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Earnings Per Share
 12 Months Ended
Mar. 31, 2023
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,
  
   
2023
    
2022
    
2021
  
Basic Earnings Per Share:
                  
Net earnings (loss) attributable to Modine
  
$
153.1
    
$
85.2
 
$
(210.7
)
                         
Weighted-average shares outstanding – basic
    
52.3
      
52.0
      
51.3
  
                         
Net earnings (loss) per share – basic
  
$
2.93
    
$
1.64
 
$
(4.11
)
                         
Diluted Earnings Per Share:
                        
Net earnings (loss) attributable to Modine
  
$
153.1
    
$
85.2
 
$
(210.7
)
                         
Weighted-average shares outstanding – basic
    
52.3
      
52.0
      
51.3
  
Effect of dilutive securities
    
0.5
      
0.5
      
-
  
Weighted-average shares outstanding – diluted
    
52.8
      
52.5
      
51.3
  
                         
Net earnings (loss) per share – diluted
  
$
2.90
    
$
1.62
 
$
(4.11
)

For fiscal 2023, 2022 and 2021, the calculation of diluted earnings per share excluded 0.5 million, 0.5 million, and 1.0 million, stock options, respectively, because they were anti-dilutive. For fiscal 2023, 2022 and 2021, the calculation of diluted earnings per share excluded 0.2 million, 0.2 million, and 0.4 million restricted stock awards, respectively, because they were anti-dilutive. For fiscal 2021 the total number of potentially-dilutive securities was 0.2 million.  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.