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Earnings Per Share | 6 Months Ended
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Sep. 30, 2012
Earnings Per Share [Abstract] |
Earnings Per Share | Note 7: Earnings Per Share The components of basic and diluted earnings per share are as follows:
|  | Three months ended September 30 |  |  | Six months ended September 30 |
|  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |
Basic Earnings Per Share: |  |  |  |  |  |  |  |  |  |  |  |
(Loss) earnings from continuing operations |  | $ | (11,848 | ) |  | $ | 1,000 |  |  | $ | (12,903 | ) |  | $ | 13,566 |
Less: Net earnings attributable to noncontrolling interest |  |  | (267 | ) |  |  | (38 | ) |  |  | (568 | ) |  |  | (29 | )
(Loss) earnings from continuing operations attributable to Modine |  |  | (12,115 | ) |  |  | 962 |  |  |  | (13,471 | ) |  |  | 13,537 |
Less: Undistributed earnings attributable to unvested shares |  |  | - |  |  |  | (3 | ) |  |  | - |  |  |  | (51 | )
Net (loss) earnings from continuing operations available to Modine shareholders |  |  | (12,115 | ) |  |  | 959 |  |  |  | (13,471 | ) |  |  | 13,486 |
Net (loss) earnings from discontinued operations |  |  | (105 | ) |  |  | 373 |  |  |  | 72 |  |  |  | 373 |
Less: Undistributed earnings attributable to unvested shares |  |  | - |  |  |  | (1 | ) |  |  | (1 | ) |  |  | (1 | )
Net (loss) earnings from discontinued operations available to Modine shareholders |  |  | (105 | ) |  |  | 372 |  |  |  | 71 |  |  |  | 372 |
Net (loss) earnings available to Modine shareholders |  | $ | (12,220 | ) |  | $ | 1,331 |  |  | $ | (13,400 | ) |  | $ | 13,858 |
Weighted average shares outstanding - basic |  |  | 46,584 |  |  |  | 46,477 |  |  |  | 46,565 |  |  |  | 46,419 |
(Loss) earnings from continuing operations per share |  | $ | (0.26 | ) |  | $ | 0.02 |  |  | $ | (0.29 | ) |  | $ | 0.29 |
Net earnings from discontinued operations per share |  |  | - |  |  |  | 0.01 |  |  |  | - |  |  |  | 0.01 |
Net (loss) earnings per share - basic |  | $ | (0.26 | ) |  | $ | 0.03 |  |  | $ | (0.29 | ) |  | $ | 0.30 |
|  | Three months ended September 30 |  |  | Six months ended September 30 |
|  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |
Diluted Earnings Per Share: |  |  |  |  |  |  |  |  |  |  |  |
(Loss) earnings from continuing operations |  | $ | (11,848 | ) |  | $ | 1,000 |  |  | $ | (12,903 | ) |  | $ | 13,566 |
Less: Net earnings attributable to noncontrolling interest |  |  | (267 | ) |  |  | (38 | ) |  |  | (568 | ) |  |  | (29 | )
(Loss) earnings from continuing operations attributable to Modine |  |  | (12,115 | ) |  |  | 962 |  |  |  | (13,471 | ) |  |  | 13,537 |
Less: Undistributed earnings attributable to unvested shares |  |  | - |  |  |  | (4 | ) |  |  | - |  |  |  | (35 | )
Net (loss) earnings from continuing operations available to Modine shareholders |  |  | (12,115 | ) |  |  | 958 |  |  |  | (13,471 | ) |  |  | 13,502 |
Net (loss) earnings from discontinued operations |  |  | (105 | ) |  |  | 373 |  |  |  | 72 |  |  |  | 373 |
Less: Undistributed earnings attributable to unvested shares |  |  | - |  |  |  | (1 | ) |  |  | (1 | ) |  |  | (1 | )
Net (loss) earnings from discontinued operations available to Modine shareholders |  |  | (105 | ) |  |  | 372 |  |  |  | 71 |  |  |  | 372 |
Net (loss) earnings available to Modine shareholders |  | $ | (12,220 | ) |  | $ | 1,330 |  |  | $ | (13,400 | ) |  | $ | 13,874 |
Weighted average shares outstanding - basic |  |  | 46,584 |  |  |  | 46,477 |  |  |  | 46,565 |  |  |  | 46,419 |
Effect of dilutive securities |  |  | - |  |  |  | 381 |  |  |  | - |  |  |  | 500 |
Weighted average shares outstanding - diluted |  |  | 46,584 |  |  |  | 46,858 |  |  |  | 46,565 |  |  |  | 46,919 |
(Loss) earnings from continuing operations per share |  | $ | (0.26 | ) |  | $ | 0.02 |  |  | $ | (0.29 | ) |  | $ | 0.29 |
Net earnings from discontinued operations per share |  |  | - |  |  |  | 0.01 |  |  |  | - |  |  |  | 0.01 |
Net (loss) earnings per share - diluted |  | $ | (0.26 | ) |  | $ | 0.03 |  |  | $ | (0.29 | ) |  | $ | 0.30 |
For the three and six months ended September 30, 2012, the total number of potential dilutive securities was 228 and 282, respectively. However, these securities were not included in the computation of diluted net loss per share for the three and six months ended September 30, 2012, since to do so would decrease the loss per share. For the three and six months ended September 30, 2012, 1,273 shares issuable upon the exercise of stock options were anti-dilutive and excluded from the calculation of diluted earnings per share. In addition, for the three and six months ended September 30, 2012, 146 and 131, respectively of restricted stock awards were anti-dilutive and were also excluded from the calculation of diluted earnings per share. For the three and six months ended September 30, 2011, 1,497 shares issuable upon the exercise of stock options and 189 shares of restricted stock awards were anti-dilutive and were excluded from the calculation of diluted earnings per share.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=16381557&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -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 FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
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