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Quarterly Financial Data (Unaudited) | 12 Months Ended
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Mar. 31, 2014
Quarterly Financial Data (Unaudited) [Abstract] |
Quarterly Financial Data (Unaudited) | Note 22: Quarterly Financial Data (Unaudited) Quarterly financial data is summarized below for the years ended March 31, 2014 and 2013:
|  | Fiscal 2014 quarters ended |  |  |  |
|  | June |  |  | Sept. |  |  | Dec. |  |  | March |  |  | Fiscal 2014 |
Net sales |  | $ | 375.8 |  |  | $ | 364.2 |  |  | $ | 347.0 |  |  | $ | 390.6 |  |  | $ | 1,477.6 |
Gross profit |  |  | 61.9 |  |  |  | 57.2 |  |  |  | 56.8 |  |  |  | 62.3 |  |  |  | 238.2 |
Earnings (loss) from continuing operations (a)(b) |  |  | 10.6 |  |  |  | 5.0 |  |  |  | (3.4 | ) |  |  | 119.7 |  |  |  | 131.9 |
Net earnings (loss) attributable to Modine (a)(b) |  |  | 10.0 |  |  |  | 4.6 |  |  |  | (3.6 | ) |  |  | 119.4 |  |  |  | 130.4 |
Net earnings (loss) per share attributable to Modine shareholders: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.21 |  |  | $ | 0.10 |  |  | $ | (0.08 | ) |  | $ | 2.51 |  |  | $ | 2.75 |
Diluted |  |  | 0.21 |  |  |  | 0.10 |  |  |  | (0.08 | ) |  |  | 2.49 |  |  |  | 2.72 |
|  | Fiscal 2013 quarters ended |  |  |  |  |
|  | June |  |  | Sept. |  |  | Dec. |  |  | March |  |  | Fiscal 2013 |
Net sales |  | $ | 350.4 |  |  | $ | 339.9 |  |  | $ | 326.1 |  |  | $ | 359.6 |  |  | $ | 1,376.0 |
Gross profit |  |  | 51.7 |  |  |  | 52.6 |  |  |  | 48.2 |  |  |  | 56.1 |  |  |  | 208.6 |
Loss from continuing operations (a) |  |  | (1.0 | ) |  |  | (11.8 | ) |  |  | (8.4 | ) |  |  | (1.6 | ) |  |  | (22.8 | )
Net loss attributable to Modine (a) |  |  | (1.2 | ) |  |  | (12.2 | ) |  |  | (8.7 | ) |  |  | (2.1 | ) |  |  | (24.2 | )
Net loss per share attributable to Modine shareholders: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | (0.03 | ) |  | $ | (0.26 | ) |  | $ | (0.19 | ) |  | $ | (0.04 | ) |  | $ | (0.52 | )
Diluted |  |  | (0.03 | ) |  |  | (0.26 | ) |  |  | (0.19 | ) |  |  | (0.04 | ) |  |  | (0.52 | )
| (a) | The quarterly financial data presented above includes restructuring expenses and impairment charges, primarily related to our Europe restructuring program and certain restructuring actions in the U.S. During fiscal 2014, restructuring expenses totaled $0.5 million, $0.6 million, $9.4 million, and $5.6 million for the quarters ended June 30, 2013, September 30, 2013, December 31, 2013, and March 31, 2014, respectively. The Company recorded impairment charges of $2.0 million and $1.2 million during the quarters ended December 31, 2013 and March 31, 2014, respectively. During fiscal 2013, restructuring expenses totaled $4.6 million, $1.3 million, $1.4 million, and $9.7 million for the quarters ended June 30, 2012, September 30, 2012, December 31, 2012, and March 31, 2013, respectively. The Company recorded impairment charges of $16.7 million, $8.3 million, and $0.9 million during the quarters ended September 30, 2012, December 31, 2012, and March 31, 2013, respectively. See Note 6 for additional information.
| (b) | The quarter ended March 31, 2014 was benefited by the reversal of U.S. income tax valuation allowances totaling $119.2 million. See Note 8 for additional information.

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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 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 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 FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=25249566&loc=d3e1280-108306 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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