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Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended
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Mar. 31, 2015
Quarterly Financial Data (Unaudited) [Abstract] |
Summary of quarterly financial data | Quarterly financial data is summarized below for the years ended March 31, 2015 and 2014:
|  | Fiscal 2015 quarters ended |  |  |  |
|  | June |  |  | Sept. |  |  | Dec. |  |  | March |  |  | Fiscal 2015 |
Net sales |  | $ | 392.5 |  |  | $ | 377.3 |  |  | $ | 363.6 |  |  | $ | 363.0 |  |  | $ | 1,496.4 |
Gross profit |  |  | 67.7 |  |  |  | 56.7 |  |  |  | 59.4 |  |  |  | 62.7 |  |  |  | 246.5 |
Earnings (loss) from continuing operations (a) |  |  | 14.1 |  |  |  | 2.0 |  |  |  | 9.1 |  |  |  | (3.0 | ) |  |  | 22.2 |
Net earnings (loss) attributable to Modine (a) |  |  | 13.7 |  |  |  | 1.7 |  |  |  | 9.6 |  |  |  | (3.2 | ) |  |  | 21.8 |
Net earnings (loss) per share attributable to Modine shareholders: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.29 |  |  | $ | 0.04 |  |  | $ | 0.20 |  |  | $ | (0.07 | ) |  | $ | 0.46 |
Diluted |  |  | 0.28 |  |  |  | 0.04 |  |  |  | 0.20 |  |  |  | (0.07 | ) |  |  | 0.45 |
|  | 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 |
| (a) | The quarterly financial data presented above includes restructuring expenses and impairment charges related to restructuring actions in Europe, North America, and South America segments. During fiscal 2015, restructuring expenses totaled $0.8 million, $1.0 million, $1.9 million, and $1.0 million for the quarters ended June 30, 2014, September 30, 2014, December 31, 2014, and March 31, 2015, respectively. During the third quarter of fiscal 2015, the Company sold a wind tunnel within the Europe segment and recognized a gain of $3.2 million. During the fourth quarter of fiscal 2015, the Company recorded a $7.8 million goodwill impairment charge related to its South America segment. Also during the fourth quarter of fiscal 2015, the Company recorded a $3.2 million charge in its South America segment associated with a legal matter in Brazil. 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. See Notes 6, 14, and 19 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 Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: 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=35737889&loc=d3e1280-108306 + Details
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