XML 53 R39.htm IDEA: XBRL DOCUMENT v3.7.0.1
Earnings Per Share (Tables)
12 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Components of basic and diluted earnings per share
The components of basic and diluted earnings per share were as follows:

  
Years ended March 31,
 
  
2017
  
2016
  
2015
 
Basic:
         
Earnings (loss) from continuing operations
 
$
14.9
  
$
(1.0
)
 
$
22.2
 
Less: Net earnings attributable to noncontrolling interest
  
(0.7
)
  
(0.6
)
  
(1.0
)
Less: Undistributed earnings attributable to unvested shares
  
(0.2
)
  
-
   
(0.2
)
Earnings (loss) from continuing operations available to Modine shareholders
  
14.0
   
(1.6
)
  
21.0
 
Earnings from discontinued operations, net of income taxes
  
-
   
-
   
0.6
 
Net earnings (loss) available to Modine shareholders
 
$
14.0
  
$
(1.6
)
 
$
21.6
 
             
Weighted-average shares outstanding - basic
  
47.8
   
47.3
   
47.2
 
             
Basic Earnings Per Share:
            
Earnings (loss) per share - continuing operations
 
$
0.29
  
$
(0.03
)
 
$
0.45
 
Earnings per share - discontinued operations
  
-
   
-
   
0.01
 
Net earnings (loss) per share - basic
 
$
0.29
  
$
(0.03
)
 
$
0.46
 
             
Diluted:
            
Earnings (loss) from continuing operations
 
$
14.9
  
$
(1.0
)
 
$
22.2
 
Less: Net earnings attributable to noncontrolling interest
  
(0.7
)
  
(0.6
)
  
(1.0
)
Less: Undistributed earnings attributable to unvested shares
  
(0.1
)
  
-
   
(0.2
)
Earnings (loss) from continuing operations available to Modine shareholders
  
14.1
   
(1.6
)
  
21.0
 
Earnings from discontinued operations, net of income taxes
  
-
   
-
   
0.6
 
Net earnings (loss) available to Modine shareholders
 
$
14.1
  
$
(1.6
)
 
$
21.6
 
             
Weighted-average shares outstanding - basic
  
47.8
   
47.3
   
47.2
 
Effect of dilutive securities
  
0.5
   
-
   
0.6
 
Weighted-average shares outstanding - diluted
  
48.3
   
47.3
   
47.8
 
             
Diluted Earnings Per Share:
            
Earnings (loss) per share - continuing operations
 
$
0.29
  
$
(0.03
)
 
$
0.44
 
Earnings per share - discontinued operations
  
-
   
-
   
0.01
 
Net earnings (loss) per share - diluted
 
$
0.29
  
$
(0.03
)
 
$
0.45