Earnings Per Share

12 Months Ended

Mar. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share

Note 8: Earnings Per Share

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

Years Ended March 31	2013			2012			2011
(Loss) earnings from continuing operations	$	(22.8	)	$	38.0		$	8.3
Less: Net earnings attributable to noncontrolling interest		(1.4	)		(0.3	)		-
(Loss) earnings from continuing operations attributable to Modine		(24.2	)		37.7			8.3
Less: Undistributed earnings attributable to unvested shares		-			(0.2	)		-
(Loss) earnings from continuing operations available to Modine shareholders		(24.2	)		37.5			8.3
Earnings (loss) from discontinued operations		-			0.8			(3.1	)
Net (loss) earnings available to Modine shareholders	$	(24.2	)	$	38.3		$	5.2
Weighted average shares outstanding - basic		46.6			46.5			46.2
Effect of dilutive securities		-			0.4			0.5
Weighted average shares outstanding - diluted		46.6			46.9			46.7
Basic Earnings Per Share:
(Loss) earnings per share - continuing operations	$	(0.52	)	$	0.81		$	0.18
Earnings (loss) per share - discontinued operations		-			0.02			(0.07	)
Net (loss) earnings per share - basic	$	(0.52	)	$	0.83		$	0.11
Diluted Earnings Per Share:
(Loss) earnings per share - continuing operations	$	(0.52	)	$	0.80		$	0.18
Earnings (loss) per share - discontinued operations		-			0.02			(0.07	)
Net (loss) earnings per share - diluted	$	(0.52	)	$	0.82		$	0.11

For the year ended March 31, 2013, the total number of potential dilutive securities was 0.3 million. However, these securities were not included in the computation of diluted net loss per share since to do so would decrease the loss per share. For the years ended March 31, 2013, 2012 and 2011, the calculation of diluted earnings per share excludes 1.1 million, 1.1 million and 1.5 million stock options, respectively, and 0.1 million, 0.4 million and 0.2 million restricted stock awards, respectively, because they were anti-dilutive.