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Earnings per share | 12 Months Ended
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Mar. 31, 2012
Earnings per share [Abstract] |
Earnings per share | Note 7: Earnings per share The computational components of basic and diluted earnings per share are summarized below:
Years Ended March 31 |  | 2012 |  |  | 2011 |  |  | 2010 |
Basic: |  |  |  |  |  |  |  |  |
Earnings (loss) from continuing operations |  | $ | 37,980 |  |  | $ | 8,280 |  |  | $ | (22,845 | )
Less: Net earnings attributable to noncontrolling interest |  |  | (343 | ) |  |  | - |  |  |  | - |
Earnings (loss) from continuing operations attributable to Modine |  |  | 37,637 |  |  |  | 8,280 |  |  |  | (22,845 | )
Less: Undistributed earnings attributable to unvested shares |  |  | (153 | ) |  |  | (36 | ) |  |  | - |
Net earnings (loss) from continuing operations available to Modine common shareholders |  |  | 37,484 |  |  |  | 8,244 |  |  |  | (22,845 | )
Net earnings (loss) from discontinued operations |  |  | 824 |  |  |  | (3,047 | ) |  |  | (8,981 | )
Less: Undistributed earnings attributable to unvested shares |  |  | (3 | ) |  |  | - |  |  |  | - |
Net earnings (loss) from discontinued operations available to Modine common shareholders |  |  | 821 |  |  |  | (3,047 | ) |  |  | (8,981 | )
Net earnings (loss) available to Modine common shareholders |  | $ | 38,305 |  |  | $ | 5,197 |  |  | $ | (31,826 | )
Basic Earnings Per Share: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares outstanding - basic |  |  | 46,477 |  |  |  | 46,167 |  |  |  | 39,298 |
Earnings (loss) from continuing operations per common share |  | $ | 0.81 |  |  | $ | 0.18 |  |  | $ | (0.58 | )
Net earnings (loss) from discontinued operations per common share |  |  | 0.02 |  |  |  | (0.07 | ) |  |  | (0.23 | )
Net earnings (loss) per common share - basic |  | $ | 0.83 |  |  | $ | 0.11 |  |  | $ | (0.81 | )
Diluted: |  |  |  |  |  |  |  |  |  |  |  |
Earnings (loss) from continuing operations |  | $ | 37,980 |  |  | $ | 8,280 |  |  | $ | (22,845 | )
Less: Net earnings attributable to noncontrolling interest |  |  | (343 | ) |  |  | - |  |  |  | - |
Earnings (loss) from continuing operations attributable to Modine |  |  | 37,637 |  |  |  | 8,280 |  |  |  | (22,845 | )
Less: Undistributed earnings attributable to unvested shares |  |  | (106 | ) |  |  | (19 | ) |  |  | - |
Net earnings (loss) from continuing operations available to Modine common shareholders |  |  | 37,531 |  |  |  | 8,261 |  |  |  | (22,845 | )
Net earnings (loss) from discontinued operations |  |  | 824 |  |  |  | (3,047 | ) |  |  | (8,981 | )
Less: Undistributed earnings attributable to unvested shares |  |  | (2 | ) |  |  | - |  |  |  | - |
Net earnings (loss) from discontinued operations available to Modine common shareholders |  |  | 822 |  |  |  | (3,047 | ) |  |  | (8,981 | )
Net earnings (loss) available to Modine common shareholders |  | $ | 38,353 |  |  | $ | 5,214 |  |  | $ | (31,826 | )
Diluted Earnings Per Share: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares outstanding - basic |  |  | 46,477 |  |  |  | 46,167 |  |  |  | 39,298 |
Effect of dilutive securities |  |  | 404 |  |  |  | 562 |  |  |  | - |
Weighted average shares outstanding - diluted |  |  | 46,881 |  |  |  | 46,729 |  |  |  | 39,298 |
Earnings (loss) from continuing operations per common share |  | $ | 0.80 |  |  | $ | 0.18 |  |  | $ | (0.58 | )
Net earnings (loss) from discontinued operations per common share |  |  | 0.02 |  |  |  | (0.07 | ) |  |  | (0.23 | )
Net earnings (loss) per common share - diluted |  | $ | 0.82 |  |  | $ | 0.11 |  |  | $ | (0.81 | )
For the years ended March 31, 2012, 2011 and 2010, the calculation of diluted earnings per share excludes 1,112, 1,493 and 2,094 stock options, respectively, and 416, 177 and 106 restricted stock awards, respectively, as these shares were anti-dilutive.

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