Acquisition of Luvata HTS (Tables)

9 Months Ended

Dec. 31, 2016

Acquisition of Luvata HTS [Abstract]

Preliminary allocation of purchase price

The Company’s preliminary allocation of the purchase price for its acquisition of Luvata HTS is as follows:

Cash and cash equivalents	$	27.4
Trade accounts receivable		86.3
Inventories		48.8
Property, plant and equipment		116.5
Intangible assets		105.9
Goodwill		159.8
Other assets		31.0
Accounts payable		(66.2	)
Deferred income taxes		(30.0	)
Pensions		(14.3	)
Other liabilities		(49.6	)
Purchase price	$	415.6

Supplemental proforma information

This pro forma financial information is presented for illustrative purposes only and is not  considered to be indicative of the operating results that would have been achieved had the acquisition been completed as of the date indicated or the operating results that may be obtained in the future.

	Three months ended December 31,				Nine months ended December 31,
	2016		2015		2016		2015
Net sales	$	447.6	$	454.5	$	1,398.1	$	1,418.1
Net earnings (loss) attributable to Modine	$	10.4	$	13.1	$	28.8	$	(3.8	)
Net earnings (loss) per share attributable to Modine shareholders:
Basic	$	0.21	$	0.26	$	0.58	$	(0.08	)
Diluted	$	0.21	$	0.26	$	0.58	$	(0.08	)