XML 17 R2.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]        
Net sales $ 484.3 $ 473.4 $ 1,293.5 $ 1,502.6
Cost of sales 401.6 399.9 1,083.9 1,270.0
Gross profit 82.7 73.5 209.6 232.6
Selling, general and administrative expenses 56.1 63.5 151.6 194.4
Restructuring expenses 0.9 2.6 7.0 6.7
Impairment charges 134.4 0.0 134.4 0.0
Gain on sale of assets 0.0 (0.8) 0.0 (0.8)
Operating (loss) income (108.7) 8.2 (83.4) 32.3
Interest expense (4.6) (5.6) (15.2) (17.3)
Other (expense) income - net (0.5) 0.1 (1.0) (2.3)
(Loss) earnings before income taxes (113.8) 2.7 (99.6) 12.7
Provision for income taxes (81.6) (1.7) (95.3) (8.3)
Net (loss) earnings (195.4) 1.0 (194.9) 4.4
Net (earnings) loss attributable to noncontrolling interest (0.3) 0.2 (0.8) 0.1
Net (loss) earnings attributable to Modine $ (195.7) $ 1.2 $ (195.7) $ 4.5
Net (loss) earnings per share attributable to Modine shareholders:        
Basic (in dollars per share) $ (3.81) $ 0.02 $ (3.82) $ 0.09
Diluted (in dollars per share) $ (3.81) $ 0.02 $ (3.82) $ 0.09
Weighted-average shares outstanding:        
Basic (in shares) 51.3 50.8 51.2 50.8
Diluted (in shares) 51.3 51.1 51.2 51.1