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Earnings Per Share
 9 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Earnings Per Share
Note 9: 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,
 
 
 
2016
  
2015
  
2016
  
2015
 
Net earnings (loss) attributable to Modine
 
$
1.7
  
$
8.2
  
$
6.2
  
$
(9.2
)
Less: Undistributed earnings attributable to unvested shares
  
-
   
(0.2
)
  
(0.1
)
  
-
 
Net earnings (loss) available to Modine shareholders
 
$
1.7
  
$
8.0
  
$
6.1
  
$
(9.2
)
                 
Weighted-average shares outstanding - basic
  
47.9
   
47.4
   
47.3
   
47.4
 
Effect of dilutive securities
  
0.6
   
0.4
   
0.4
   
-
 
Weighted-average shares outstanding - diluted
  
48.5
   
47.8
   
47.7
   
47.4
 
                 
Earnings per share:
                
Net earnings (loss) per share - basic
 
$
0.04
  
$
0.17
  
$
0.13
  
$
(0.19
)
Net earnings (loss) per share - diluted
 
$
0.04
  
$
0.17
  
$
0.13
  
$
(0.19
)
 
For the three and nine months ended December 31, 2016, the calculation of diluted earnings per share excluded 0.9 million and 1.0 million stock options, respectively, because they were anti-dilutive.  For the three and nine months ended December 31, 2015, the calculation of diluted earnings per share excluded 1.0 million and 0.9 million stock options, respectively, because they were anti-dilutive.  For the nine months ended December 31, 2015, the total number of potential dilutive securities was 0.4 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.