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Acquisitions (Tables) | 12 Months Ended
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Mar. 31, 2017
Acquisitions [Abstract] |
Preliminary allocation of purchase price | The Company’s preliminary allocation of the purchase price for its acquisition of Luvata HTS is as follows:
Cash and cash equivalents |  | $ | 27.4 |
Trade accounts receivable |  |  | 86.3 |
Inventories |  |  | 55.7 |
Property, plant and equipment |  |  | 120.6 |
Intangible assets |  |  | 130.2 |
Goodwill |  |  | 150.6 |
Other assets |  |  | 38.6 |
Accounts payable |  |  | (73.7 | )
Accrued compensation and employee benefits |  |  | (24.3 | )
Deferred income taxes |  |  | (39.3 | )
Pensions |  |  | (14.3 | )
Other liabilities |  |  | (42.2 | )
Purchase price |  | $ | 415.6 |
Acquired intangible assets | Acquired intangible assets were as follows:
|  | Gross Carrying Value |  | Weighted- Average Useful Life
Customer relationships |  | $ | 58.4 |  | 17 years
Trade names |  |  | 50.1 |  | 20 years
Acquired technology |  |  | 21.7 |  | 12 years
Total intangible assets acquired |  | $ | 130.2 |  |
Supplemental proforma information | This pro forma financial information is presented for illustrative purposes only and is not considered to be indicative of the operating results that would have been achieved had the acquisition been completed as of the date indicated or the operating results that may be obtained in the future.
|  | Years ended March 31, |
|  | 2017 |  |  | 2016 |
Net sales |  | $ | 1,881.6 |  |  | $ | 1,871.9 |
Net earnings attributable to Modine |  |  | 35.8 |  |  |  | 1.5 |
Net earnings per share attributable to Modine shareholders: |  |  |  |  |  |  |  |
Basic |  | $ | 0.72 |  |  | $ | 0.03 |
Diluted |  |  | 0.71 |  |  |  | 0.03 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4845-128472 + Details
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