Quarterly Results of Operations (unaudited) (Tables)

12 Months Ended

Mar. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information

	Fiscal 2019
	First Quarter (1)			Second Quarter (2)			Third Quarter (3)			Fourth Quarter			Total
Net sales	$	503.6		$	524.8		$	485.0		$	537.5		$	2,050.9
Gross profit	195.5			203.2			184.3			201.8			784.8
Net income from continuing operations	42.2			46.2			52.9			47.7			189.0
Loss from discontinued operations, net of tax	(42.8		)	(83.7		)	(27.8		)	(0.4		)	(154.7		)
Net (loss) income	(0.6		)	(37.5		)	25.1			47.3			34.3
Non-controlling interest income (loss)	0.1			0.1			(0.3		)	0.1			—
Net (loss) income attributable to Rexnord	(0.7		)	(37.6		)	25.4			47.2			34.3
Dividends on preferred stock	(5.8		)	(5.8		)	(5.8		)	(5.8		)	(23.2		)
Net (loss) income attributable to Rexnord common stockholders	$	(6.5	)	$	(43.4	)	$	19.6		$	41.4		$	11.1
Basic net income (loss) per share attributable to Rexnord common stockholders
Continuing operations	$	0.35		$	0.39		$	0.45		$	0.40		$	1.58
Discontinued operations	$	(0.41	)	$	(0.80	)	$	(0.27	)	$	—		$	(1.48	)
Net (loss) income	$	(0.06	)	$	(0.42	)	$	0.19		$	0.39		$	0.11
Diluted net income (loss) per share attributable to Rexnord common stockholders
Continuing operations	$	0.34		$	0.37		$	0.43		$	0.39		$	1.53
Discontinued operations	$	(0.40	)	$	(0.68	)	$	(0.23	)	$	—		$	(1.25	)
Net (loss) income	$	(0.06	)	$	(0.30	)	$	0.21		$	0.38		$	0.28

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(1) The first quarter of fiscal 2019 included a $44.0 million non-cash asset impairment to reduce the carrying amount of the held-for-sale VAG business to its estimated fair value less costs to sell. Refer to Note 4, Discontinued Operations for additional information.

(2) The second quarter of fiscal 2019 included an $82.0 million non-cash asset impairment charge to reduce the carrying amount of the held-for-sale VAG business to its estimated fair value less costs to sell. Refer to Note 4, Discontinued Operations for additional information.

(3) The third quarter of fiscal 2019 included a $19.7 million non-cash pre-tax loss on the sale of the VAG business, which was completed during the quarter. Refer to Note 4, Discontinued Operations for additional information.

	Fiscal 2018
	First Quarter			Second Quarter			Third Quarter (1)			Fourth Quarter (2)			Total
Net sales	$	443.2		$	453.8		$	436.7		$	517.9		$	1,851.6
Gross profit	164.1			173.6			170.1			198.7			706.5
Net income from continuing operations	29.4			33.3			85.9			58.0			206.6
Loss from discontinued operations, net of tax	(2.9		)	(3.5		)	(4.3		)	(119.9		)	(130.6		)
Net income (loss)	26.5			29.8			81.6			(61.9		)	76.0
Non-controlling interest income	—			—			—			0.1			0.1
Net income attributable to Rexnord	26.5			29.8			81.6			(62.0		)	75.9
Dividends on preferred stock	(5.8		)	(5.8		)	(5.8		)	(5.8		)	(23.2		)
Net income (loss) attributable to Rexnord common stockholders	$	20.7		$	24.0		$	75.8		$	(67.8	)	$	52.7
Basic net income (loss) per share attributable to Rexnord common stockholders
Continuing operations	$	0.23		$	0.26		$	0.77		$	0.50		$	1.76
Discontinued operations	$	(0.03	)	$	(0.03	)	$	(0.04	)	$	(1.15	)	$	(1.26	)
Net income (loss)	$	0.20		$	0.23		$	0.73		$	(0.65	)	$	0.51
Diluted net income (loss) per share attributable to Rexnord common stockholders
Continuing operations	$	0.23		$	0.26		$	0.70		$	0.47		$	1.69
Discontinued operations	$	(0.03	)	$	(0.03	)	$	(0.04	)	$	(0.98	)	$	(1.07	)
Net income (loss)	$	0.20		$	0.23		$	0.67		$	(0.51	)	$	0.62

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(1) The third quarter of fiscal 2018 included a $65.9 million net income tax benefit associated with the remeasurement of the Company's net U.S. deferred tax liability as a result of U.S. tax reform. Refer to Note 17, Income Taxes for additional information.

(2) The fourth quarter of fiscal 2018 included a $111.2 million non-cash goodwill impairment charge related to the VAG business. Refer to Note 4, Discontinued Operations for additional information.