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Earnings Per Share
 3 Months Ended
Jun. 30, 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 as follows:

 
Three months ended June 30
 
 
2012
 
 
2011
 
Basic:
 
 
 
 
 
 
(Loss) earnings from continuing operations
 
$
(1,055
)
 
$
12,566
 
Less: Net earnings (loss) attributable to noncontrolling interest
 
 
301
 
 
 
(9
)
(Loss) earnings from continuing operations attributable to Modine
 
 
(1,356
)
 
 
12,575
 
Less: Undistributed earnings attributable to unvested shares
 
 
-
 
 
 
(48
)
Net (loss) earnings from continuing operations available to Modine common shareholders
 
 
(1,356
)
 
 
12,527
 
Net earnings from discontinued operations
 
 
177
 
 
 
-
 
Less: Undistributed earnings attributable to unvested shares
 
 
(1
)
 
 
-
 
Net earnings from discontinued operations available to Modine common shareholders
 
 
176
 
 
 
-
 
Net (loss) earnings available to Modine common shareholders
 
$
(1,180
)
 
$
12,527
 
 
 
 
 
 
 
 
 
Basic Earnings Per Share:
 
 
 
 
 
 
 
 
Weighted average shares outstanding - basic
 
 
46,546
 
 
 
46,361
 
 
 
 
 
 
 
 
 
(Loss) earnings from continuing operations per common share
 
$
(0.03
)
 
$
0.27
 
Net earnings from discontinued operations per common share
 
 
-
 
 
 
-
 
Net (loss) earnings per common share - basic
 
$
(0.03
)
 
$
0.27
 

 
Three months ended June 30
 
 
2012
 
 
2011
 
Diluted:
 
 
 
 
 
 
(Loss) earnings from continuing operations
 
$
(1,055
)
 
$
12,566
 
Less: Net earnings (loss) attributable to noncontrolling interest
 
 
301
 
 
 
(9
)
(Loss) earnings from continuing operations attributable to Modine
 
 
(1,356
)
 
 
12,575
 
Less: Undistributed earnings attributable to unvested shares
 
 
-
 
 
 
(31
)
Net (loss) earnings from continuing operations available to Modine common shareholders
 
 
(1,356
)
 
 
12,544
 
Net earnings from discontinued operations
 
 
177
 
 
 
-
 
Less: Undistributed earnings attributable to unvested shares
 
 
(1
)
 
 
-
 
Net earnings from discontinued operations available to Modine common shareholders
 
 
176
 
 
 
-
 
Net (loss) earnings available to Modine common shareholders
 
$
(1,180
)
 
$
12,544
 
 
 
 
 
 
 
 
 
Diluted Earnings Per Share:
 
 
 
 
 
 
 
 
Weighted average shares outstanding - basic
 
 
46,546
 
 
 
46,361
 
Effect of dilutive securities
 
 
-
 
 
 
619
 
Weighted average shares outstanding - diluted
 
 
46,546
 
 
 
46,980
 
 
 
 
 
 
 
 
 
(Loss) earnings from continuing operations per common share
 
$
(0.03
)
 
$
0.27
 
Net earnings from discontinued operations per common share
 
 
-
 
 
 
-
 
Net (loss) earnings per common share - diluted
 
$
(0.03
)
 
$
0.27
 

For the three months ended June 30, 2012, the total number of potential dilutive securities was 336.  However, these securities were not included in the computation of diluted net loss per common share for the three months ended June 30, 2012, since to do so would decrease the loss per share.  In addition, for the three months ended June 30, 2012, 1,330 of common shares issuable upon the exercise of stock options and 149 restricted stock awards were anti-dilutive and were excluded from the calculation of diluted earnings per share. For the three months ended June 30, 2011, 1,165 of common shares issuable upon the exercise of stock options and 152 restricted stock awards were anti-dilutive and were excluded from the calculation of diluted earnings per share.