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Earnings Per Share | 12 Months Ended
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Mar. 31, 2016
Earnings Per Share [Abstract] |
Earnings Per Share |
Note 9: | Earnings Per Share
The components of basic and diluted earnings per share were as follows:
|  | Years ended March 31,
|  | 2016 |  | 2015 |  | 2014
Basic: |  |  |  |  |  |  |  |  |
(Loss) earnings from continuing operations |  | $ | (1.0 | ) |  | $ | 22.2 |  |  | $ | 131.9 |
Less: Net earnings attributable to noncontrolling interest |  |  | (0.6 | ) |  |  | (1.0 | ) |  |  | (1.5 | )
Less: Undistributed earnings attributable to unvested shares |  |  | - |  |  |  | (0.2 | ) |  |  | (1.7 | )
(Loss) earnings from continuing operations available to Modine shareholders |  |  | (1.6 | ) |  |  | 21.0 |  |  |  | 128.7 |
Earnings from discontinued operations, net of income taxes |  |  | - |  |  |  | 0.6 |  |  |  | - |
Net (loss) earnings available to Modine shareholders |  | $ | (1.6 | ) |  | $ | 21.6 |  |  | $ | 128.7 |
Weighted-average shares outstanding - basic |  |  | 47.3 |  |  |  | 47.2 |  |  |  | 46.9 |
Basic Earnings Per Share: |  |  |  |  |  |  |  |  |  |  |  |
(Loss) earnings per share - continuing operations |  | $ | (0.03 | ) |  | $ | 0.45 |  |  | $ | 2.75 |
Earnings per share - discontinued operations |  |  | - |  |  |  | 0.01 |  |  |  | - |
Net (loss) earnings per share - basic |  | $ | (0.03 | ) |  | $ | 0.46 |  |  | $ | 2.75 |
Diluted: |  |  |  |  |  |  |  |  |  |  |  |
(Loss) earnings from continuing operations |  | $ | (1.0 | ) |  | $ | 22.2 |  |  | $ | 131.9 |
Less: Net earnings attributable to noncontrolling interest |  |  | (0.6 | ) |  |  | (1.0 | ) |  |  | (1.5 | )
Less: Undistributed earnings attributable to unvested shares |  |  | - |  |  |  | (0.2 | ) |  |  | (0.9 | )
(Loss) earnings from continuing operations available to Modine shareholders |  |  | (1.6 | ) |  |  | 21.0 |  |  |  | 129.5 |
Earnings from discontinued operations, net of income taxes |  |  | - |  |  |  | 0.6 |  |  |  | - |
Net (loss) earnings available to Modine shareholders |  | $ | (1.6 | ) |  | $ | 21.6 |  |  | $ | 129.5 |
Weighted-average shares outstanding - basic |  |  | 47.3 |  |  |  | 47.2 |  |  |  | 46.9 |
Effect of dilutive securities |  |  | - |  |  |  | 0.6 |  |  |  | 0.7 |
Weighted-average shares outstanding - diluted |  |  | 47.3 |  |  |  | 47.8 |  |  |  | 47.6 |
Diluted Earnings Per Share: |  |  |  |  |  |  |  |  |  |  |  |
(Loss) earnings per share - continuing operations |  | $ | (0.03 | ) |  | $ | 0.44 |  |  | $ | 2.72 |
Earnings per share - discontinued operations |  |  | - |  |  |  | 0.01 |  |  |  | - |
Net (loss) earnings per share - diluted |  | $ | (0.03 | ) |  | $ | 0.45 |  |  | $ | 2.72 |
For the years ended March 31, 2016, 2015, and 2014, the calculation of diluted earnings per share excluded 0.8 million, 0.6 million, and 0.8 million stock options, respectively, because they were anti-dilutive. For the year ended March 31, 2016, the total number of potential dilutive securities was 0.4 million. However, these securities were not included in the computation of diluted net loss per share since to do so would decrease the loss per share.

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