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Quarterly financial data (unaudited) | 12 Months Ended
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Mar. 31, 2012
Quarterly financial data (unaudited) [Abstract] |
Quarterly financial data (unaudited) | Note 26: Quarterly financial data (unaudited) Quarterly financial data is summarized below for the fiscal years ended March 31, 2012 and 2011:
Fiscal 2012 quarters ended |  | June |  |  | Sept. |  |  | Dec. |  |  | March |
Net sales |  | $ | 417,863 |  |  | $ | 397,290 |  |  | $ | 373,282 |  |  | $ | 388,717 |
Gross profit (a) |  |  | 69,802 |  |  |  | 62,374 |  |  |  | 60,083 |  |  |  | 64,311 |
Earnings from continuing operations (b) |  |  | 12,566 |  |  |  | 1,000 |  |  |  | 8,768 |  |  |  | 15,646 |
Net earnings attributable to Modine (b) |  |  | 12,575 |  |  |  | 1,335 |  |  |  | 9,022 |  |  |  | 15,529 |
Earnings from continuing operations per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.27 |  |  | $ | 0.02 |  |  | $ | 0.18 |  |  | $ | 0.33 |
Diluted (c) |  |  | 0.27 |  |  |  | 0.02 |  |  |  | 0.18 |  |  |  | 0.33 |
Net earnings attributable to Modine per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.27 |  |  | $ | 0.03 |  |  | $ | 0.19 |  |  | $ | 0.33 |
Diluted (c) |  |  | 0.27 |  |  |  | 0.03 |  |  |  | 0.19 |  |  |  | 0.33 |
Fiscal 2011 quarters ended |  | June |  |  | Sept. |  |  | Dec. |  |  | March |
Net sales |  | $ | 345,532 |  |  | $ | 345,902 |  |  | $ | 360,043 |  |  | $ | 396,758 |
Gross profit (a) |  |  | 59,179 |  |  |  | 55,990 |  |  |  | 56,771 |  |  |  | 60,316 |
Earnings (loss) from continuing operations (b) (d) |  |  | 4,737 |  |  |  | (13,880 | ) |  |  | 5,449 |  |  |  | 11,974 |
Net earnings (loss) attributable to Modine (b) |  |  | 4,699 |  |  |  | (16,850 | ) |  |  | 5,415 |  |  |  | 11,969 |
Earnings (loss) from continuing operations per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.10 |  |  | $ | (0.31 | ) |  | $ | 0.12 |  |  | $ | 0.26 |
Diluted (c) |  |  | 0.10 |  |  |  | (0.31 | ) |  |  | 0.12 |  |  |  | 0.25 |
Net earnings (loss) attributable to Modine per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.10 |  |  | $ | (0.37 | ) |  | $ | 0.12 |  |  | $ | 0.26 |
Diluted (c) |  |  | 0.10 |  |  |  | (0.37 | ) |  |  | 0.12 |  |  |  | 0.25 |
During the fourth quarter of fiscal 2012, the Company revised previously issued financial statements. See Note 1 for further discussion of the prior year revisions. In addition, the Company identified two items during the second quarter of fiscal 2012 that should have been recorded in the first quarter of fiscal 2012, but were originally corrected in the second quarter of fiscal 2012. Such errors related to an understatement of foreign currency transaction gains of $197, included in other (income) expense - net and an understatement of income tax expense of $635. These items were corrected as part of the revisions to previously issued financial statements. Items (a), (b) and (c) describe the impact on the quarterly results of these revisions.
(a) | Gross profit increased $371, $355 and $340 for the quarters ended June 30, 2011, September 30, 2011 and December 31, 2011, respectively. Gross profit increased $203, $221, $224 and $241 for the quarters ended June 30, 2010, September 30, 2010, December 31, 2010 and March 31, 2011, respectively.
(b) | Earnings from continuing operations and net earnings attributable to Modine decreased $550 for the quarter ended June 30, 2011 and increased $375 and $726 for the quarters ended September 30, 2011 and December 31, 2011, respectively. Earnings (loss) from continuing operations and net earnings (loss) attributable to Modine decreased $289, $190, $136 and $332 for the quarters ended June 30, 2010, September 30, 2010, December 31, 2010 and March 31, 2011, respectively.
(c) | Diluted earnings from continuing operations per share and diluted net earnings attributable to Modine per share decreased $0.01 for the quarter ended June 30, 2011 and increased $0.01 for the quarters ended September 30, 2011 and December 31, 2011. Diluted earnings (loss) from continuing operations per share and diluted net earnings (loss) attributable to Modine per share decreased $0.01 for the quarters ended June 30, 2010, September 30, 2010 and March 31, 2011, respectively.
(d) | The second quarter of fiscal 2011 includes a loss from extinguishment of debt and write-off of unamortized debt issuance costs of $19,924.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 23, 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 30 -Subparagraph a-j -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=6952194&loc=d3e1280-108306 + Details
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