0001213900-24-093524 | 10-Q | XBRL Viewer

Fair Value	6 Months Ended
Sep. 28, 2024
Fair Value [Abstract]
Fair Value	6. Fair Value Fair value is defined as the price that would be expected to be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The FASB provides accounting rules that classify the inputs used to measure fair value into the following hierarchy: 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. Level 3 – Unobservable inputs for the asset or liability. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. As a result of the occurrence of triggering events such as purchase accounting for acquisitions, the Company measures certain assets and liabilities based on Level 3 inputs. Financial Instruments The Company’s financial instruments consist primarily of cash and cash equivalents, accounts receivable, trade accounts payable, accrued expenses, short-term borrowings, long-term debt, and derivatives in the form of an interest rate swap and a cross currency swap. Refer to Note 13 for further details on our derivative instruments. Due to their short-term nature, the carrying value of cash and cash equivalents, accounts receivable, trade accounts payable, accrued expenses and short-term borrowings are a reasonable estimate of their fair value. Long-term assets held on our balance sheets related to benefit plan obligations are measured at fair value. The fair value of the Company’s long-term fixed-rate debt, based on quoted market prices, was $480.7 and $456.8 at September 28, 2024 and March 30, 2024, respectively. The carrying value of this debt was $494.6 at September 28, 2024 and $494.2 at March 30, 2024. The fair value of long-term fixed-rate debt was measured using Level 1 inputs. Due to the nature of fair value calculations for variable-rate debt, the carrying value of the Company’s long-term variable-rate debt is a reasonable estimate of its fair value. The fair value of the interest rate swap was $(0.8) at September 28, 2024 and included in other noncurrent liabilities on the Company’s consolidated balance sheets. The fair value of the interest rate swap was $1.6 at March 30, 2024, and included in other noncurrent assets on the Company’s consolidated balance sheets. The fair value of the interest rate swap is measured using Level 2 inputs. The fair value of the cross currency swap was $(2.8) at September 28, 2024, and included in other noncurrent liabilities on the Company’s consolidated balance sheets. The fair value of the cross currency swap was measured using Level 2 inputs. The Company does not believe it has significant concentrations of risk associated with the counterparties to its financial instruments.

Fair Value

6 Months Ended

Sep. 28, 2024

6. Fair Value

Fair value is defined as the price that would be expected to be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The FASB provides accounting rules that classify the inputs used to measure fair value into the following hierarchy:

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.

Level 3 – Unobservable inputs for the asset or liability.

Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

As a result of the occurrence of triggering events such as purchase accounting for acquisitions, the Company measures certain assets and liabilities based on Level 3 inputs.

Financial Instruments

The Company’s financial instruments consist primarily of cash and cash equivalents, accounts receivable, trade accounts payable, accrued expenses, short-term borrowings, long-term debt, and derivatives in the form of an interest rate swap and a cross currency swap. Refer to Note 13 for further details on our derivative instruments.

Due to their short-term nature, the carrying value of cash and cash equivalents, accounts receivable, trade accounts payable, accrued expenses and short-term borrowings are a reasonable estimate of their fair value. Long-term assets held on our balance sheets related to benefit plan obligations are measured at fair value.

The fair value of the Company’s long-term fixed-rate debt, based on quoted market prices, was $480.7 and $456.8 at September 28, 2024 and March 30, 2024, respectively. The carrying value of this debt was $494.6 at September 28, 2024 and $494.2 at March 30, 2024. The fair value of long-term fixed-rate debt was measured using Level 1 inputs. Due to the nature of fair value calculations for variable-rate debt, the carrying value of the Company’s long-term variable-rate debt is a reasonable estimate of its fair value.

The fair value of the interest rate swap was $(0.8) at September 28, 2024 and included in other noncurrent liabilities on the Company’s consolidated balance sheets. The fair value of the interest rate swap was $1.6 at March 30, 2024, and included in other noncurrent assets on the Company’s consolidated balance sheets. The fair value of the interest rate swap is measured using Level 2 inputs.

The fair value of the cross currency swap was $(2.8) at September 28, 2024, and included in other noncurrent liabilities on the Company’s consolidated balance sheets. The fair value of the cross currency swap was measured using Level 2 inputs.

The Company does not believe it has significant concentrations of risk associated with the counterparties to its financial instruments.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

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+ Details

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended				6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Sep. 28, 2024	Jun. 29, 2024	Sep. 30, 2023	Jul. 01, 2023	Sep. 28, 2024	Sep. 28, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 54.2	$ 61.4	$ 51.7	$ 50.0	$ 115.6	$ 115.6	$ 101.7

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

Derivative Financial Instruments (Details) SFr in Millions, $ in Millions		6 Months Ended
	Sep. 28, 2024 USD ($)	Sep. 28, 2024 USD ($)	Aug. 12, 2024 USD ($)	Aug. 12, 2024 CHF (SFr)
Derivative Financial Instruments [Line Items]
Notional amount	$ 400.0	$ 400.0	$ 80.0	SFr 69.4
Maturity years	3 years	3 years
Fixed rate of interest percentage	4.455%	4.455%	2.77%	2.77%
Specified time period		3 years
Year 1 [Member]
Derivative Financial Instruments [Line Items]
Notional amount	$ 600.0	$ 600.0
Year 2 [Member]
Derivative Financial Instruments [Line Items]
Notional amount	400.0	400.0
Year 3 [Member]
Derivative Financial Instruments [Line Items]
Notional amount	100.0	100.0
Interest Rate Swap [Member]
Derivative Financial Instruments [Line Items]
Notional amount	$ 600.0	$ 600.0
Percentage of debt that bears interest at a fixed rate	82.00%

Consolidated Statements of Comprehensive Income (Unaudited) (Parentheticals) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Pension and postretirement liability adjustments, net of taxes	$ 0.1	$ 0.0	$ 0.1	$ 0.2
Change in fair value of interest rate swap, net of taxes	0.5	$ 0.1	0.5	$ 1.5
Change in fair value of cross currency swap, net of taxes	$ 0.6		$ 0.6

Reportable Segments

6 Months Ended

Sep. 28, 2024

Reportable Segments [Abstract]

Reportable Segments

12. Reportable Segments

The Company operates through operating segments and reports its financial results based on how its chief operating decision maker makes operating decisions, assesses the performance of the business, and allocates resources. Our operating segments are our reportable segments. These reportable operating segments are Aerospace/Defense and Industrial and are described below.

Aerospace/Defense. This segment represents the end markets for the Company’s highly engineered bearings and precision components used in commercial aerospace, defense aerospace, and sea and ground defense applications.

Industrial. This segment represents the end markets for the Company’s highly engineered bearings and precision components used in various industrial applications including: power transmission; construction, mining, energy and specialized equipment manufacturing; semiconductor production equipment manufacturing; agricultural machinery, commercial truck and automotive manufacturing; and tool holding.

Segment performance is evaluated based on segment net sales and gross margin. Items not allocated to segment operating income include corporate administrative expenses and certain other amounts. Where not separately disclosed, corporate costs are allocated to each segment. Identifiable assets by reportable segment consist of those directly identified with the segment’s operations.

	Three Months Ended						Six Months Ended
	September 28, 2024			September 30, 2023			September 28, 2024			September 30, 2023
Net External Sales
Aerospace/Defense	$	143.2		$	127.3		$	292.3		$	247.8
Industrial		254.7			258.3			511.9			524.9
	$	397.9		$	385.6		$	804.2		$	772.7
Gross Margin
Aerospace/Defense	$	56.8		$	50.6		$	119.9		$	97.9
Industrial		117.0			115.7			237.9			236.3
	$	173.8		$	166.3		$	357.8		$	334.2
Selling, General & Administrative Expenses
Aerospace/Defense	$	10.4		$	9.1		$	20.7		$	18.2
Industrial		33.1			31.8			67.2			65.8
Corporate		26.0			19.6			49.2			41.2
	$	69.5		$	60.5		$	137.1		$	125.2
Operating Income
Aerospace/Defense	$	46.3		$	39.7		$	96.9		$	76.5
Industrial		68.5			69.5			141.0			140.6
Corporate		(28.7	)		(21.4	)		(54.3	)		(44.3	)
	$	86.1		$	87.8		$	183.6		$	172.8

	September 28, 2024		March 30, 2024
Total Assets
Aerospace/Defense	$	827.7	$	798.6
Industrial		3,754.8		3,779.6
Corporate		130.3		100.4
	$	4,712.8	$	4,678.6

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

Subsequent Events (Details)			6 Months Ended
Subsequent Events (Details)	Oct. 15, 2024 $ / shares	Oct. 14, 2024 USD ($) $ / shares shares	Sep. 28, 2023 $ / shares	Sep. 28, 2024 USD ($) shares	Mar. 30, 2024 USD ($) shares
Subsequent Events (Details) [Line Items]
Common stock value (in Dollars) \| $				$ 300,000	$ 300,000
Common stock, shares issued (in Shares) \| shares				30,411,361	30,227,444
Cash per share \| $ / shares			$ 23
Subsequent Event [Member]
Subsequent Events (Details) [Line Items]
Conversion price per share \| $ / shares	$ 0.4413	$ 226.63
Trading days		20
Common stock value (in Dollars) \| $		$ 226.63
Common stock, shares issued (in Shares) \| shares		2,029,955
Subsequent Event [Member] \| Common Stock [Member]
Subsequent Events (Details) [Line Items]
Conversion price per share \| $ / shares		$ 0.4413
Common stock value (in Dollars) \| $		$ 292.55

Reportable Segments (Tables)

6 Months Ended

Sep. 28, 2024

Reportable Segments [Abstract]

Schedule of Reportable Segment

Identifiable assets by reportable segment consist of those directly identified with the segment’s operations.

	Three Months Ended						Six Months Ended
	September 28, 2024			September 30, 2023			September 28, 2024			September 30, 2023
Net External Sales
Aerospace/Defense	$	143.2		$	127.3		$	292.3		$	247.8
Industrial		254.7			258.3			511.9			524.9
	$	397.9		$	385.6		$	804.2		$	772.7
Gross Margin
Aerospace/Defense	$	56.8		$	50.6		$	119.9		$	97.9
Industrial		117.0			115.7			237.9			236.3
	$	173.8		$	166.3		$	357.8		$	334.2
Selling, General & Administrative Expenses
Aerospace/Defense	$	10.4		$	9.1		$	20.7		$	18.2
Industrial		33.1			31.8			67.2			65.8
Corporate		26.0			19.6			49.2			41.2
	$	69.5		$	60.5		$	137.1		$	125.2
Operating Income
Aerospace/Defense	$	46.3		$	39.7		$	96.9		$	76.5
Industrial		68.5			69.5			141.0			140.6
Corporate		(28.7	)		(21.4	)		(54.3	)		(44.3	)
	$	86.1		$	87.8		$	183.6		$	172.8

	September 28, 2024		March 30, 2024
Total Assets
Aerospace/Defense	$	827.7	$	798.6
Industrial		3,754.8		3,779.6
Corporate		130.3		100.4
	$	4,712.8	$	4,678.6

Accrued Expenses and Other Current Liabilities

6 Months Ended

Sep. 28, 2024

Accrued Expenses and Other Current Liabilities [Abstract]

Accrued Expenses and Other Current Liabilities

9. Accrued Expenses and Other Current Liabilities

The significant components of accrued expenses and other current liabilities are as follows:

	September 28, 2024		March 30, 2024
Employee compensation and related benefits	$	41.8	$	35.7
Taxes		8.3		23.1
Contract liabilities		25.1		22.5
Accrued rebates		36.7		38.0
Current finance lease liabilities		5.9		5.7
Accrued preferred stock dividends		4.7		4.8
Interest		13.5		10.4
Returns and warranties		9.4		9.2
Other		11.3		17.9
	$	156.7	$	167.3

Net Income Per Share Attributable to Common Stockholders (Details) - shares	3 Months Ended		6 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023	Mar. 30, 2024
Net income Per-share Attributable to Common Stockholders [Line Items]
Stock options conversion			5.00%
Preferred stock, shares outstanding	4,598,500	4,600,000	4,598,500	4,600,000	4,600,000
MCPS shares [Member]
Net income Per-share Attributable to Common Stockholders [Line Items]
Share converted			1,500
Employee stock options [Member]
Net income Per-share Attributable to Common Stockholders [Line Items]
Number of shares	50,205	139,198	60,907	140,672
Restricted Stock [Member]
Net income Per-share Attributable to Common Stockholders [Line Items]
Number of shares			3,250	105
Common Stock [Member]
Net income Per-share Attributable to Common Stockholders [Line Items]
Share converted			661

Net Income Per Share Attributable to Common Stockholders

6 Months Ended

Sep. 28, 2024

Net income Per-share Attributable to Common Stockholders [Abstract]

Net Income Per Share Attributable to Common Stockholders

5. Net Income Per Share Attributable to Common Stockholders

Basic net income per share attributable to common stockholders is computed by dividing net income attributable to common stockholders by the weighted-average number of common shares outstanding.

Diluted net income per share attributable to common stockholders is computed by dividing net income attributable to common stockholders by the sum of the weighted-average number of common shares and dilutive common share equivalents then outstanding using the treasury stock method. Common share equivalents consist of the incremental common shares issuable upon the exercise of stock options and the conversion of our 5.00% Series A Mandatory Convertible Preferred Stock (the “MCPS”) to common shares.

We exclude outstanding stock options, stock awards and the MCPS from the calculations if the effect would be anti-dilutive. The dilutive effect of the MCPS is calculated using the if-converted method. The if-converted method assumes that these securities were converted to shares of common stock at the beginning of the reporting period to the extent that the effect is dilutive. If the effect is anti-dilutive, we calculate net income per share attributable to common stockholders by adjusting the numerator for the effect of the cumulative MCPS dividends for the respective period.

During the three-month period ended September 28, 2024, certain holders of the MCPS elected to exercise their right to convert their MCPS shares into common shares prior to the mandatory conversion date of October 15, 2024. This resulted in 1,500 MCPS shares being converted to 661 common shares during the period.

As of September 28, 2024 and September 30, 2023, there were 4,598,500 and 4,600,000 MCPS shares outstanding, respectively. For the three-month and six-month periods ended September 28, 2024 and September 30, 2023, respectively, the effect of assuming the conversion of these MCPS shares into shares of common stock was anti-dilutive, and therefore excluded from the calculation of diluted earnings per share attributable to common stockholders. Accordingly, net income was reduced by cumulative MCPS dividends, as presented in our consolidated statement of operations, for purposes of calculating the numerator in the diluted net income per share attributable to common stockholders.

For the three months ended September 28, 2024, 50,205 employee stock options and no restricted shares were excluded from the calculation of diluted earnings per share attributable to common stockholders. For the six months ended September 28, 2024, 60,907 employee stock options and 3,250 restricted shares were excluded from the calculation of diluted earnings per share attributable to common stockholders. The inclusion of these employee stock options and restricted shares would have been anti-dilutive.

For the three months ended September 30, 2023, 139,198 employee stock options and no restricted shares were excluded from the calculation of diluted earnings per share attributable to common stockholders. For the six months ended September 30, 2023, 140,672 employee stock options and 105 restricted shares were excluded from the calculation of diluted earnings per share attributable to common stockholders. The inclusion of these employee stock options and restricted shares would have been anti-dilutive.

The table below reflects the calculation of weighted-average shares outstanding for each period presented as well as the computation of basic and diluted net income per share attributable to common stockholders.

	Three Months Ended				Six Months Ended
	September 28, 2024		September 30, 2023		September 28, 2024		September 30, 2023
Net income	$	54.2	$	51.7	$	115.6	$	101.7
Preferred stock dividends		5.7		5.8		11.4		11.5
Net income attributable to common stockholders	$	48.5	$	45.9	$	104.2	$	90.2

Denominator for basic net income per share attributable to common stockholders — weighted-average shares outstanding		29,124,564		28,885,411		29,089,692		28,866,142
Effect of dilution due to employee stock awards		211,902		253,185		226,801		260,528
Denominator for diluted net income per share attributable to common stockholders — weighted-average shares outstanding		29,336,466		29,138,596		29,316,493		29,126,670

Basic net income per share attributable to common stockholders	$	1.67	$	1.59	$	3.58	$	3.13

Diluted net income per share attributable to common stockholders	$	1.65	$	1.58	$	3.55	$	3.10

Reportable Segments (Details) - Schedule of Reportable Segment - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023	Mar. 30, 2024
Net External Sales
Net External Sales	$ 397.9	$ 385.6	$ 804.2	$ 772.7
Gross Margin
Gross Margin	173.8	166.3	357.8	334.2
Selling, General & Administrative Expenses
Selling, General & Administrative Expenses	69.5	60.5	137.1	125.2
Operating Income
Operating Income	86.1	87.8	183.6	172.8
Total Assets
Total Assets	4,712.8		4,712.8		$ 4,678.6
Aerospace/Defense [Member]
Net External Sales
Net External Sales	143.2	127.3	292.3	247.8
Gross Margin
Gross Margin	56.8	50.6	119.9	97.9
Selling, General & Administrative Expenses
Selling, General & Administrative Expenses	10.4	9.1	20.7	18.2
Operating Income
Operating Income	46.3	39.7	96.9	76.5
Total Assets
Total Assets	827.7		827.7		798.6
Industrial [Member]
Net External Sales
Net External Sales	254.7	258.3	511.9	524.9
Gross Margin
Gross Margin	117.0	115.7	237.9	236.3
Selling, General & Administrative Expenses
Selling, General & Administrative Expenses	33.1	31.8	67.2	65.8
Operating Income
Operating Income	68.5	69.5	141.0	140.6
Total Assets
Total Assets	3,754.8		3,754.8		3,779.6
Corporate [Member]
Selling, General & Administrative Expenses
Selling, General & Administrative Expenses	26.0	19.6	49.2	41.2
Operating Income
Operating Income	(28.7)	$ (21.4)	(54.3)	$ (44.3)
Total Assets
Total Assets	$ 130.3		$ 130.3		$ 100.4

Inventory (Tables)

6 Months Ended

Sep. 28, 2024

Inventory [Abstract]

Schedule of Inventories

Inventories are stated at the lower of cost or net realizable value, using the first-in, first-out method, and are summarized below:

	September 28, 2024		March 30, 2024
Raw materials	$	145.4	$	138.1
Work in process		149.6		137.9
Finished goods		351.7		346.8
	$	646.7	$	622.8

Revenue from Contracts with Customers (Tables)

6 Months Ended

Sep. 28, 2024

Revenue from Contracts with Customers [Abstract]

Schedule of Disaggregates Total Revenue by Reportable Segments

The following table disaggregates total revenue by end market which is how we view our reportable segments (see Note 12):

	Three Months Ended				Six Months Ended
	September 28, 2024		September 30, 2023		September 28, 2024		September 30, 2023
Aerospace/Defense	$	143.2	$	127.3	$	292.3	$	247.8
Industrial		254.7		258.3		511.9		524.9
Total	$	397.9	$	385.6	$	804.2	$	772.7

Schedule of Disaggregates Total Revenue by Geographic Origin

The following table disaggregates total revenue by geographic origin:

	Three Months Ended				Six Months Ended
	September 28, 2024		September 30, 2023		September 28, 2024		September 30, 2023
United States	$	352.4	$	342.0	$	712.5	$	683.3
International		45.5		43.6		91.7		89.4
Total	$	397.9	$	385.6	$	804.2	$	772.7

Schedule of Percentage Revenue Recognized for Performance Obligations Satisfied Over Time Versus the Amount of Revenue Recognized

The following table illustrates the approximate percentage of revenue recognized for performance obligations satisfied over time versus the amount of revenue recognized for performance obligations satisfied at a point in time:

	Three Months Ended						Six Months Ended
	September 28, 2024			September 30, 2023			September 28, 2024			September 30, 2023
Point-in-time		98	%		98	%		97	%		98	%
Over time		2	%		2	%		3	%		2	%
Total		100	%		100	%		100	%		100	%

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Sep. 28, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net income	$ 115.6	$ 101.7
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	60.2	59.7
Deferred income taxes	(10.2)	(6.5)
Amortization of deferred financing costs	1.0	1.6
Stock-based compensation	13.1	9.1
Noncash operating lease expense	3.2	3.5
Loss on disposition of assets	0.1	0.4
Consolidation, restructuring, and other noncash charges		0.6
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	0.8	(3.7)
Inventory	(20.7)	(24.8)
Prepaid expenses and other current assets	(7.0)	(0.7)
Other noncurrent assets	(2.0)	(2.0)
Accounts payable	11.0	(16.0)
Accrued expenses and other current liabilities	(16.2)	(7.7)
Other noncurrent liabilities	(8.5)	(0.4)
Net cash provided by operating activities	140.4	114.8
Cash flows from investing activities:
Capital expenditures	(25.2)	(14.2)
Proceeds from sale of assets		0.4
Acquisition of business/purchase price adjustments for acquisition		(18.7)
Net cash used in investing activities	(25.2)	(32.5)
Cash flows from financing activities:
Proceeds received from revolving credit facility		18.0
Repayment of revolving credit facility	(20.4)
Repayments of term loans	(75.0)	(90.0)
Repayments of notes payable	(1.3)	(1.3)
Proceeds from mortgage	4.5
Principal payments on finance lease obligations	(2.1)	(1.6)
Preferred stock dividends paid	(11.5)	(11.5)
Exercise of stock options	25.2	3.0
Repurchase of common stock	(8.4)	(7.0)
Net cash used in financing activities	(89.0)	(90.4)
Effect of exchange rate changes on cash	(0.6)	(0.7)
Cash and cash equivalents:
Increase/(decrease) during the period	25.6	(8.8)
Cash and cash equivalents, at beginning of period	63.5	65.4
Cash and cash equivalents, at end of period	89.1	56.6
Supplemental disclosures of cash flow information:
Income taxes	57.9	42.4
Interest	$ 28.8	$ 39.1

Inventory (Details) - Schedule of Inventories - USD ($) $ in Millions	Sep. 28, 2024	Mar. 30, 2024
Schedule of Inventories [Abstract]
Raw materials	$ 145.4	$ 138.1
Work in process	149.6	137.9
Finished goods	351.7	346.8
Inventory net, total	$ 646.7	$ 622.8

Basis of Presentation (Details)	3 Months Ended		6 Months Ended
Basis of Presentation (Details)	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Basis of Presentation [Abstract]
Quarterly period contains	13 weeks	13 weeks	26 weeks	26 weeks

Net Income Per Share Attributable to Common Stockholders (Details) - Schedule of Basic and Diluted Net Income Per-Share - USD ($) $ / shares in Units, $ in Millions	3 Months Ended				6 Months Ended
	Sep. 28, 2024	Jun. 29, 2024	Sep. 30, 2023	Jul. 01, 2023	Sep. 28, 2024	Sep. 28, 2024	Sep. 30, 2023
Net income Per-share Attributable to Common Stockholders [Abstract]
Net income	$ 54.2	$ 61.4	$ 51.7	$ 50.0	$ 115.6	$ 115.6	$ 101.7
Preferred stock dividends	5.7		5.8		11.4		11.5
Net income attributable to common stockholders	$ 48.5		$ 45.9		$ 104.2		$ 90.2
Denominator for basic net income per share attributable to common stockholders — weighted-average shares outstanding	29,124,564		28,885,411		29,089,692		28,866,142
Effect of dilution due to employee stock awards	211,902		253,185		226,801		260,528
Denominator for diluted net income per share attributable to common stockholders — weighted-average shares outstanding	29,336,466		29,138,596		29,316,493		29,126,670
Basic net income per share attributable to common stockholders	$ 1.67		$ 1.59		$ 3.58		$ 3.13
Diluted net income per share attributable to common stockholders	$ 1.65		$ 1.58		$ 3.55		$ 3.1

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

- Definition

Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Sep. 28, 2024

Accumulated Other Comprehensive Income [Abstract]

Schedule of Accumulated Other Comprehensive Income, Net of Taxes

The following summarizes the activity within each component of accumulated other comprehensive income, net of taxes:

	Currency Translation			Change in Fair Value of Interest Rate Swap			Change in Fair Value of Cross Currency Swap			Pension and Postretirement Liability		Total
Balance at March 30, 2024	$	(3.6	)	$	1.2		$	—		$	3.1	$	0.7
Reclassification to net income		—			1.7			0.3			—		2.0
Change in pension and postretirement liability		—			—			—			0.6		0.6
Net gain on foreign currency translation		5.6			—			—			—		5.6
Loss on interest rate swap, net of taxes		—			(3.6	)		—			—		(3.6	)
Loss on cross currency swap, net of taxes		—			—			(2.4	)		—		(2.4	)
Net current period other comprehensive income		5.6			(1.9	)		(2.1	)		0.6		2.2
Balance at September 28, 2024	$	2.0		$	(0.7	)	$	(2.1	)	$	3.7	$	2.9

Revenue from Contracts with Customers

6 Months Ended

Sep. 28, 2024

Revenue from Contracts with Customers [Abstract]

Revenue from Contracts with Customers

3. Revenue from Contracts with Customers

Disaggregation of Revenue

The following table disaggregates total revenue by end market which is how we view our reportable segments (see Note 12):

	Three Months Ended				Six Months Ended
	September 28, 2024		September 30, 2023		September 28, 2024		September 30, 2023
Aerospace/Defense	$	143.2	$	127.3	$	292.3	$	247.8
Industrial		254.7		258.3		511.9		524.9
Total	$	397.9	$	385.6	$	804.2	$	772.7

The following table disaggregates total revenue by geographic origin:

	Three Months Ended				Six Months Ended
	September 28, 2024		September 30, 2023		September 28, 2024		September 30, 2023
United States	$	352.4	$	342.0	$	712.5	$	683.3
International		45.5		43.6		91.7		89.4
Total	$	397.9	$	385.6	$	804.2	$	772.7

	Three Months Ended						Six Months Ended
	September 28, 2024			September 30, 2023			September 28, 2024			September 30, 2023
Point-in-time		98	%		98	%		97	%		98	%
Over time		2	%		2	%		3	%		2	%
Total		100	%		100	%		100	%		100	%

Remaining Performance Obligations

Remaining performance obligations represent the transaction price of orders meeting the definition of a contract for which work has not been performed or has been partially performed and excludes unexercised contract options. The duration of the majority of our contracts, as defined by ASC Topic 606, is less than one year. The Company has elected to apply the practical expedient, which allows the Company to exclude remaining performance obligations with an original expected duration of one year or less. The aggregate amount of the transaction price allocated to remaining performance obligations for such contracts with a duration of more than one year was approximately $487.3 at September 28, 2024. The Company expects to recognize revenue on approximately 64% and 90% of the remaining performance obligations over the next 12 and 24 months, respectively, with the remainder recognized thereafter.

Contract Balances

The timing of revenue recognition, invoicing and cash collections affects accounts receivable, unbilled receivables (contract assets) and customer advances and deposits (contract liabilities) on the consolidated balance sheets. These assets and liabilities are reported on the consolidated balance sheets on an individual contract basis at the end of each reporting period.

Contract Assets (Unbilled Receivables) - Pursuant to the over-time revenue recognition model, revenue may be recognized prior to the customer being invoiced. An unbilled receivable is recorded to reflect revenue that is recognized when (1) the cost-to-cost method is applied and (2) such revenue exceeds the amount invoiced to the customer.

As of September 28, 2024 and March 30, 2024, current contract assets were $8.2 and $6.9, respectively, and included within prepaid expenses and other current assets on the consolidated balance sheets. The increase in contract assets was primarily due to the recognition of revenue related to the satisfaction or partial satisfaction of performance obligations prior to billing, partially offset by amounts billed to customers during the period. As of September 28, 2024 and March 30, 2024, the Company did not have any contract assets classified as noncurrent on the consolidated balance sheets.

Contract Liabilities (Deferred Revenue) - The Company may receive a customer advance or deposit, or have an unconditional right to receive a customer advance, prior to revenue being recognized. Since the performance obligations related to such advances may not have been satisfied, a contract liability is established. Advance payments are not considered a significant financing component as the timing of the transfer of the related goods or services is at the discretion of the customer.

As of September 28, 2024 and March 30, 2024, current contract liabilities were $25.1 and $22.5, respectively, and are included within accrued expenses and other current liabilities on the consolidated balance sheets. The increase in current contract liabilities was primarily due to advance payments received and the reclassification of a portion of advance payments received from the noncurrent portion of contract liabilities partially offset by revenue recognized on customer contracts. For the three and six months ended September 28, 2024, the Company recognized revenues of $5.9 and $11.6 that were included in the current contract liability balance as of March 30, 2024. For the three and six months ended September 30, 2023, the Company recognized revenues of $4.7 and $9.3 that were included in the current contract liability balance at April 1, 2023.

As of September 28, 2024 and March 30, 2024, noncurrent contract liabilities were $13.1 and $19.9, respectively, and included within other noncurrent liabilities on the consolidated balance sheets. The decrease in noncurrent contract liabilities was primarily due to the reclassification of a portion of advance payments received to the current portion of contract liabilities.

Variable Consideration

The amount of consideration to which the Company expects to be entitled in exchange for goods and services is not generally subject to significant variations. However, the Company does offer certain customers rebates, prompt payment discounts, end-user discounts and the right to return eligible products. The Company estimates this variable consideration using the expected value amount, which is based on historical experience. The Company includes estimated amounts in the transaction price to the extent it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is resolved. The Company adjusts the estimate of revenue at the earlier of when the amount of consideration the Company expects to receive changes or when the consideration becomes fixed. Accrued customer rebates were $36.7 and $38.0 at September 28, 2024 and March 30, 2024, respectively, and are included within accrued expenses and other current liabilities on the consolidated balance sheets.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Name Accounting Standards Codification
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-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
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-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Section 50
-Paragraph 12
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-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Name Accounting Standards Codification
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
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-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

Goodwill and Intangible Assets (Tables)

6 Months Ended

Sep. 28, 2024

Goodwill and Intangible Assets [Abstract]

Schedule of Goodwill Balances, by Segment

Goodwill balances, by segment, consist of the following:

	Aerospace/ Defense		Industrial		Total
March 30, 2024	$	199.2	$	1,675.7	$	1,874.9
Currency translation adjustments		—		1.0		1.0
September 28, 2024	$	199.2	$	1,676.7	$	1,875.9

Schedule of Intangible Assets

Intangible Assets

	Weighted	September 28, 2024				March 30, 2024
	Average Useful Lives (Years)	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Product approvals	24	$	50.7	$	21.2	$	50.7	$	20.3
Customer relationships and lists	24		1,301.7		188.2		1,300.7		160.7
Trade names	25		217.2		37.2		217.2		32.5
Patents and trademarks	15		10.9		6.8		10.8		6.5
Domain names	10		0.4		0.4		0.4		0.4
Internal-use software	3		19.2		11.4		16.7		8.8
Other	5		1.6		1.3		1.6		1.3
			1,601.7		266.5		1,598.1		230.5
Non-amortizable repair station certifications	n/a		24.3		—		24.3		—
Total	24	$	1,626.0	$	266.5	$	1,622.4	$	230.5

Schedule of Estimated Amortization Expense

These amounts are included in other, net on the Company’s consolidated statements of operations. Estimated amortization expense for the remainder of fiscal 2025 and for the five succeeding fiscal years and thereafter is as follows:

Remainder of Fiscal 2025	$	36.3
Fiscal 2026		69.5
Fiscal 2027		64.8
Fiscal 2028		64.8
Fiscal 2029		64.7
Fiscal 2030		64.7
Fiscal 2031 and thereafter		970.4

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

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-Paragraph 1
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Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A

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-Topic 350
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-2

+ Details

Goodwill and Intangible Assets (Details) - Schedule of Estimated Amortization Expense $ in Millions	Sep. 28, 2024 USD ($)
Schedule of Estimated Amortization Expense [Abstract]
Remainder of Fiscal 2025	$ 36.3
Fiscal 2026	69.5
Fiscal 2027	64.8
Fiscal 2028	64.8
Fiscal 2029	64.7
Fiscal 2030	64.7
Fiscal 2031 and thereafter	$ 970.4

Derivative Financial Instruments

6 Months Ended

Sep. 28, 2024

Derivative Financial Instruments [Abstract]

Derivative Financial Instruments

13. Derivative Financial Instruments

The Company is exposed to certain risks relating to its ongoing business operations, including market risks relating to fluctuations in interest rates and foreign exchange rates. Derivative financial instruments are recognized on the consolidated balance sheets as either assets or liabilities and are measured at fair value. Changes in the fair values of the derivative are recorded each period in earnings or accumulated other comprehensive income, depending on whether a derivative is effective as part of a hedged transaction. Gains and losses on derivative instruments reported in accumulated other comprehensive income are subsequently included in earnings in the periods in which earnings are affected by the hedged item. The Company does not use derivative instruments for speculative purposes.

In fiscal 2023, the Company entered into a three-year U.S. dollar-denominated interest rate swap (the “Interest Swap”) with a third-party financial counterparty under the Credit Agreement (see Note 10). The Interest Rate Swap was executed to protect the Company from interest rate volatility on our variable-rate Term Loan. The Interest Rate Swap became effective December 30, 2022 and is comprised of a $600.0 notional with a maturity of three years. The notional was $400.0 as of September 28, 2024. We receive a variable rate based on one-month Term SOFR and pay a fixed rate of 4.455%. As of September 28, 2024, approximately 82% of our debt bears interest at a fixed rate after giving effect to the interest rate swap agreement in place. The notional on the Interest Rate Swap amortizes as follows:

Year 1: $600.0

Year 2: $400.0

Year 3: $100.0

The Interest Rate Swap has been designated as a cash flow hedge of the variability of the first unhedged interest payments (the hedged transactions) paid over the hedging relationship’s specified time period of three years attributable to the borrowing’s contractually specified interest index on the hedged principal of its general borrowing program or replacement or refinancing thereof. The fair value of the Interest Rate Swap has been disclosed in Note 6. The balance in accumulated other comprehensive income related to the Interest Rate Swap has been disclosed in Note 4. The gain/loss reclassified from accumulated other comprehensive income into earnings has been recorded as interest income/expense on the Interest Rate Swap and included in the operating section of the Company’s consolidated statements of cash flows.

On August 12, 2024, the Company entered into a three-year pay Swiss franc fixed/receive U.S. dollar fixed, cross currency swap (the “Cross Currency Swap”) with a third-party financial counterparty. The objective of the Cross Currency Swap is to economically hedge the Company’s net investment in its lower-tier European subsidiary, Schaublin, against adverse changes in the Swiss franc/U.S. dollar exchange rate. The Cross Currency Swap is based upon a net investment of CHF 69.4 ($80.0 USD) notional amount with a three-year maturity date. RBC receives a fixed U.S. dollar amount on a month-to-month basis based upon a fixed annual rate of 2.77% of the notional amount. At maturity, RBC will net-settle the principal of the Cross Currency Swap in cash with the counterparty.

The Cross Currency Swap has been designated as a net investment hedge on an after-tax basis. The fair value of the Cross Currency Swap has been disclosed in Note 6. The balance in accumulated other comprehensive income related to the Cross Currency Swap has been disclosed in Note 4.

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Millions	Sep. 28, 2024	Mar. 30, 2024
Statement of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts (in Dollars)	$ 4.1	$ 4.4
Preferred stock, par value (in Dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	4,598,500	4,600,000
Preferred stock, shares outstanding	4,598,500	4,600,000
Common stock, par value (in Dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	60,000,000	60,000,000
Common stock, shares issued	30,411,361	30,227,444
Common stock, shares outstanding	30,411,361	30,227,444
Treasury stock, at cost	1,043,730	1,015,053

Debt (Details) - Schedule of Balances Payable Under All Borrowing Facilities - USD ($) $ in Millions	Sep. 28, 2024	Mar. 30, 2024
Schedule of Balances Payable Under All Borrowing Facilities [Abstract]
Revolver and term loan facilities	$ 600.0	$ 695.2
Senior notes	500.0	500.0
Debt issuance costs	(9.7)	(10.7)
Other	11.2	7.4
Total debt	1,101.5	1,191.9
Less: current portion	1.8	3.8
Long-term debt	$ 1,099.7	$ 1,188.1

- Definition

The carrying value as of the balance sheet date of the noncurrent portion of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Income Statement [Abstract]
Net sales	$ 397.9	$ 385.6	$ 804.2	$ 772.7
Cost of sales	224.1	219.3	446.4	438.5
Gross margin	173.8	166.3	357.8	334.2
Operating expenses:
Selling, general and administrative	69.5	60.5	137.1	125.2
Other, net	18.2	18.0	37.1	36.2
Total operating expenses	87.7	78.5	174.2	161.4
Operating income	86.1	87.8	183.6	172.8
Interest expense, net	15.6	20.1	32.8	40.6
Other non-operating expense	1.1	0.8	1.5	1.3
Income before income taxes	69.4	66.9	149.3	130.9
Provision for income taxes	15.2	15.2	33.7	29.2
Net income	54.2	51.7	115.6	101.7
Preferred stock dividends	5.7	5.8	11.4	11.5
Net income attributable to common stockholders	$ 48.5	$ 45.9	$ 104.2	$ 90.2
Net income per common share attributable to common stockholders:
Basic (in Dollars per share)	$ 1.67	$ 1.59	$ 3.58	$ 3.13
Diluted (in Dollars per share)	$ 1.65	$ 1.58	$ 3.55	$ 3.1
Weighted average common shares:
Basic (in Shares)	29,124,564	28,885,411	29,089,692	28,866,142
Diluted (in Shares)	29,336,466	29,138,596	29,316,493	29,126,670

Goodwill and Intangible Assets (Details) - Schedule of Intangible Assets - USD ($) $ in Millions	Sep. 28, 2024	Mar. 30, 2024
Schedule of Intangible Assets [Line Items]
Gross Carrying Amount	$ 1,601.7	$ 1,598.1
Accumulated Amortization	$ 266.5	230.5
Non-amortizable repair station certifications, Weighted Average Useful Lives	n/a
Non-amortizable repair station certifications, Gross Carrying Amount	$ 24.3	24.3
Non-amortizable repair station certifications, Accumulated Amortization
Total, Weighted Average Useful Lives	24 years
Total, Gross Carrying Amount	$ 1,626.0	1,622.4
Total, Accumulated Amortization	$ 266.5	230.5
Product Approvals [Member]
Schedule of Intangible Assets [Line Items]
Weighted Average Useful Lives	24 years
Gross Carrying Amount	$ 50.7	50.7
Accumulated Amortization	$ 21.2	20.3
Customer Relationships and Lists [Member]
Schedule of Intangible Assets [Line Items]
Weighted Average Useful Lives	24 years
Gross Carrying Amount	$ 1,301.7	1,300.7
Accumulated Amortization	$ 188.2	160.7
Trade Names [Member]
Schedule of Intangible Assets [Line Items]
Weighted Average Useful Lives	25 years
Gross Carrying Amount	$ 217.2	217.2
Accumulated Amortization	$ 37.2	32.5
Patents and Trademarks [Member]
Schedule of Intangible Assets [Line Items]
Weighted Average Useful Lives	15 years
Gross Carrying Amount	$ 10.9	10.8
Accumulated Amortization	$ 6.8	6.5
Domain Names [Member]
Schedule of Intangible Assets [Line Items]
Weighted Average Useful Lives	10 years
Gross Carrying Amount	$ 0.4	0.4
Accumulated Amortization	$ 0.4	0.4
Internal-use Software [Member]
Schedule of Intangible Assets [Line Items]
Weighted Average Useful Lives	3 years
Gross Carrying Amount	$ 19.2	16.7
Accumulated Amortization	$ 11.4	8.8
Other [Member]
Schedule of Intangible Assets [Line Items]
Weighted Average Useful Lives	5 years
Gross Carrying Amount	$ 1.6	1.6
Accumulated Amortization	$ 1.3	$ 1.3

Accrued Expenses and Other Current Liabilities (Tables)

6 Months Ended

Sep. 28, 2024

Accrued Expenses and Other Current Liabilities [Abstract]

Schedule of Accrued Expenses and Other Current Liabilities

The significant components of accrued expenses and other current liabilities are as follows:

	September 28, 2024		March 30, 2024
Employee compensation and related benefits	$	41.8	$	35.7
Taxes		8.3		23.1
Contract liabilities		25.1		22.5
Accrued rebates		36.7		38.0
Current finance lease liabilities		5.9		5.7
Accrued preferred stock dividends		4.7		4.8
Interest		13.5		10.4
Returns and warranties		9.4		9.2
Other		11.3		17.9
	$	156.7	$	167.3

Revenue from Contracts with Customers (Details) - Schedule of Disaggregates Total Revenue by Reportable Segments - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Schedule of Disaggregates Total Revenue by Reportable Segments [Line Items]
Net sales	$ 397.9	$ 385.6	$ 804.2	$ 772.7
Aerospace/Defense [Member]
Schedule of Disaggregates Total Revenue by Reportable Segments [Line Items]
Net sales	143.2	127.3	292.3	247.8
Industrial [Member]
Schedule of Disaggregates Total Revenue by Reportable Segments [Line Items]
Net sales	$ 254.7	$ 258.3	$ 511.9	$ 524.9

- Definition

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

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+ Details

Debt (Details) SFr in Millions, CHE in Millions, $ in Millions	1 Months Ended		6 Months Ended	12 Months Ended
	Jul. 31, 2024 USD ($)	Jul. 31, 2024 CHE	Sep. 28, 2024 USD ($)	Apr. 02, 2022 USD ($)	Sep. 28, 2024 CHF (SFr)	Jul. 31, 2024 CHF (SFr)
Debt [Line Items]
Future principal payments for fiscal 2025			$ 0.0
Future principal payments for fiscal 2026			0.0
Future principal payments for fiscal 2027			$ 600.0
Credit agreement, description			The Credit Agreement requires the Company to comply with various covenants, including the following financial covenants: (a) a maximum Total Net Leverage Ratio (as defined in the Credit Agreement) of 5.00:1.00, which maximum Total Net Leverage Ratio shall decrease during certain subsequent test periods as set forth in the Credit Agreement (provided that, no more than once during the term of the Facilities, such maximum ratio applicable at such time may be increased by the Company by 0.50:1.00 for a period of 12 months after the consummation of a material acquisition); and (b) a minimum Interest Coverage Ratio of 2.00:1.00.
Outstanding amounts under the term loan			$ 600.0
Revolving credit facility, borrowing capacity			496.3
Amount paid			$ 32.0
Net proceeds from issuance of senior notes				$ 492.0
Senior notes, interest rate			4.375%
Debt guarantee bank			$ 0.1
Purchased a building	$ 8.4	CHE 7.1
Fixed rate mortgage term	10 years					10 years
Debt fixed rate mortgage	$ 4.5					SFr 4.0
Senior Notes due 2029 [Member]
Debt [Line Items]
Senior notes, aggregate principal amount				$ 500.0
Principal amount percentage				4.375%
Term Loan Facility [Member]
Debt [Line Items]
Credit facility maximum borrowing capacity amount			$ 1,300.0
New Credit Agreement [Member]
Debt [Line Items]
Credit agreement, description of variable rate basis.			amounts outstanding under the Facilities generally bore interest, at the Company’s option, at either, (a) a base rate determined by reference to the higher of (i) Wells Fargo’s prime lending rate, (ii) the federal funds effective rate plus 1/2 of 1.00% and (iii) the one-month LIBOR rate plus 1.00% or (b) the LIBOR rate plus a specified margin, depending on the type of borrowing being made. The applicable margin was based on the Company’s consolidated ratio of total net debt to consolidated EBITDA (as defined in the Credit Agreement) from time to time. In December 2022, the Credit Agreement was amended to replace LIBOR with the secured overnight financing rate administered by the Federal Reserve Bank of New York (“SOFR”) so that borrowings under the Facilities denominated in U.S. dollars bear interest at a rate per annum equal to Term SOFR (as defined in the Credit Agreement) plus a credit spread adjustment of 0.10%, plus a margin ranging from 0.75% to 2.00% depending on the Company’s consolidated ratio of total net debt to consolidated EBITDA. The Facilities are subject to a SOFR floor of 0.00%. As of September 28, 2024, the Company’s margin was 1.00% for SOFR loans, the commitment fee rate was 0.175%, and the letter of credit fee rate was 1.00%.
Revolving Credit Facility [Member]
Debt [Line Items]
Credit facility maximum borrowing capacity amount			$ 500.0
Revolving credit facility utilized			3.7
Credit Agreement [Member] \| Revolver [Member]
Debt [Line Items]
Amortized debt issuance costs			$ 14.9
Senior Notes [Member]
Debt [Line Items]
Mature date			Oct. 15, 2029
Schaublin [Member] \| Foreign Term Loan [Member]
Debt [Line Items]
Revolving credit facility utilized			$ 5.9		SFr 5.0

Cover - shares	6 Months Ended
Cover - shares	Sep. 28, 2024	Oct. 25, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Amendment Flag	false
Document Period End Date	Sep. 28, 2024
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q2
Entity Information [Line Items]
Entity Registrant Name	RBC BEARINGS INCORPORATED
Entity Central Index Key	0001324948
Entity File Number	001-40840
Entity Tax Identification Number	95-4372080
Entity Incorporation, State or Country Code	DE
Current Fiscal Year End Date	--03-29
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Contact Personnel [Line Items]
Entity Address, Address Line One	One Tribology Center
Entity Address, City or Town	Oxford
Entity Address, State or Province	CT
Entity Address, Postal Zip Code	06478
Entity Phone Fax Numbers [Line Items]
City Area Code	(203)
Local Phone Number	267-7001
Entity Listings [Line Items]
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	RBC
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		31,409,360

Income Taxes

6 Months Ended

Sep. 28, 2024

Income Taxes [Abstract]

Income Taxes

11. Income Taxes

The Company files income tax returns in numerous U.S. and foreign jurisdictions, with returns subject to examination for varying periods, but generally back to and including the year ended March 28, 2020, although certain tax credits generated in earlier years are open under statute from March 29, 2008. The Company is no longer subject to U.S. federal tax examination by the Internal Revenue Service for years ended before March 28, 2020.

The effective income tax rates for the three-month periods ended September 28, 2024 and September 30, 2023, were 21.9% and 22.7%, respectively. In addition to discrete items, the effective income tax rates for both these periods were different from the U.S. statutory rates due to the foreign-derived intangible income provision and U.S. credit for increasing research activities, which decreased the rate, and state income taxes, foreign income taxes, and nondeductible compensation, which increased the rate.

The effective income tax rate for the three-month period ended September 28, 2024 of 21.9% included $1.1 of discrete tax benefits associated with stock-based compensation partially offset by $0.1 of other discrete tax expenses. The effective income tax rate without discrete items for the three-month period ended September 28, 2024 would have been 23.4%. The effective income tax rate for the three-month period ended September 30, 2023 of 22.7% included $0.1 of discrete tax benefits associated with stock-based compensation. The effective income tax rate without discrete items for the three-month period ended September 30, 2023 would have been 22.8%. The Company believes it is reasonably possible that some of its unrecognized tax positions may be effectively settled within the next 12 months due to the closing of audits and the statute of limitations expiring in various jurisdictions. The decrease in the Company’s unrecognized tax positions, pertaining primarily to federal and state credits and state tax, is estimated to be approximately $1.9.

The effective income tax rate for the six-month period ended September 28, 2024 was 22.6% compared to 22.3% for the six-month period ended September 30, 2023. The effective income tax rate for the six-month period ended September 28, 2024 of 22.6% included $1.7 of discrete tax benefits associated with stock-based compensation partially offset by $0.1 of other discrete tax expenses. The effective income tax rate without discrete items for the six-month period ended September 28, 2024 would have been 23.6%. The effective income tax rate for the six-month period ended September 30, 2023 of 22.3% included $0.5 of discrete tax benefits associated with stock-based compensation. The effective income tax rate without discrete items for the six-month period ended September 30, 2023 would have been 22.7%.

Global Minimum Tax

In October 2021, the Organisation for Economic Co-operation and Development (OECD) announced an Inclusive Framework on Base Erosion and Profit Shifting including Pillar Two Model Rules defining the global minimum tax, which calls for the taxation of large multinational corporations at a minimum rate of 15%. Subsequently multiple sets of administrative guidance have been issued. Many non-US tax jurisdictions have either recently enacted legislation to adopt certain components of the Pillar Two Model Rules beginning in 2024 with the adoption of additional components in later years or announced their plans to enact legislation in future years. We are continuing to evaluate the impacts of enacted legislation and pending legislation to enact Pillar Two Model Rules in the non-US tax jurisdictions in which we operate. At this time, we do not anticipate the enacted or pending legislation to have a material impact on our consolidated financial statements.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
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+ Details

Inventory

6 Months Ended

Sep. 28, 2024

Inventory [Abstract]

Inventory

7. Inventory

Inventories are stated at the lower of cost or net realizable value, using the first-in, first-out method, and are summarized below:

	September 28, 2024		March 30, 2024
Raw materials	$	145.4	$	138.1
Work in process		149.6		137.9
Finished goods		351.7		346.8
	$	646.7	$	622.8

Subsequent Events

6 Months Ended

Sep. 28, 2024

Subsequent Events [Abstract]

Subsequent Events

14. Subsequent Events

On October 15, 2024, each then-outstanding share of the MCPS converted into 0.4413 shares of the Company’s common stock. The conversion rate was based on a value for the common stock equal to the lower of (i) the average of the daily VWAPs in the 20-trading-day period through October 14, 2024 (the daily VWAP is the per share volume-weighted average price of the Common Stock on the New York Stock Exchange for a given trading day as reported by Bloomberg) or (ii) $226.63. Because the VWAP average for the 20 trading days through October 14 was $292.55, the $226.63 common stock value was utilized to produce the conversion rate of 0.4413 shares of common stock for each share of MCPS. This is known as the “Minimum Conversion Rate” in the Certificate of Designations defining the terms of the MCPS.

The dividend on the MCPS that accrued through the conversion date was paid on the conversion date to holders of record on October 1, 2024 and therefore was not factored into the conversion rate.

The Company issued 2,029,955 shares of common stock upon the conversion of the MCPS.

Because the MCPS is no longer outstanding, the Company will not pay dividends on the MCPS in the future. This will amount to a cash savings of $23.0 per year.

Consolidated Statements of Stockholders’ Equity (Unaudited) - USD ($)
$ in Millions

Common Stock

Preferred Stock

Additional Paid-in Capital

Accumulated Other Comprehensive Income/(Loss)

Retained Earnings

Treasury Stock

Total

Balance at Mar. 31, 2023

$ 0.3

$ 0.0

$ 1,589.9

$ (4.1)

$ 1,029.9

$ (80.1)

$ 2,535.9

Balance (in Shares) at Mar. 31, 2023

29,989,948

4,600,000

(966,398)

Net income

50.0

Stock-based compensation

4.9

Preferred stock dividends

(5.7)

Repurchase of common stock

$ (6.8)

(6.8)

Repurchase of common stock (in Shares)

(32,804)

Exercise of equity awards

1.0

Exercise of equity awards (in Shares)

11,772

Change in pension and post-retirement plan benefit adjustments, net of tax expense of $0.2

0.5

Issuance of restricted stock, net of forfeitures

Issuance of restricted stock, net of forfeitures (in Shares)

54,627

Change in fair value of interest rate swap, net of tax expense

4.8

Currency translation adjustments

3.1

Balance at Jul. 01, 2023

$ 0.3

$ 0.0

1,595.8

4.3

1,074.2

$ (86.9)

2,587.7

Balance (in Shares) at Jul. 01, 2023

30,056,347

4,600,000

(999,202)

Balance at Mar. 31, 2023

$ 0.3

$ 0.0

1,589.9

(4.1)

1,029.9

$ (80.1)

2,535.9

Balance (in Shares) at Mar. 31, 2023

29,989,948

4,600,000

(966,398)

Net income

101.7

Change in fair value of interest rate swap, net of tax benefit of $0.5

^[1]

5.3

Change in fair value of cross currency swap, net of tax benefit of $0.6

^[2]

Balance at Sep. 30, 2023

$ 0.3

$ 0.0

1,601.1

(0.2)

1,120.1

$ (87.1)

2,634.2

Balance (in Shares) at Sep. 30, 2023

30,084,245

4,600,000

(999,938)

Balance at Jul. 01, 2023

$ 0.3

$ 0.0

1,595.8

4.3

1,074.2

$ (86.9)

2,587.7

Balance (in Shares) at Jul. 01, 2023

30,056,347

4,600,000

(999,202)

Net income

51.7

Stock-based compensation

3.3

Preferred stock dividends

(5.8)

Repurchase of common stock

$ (0.2)

(0.2)

Repurchase of common stock (in Shares)

(736)

Exercise of equity awards

2.0

Exercise of equity awards (in Shares)

14,013

Change in pension and post-retirement plan benefit adjustments, net of tax benefit

0.0

Issuance of restricted stock, net of forfeitures

Issuance of restricted stock, net of forfeitures (in Shares)

13,885

Change in fair value of interest rate swap, net of tax expense

0.5

Change in fair value of interest rate swap, net of tax benefit of $0.5

^[1]

0.5

Change in fair value of cross currency swap, net of tax benefit of $0.6

^[2]

Currency translation adjustments

(5.0)

Balance at Sep. 30, 2023

$ 0.3

$ 0.0

1,601.1

(0.2)

1,120.1

$ (87.1)

2,634.2

Balance (in Shares) at Sep. 30, 2023

30,084,245

4,600,000

(999,938)

Balance at Mar. 30, 2024

$ 0.3

$ 0.0

1,625.2

0.7

1,216.8

$ (91.1)

2,751.9

Balance (in Shares) at Mar. 30, 2024

30,227,444

4,600,000

(1,015,053)

Net income

61.4

Stock-based compensation

4.2

Preferred stock dividends

(5.7)

Repurchase of common stock

$ (8.0)

(8.0)

Repurchase of common stock (in Shares)

(27,208)

Exercise of equity awards

1.2

Exercise of equity awards (in Shares)

8,642

Change in pension and post-retirement plan benefit adjustments, net of tax benefit

0.0

Issuance of restricted stock, net of forfeitures

Issuance of restricted stock, net of forfeitures (in Shares)

27,399

Change in fair value of interest rate swap, net of tax benefit of $0.0

(0.1)

Currency translation adjustments

(1.0)

Balance at Jun. 29, 2024

$ 0.3

$ 0.0

1,630.6

(0.4)

1,272.5

$ (99.1)

2,803.9

Balance (in Shares) at Jun. 29, 2024

30,263,485

4,600,000

(1,042,261)

Balance at Mar. 30, 2024

$ 0.3

$ 0.0

1,625.2

0.7

1,216.8

$ (91.1)

2,751.9

Balance (in Shares) at Mar. 30, 2024

30,227,444

4,600,000

(1,015,053)

Net income

115.6

Change in fair value of interest rate swap, net of tax benefit of $0.5

^[1]

(1.9)

Change in fair value of cross currency swap, net of tax benefit of $0.6

^[2]

(2.1)

Balance at Sep. 28, 2024

$ 0.3

$ 0.0

1,658.6

2.9

1,321.0

$ (99.5)

2,883.3

Balance (in Shares) at Sep. 28, 2024

30,411,361

4,598,500

(1,043,730)

Balance at Jun. 29, 2024

$ 0.3

$ 0.0

1,630.6

(0.4)

1,272.5

$ (99.1)

2,803.9

Balance (in Shares) at Jun. 29, 2024

30,263,485

4,600,000

(1,042,261)

Net income

54.2

Stock-based compensation

4.0

Preferred stock dividends

(5.7)

Repurchase of common stock

$ (0.4)

(0.4)

Repurchase of common stock (in Shares)

(1,469)

Early conversion of mandatory convertible preferred stock to common stock

Early conversion of mandatory convertible preferred stock to common stock (in Shares)

661

(1,500)

Exercise of equity awards

24.0

Exercise of equity awards (in Shares)

147,484

Change in pension and post-retirement plan benefit adjustments, net of tax benefit

0.6

Issuance of restricted stock, net of forfeitures

Issuance of restricted stock, net of forfeitures (in Shares)

(269)

Change in fair value of interest rate swap, net of tax benefit of $0.5

(1.8)

^[1]

Change in fair value of cross currency swap, net of tax benefit of $0.6

(2.1)

^[2]

Currency translation adjustments

6.6

Balance at Sep. 28, 2024

$ 0.3

$ 0.0

$ 1,658.6

$ 2.9

$ 1,321.0

$ (99.5)

$ 2,883.3

Balance (in Shares) at Sep. 28, 2024

30,411,361

4,598,500

(1,043,730)

[1]	These adjustments were net of tax benefit of $0.5 and net of tax expense of $0.1 for the three-month periods ended September 28, 2024, and September 30, 2023, respectively and net of tax benefit of $0.5 and net of tax expense of $1.5 for the six-month periods ended September 28, 2024, and September 30, 2023, respectively.
[2]	These adjustments were net of tax benefit of $0.6 for the three- and six-month periods ended September 28, 2024.

Accrued Expenses and Other Current Liabilities (Details) - Schedule of Accrued Expenses and Other Current Liabilities - USD ($) $ in Millions	Sep. 28, 2024	Mar. 30, 2024
Schedule of Accrued Expenses and Other Current Liabilities [Abstract]
Employee compensation and related benefits	$ 41.8	$ 35.7
Taxes	8.3	23.1
Contract liabilities	25.1	22.5
Accrued rebates	36.7	38.0
Current finance lease liabilities	5.9	5.7
Accrued preferred stock dividends	4.7	4.8
Interest	13.5	10.4
Returns and warranties	9.4	9.2
Other	11.3	17.9
Accrued expenses and other current liabilities	$ 156.7	$ 167.3

Goodwill and Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Goodwill and Intangible Assets [Abstract]
Amortization expense	$ 17.9	$ 17.6	$ 35.7	$ 35.1

Revenue from Contracts with Customers (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023	Mar. 30, 2024
Revenue from Contracts with Customers [Line Items]
Remaining performance obligations	$ 487.3		$ 487.3
Contract assets	8.2		8.2		$ 6.9
Contract current liabilities	25.1		25.1		22.5
Recognized revenues	5.9	$ 4.7	11.6	$ 9.3
Noncurrent contract liabilities	13.1		13.1		19.9
Accrued rebates	$ 36.7		$ 36.7		$ 38.0
Transferred over Time [Member]
Revenue from Contracts with Customers [Line Items]
Revenue from remaining performance obligation percentage over twelve months	64.00%		64.00%
Revenue from remaining performance obligation percentage over twenty-four months	90.00%		90.00%

Debt (Tables)

6 Months Ended

Sep. 28, 2024

Debt [Abstract]

Schedule of Balances Payable Under All Borrowing Facilities

The balances payable under all our borrowing arrangements are as follows:

	September 28, 2024			March 30, 2024
Revolver and term loan facilities	$	600.0		$	695.2
Senior notes		500.0			500.0
Debt issuance costs		(9.7	)		(10.7	)
Other		11.2			7.4
Total debt		1,101.5			1,191.9
Less: current portion		1.8			3.8
Long-term debt	$	1,099.7		$	1,188.1

Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 28, 2024	Mar. 30, 2024
Current assets:
Cash and cash equivalents	$ 89.1	$ 63.5
Accounts receivable, net of allowances of $4.1 as of September 28, 2024 and $4.4 as of March 30, 2024	255.4	255.2
Inventory	646.7	622.8
Prepaid expenses and other current assets	31.0	24.0
Total current assets	1,022.2	965.5
Property, plant and equipment, net	362.5	361.0
Operating lease assets, net	47.9	41.4
Goodwill	1,875.9	1,874.9
Intangible assets, net	1,359.5	1,391.9
Other noncurrent assets	44.8	43.9
Total assets	4,712.8	4,678.6
Current liabilities:
Accounts payable	127.4	116.2
Accrued expenses and other current liabilities	156.7	167.3
Current operating lease liabilities	8.0	7.0
Current portion of long-term debt	1.8	3.8
Total current liabilities	293.9	294.3
Long-term debt, less current portion	1,099.7	1,188.1
Noncurrent operating lease liabilities	40.5	35.3
Deferred income taxes	274.3	284.2
Other noncurrent liabilities	121.1	124.8
Total liabilities	1,829.5	1,926.7
Stockholders’ equity:
Preferred stock, $.01 par value; authorized shares: 10,000,000 as of September 28, 2024 and March 30, 2024, respectively; issued shares and outstanding: 4,598,500 and 4,600,000 as of September 28, 2024 and March 30, 2024, respectively	0.0	0.0
Common stock, $.01 par value; authorized shares: 60,000,000 at September 28, 2024 and March 30, 2024, respectively; issued shares and outstanding: 30,411,361 and 30,227,444 as of September 28, 2024 and March 30, 2024, respectively	0.3	0.3
Additional paid-in capital	1,658.6	1,625.2
Accumulated other comprehensive income	2.9	0.7
Retained earnings	1,321.0	1,216.8
Treasury stock, at cost; 1,043,730 shares and 1,015,053 shares as of September 28, 2024 and March 30, 2024, respectively	(99.5)	(91.1)
Total stockholders’ equity	2,883.3	2,751.9
Total liabilities and stockholders’ equity	$ 4,712.8	$ 4,678.6

Fair Value (Details) - USD ($) $ in Millions	Sep. 28, 2024	Mar. 30, 2024
Fair Value [Line Items]
Long-term fixed-rate debt, based on quoted market prices	$ 480.7	$ 456.8
Carrying value of debt amount	494.6	494.2
AOCI of interest rate swap, net of taxes	(0.8)	1.6
Fair value of the cross currency included in other non current assets	44.8	$ 43.9
Level 2 Inputs [Member]
Fair Value [Line Items]
Fair value of the cross currency included in other non current assets	$ 2.8

Revenue from Contracts with Customers (Details) - Schedule of Disaggregates Total Revenue by Geographic Origin - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Schedule of Disaggregates Total Revenue by Geographic Origin [Line Items]
Net sales	$ 397.9	$ 385.6	$ 804.2	$ 772.7
United States [Member]
Schedule of Disaggregates Total Revenue by Geographic Origin [Line Items]
Net sales	352.4	342.0	712.5	683.3
International [Member]
Schedule of Disaggregates Total Revenue by Geographic Origin [Line Items]
Net sales	$ 45.5	$ 43.6	$ 91.7	$ 89.4

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

+ References

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+ Details

Goodwill and Intangible Assets (Details) - Schedule of Goodwill Balances, by Segment $ in Millions	6 Months Ended
	Sep. 28, 2024 USD ($)
Schedule of Goodwill Balances, by Segment [Line Items]
March 30, 2024	$ 1,874.9
Currency translation adjustments	1.0
September 28, 2024	1,875.9
Aerospace/ Defense [Member]
Schedule of Goodwill Balances, by Segment [Line Items]
March 30, 2024	199.2
Currency translation adjustments
September 28, 2024	199.2
Industrial [Member]
Schedule of Goodwill Balances, by Segment [Line Items]
March 30, 2024	1,675.7
Currency translation adjustments	1.0
September 28, 2024	$ 1,676.7

- Definition

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+ Details

Accumulated Other Comprehensive Income

6 Months Ended

Sep. 28, 2024

Accumulated Other Comprehensive Income [Abstract]

Accumulated Other Comprehensive Income

4. Accumulated Other Comprehensive Income

The components of comprehensive income that relate to the Company are net income, foreign currency translation adjustments, changes in fair value of derivatives, and pension plan and postretirement benefits.

The following summarizes the activity within each component of accumulated other comprehensive income, net of taxes:

	Currency Translation			Change in Fair Value of Interest Rate Swap			Change in Fair Value of Cross Currency Swap			Pension and Postretirement Liability		Total
Balance at March 30, 2024	$	(3.6	)	$	1.2		$	—		$	3.1	$	0.7
Reclassification to net income		—			1.7			0.3			—		2.0
Change in pension and postretirement liability		—			—			—			0.6		0.6
Net gain on foreign currency translation		5.6			—			—			—		5.6
Loss on interest rate swap, net of taxes		—			(3.6	)		—			—		(3.6	)
Loss on cross currency swap, net of taxes		—			—			(2.4	)		—		(2.4	)
Net current period other comprehensive income		5.6			(1.9	)		(2.1	)		0.6		2.2
Balance at September 28, 2024	$	2.0		$	(0.7	)	$	(2.1	)	$	3.7	$	2.9

Income Taxes (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		6 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Oct. 31, 2021	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2023
Income Taxes [Line Items]
Effective income tax rates		21.90%	22.70%	22.60%	22.30%	22.30%
Effective income tax rate with stock based compensation (in Dollars)		$ 1.1	$ 0.1	$ 1.7	$ 0.5
Discrete tax benefits (in Dollars)		$ 0.1		$ 0.1
Effective income tax rate without discrete		23.40%	22.80%	23.60%	22.70%
Decrease in unrecognized tax positions, pertaining primarily to federal and state credits and state tax (in Dollars)		$ 1.9		$ 1.9
Taxation of large multinational corporations minimum rate	15.00%
Foreign Tax Jurisdiction [Member]
Income Taxes [Line Items]
Returns subject to examination				periods, but generally back to and including the year ended March 28, 2020, although certain tax credits generated in earlier years are open under statute from March 29, 2008
US Federal And State [Member]
Income Taxes [Line Items]
Effective income tax rates		21.90%	22.70%
Stock-Based Compensation [Member]
Income Taxes [Line Items]
Effective income tax rates				22.60%

Accounting Policies, by Policy (Policies)	6 Months Ended
Accounting Policies, by Policy (Policies)	Sep. 28, 2024
Significant Accounting Policies [Abstract]
Recent Accounting Standards Adopted	Recent Accounting Standards Adopted Not Applicable.
Recent Accounting Standards Yet to Be Adopted	Recent Accounting Standards Yet to Be Adopted In November 2023, Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The amendments in ASU 2023-07 improve the disclosures about a public entity’s reportable segments and address requests from investors for additional, more detailed information about a reportable segment’s expenses. ASU 2023-07 is effective for annual reporting periods beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. As of September 28, 2024, the Company is evaluating the impact the standard will have on its consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The amendments in ASU 2023-09 address investor requests for more transparency about income tax information through improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information. ASU 2023-09 is effective for annual reporting periods beginning after December 15, 2024. As of September 28, 2024, the Company is evaluating the impact the standard will have on its consolidated financial statements.

Revenue from Contracts with Customers (Details) - Schedule of Percentage Revenue Recognized for Performance Obligations Satisfied Over Time Versus the Amount of Revenue Recognized	3 Months Ended		6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Schedule of Percentage Revenue Recognized for Performance Obligations Satisfied Over Time Versus the Amount of Revenue Recognized [Line Items]
Percentage of Point-in-time	98.00%	98.00%	97.00%	98.00%
Percentage of Over time	2.00%	2.00%	3.00%	2.00%
Percentage of revenue	100.00%	100.00%	100.00%	100.00%

Accumulated Other Comprehensive Income (Details) - Schedule of Accumulated Other Comprehensive Income, Net of Taxes $ in Millions	6 Months Ended
	Sep. 28, 2024 USD ($)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at March 30, 2024	$ 0.7
Reclassification to net income	2.0
Change in pension and postretirement liability	0.6
Net gain on foreign currency translation	5.6
Loss on interest rate swap, net of taxes	(3.6)
Loss on cross currency swap, net of taxes	(2.4)
Net current period other comprehensive income	2.2
Balance at September 28, 2024	2.9
Currency Translation [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at March 30, 2024	(3.6)
Reclassification to net income
Change in pension and postretirement liability
Net gain on foreign currency translation	5.6
Loss on interest rate swap, net of taxes
Loss on cross currency swap, net of taxes
Net current period other comprehensive income	5.6
Balance at September 28, 2024	2.0
Change in Fair Value of Interest Rate Swap [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at March 30, 2024	1.2
Reclassification to net income	1.7
Change in pension and postretirement liability
Loss on interest rate swap, net of taxes	(3.6)
Net current period other comprehensive income	(1.9)
Balance at September 28, 2024	(0.7)
Change in Fair Value of Cross Currency Swap [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at March 30, 2024
Reclassification to net income	0.3
Change in pension and postretirement liability
Net gain on foreign currency translation
Loss on interest rate swap, net of taxes
Loss on cross currency swap, net of taxes	(2.4)
Net current period other comprehensive income	(2.1)
Balance at September 28, 2024	(2.1)
Pension and Postretirement Liability [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at March 30, 2024	3.1
Reclassification to net income
Change in pension and postretirement liability	0.6
Net gain on foreign currency translation
Loss on interest rate swap, net of taxes
Loss on cross currency swap, net of taxes
Net current period other comprehensive income	0.6
Balance at September 28, 2024	$ 3.7

Consolidated Statements of Stockholders’ Equity (Unaudited) (Parentheticals) - USD ($) $ in Millions	3 Months Ended
	Sep. 28, 2024	Jun. 29, 2024	Sep. 30, 2023	Jul. 01, 2023
Statement of Stockholders' Equity [Abstract]
Change in pension and post-retirement plan benefit adjustments, net of taxes	$ 0.1	$ 0.0	$ 0.0	$ 0.2
Change in fair value of interest rate swap, net of taxes	0.5	$ 0.0	$ 0.1	$ 1.4
Change in fair value of Cross Currency Swap, net of tax benefit	$ 0.6

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Sep. 28, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Debt

6 Months Ended

Sep. 28, 2024

Debt [Abstract]

Debt

10. Debt

Domestic Credit Facility

In fiscal 2022, RBC Bearings Incorporated, our top holding company, and our Roller Bearing Company of America, Inc. subsidiary (“RBCA”) entered into a Credit Agreement (the “Credit Agreement”) with Wells Fargo Bank, National Association (“Wells Fargo”), as Administrative Agent, Collateral Agent, Swingline Lender and Letter of Credit Issuer, and the other lenders party thereto. The Credit Agreement provides the Company with (a) a $1,300.0 term loan (the “Term Loan”), which was used to fund a portion of the cash purchase price for the acquisition of Dodge Industrial, Inc. (“Dodge”) and to pay related fees and expenses, and (b) a $500.0 revolving credit facility (the “Revolving Credit Facility” and together with the Term Loan, the “Facilities”). Debt issuance costs associated with the Credit Agreement totaled $14.9 and are being amortized over the life of the Credit Agreement.

Initially, amounts outstanding under the Facilities generally bore interest, at the Company’s option, at either, (a) a base rate determined by reference to the higher of (i) Wells Fargo’s prime lending rate, (ii) the federal funds effective rate plus 1/2 of 1.00% and (iii) the one-month LIBOR rate plus 1.00% or (b) the LIBOR rate plus a specified margin, depending on the type of borrowing being made. The applicable margin was based on the Company’s consolidated ratio of total net debt to consolidated EBITDA (as defined in the Credit Agreement) from time to time. In December 2022, the Credit Agreement was amended to replace LIBOR with the secured overnight financing rate administered by the Federal Reserve Bank of New York (“SOFR”) so that borrowings under the Facilities denominated in U.S. dollars bear interest at a rate per annum equal to Term SOFR (as defined in the Credit Agreement) plus a credit spread adjustment of 0.10%, plus a margin ranging from 0.75% to 2.00% depending on the Company’s consolidated ratio of total net debt to consolidated EBITDA. The Facilities are subject to a SOFR floor of 0.00%. As of September 28, 2024, the Company’s margin was 1.00% for SOFR loans, the commitment fee rate was 0.175%, and the letter of credit fee rate was 1.00%. A portion of the Term Loan is subject to a fixed-rate interest swap as discussed in Note 13.

The Term Loan matures in November 2026 and amortizes in quarterly installments with the balance payable on the maturity date. The Company can elect to prepay some or all of the outstanding balance from time to time without penalty, which will offset future quarterly amortization installments. Due to prepayments previously made, the required future principal payments on the Term Loan are $0 for fiscal 2025, $0 for fiscal 2026, and $600.0 for fiscal 2027. The Revolving Credit Facility expires in November 2026, at which time all amounts outstanding under the Revolving Credit Facility will be payable.

The Credit Agreement requires the Company to comply with various covenants, including the following financial covenants: (a) a maximum Total Net Leverage Ratio (as defined in the Credit Agreement) of 5.00:1.00, which maximum Total Net Leverage Ratio shall decrease during certain subsequent test periods as set forth in the Credit Agreement (provided that, no more than once during the term of the Facilities, such maximum ratio applicable at such time may be increased by the Company by 0.50:1.00 for a period of 12 months after the consummation of a material acquisition); and (b) a minimum Interest Coverage Ratio of 2.00:1.00. As of September 28, 2024 the Company was in compliance with all debt covenants.

The Credit Agreement allows the Company to, among other things, make distributions to stockholders, repurchase its stock, incur other debt or liens, or acquire or dispose of assets provided that the Company complies with certain requirements and limitations of the Credit Agreement.

The Company’s domestic subsidiaries have guaranteed the Company’s obligations under the Credit Agreement, and the Company’s obligations and the domestic subsidiaries’ guaranty are secured by a pledge of substantially all of the assets of the Company and its domestic subsidiaries.

As of September 28, 2024, $600.0 was outstanding under the Term Loan and $3.7 of the Revolving Credit Facility was being utilized to provide letters of credit to secure the Company’s obligations relating to certain insurance programs. The Company had the ability to borrow an additional $496.3 under the Revolving Credit Facility as of September 28, 2024. On September 30, 2024, the Company paid $32.0 on the Term Loan.

Senior Notes

In fiscal 2022, RBCA issued $500.0 aggregate principal amount of 4.375% Senior Notes due 2029 (the “Senior Notes”). The net proceeds from the issuance of the Senior Notes were approximately $492.0, after deducting initial purchasers’ discounts and commissions and offering expenses, and were used to fund a portion of the purchase price for the acquisition of Dodge.

The Senior Notes were issued pursuant to an indenture with Wilmington Trust, National Association, as trustee (the “Indenture”). The Indenture contains covenants limiting the ability of the Company to (i) incur additional indebtedness or guarantee indebtedness, (ii) declare or pay dividends, redeem stock or make other distributions to stockholders, (iii) make investments, (iv) create liens or use assets as security in other transactions, (v) merge or consolidate, or sell, transfer, lease or dispose of substantially all of its assets, (vi) enter into transactions with affiliates, and (vii) sell or transfer certain assets. These covenants contain various exceptions, limitations and qualifications. At any time that the Senior Notes are rated investment grade, certain of these covenants will be suspended.

The Senior Notes are guaranteed jointly and severally on a senior unsecured basis by RBC Bearings and RBCA’s domestic subsidiaries that also guarantee the Credit Agreement.

Interest on the Senior Notes accrues at a rate of 4.375% and is payable semi–annually in cash in arrears on April 15 and October 15 of each year.

The Senior Notes will mature on October 15, 2029. The Company may redeem some or all of the Senior Notes at any time on or after October 15, 2024 at the redemption prices set forth in the Indenture, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. If the Company sells certain of its assets or experiences specific kinds of changes in control, the Company must offer to purchase the Senior Notes.

Foreign Borrowing Arrangements

One of our foreign subsidiaries, Schaublin SA, has a CHF 5.0 (approximately $5.9 USD) credit line (the “Foreign Credit Line”) with Credit Suisse (Switzerland) Ltd. to provide future working capital, if necessary. As of September 28, 2024, $0.1 was being utilized to provide a bank guarantee and no outstandings amounts were open. Fees associated with the Foreign Credit Line are nominal.

In July 2024, Swiss Tool Systems, one of our foreign subsidiaries, purchased the building where it operates for CHF 7.1 (approximately $8.4 USD) and took out a 10-year fixed-rate mortgage on the building for CHF 4.0 (approximately $4.5 USD).

The balances payable under all our borrowing arrangements are as follows:

	September 28, 2024			March 30, 2024
Revolver and term loan facilities	$	600.0		$	695.2
Senior notes		500.0			500.0
Debt issuance costs		(9.7	)		(10.7	)
Other		11.2			7.4
Total debt		1,101.5			1,191.9
Less: current portion		1.8			3.8
Long-term debt	$	1,099.7		$	1,188.1

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

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+ Details

Net Income Per Share Attributable to Common Stockholders (Tables)

6 Months Ended

Sep. 28, 2024

Net income Per-share Attributable to Common Stockholders [Abstract]

Schedule of Basic and Diluted Net Income Per-Share

	Three Months Ended				Six Months Ended
	September 28, 2024		September 30, 2023		September 28, 2024		September 30, 2023
Net income	$	54.2	$	51.7	$	115.6	$	101.7
Preferred stock dividends		5.7		5.8		11.4		11.5
Net income attributable to common stockholders	$	48.5	$	45.9	$	104.2	$	90.2

Denominator for basic net income per share attributable to common stockholders — weighted-average shares outstanding		29,124,564		28,885,411		29,089,692		28,866,142
Effect of dilution due to employee stock awards		211,902		253,185		226,801		260,528
Denominator for diluted net income per share attributable to common stockholders — weighted-average shares outstanding		29,336,466		29,138,596		29,316,493		29,126,670

Basic net income per share attributable to common stockholders	$	1.67	$	1.59	$	3.58	$	3.13

Diluted net income per share attributable to common stockholders	$	1.65	$	1.58	$	3.55	$	3.10

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Sep. 28, 2024

Sep. 30, 2023

Sep. 28, 2024

Sep. 30, 2023

Statement of Comprehensive Income [Abstract]

Net income

$ 54.2

$ 51.7

$ 115.6

$ 101.7

Pension and postretirement liability adjustments, net of taxes

^[1]

0.6

0.0

0.6

0.5

Change in fair value of interest rate swap

^[2]

(1.8)

0.5

(1.9)

5.3

Change in fair value of cross currency swap

^[3]

(2.1)

Foreign currency translation adjustments

6.6

(5.0)

5.6

(1.9)

Total comprehensive income

$ 57.5

$ 47.2

$ 117.8

$ 105.6

[1]	These adjustments were net of tax expense of $0.1 and tax benefit of $0.0 for the three-month periods ended September 28, 2024, and September 30, 2023, respectively and net of tax expense of $0.1 and $0.2 for the six-month periods ended September 28, 2024, and September 30, 2023, respectively.
[2]	These adjustments were net of tax benefit of $0.5 and net of tax expense of $0.1 for the three-month periods ended September 28, 2024, and September 30, 2023, respectively and net of tax benefit of $0.5 and net of tax expense of $1.5 for the six-month periods ended September 28, 2024, and September 30, 2023, respectively.
[3]	These adjustments were net of tax benefit of $0.6 for the three- and six-month periods ended September 28, 2024.

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Basis of Presentation

6 Months Ended

Sep. 28, 2024

Basis of Presentation [Abstract]

Basis of Presentation

1. Basis of Presentation

The interim consolidated financial statements included herein have been prepared by RBC Bearings Incorporated, a Delaware corporation (collectively with its subsidiaries, the “Company”), without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (SEC). The interim financial statements included with this report have been prepared on a consistent basis with the Company’s audited financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended March 30, 2024 (our “Annual Report”). We condensed or omitted certain information and footnote disclosures normally included in our annual audited financial statements, which we prepared in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”). As used in this report, the terms “we,” “us,” “our,” “RBC” and the “Company” mean RBC Bearings Incorporated and its subsidiaries, unless the context indicates another meaning.

These financial statements reflect all adjustments, accruals, and estimates, consisting only of items of a normal recurring nature, that are, in the opinion of management, necessary for the fair presentation of the consolidated financial condition and consolidated results of operations for the interim periods presented. These financial statements should be read in conjunction with the Company’s audited financial statements and notes thereto included in our Annual Report.

The results of operations for the three- and six-month periods ended September 28, 2024 are not necessarily indicative of the operating results for the entire fiscal year ending March 29, 2025. The three-month periods ended September 28, 2024 and September 30, 2023 each included 13 weeks. The six-month periods ended September 28, 2024 and September 30, 2023 each included 26 weeks. All dollar amounts contained in these financial statements and footnotes are stated in millions, except for per share data.

Goodwill and Intangible Assets

6 Months Ended

Sep. 28, 2024

Goodwill and Intangible Assets [Abstract]

Goodwill and Intangible Assets

8. Goodwill and Intangible Assets

Goodwill

Goodwill balances, by segment, consist of the following:

	Aerospace/ Defense		Industrial		Total
March 30, 2024	$	199.2	$	1,675.7	$	1,874.9
Currency translation adjustments		—		1.0		1.0
September 28, 2024	$	199.2	$	1,676.7	$	1,875.9

Intangible Assets

	Weighted	September 28, 2024				March 30, 2024
	Average Useful Lives (Years)	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Product approvals	24	$	50.7	$	21.2	$	50.7	$	20.3
Customer relationships and lists	24		1,301.7		188.2		1,300.7		160.7
Trade names	25		217.2		37.2		217.2		32.5
Patents and trademarks	15		10.9		6.8		10.8		6.5
Domain names	10		0.4		0.4		0.4		0.4
Internal-use software	3		19.2		11.4		16.7		8.8
Other	5		1.6		1.3		1.6		1.3
			1,601.7		266.5		1,598.1		230.5
Non-amortizable repair station certifications	n/a		24.3		—		24.3		—
Total	24	$	1,626.0	$	266.5	$	1,622.4	$	230.5

Amortization expense for definite-lived intangible assets during the three-month periods ended September 28, 2024 and September 30, 2023 was $17.9 and $17.6, respectively. Amortization expense for definite-lived intangible assets during the six-month periods ended September 28, 2024 and September 30, 2023 was $35.7 and $35.1, respectively. These amounts are included in other, net on the Company’s consolidated statements of operations. Estimated amortization expense for the remainder of fiscal 2025 and for the five succeeding fiscal years and thereafter is as follows:

Remainder of Fiscal 2025	$	36.3
Fiscal 2026		69.5
Fiscal 2027		64.8
Fiscal 2028		64.8
Fiscal 2029		64.7
Fiscal 2030		64.7
Fiscal 2031 and thereafter		970.4

Significant Accounting Policies

6 Months Ended

Sep. 28, 2024

Significant Accounting Policies [Abstract]

Significant Accounting Policies

2. Significant Accounting Policies

The Company’s significant accounting policies are detailed in “Note 2 - Summary of Significant Accounting Policies” of our Annual Report.

Significant changes to our accounting policies as a result of adopting new accounting standards are discussed below.

Recent Accounting Standards Adopted

Not Applicable.

Recent Accounting Standards Yet to Be Adopted

In November 2023, Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The amendments in ASU 2023-07 improve the disclosures about a public entity’s reportable segments and address requests from investors for additional, more detailed information about a reportable segment’s expenses. ASU 2023-07 is effective for annual reporting periods beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. As of September 28, 2024, the Company is evaluating the impact the standard will have on its consolidated financial statements.

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The amendments in ASU 2023-09 address investor requests for more transparency about income tax information through improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information. ASU 2023-09 is effective for annual reporting periods beginning after December 15, 2024. As of September 28, 2024, the Company is evaluating the impact the standard will have on its consolidated financial statements.