XML 40 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) [Abstract]        
Net sales $ 347.0 $ 326.1 $ 1,087.0 $ 1,016.4
Cost of sales 290.2 277.9 911.1 863.9
Gross profit 56.8 48.2 175.9 152.5
Selling, general and administrative expenses 44.5 42.3 132.9 126.8
Restructuring expenses 9.4 1.4 10.5 7.3
Impairment charges 2.0 8.3 2.0 25.1
Operating income (loss) 0.9 (3.8) 30.5 (6.7)
Interest expense (3.2) (2.8) (9.4) (9.2)
Other expense - net (0.3) (0.3) (0.8) 0
Earnings (loss) before income taxes (2.6) (6.9) 20.3 (15.9)
Provision for income taxes (0.8) (1.5) (8.1) (5.3)
Net earnings (loss) (3.4) (8.4) 12.2 (21.2)
Net earnings attributable to noncontrolling interest (0.2) (0.3) (1.2) (0.9)
Net earnings (loss) attributable to Modine $ (3.6) $ (8.7) $ 11.0 $ (22.1)
Net earnings (loss) per share attributable to Modine shareholders:        
Basic (in dollars per share) $ (0.08) $ (0.19) $ 0.23 $ (0.47)
Diluted (in dollars per share) $ (0.08) $ (0.19) $ 0.23 $ (0.47)
Weighted average shares outstanding:        
Basic (in shares) 46.9 46.7 46.8 46.6
Diluted (in shares) 46.9 46.7 47.5 46.6