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Earnings Per Share | 9 Months Ended
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Dec. 31, 2012
Earnings Per Share [Abstract] |
Earnings Per Share | Note 9: Earnings Per Share The components of basic and diluted earnings per share are as follows:
|  | Three months ended December 31, |  |  | Nine months ended December 31, |
|  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |
Basic Earnings Per Share: |  |  |  |  |  |  |  |  |  |  |  |
(Loss) earnings from continuing operations |  | $ | (8.4 | ) |  | $ | 8.8 |  |  | $ | (21.2 | ) |  | $ | 22.3 |
Less: Net earnings attributable to noncontrolling interest |  |  | (0.3 | ) |  |  | (0.1 | ) |  |  | (0.9 | ) |  |  | (0.1 | )
(Loss) earnings from continuing operations attributable to Modine |  |  | (8.7 | ) |  |  | 8.7 |  |  |  | (22.1 | ) |  |  | 22.2 |
Less: Undistributed earnings attributable to unvested shares |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (0.1 | )
(Loss) earnings from continuing operations available to Modine shareholders |  | $ | (8.7 | ) |  | $ | 8.7 |  |  | $ | (22.1 | ) |  | $ | 22.1 |
Earnings from discontinued operations |  | $ | - |  |  | $ | 0.3 |  |  | $ | - |  |  | $ | 0.7 |
Less: Undistributed earnings attributable to unvested shares |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Earnings from discontinued operations available to Modine shareholders |  | $ | - |  |  | $ | 0.3 |  |  | $ | - |  |  | $ | 0.7 |
Net (loss) earnings available to Modine shareholders |  | $ | (8.7 | ) |  | $ | 9.0 |  |  | $ | (22.1 | ) |  | $ | 22.8 |
Weighted average shares outstanding - basic |  |  | 46.7 |  |  |  | 46.5 |  |  |  | 46.6 |  |  |  | 46.5 |
(Loss) earnings per share - continuing operations |  | $ | (0.19 | ) |  | $ | 0.18 |  |  | $ | (0.47 | ) |  | $ | 0.47 |
Earnings per share - discontinued operations |  |  | - |  |  |  | 0.01 |  |  |  | - |  |  |  | 0.02 |
Net (loss) earnings per share - basic |  | $ | (0.19 | ) |  | $ | 0.19 |  |  | $ | (0.47 | ) |  | $ | 0.49 |
|  | Three months ended December 31, |  |  | Nine months ended December 31, |
|  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |
Diluted Earnings Per Share: |  |  |  |  |  |  |  |  |  |  |  |
(Loss) earnings from continuing operations |  | $ | (8.4 | ) |  | $ | 8.8 |  |  | $ | (21.2 | ) |  | $ | 22.3 |
Less: Net earnings attributable to noncontrolling interest |  |  | (0.3 | ) |  |  | (0.1 | ) |  |  | (0.9 | ) |  |  | (0.1 | )
(Loss) earnings from continuing operations attributable to Modine |  |  | (8.7 | ) |  |  | 8.7 |  |  |  | (22.1 | ) |  |  | 22.2 |
Less: Undistributed earnings attributable to unvested shares |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (0.1 | )
(Loss) earnings from continuing operations available to Modine shareholders |  | $ | (8.7 | ) |  | $ | 8.7 |  |  | $ | (22.1 | ) |  | $ | 22.1 |
Earnings from discontinued operations |  | $ | - |  |  | $ | 0.3 |  |  | $ | - |  |  | $ | 0.7 |
Less: Undistributed earnings attributable to unvested shares |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Earnings from discontinued operations available to Modine shareholders |  | $ | - |  |  | $ | 0.3 |  |  | $ | - |  |  | $ | 0.7 |
Net (loss) earnings available to Modine shareholders |  | $ | (8.7 | ) |  | $ | 9.0 |  |  | $ | (22.1 | ) |  | $ | 22.8 |
Weighted average shares outstanding - basic |  |  | 46.7 |  |  |  | 46.5 |  |  |  | 46.6 |  |  |  | 46.5 |
Effect of dilutive securities |  |  | - |  |  |  | 0.3 |  |  |  | - |  |  |  | 0.4 |
Weighted average shares outstanding - diluted |  |  | 46.7 |  |  |  | 46.8 |  |  |  | 46.6 |  |  |  | 46.9 |
(Loss) earnings per share - continuing operations |  | $ | (0.19 | ) |  | $ | 0.18 |  |  | $ | (0.47 | ) |  | $ | 0.47 |
Earnings per share - discontinued operations |  |  | - |  |  |  | 0.01 |  |  |  | - |  |  |  | 0.02 |
Net (loss) earnings per share - diluted |  | $ | (0.19 | ) |  | $ | 0.19 |  |  | $ | (0.47 | ) |  | $ | 0.49 |
For each of the three and nine months ended December 31, 2012, the total number of potential dilutive securities was 0.3. However, these securities were not included in the computation of diluted net loss per share for the three and nine months ended December 31, 2012, since to do so would decrease the loss per share. For the three and nine months ended December 31, 2012, 1.2 shares issuable upon the exercise of stock options were anti-dilutive and excluded from the calculation of diluted earnings per share. In addition, for each of the three and nine months ended December 31, 2012, 0.2 restricted stock awards were anti-dilutive and were also excluded from the calculation of diluted earnings per share. For each of the three and nine months ended December 31, 2011, 1.4 shares issuable upon the exercise of stock options and 0.2 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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