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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2015
CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]      
Net sales $ 1,503.0 $ 1,352.5 $ 1,496.4
Cost of sales 1,249.7 1,129.0 1,249.9
Gross profit 253.3 223.5 246.5
Selling, general and administrative expenses 205.0 204.5 184.5
Restructuring expenses 10.9 16.6 4.7
Gain on sale of facilities (2.0) 0.0 (3.2)
Impairment charges 0.0 9.9 7.8
Operating income (loss) 39.4 (7.5) 52.7
Interest expense (17.2) (11.1) (11.7)
Other (expense) income - net (1.4) 8.7 0.2
Earnings (loss) from continuing operations before income taxes 20.8 (9.9) 41.2
(Provision) benefit for income taxes (5.9) 8.9 (19.0)
Earnings (loss) from continuing operations 14.9 [1] (1.0) [2] 22.2
Earnings from discontinued operations, net of income taxes 0.0 0.0 0.6
Net earnings (loss) 14.9 (1.0) 22.8
Net earnings attributable to noncontrolling interest (0.7) (0.6) (1.0)
Net earnings (loss) attributable to Modine $ 14.2 [1] $ (1.6) [2] $ 21.8
Earnings (loss) per share from continuing operations attributable to Modine shareholders:      
Basic (in dollars per share) $ 0.29 $ (0.03) $ 0.45
Diluted (in dollars per share) 0.29 (0.03) 0.44
Net earnings (loss) per share attributable to Modine shareholders:      
Basic (in dollars per share) 0.29 (0.03) 0.46
Diluted (in dollars per share) $ 0.29 $ (0.03) $ 0.45
Weighted-average shares outstanding:      
Basic (in shares) 47.8 47.3 47.2
Diluted (in shares) 48.3 47.3 47.8
[1] During fiscal 2017, restructuring expenses totaled $2.3 million, $2.1 million, $1.6 million, and $4.9 million for the quarters ended June 30, 2016, September 30, 2016, December 31, 2016, and March 31, 2017, respectively (see Note 5). During fiscal 2017, the Company sold two previously-closed manufacturing facilities in its Americas segment and a facility in its Europe segment and recognized net gains totaling $1.2 million and $0.8 million in the quarters ended September 30, 2016 and March 31, 2017, respectively. During fiscal 2017, acquisition- and integration-related costs totaled $1.4 million, $3.0 million, $7.2 million, and $3.2 million for the quarters ended June 30, 2016, September 30, 2016, December 31, 2016, and March 31, 2017, respectively (see Note 2). During the fourth quarter of fiscal 2017, the Company recorded a deferred tax valuation allowance related to a foreign tax jurisdiction, and, as a result, recorded income tax expense of $2.0 million (see Note 7).
[2] During fiscal 2016, restructuring expenses totaled $2.6 million, $1.0 million, $1.6 million, and $11.4 million for the quarters ended June 30, 2015, September 30, 2015, December 31, 2015, and March 31, 2016, respectively (see Note 5). During the fourth quarter of fiscal 2016, the Company recorded a $9.9 million asset impairment charge related to a manufacturing facility in Germany (see Note 5). During fiscal 2016, non-cash pension settlement losses totaled $39.2 million, $1.1 million, and $1.8 million for the quarters ended September 30, 2015, December 31, 2015, and March 31, 2016, respectively (see Note 16). During the fourth quarter of fiscal 2016, the Company recorded a $9.5 million gain related to an insurance settlement for equipment losses resulting from the Airedale fire. Also during the fourth quarter of fiscal 2016, the Company reversed a deferred tax asset valuation allowance, and, as a result, recorded an income tax benefit related to a foreign tax jurisdiction of $3.0 million (see Note 7).