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Earnings Per Share
 6 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
Earnings Per Share
Note 9: Earnings Per Share

The components of basic and diluted earnings per share were as follows:

 
  
Three months ended
September 30,
    
Six months ended
September 30,
  
 
  
2020
    
2019
    
2020
    
2019
  
Net earnings (loss) attributable to Modine
  
$
8.6
    
$
(4.7
)
  
$
-
    
$
3.3
  
 
                                
Weighted-average shares outstanding - basic
    
51.3
      
50.8
      
51.1
      
50.8
  
Effect of dilutive securities
    
-
      
-
      
-
      
0.3
  
Weighted-average shares outstanding - diluted
    
51.3
      
50.8
      
51.1
      
51.1
  
 
                                
Earnings (loss) per share:
                                
Net earnings (loss) per share - basic
  
$
0.17
    
$
(0.09
)
  
$
-
    
$
0.07
  
Net earnings (loss) per share - diluted
  
$
0.17
    
$
(0.09
)
  
$
-
    
$
0.06
  

For the three and six months ended September 30, 2020, the calculation of diluted earnings per share excluded 1.0 million and 1.1 million stock options, respectively, because they were anti-dilutive.  In addition, the calculation for both the three and six months ended September 30, 2020 excluded 0.4 million restricted stock awards because they were anti-dilutive.

For the three and six months ended September 30, 2019, the calculation of diluted earnings per share excluded 0.9 million and 0.8 million stock options, respectively, because they were anti-dilutive.  In addition, the calculation for both the three and six months ended September 30, 2019 excluded 0.5 million restricted stock awards because they were anti-dilutive.  For the three months ended September 30, 2019, the total number of potentially-dilutive securities was 0.3 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.