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CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
shares in Millions, $ in Millions
Common stock [Member]
Additional Paid-in Capital [Member]
Retained earnings [Member]
Accumulated Other Comprehensive Income [Member]
Treasury stock, at cost [Member]
Non-controlling interest [Member]
Total
Balance at Mar. 31, 2014 $ 30.2 $ 175.7 $ 338.0 $ (103.9) $ (15.2) $ 3.8 $ 428.6
Balance (in shares) at Mar. 31, 2014 48.3            
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net earnings (loss) attributable to Modine $ 0.0 0.0 21.8 0.0 0.0 0.0 21.8
Other comprehensive income (loss) 0.0 0.0 0.0 (94.7) 0.0 (0.2) (94.9)
Stock options and awards including related tax benefits $ 0.2 0.9 0.0 0.0 0.0 0.0 1.1
Stock options and awards including related tax benefits (in shares) 0.3            
Purchase of treasury stock $ 0.0 0.0 0.0 0.0 (1.0) 0.0 (1.0)
Stock-based compensation expense 0.0 4.0 0.0 0.0 0.0 0.0 4.0
Net earnings attributable to noncontrolling interest 0.0 0.0 0.0 0.0 0.0 1.0 1.0
Balance at Mar. 31, 2015 $ 30.4 180.6 359.8 (198.6) (16.2) 4.6 360.6
Balance (in shares) at Mar. 31, 2015 48.6            
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net earnings (loss) attributable to Modine $ 0.0 0.0 (1.6) 0.0 0.0 0.0 (1.6) [1]
Other comprehensive income (loss) 0.0 0.0 0.0 24.4 0.0 (0.1) 24.3
Stock options and awards including related tax benefits $ 0.2 0.1 0.0 0.0 0.0 0.0 0.3
Stock options and awards including related tax benefits (in shares) 0.4            
Purchase of treasury stock $ 0.0 0.0 0.0 0.0 (7.8) 0.0 (7.8)
Stock-based compensation expense 0.0 4.9 0.0 0.0 0.0 0.0 4.9
Contribution by noncontrolling interest 0.0 0.0 0.0 0.0 0.0 2.3 2.3
Dividend paid to noncontrolling interest 0.0 0.0 0.0 0.0 0.0 (0.9) (0.9)
Net earnings attributable to noncontrolling interest 0.0 0.0 0.0 0.0 0.0 0.6 0.6
Balance at Mar. 31, 2016 $ 30.6 185.6 358.2 (174.2) (24.0) 6.5 $ 382.7
Balance (in shares) at Mar. 31, 2016 49.0           49.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net earnings (loss) attributable to Modine $ 0.0 0.0 14.2 0.0 0.0 0.0 $ 14.2 [2]
Other comprehensive income (loss) 0.0 0.0 0.0 (7.6) 0.0 0.0 (7.6)
Shares issued for acquisition of Luvata HTS $ 1.4 22.9 0.0 0.0 0.0 0.0 24.3
Shares issued for acquisition of Luvata HTS (in shares) 2.2            
Stock options and awards including related tax benefits $ 0.4 0.5 0.0 0.0 0.0 0.0 0.9
Stock options and awards including related tax benefits (in shares) 0.6            
Purchase of treasury stock $ 0.0 0.0 0.0 0.0 (1.4) 0.0 (1.4)
Stock-based compensation expense 0.0 7.4 0.0 0.0 0.0 0.0 7.4
Net earnings attributable to noncontrolling interest 0.0 0.0 0.0 0.0 0.0 0.7 0.7
Balance at Mar. 31, 2017 $ 32.4 $ 216.4 $ 372.4 $ (181.8) $ (25.4) $ 7.2 $ 421.2
Balance (in shares) at Mar. 31, 2017 51.8           51.8
[1] 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).
[2] 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).