The components of basic and diluted earnings per share are as follows:

	Three months ended December 31,						Nine months ended December 31,
	2012			2011			2012			2011
Basic Earnings Per Share:
(Loss) earnings from continuing operations	$	(8.4	)	$	8.8		$	(21.2	)	$	22.3
Less: Net earnings attributable to noncontrolling interest		(0.3	)		(0.1	)		(0.9	)		(0.1	)
(Loss) earnings from continuing operations attributable to Modine		(8.7	)		8.7			(22.1	)		22.2
Less: Undistributed earnings attributable to unvested shares		-			-			-			(0.1	)
(Loss) earnings from continuing operations available to Modine shareholders	$	(8.7	)	$	8.7		$	(22.1	)	$	22.1
Earnings from discontinued operations	$	-		$	0.3		$	-		$	0.7
Less: Undistributed earnings attributable to unvested shares		-			-			-			-
Earnings from discontinued operations available to Modine shareholders	$	-		$	0.3		$	-		$	0.7
Net (loss) earnings available to Modine shareholders	$	(8.7	)	$	9.0		$	(22.1	)	$	22.8

Weighted average shares outstanding - basic		46.7			46.5			46.6			46.5

(Loss) earnings per share - continuing operations	$	(0.19	)	$	0.18		$	(0.47	)	$	0.47
Earnings per share - discontinued operations		-			0.01			-			0.02
Net (loss) earnings per share - basic	$	(0.19	)	$	0.19		$	(0.47	)	$	0.49

	Three months ended December 31,						Nine months ended December 31,
	2012			2011			2012			2011
Diluted Earnings Per Share:
(Loss) earnings from continuing operations	$	(8.4	)	$	8.8		$	(21.2	)	$	22.3
Less: Net earnings attributable to noncontrolling interest		(0.3	)		(0.1	)		(0.9	)		(0.1	)
(Loss) earnings from continuing operations attributable to Modine		(8.7	)		8.7			(22.1	)		22.2
Less: Undistributed earnings attributable to unvested shares		-			-			-			(0.1	)
(Loss) earnings from continuing operations available to Modine shareholders	$	(8.7	)	$	8.7		$	(22.1	)	$	22.1
Earnings from discontinued operations	$	-		$	0.3		$	-		$	0.7
Less: Undistributed earnings attributable to unvested shares		-			-			-			-
Earnings from discontinued operations available to Modine shareholders	$	-		$	0.3		$	-		$	0.7
Net (loss) earnings available to Modine shareholders	$	(8.7	)	$	9.0		$	(22.1	)	$	22.8

Weighted average shares outstanding - basic		46.7			46.5			46.6			46.5
Effect of dilutive securities		-			0.3			-			0.4
Weighted average shares outstanding - diluted		46.7			46.8			46.6			46.9

(Loss) earnings per share - continuing operations	$	(0.19	)	$	0.18		$	(0.47	)	$	0.47
Earnings per share - discontinued operations		-			0.01			-			0.02
Net (loss) earnings per share - diluted	$	(0.19	)	$	0.19		$	(0.47	)	$	0.49