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Earnings per Share (Tables)
9 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table presents the basis for income per share computations (in millions, except share amounts):
Three Months EndedNine Months Ended
December 31, 2019December 31, 2018December 31, 2019December 31, 2018
Basic net income (loss) per share attributable to Rexnord common stockholders
Numerator:
Net income from continuing operations$48.4  $52.9  $153.6  $141.3  
Less: Non-controlling interest (loss) income(0.1) (0.3) 0.2  (0.1) 
Less: Dividends on preferred stock2.8  5.8  14.4  17.4  
Net income from continuing operations attributable to Rexnord common stockholders$45.7  $47.4  $139.0  $124.0  
Loss from discontinued operations, net of tax$—  $(27.8) $(1.8) $(154.3) 
Net income (loss) attributable to Rexnord common stockholders$45.7  $19.6  $137.2  $(30.3) 
Denominator:
Weighted-average common shares outstanding, basic113,448  104,777  108,250  104,562  
Diluted net income (loss) per share attributable to Rexnord common stockholders
Numerator:
Net income from continuing operations$48.4  $52.9  $153.6  $141.3  
Less: Non-controlling interest (loss) income(0.1) (0.3) 0.2  (0.1) 
Less: Dividends on preferred stock—  —  —  —  
Net income from continuing operations attributable to Rexnord common stockholders$48.5  $53.2  $153.4  $141.4  
Loss from discontinued operations, net of tax$—  $(27.8) $(1.8) $(154.3) 
Net income (loss) attributable to Rexnord common stockholders$45.7  $19.6  $137.2  $(30.3) 
Plus: Dividends on preferred stock 2.8  5.8  14.4  17.4  
Net income (loss) attributable to Rexnord common stockholders$48.5  $25.4  $151.6  $(12.9) 
Denominator:
Weighted-average common shares outstanding, basic113,448  104,777  108,250  104,562  
Effect of dilutive equity securities2,246  2,289  2,253  2,794  
Preferred stock under the "if-converted" method (1)7,989  15,979  13,307  15,979  
Weighted-average common shares outstanding, diluted123,683  123,045  123,810  123,335  
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(1)During the third quarter of fiscal 2020, the Company issued 15,980,050 shares of common stock upon the mandatory conversion of Preferred stock; see Note 8, Stockholders' Equity for additional information.