XML 30 R17.htm IDEA: XBRL DOCUMENT v3.22.1
Earnings Per Share
 12 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Earnings Per Share

Note 9:  Earnings Per Share

The components of basic and diluted earnings per share were as follows:

 
Years ended March 31,
  
   
2022
    
2021
    
2020
  
Basic Earnings Per Share:
                  
Net earnings (loss) attributable to Modine
  
$
85.2
    
$
(210.7
)
  
$
(2.2
)
                         
Weighted-average shares outstanding – basic
    
52.0
      
51.3
      
50.8
  
                         
Net earnings (loss) per share – basic
  
$
1.64
    
$
(4.11
)
  
$
(0.04
)
                         
Diluted Earnings Per Share:
                        
Net earnings (loss) attributable to Modine
  
$
85.2
    
$
(210.7
)
  
$
(2.2
)
                         
Weighted-average shares outstanding – basic
    
52.0
      
51.3
      
50.8
  
Effect of dilutive securities
    
0.5
      
-
      
-
  
Weighted-average shares outstanding – diluted
    
52.5
      
51.3
      
50.8
  
                         
Net earnings (loss) per share – diluted
  
$
1.62
    
$
(4.11
)
  
$
(0.04
)

For fiscal 2022, 2021 and 2020, the calculation of diluted earnings per share excluded 0.5 million, 1.0 million, and 1.1 million, stock options, respectively, because they were anti-dilutive. For fiscal 2022, 2021 and 2020, the calculation of diluted earnings per share excluded 0.2 million, 0.4 million, and 0.5 million restricted stock awards, respectively, because they were anti-dilutive. For fiscal 2021 and 2020, the total number of potentially-dilutive securities was 0.2 million and 0.3 million, respectively.  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.