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Earnings Per Share
 9 Months Ended
Dec. 31, 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
December 31,
  
Nine months ended
December 31,
 
 
 
2013
  
2012
  
2013
  
2012
 
 
 
  
  
  
 
Net earnings (loss) attributable to Modine
 
$
(3.6
)
 
$
(8.7
)
 
$
11.0
  
$
(22.1
)
Less: Undistributed earnings attributable to unvested shares
  
-
   
-
   
(0.1
)
  
-
 
Net earnings (loss) available to Modine shareholders
 
$
(3.6
)
 
$
(8.7
)
 
$
10.9
  
$
(22.1
)
 
                
Weighted average shares outstanding - basic
  
46.9
   
46.7
   
46.8
   
46.6
 
Effect of dilutive securities
  
-
   
-
   
0.7
   
-
 
Weighted average shares outstanding - diluted
  
46.9
   
46.7
   
47.5
   
46.6
 
 
                
Earnings per share:
                
Net earnings (loss) per share - basic
 
$
(0.08
)
 
$
(0.19
)
 
$
0.23
  
$
(0.47
)
Net earnings (loss) per share - diluted
 
$
(0.08
)
 
$
(0.19
)
 
$
0.23
  
$
(0.47
)

For the three months ended December 31, 2013, the total number of potential dilutive securities was 0.8 million. For each of the three and nine months ended December 31, 2012, 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 have decreased the loss per share.  For the three and nine months ended December 31, 2013, the calculation of diluted earnings per share excluded 0.5 million and 0.7 million stock options, respectively, because they were anti-dilutive.  For the three and nine months ended December 31, 2012, the calculation of diluted earnings per share excluded 1.2 million stock options because they were anti-dilutive.