XML 14 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) [Abstract]        
Net sales $ 508.3 $ 317.7 $ 1,023.8 $ 664.9
Cost of sales 422.2 269.7 849.2 554.6
Gross profit 86.1 48.0 174.6 110.3
Selling, general and administrative expenses 62.2 48.2 121.4 92.4
Restructuring expenses 0.4 2.1 2.1 4.4
Gain on sale of facility 0.0 (1.2) 0.0 (1.2)
Operating income (loss) 23.5 (1.1) 51.1 14.7
Interest expense (6.6) (3.0) (13.2) (6.0)
Other expense - net (1.1) (0.9) (2.0) (1.8)
Earnings (loss) before income taxes 15.8 (5.0) 35.9 6.9
Benefit (provision) for income taxes 0.5 1.0 (2.2) (2.0)
Net earnings (loss) 16.3 (4.0) 33.7 4.9
Net earnings attributable to noncontrolling interest (0.4) (0.1) (0.8) (0.4)
Net earnings (loss) attributable to Modine $ 15.9 $ (4.1) $ 32.9 $ 4.5
Net earnings (loss) per share attributable to Modine shareholders:        
Basic (in dollars per share) $ 0.32 $ (0.09) $ 0.66 $ 0.09
Diluted (in dollars per share) $ 0.31 $ (0.09) $ 0.65 $ 0.09
Weighted-average shares outstanding:        
Basic (in shares) 49.8 47.1 49.6 47.0
Diluted (in shares) 50.7 47.1 50.4 47.3