Quarterly Results of Operations (unaudited) (Tables)

12 Months Ended

Mar. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information

	Fiscal 2020
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter (1)		Total
Net sales	$	508.3	$	521.3	$	491.7	$	547.0	$	2,068.3
Gross profit	201.6		208.2		191.7		216.5		818.0
Net income from continuing operations	48.5		56.7		48.4		28.6		182.2
Loss from discontinued operations, net of tax	(1.8)		—		—		—		(1.8)
Net income	46.7		56.7		48.4		28.6		180.4
Non-controlling interest income (loss)	0.2		0.1		(0.1)		0.1		0.3
Net income attributable to Rexnord	46.5		56.6		48.5		28.5		180.1
Dividends on preferred stock	(5.8)		(5.8)		(2.8)		—		(14.4)
Net income attributable to Rexnord common stockholders	$	40.7	$	50.8	$	45.7	$	28.5	$	165.7
Basic net income (loss) per share attributable to Rexnord common stockholders
Continuing operations	$	0.40	$	0.48	$	0.40	$	0.23	$	1.50
Discontinued operations	$	(0.02)	$	—	$	—	$	—	$	(0.02)
Net income	$	0.39	$	0.48	$	0.40	$	0.23	$	1.48
Diluted net income (loss) per share attributable to Rexnord common stockholders
Continuing operations	$	0.39	$	0.46	$	0.39	$	0.23	$	1.46
Discontinued operations	$	(0.01)	$	—	$	—	$	—	$	(0.01)
Net income	$	0.38	$	0.46	$	0.39	$	0.23	$	1.45

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(1)The fourth quarter of fiscal 2020 included the recognition of a $35.8 million non-cash actuarial loss in connection with performing the annual re-measurement of the Company's pension and other post-retirement obligations. Refer to Note 16, Retirement Benefits for additional 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 then-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 then-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.