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Business Segment Information
 12 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Business Segment Information Business Segment Information
 
ASC Topic 280, “Segment Reporting,” establishes the standards for reporting information about operating segments in financial statements. The Company has one operating and reportable segment for both internal and external reporting purposes.

Financial information relating to the Company’s operations by geographic area is as follows:
 Year Ended March 31,
 202420232022
Net sales:   
United States$591,497 $595,363 $548,620 
Germany233,797 175,294 188,134 
Europe, Middle East, and Africa (Excluding Germany)112,839 97,597 108,678 
Canada21,431 18,883 16,719 
Asia Pacific17,877 16,720 17,680 
Latin America36,099 32,383 26,724 
Total$1,013,540 $936,240 $906,555 

Note: Net sales to external customers are attributed to geographic areas based upon the location from which the product was shipped from the Company to the customer.
 Year Ended March 31,
 202420232022
Total assets:   
United States$1,129,237 $1,127,321 $1,105,956 
Germany553,103 417,167 422,671 
Europe, Middle East, and Africa (Excluding Germany)90,921 81,413 85,678 
Canada9,606 12,668 15,651 
Asia Pacific14,094 16,063 18,575 
Latin America28,984 43,823 37,176 
Total$1,825,945 $1,698,455 $1,685,707 
 Year Ended March 31,
 202420232022
Long-lived assets:   
United States$781,232 $791,835 $811,276 
Germany407,136 295,233 312,288 
Europe, Middle East, and Africa (Excluding Germany)8,156 8,254 7,416 
Canada1,190 1,267 1,446 
Asia Pacific2,058 2,207 2,574 
Latin America2,591 2,730 2,563 
Total$1,202,363 $1,101,526 $1,137,563 

Note: Long-lived assets include net property, plant, and equipment, goodwill, and other intangibles, net.

Sales by major product group are as follows:Year Ended March 31,
 202420232022
Hoists$494,726 $456,300 $432,524 
High Precision Conveyors163,462 149,586 144,587 
Chain and rigging tools74,075 76,990 83,461 
Industrial cranes39,520 38,369 43,482 
Actuators and rotary unions97,303 84,663 84,999 
Digital power control and delivery systems122,344 102,962 98,445 
Elevator application drive systems22,110 27,370 19,057 
Total$1,013,540 $936,240 $906,555