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Earnings Per Share
 6 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share
Note 10: Earnings Per Share

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

 
 
Three months ended
September 30,
  
Six months ended
September 30,
 
 
 
2013
  
2012
  
2013
  
2012
 
 
 
  
  
  
 
Earnings (loss) from continuing operations
 
$
5.0
  
$
(11.9
)
 
$
15.6
  
$
(12.9
)
Less: Net earnings attributable to noncontrolling interest
  
(0.4
)
  
(0.3
)
  
(1.0
)
  
(0.6
)
Earnings (loss) from continuing operations attributable to Modine
  
4.6
   
(12.2
)
  
14.6
   
(13.5
)
Less: Undistributed earnings attributable to unvested shares
  
-
   
-
   
(0.1
)
  
-
 
Earnings (loss) from continuing operations available to Modine shareholders
  
4.6
   
(12.2
)
  
14.5
   
(13.5
)
Earnings from discontinued operations
  
-
   
-
   
-
   
0.1
 
Net earnings (loss) available to Modine shareholders
 
$
4.6
  
$
(12.2
)
 
$
14.5
  
$
(13.4
)
 
                
Weighted average shares outstanding - basic
  
46.8
   
46.6
   
46.8
   
46.6
 
Effect of dilutive securities
  
0.8
   
-
   
0.6
   
-
 
Weighted average shares outstanding - diluted
  
47.6
   
46.6
   
47.4
   
46.6
 
 
                
Basic Earnings Per Share:
                
Earnings (loss) per share - continuing operations
 
$
0.10
  
$
(0.26
)
 
$
0.31
  
$
(0.29
)
Earnings per share - discontinued operations
  
-
   
-
   
-
   
-
 
Net earnings (loss) per share - basic
 
$
0.10
  
$
(0.26
)
 
$
0.31
  
$
(0.29
)
 
                
Diluted Earnings Per Share:
                
Earnings (loss) per share - continuing operations
 
$
0.10
  
$
(0.26
)
 
$
0.31
  
$
(0.29
)
Earnings per share - discontinued operations
  
-
   
-
   
-
   
-
 
Net earnings (loss) per share - diluted
 
$
0.10
  
$
(0.26
)
 
$
0.31
  
$
(0.29
)

For the three and six months ended September 30, 2012, the total number of potential dilutive securities was 0.2 million and 0.3 million, respectively.  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 three and six months ended September 30, 2013, the calculation of diluted earnings per share excluded 0.7 million stock options because they were anti-dilutive.  For the three and six months ended September 30, 2012, the calculation of diluted earnings per share excluded 1.3 million stock options because they were anti-dilutive.