paid, including capitalized interest, operating and investing activities							$ 25,869,000	$ 46,026,000
Receivable Securitization Facility [Member]
Debt Instrument [Line Items]
Percentage of drawn fee	2%
Percentage of collateralized fee incurred	1.25%
Long-term debt							0
Letters of credit outstanding, amount							20,970,000
Receivable Securitization Facility [Member] | BSBY [Member]
Debt Instrument [Line Items]
Line of credit facility, commitment fee percentage		2.25%
Receivable Securitization Facility [Member] | Minimum [Member]
Debt Instrument [Line Items]
Line of credit facility, unused capacity, commitment fee percentage	0.45%
Receivable Securitization Facility [Member] | Maximum [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity							100,000,000
Line of credit facility, unused capacity, commitment fee percentage		0.50%
Senior Secured First Lien Notes Due 2024 [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage		8.875%
Long-term debt							$ 563,171,000		$ 563,171,000
Debt instrument, principal amount		$ 700,000,000
Proceeds from loan, percentage of principal (as a percent)		100%
Debt instrument, interest rate, effective percentage		8.875%
Debt instrument, interest payment terms							Interest is payable semiannually in cash in arrears on June 1 and December 1 of each year.
Debt instrument, redemption price, percentage		100%
Debt instrument, redemption, description		40%
Debt instrument, redemption price, percentage - equity offering		108.875%
Debt instrument, redemption price, percentage - change of control		101%
Debt instrument repayment premium percentage		106.656%
Aggregate principal amount of Notes outstanding		$ 350,000,000
Available amount in asset sale covenants		$ 100,000,000
Premium on redemption of first lien notes					$ 1,619,000	$ 7,489,000
Repayments of Secured Debt					$ 24,318,000	$ 112,511,000
Senior Notes Due 2024 [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage			6.25%
Long-term debt							$ 525,000,000		525,000,000
Debt instrument, principal amount			$ 525,000,000
Debt instrument, interest rate, effective percentage			6.25%
Debt instrument, interest payment terms							Interest on the 2024 Notes is payable semiannually in cash in arrears on March 15 and September 15 of each year.
Debt instrument, redemption price, percentage			100%
Debt instrument, due date			Sep. 15, 2024
Senior Notes Due 2025 [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage		7.75%		7.75%
Long-term debt							$ 500,000,000		$ 500,000,000
Debt instrument, principal amount				$ 500,000,000
Proceeds from loan, percentage of principal (as a percent)				100%
Debt instrument, interest rate, effective percentage				7.75%
Debt instrument, interest payment terms							Interest on the 2025 Notes accrues at the rate of 7.750% per annum and is payable semiannually in cash in arrears on February 15 and August 15 of each year.
Debt instrument, due date				Aug. 15, 2025
Amended Receivable Securitization Facility [Member]
Debt Instrument [Line Items]
Receivables securitization facility, expiration period							2024-11

Long-term Debt - Schedule of Ca

Long-term Debt - Schedule of Carrying Amounts and Estimated Fair Values of Long-term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022
Debt Instrument [Line Items]
Long-term debt	$ 1,590,041	$ 1,589,490
Reported Value Measurement [Member]
Debt Instrument [Line Items]
Long-term debt	1,590,041	1,589,490
Estimate of Fair Value Measurement [Member]
Debt Instrument [Line Items]
Long-term debt	$ 1,433,733	$ 1,639,248

Earnings per Share - Summary of

Earnings per Share - Summary of Reconciliation between Weighted-average Common Shares Outstanding used in Calculation of Basis and Diluted Earnings Per Share (Details) - shares shares in Thousands	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share [Abstract]
Weighted average common shares outstanding—basic	64,820	64,299
Weighted average common shares outstanding—diluted	64,820	64,299

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2022
Income Tax Contingency [Line Items]
Unrecognized tax benefits	$ 12,064		$ 11,800
Effective income tax rate (as a percent)	20.40%	(4.20%)

Pension and Other Postretirem_3

Pension and Other Postretirement Benefit Plans - Schedule of Components of Net Periodic Benefit Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 179	$ 192
Interest cost	16,278	11,823
Expected return on plan assets	(30,324)	(33,455)
Amortization of prior service credits	26	42
Amortization of net loss	7,719	9,583
Curtailment loss		16,024
Special termination benefits		54
Net periodic benefit (income) expense	(6,122)	4,263
Other postretirement [Member]
Defined Benefit Plan Disclosure [Line Items]
Net periodic benefit (income) expense	$ 2,291	$ 2,349

Pension and Other Postretirem_4

Pension and Other Postretirement Benefit Plans - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Other postretirement [Member]
Defined Benefit Plan Disclosure [Line Items]
Net periodic benefit income	$ 2,291	$ 2,349

Stockholders' Deficit - Schedul

Stockholders' Deficit - Schedule of Changes in Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands		3 Months Ended
		Jun. 30, 2022	Jun. 30, 2021
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Balance		$ (787,423)	$ (818,853)
Total other comprehensive (loss) income		(5,897)	22,672
Balance		(805,287)	(826,226)
Currency Translation Adjustment [Member]
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Balance		(47,933)	(42,161)
Other comprehensive (loss) income before reclassifications		(10,382)	2,749
Total other comprehensive (loss) income		(10,382)	2,749
Balance		(58,315)	(39,412)
Unrealized Gains and Losses on Derivative Instruments [Member]
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Balance		(270)	1,015
Other comprehensive (loss) income before reclassifications		(470)	(1,719)
Amounts reclassified from AOCI		(368)	1,013
Total other comprehensive (loss) income		(838)	(706)
Balance		(1,108)	309
Defined Benefit Pension Plans and Other Postretirement Benefits [Member]
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Balance		(415,151)	(489,046)
Other comprehensive (loss) income before reclassifications			10,343
Amounts reclassified from AOCI	[1]	5,323	10,286
Total other comprehensive (loss) income		5,323	20,629
Balance		(409,828)	(468,417)
Accumulated Other Comprehensive Income (Loss) [Member]
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Balance	[2]	(463,354)	(530,192)
Other comprehensive (loss) income before reclassifications	[2]	(10,852)	11,373
Amounts reclassified from AOCI	[2]	4,955	11,299
Total other comprehensive (loss) income	[2]	(5,897)	22,672
Balance	[2]	$ (469,251)	$ (507,520)
[1] Includes amortization of actuarial losses and recognized prior service costs, which are included in net periodic pension income. Refer to Note 9 for additional disclosure regarding the Company's postretirement benefit plans. Net of tax

Segments - Additional Informati

Segments - Additional Information (Details) $ in Thousands	3 Months Ended
	Jun. 30, 2022 USD ($) Segment	Jun. 30, 2021 USD ($) Segment
Segment Reporting Information [Line Items]
Number of reportable segments | Segment	2	2
Net sales	$ 349,384	$ 396,646
Foreign Sales [Member]
Segment Reporting Information [Line Items]
Net sales	$ 70,104	$ 76,924

Segments - Schedule of Selected

Segments - Schedule of Selected Financial Information for Each Reportable Segment and Reconciliation of EBITDAP to Operating Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2022
Segment Reporting Information [Line Items]
Net sales to external customers	$ 349,384	$ 396,646
Intersegment sales (eliminated in consolidation)	0
Segment profit and reconciliation to consolidated income before income taxes:
Adjusted EBITDAP	56,729	60,218
Reconciliation of segment profit to loss before income taxes
Depreciation and amortization	(9,806)	(15,431)
Interest expense and other, net	(31,912)	(38,558)
Corporate expenses	(13,949)	(16,953)
Share-based compensation expense	(1,578)	(2,247)
Loss on sale of assets and businesses		(5,969)
Amortization of acquired contract liabilities	523	1,214
Non-service defined benefit income (loss)	8,586	(1,722)
Consideration payable to customer related to divestiture	(17,185)
Debt extinguishment loss		(9,689)
Loss before income taxes	(8,592)	(29,137)
Total capital expenditures	3,044	2,112
Total assets	1,667,461		$ 1,761,166
Systems & Support [Member]
Segment Reporting Information [Line Items]
Intersegment sales (eliminated in consolidation)	0	8
Reconciliation of segment profit to loss before income taxes
Amortization of acquired contract liabilities	523	1,202
Aerospace Structures [Member]
Segment Reporting Information [Line Items]
Intersegment sales (eliminated in consolidation)	12	11
Reconciliation of segment profit to loss before income taxes
Amortization of acquired contract liabilities	0	12
Corporate & Eliminations [Member]
Segment Reporting Information [Line Items]
Net sales to external customers	0
Intersegment sales (eliminated in consolidation)	(12)	(19)
Segment profit and reconciliation to consolidated income before income taxes:
Adjusted EBITDAP	0
Reconciliation of segment profit to loss before income taxes
Depreciation and amortization	(589)	(768)
Total capital expenditures	109	358
Total assets	102,670
Operating Segments [Member] | Systems & Support [Member]
Segment Reporting Information [Line Items]
Net sales to external customers	254,643	258,405
Segment profit and reconciliation to consolidated income before income taxes:
Adjusted EBITDAP	40,149	42,848
Reconciliation of segment profit to loss before income taxes
Depreciation and amortization	(7,521)	(8,504)
Total capital expenditures	2,879	1,102
Total assets	1,372,981
Operating Segments [Member] | Aerospace Structures [Member]
Segment Reporting Information [Line Items]
Net sales to external customers	94,741	138,241
Segment profit and reconciliation to consolidated income before income taxes:
Adjusted EBITDAP	16,580	17,370
Reconciliation of segment profit to loss before income taxes
Depreciation and amortization	(1,696)	(6,159)
Total capital expenditures	56	$ 652
Total assets	$ 191,810

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details)	3 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Annual payment period for withdrawal liability obligation	10 years

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) - Subsequent Event [Member] - Aerospace Structures [Member]	Aug. 03, 2022 USD ($)
Subsequent Event [Line Items]
Reduction in revenue related to consideration payable	$ 17,000
Advance liquidation liabilities	104,000
Other customer related liabilities	26,000
Curtailment charge	$ 2,000