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Earnings Per Share
 3 Months Ended
Jun. 30, 2022
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 June 30,
  
   
2022
    
2021
  
Net earnings attributable to Modine
  
$
14.3
    
$
2.3
                 
Weighted-average shares outstanding – basic
    
52.2
      
51.8
  
Effect of dilutive securities
    
0.2
      
0.7
  
Weighted-average shares outstanding – diluted
    
52.4
      
52.5
  
                 
Earnings per share:
                
Net earnings per share – basic
  
$
0.27
    
$
0.04
Net earnings per share – diluted
  
$
0.27
    
$
0.04

For the three months ended June 30, 2022, the calculation of diluted earnings per share excluded 0.9 million and 0.5 million stock options and restricted stock awards, respectively, because they were anti-dilutive.

For the three months ended June 30, 2021, the calculation of diluted earnings per share excluded 0.3 million and 0.2 million stock options and restricted stock awards, respectively, because they were anti-dilutive.