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Earnings Per Share | 12 Months Ended
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Mar. 31, 2018
Earnings Per Share [Abstract] |
Earnings Per Share |
Note 8: | Earnings Per Share
The components of basic and diluted earnings per share were as follows:
|  | Years ended March 31, |
|  | 2018 |  |  | 2017 |  |  | 2016 |
Basic Earnings Per Share: |  |  |  |  |  |  |  |  |
Net earnings (loss) attributable to Modine |  | $ | 22.2 |  |  | $ | 14.2 |  |  | $ | (1.6 | )
Less: Undistributed earnings attributable to unvested shares |  |  | (0.2 | ) |  |  | (0.2 | ) |  |  | - |
Net earnings (loss) available to Modine shareholders |  | $ | 22.0 |  |  | $ | 14.0 |  |  | $ | (1.6 | )
Weighted-average shares outstanding - basic |  |  | 49.9 |  |  |  | 47.8 |  |  |  | 47.3 |
Net earnings (loss) per share - basic |  | $ | 0.44 |  |  | $ | 0.29 |  |  | $ | (0.03 | )
Diluted Earnings Per Share: |  |  |  |  |  |  |  |  |  |  |  |
Net earnings (loss) attributable to Modine |  | $ | 22.2 |  |  | $ | 14.2 |  |  | $ | (1.6 | )
Less: Undistributed earnings attributable to unvested shares |  |  | (0.1 | ) |  |  | (0.1 | ) |  |  | - |
Net earnings (loss) available to Modine shareholders |  | $ | 22.1 |  |  | $ | 14.1 |  |  | $ | (1.6 | )
Weighted-average shares outstanding - basic |  |  | 49.9 |  |  |  | 47.8 |  |  |  | 47.3 |
Effect of dilutive securities |  |  | 1.0 |  |  |  | 0.5 |  |  |  | - |
Weighted-average shares outstanding - diluted |  |  | 50.9 |  |  |  | 48.3 |  |  |  | 47.3 |
Net earnings (loss) per share - diluted |  | $ | 0.43 |  |  | $ | 0.29 |  |  | $ | (0.03 | )
For the years ended March 31, 2018, 2017 and 2016, the calculation of diluted earnings per share excluded 0.2 million, 0.8 million, and 0.8 million stock options, respectively, because they were anti-dilutive. For the year ended March 31, 2016, the total number of potentially-dilutive securities was 0.4 million. However, these securities were not included in the computation of diluted net loss per share since to do so would have decreased the loss per share.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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