Earnings per share

12 Months Ended

Mar. 31, 2012

Earnings per share [Abstract]

Earnings per share

Note 7:  Earnings per share

The computational components of basic and diluted earnings per share are summarized below:

Years Ended March 31	2012			2011			2010
Basic:
Earnings (loss) from continuing operations	$	37,980		$	8,280		$	(22,845	)
Less: Net earnings attributable to noncontrolling interest		(343	)		-			-
Earnings (loss) from continuing operations attributable to Modine		37,637			8,280			(22,845	)
Less: Undistributed earnings attributable to unvested shares		(153	)		(36	)		-
Net earnings (loss) from continuing operations available to Modine common shareholders		37,484			8,244			(22,845	)
Net earnings (loss) from discontinued operations		824			(3,047	)		(8,981	)
Less: Undistributed earnings attributable to unvested shares		(3	)		-			-
Net earnings (loss) from discontinued operations available to Modine common shareholders		821			(3,047	)		(8,981	)
Net earnings (loss) available to Modine common shareholders	$	38,305		$	5,197		$	(31,826	)
Basic Earnings Per Share:
Weighted average shares outstanding - basic		46,477			46,167			39,298
Earnings (loss) from continuing operations per common share	$	0.81		$	0.18		$	(0.58	)
Net earnings (loss) from discontinued operations per common share		0.02			(0.07	)		(0.23	)
Net earnings (loss) per common share - basic	$	0.83		$	0.11		$	(0.81	)
Diluted:
Earnings (loss) from continuing operations	$	37,980		$	8,280		$	(22,845	)
Less: Net earnings attributable to noncontrolling interest		(343	)		-			-
Earnings (loss) from continuing operations attributable to Modine		37,637			8,280			(22,845	)
Less: Undistributed earnings attributable to unvested shares		(106	)		(19	)		-
Net earnings (loss) from continuing operations available to Modine common shareholders		37,531			8,261			(22,845	)
Net earnings (loss) from discontinued operations		824			(3,047	)		(8,981	)
Less: Undistributed earnings attributable to unvested shares		(2	)		-			-
Net earnings (loss) from discontinued operations available to Modine common shareholders		822			(3,047	)		(8,981	)
Net earnings (loss) available to Modine common shareholders	$	38,353		$	5,214		$	(31,826	)
Diluted Earnings Per Share:
Weighted average shares outstanding - basic		46,477			46,167			39,298
Effect of dilutive securities		404			562			-
Weighted average shares outstanding - diluted		46,881			46,729			39,298
Earnings (loss) from continuing operations per common share	$	0.80		$	0.18		$	(0.58	)
Net earnings (loss) from discontinued operations per common share		0.02			(0.07	)		(0.23	)
Net earnings (loss) per common share - diluted	$	0.82		$	0.11		$	(0.81	)

For the years ended March 31, 2012, 2011 and 2010, the calculation of diluted earnings per share excludes 1,112, 1,493 and 2,094 stock options, respectively, and 416, 177 and 106 restricted stock awards, respectively, as these shares were anti-dilutive.