XML 15 R2.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2020
CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]      
Net sales $ 2,050.1 $ 1,808.4 $ 1,975.5
Cost of sales 1,740.8 1,515.0 1,668.0
Gross profit 309.3 293.4 307.5
Selling, general and administrative expenses 215.1 210.9 249.6
Restructuring expenses 24.1 13.4 12.2
Impairment charges (reversals) - net (55.7) 166.8 8.6
Loss (gain) on sale of assets 6.6 0.0 (0.8)
Operating income (loss) 119.2 (97.7) 37.9
Interest expense (15.6) (19.4) (22.7)
Other expense - net (2.1) (2.2) (4.8)
Earnings (loss) before income taxes 101.5 (119.3) 10.4
Provision for income taxes (15.2) (90.2) (12.4)
Net earnings (loss) 86.3 (209.5) (2.0)
Net earnings attributable to noncontrolling interest (1.1) (1.2) (0.2)
Net earnings (loss) attributable to Modine $ 85.2 $ (210.7) $ (2.2)
Net earnings (loss) per share attributable to Modine shareholders:      
Basic (in dollars per share) $ 1.64 $ (4.11) $ (0.04)
Diluted (in dollars per share) $ 1.62 $ (4.11) $ (0.04)
Weighted-average shares outstanding:      
Basic (in shares) 52.0 51.3 50.8
Diluted (in shares) 52.5 51.3 50.8