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Earnings Per Share | 12 Months Ended
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Mar. 31, 2021
Earnings Per Share [Abstract] |
Earnings Per Share | Note 9: Earnings Per Share The components of basic and diluted earnings per share were as follows:
|  | Years ended March 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Basic Earnings Per Share: |  |  |  |  |  |  |  |  |
Net (loss) earnings attributable to Modine |  | $ | (210.7 | ) |  | $ | (2.2 | ) |  | $ | 84.8 |
Less: Undistributed earnings attributable to unvested shares |  |  | - |  |  |  | - |  |  |  | (0.4 | )
Net (loss) earnings available to Modine shareholders |  | $ | (210.7 | ) |  | $ | (2.2 | ) |  | $ | 84.4 |
Weighted-average shares outstanding - basic |  |  | 51.3 |  |  |  | 50.8 |  |  |  | 50.5 |
Net (loss) earnings per share - basic |  | $ | (4.11 | ) |  | $ | (0.04 | ) |  | $ | 1.67 |
Diluted Earnings Per Share: |  |  |  |  |  |  |  |  |  |  |  |
Net (loss) earnings attributable to Modine |  | $ | (210.7 | ) |  | $ | (2.2 | ) |  | $ | 84.8 |
Less: Undistributed earnings attributable to unvested shares |  |  | - |  |  |  | - |  |  |  | (0.2 | )
Net (loss) earnings available to Modine shareholders |  | $ | (210.7 | ) |  | $ | (2.2 | ) |  | $ | 84.6 |
Weighted-average shares outstanding - basic |  |  | 51.3 |  |  |  | 50.8 |  |  |  | 50.5 |
Effect of dilutive securities |  |  | - |  |  |  | - |  |  |  | 0.8 |
Weighted-average shares outstanding - diluted |  |  | 51.3 |  |  |  | 50.8 |  |  |  | 51.3 |
Net (loss) earnings per share - diluted |  | $ | (4.11 | ) |  | $ | (0.04 | ) |  | $ | 1.65 |
For fiscal 2021, 2020 and 2019, the calculation of diluted earnings per share excluded 1.0 million, 1.1 million, and 0.4 million stock options, respectively, because they were anti-dilutive. For fiscal 2021, 2020 and 2019, the calculation of diluted earnings per share excluded 0.4 million, 0.5 million, and 0.3 million restricted stock awards, respectively, because they were anti-dilutive. For fiscal 2021 and 2020, the total number of potentially-dilutive securities was 0.2 million and 0.3 million, respectively. 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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257 + Details
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