Earnings Per Share

9 Months Ended

Dec. 31, 2011

Earnings Per Share [Abstract]

Earnings Per Share

Note 7: Earnings Per Share

The computational components of basic and diluted earnings per share are summarized as follows:

	Three months ended December 31						Nine months ended December 31
	2011			2010			2011			2010
Basic:
Earnings (loss) from continuing operations	$	8,042		$	5,585		$	21,783		$	(3,079	)
Less: Net earnings attributable to noncontrolling interest		(110	)		-			(139	)		-
Earnings (loss) from continuing operations attributable to Modine		7,932			5,585			21,644			(3,079	)
Less: Undistributed earnings attributable to unvested shares		(32	)		(26	)		(84	)		-
Net earnings (loss) from continuing operations available to Modine common shareholders		7,900			5,559			21,560			(3,079	)
Net earnings (loss) from discontinued operations		364			(34	)		737			(3,042	)
Less: Undistributed earnings attributable to unvested shares		(2	)		-			(3	)		-
Net earnings (loss) from discontinued operations available to Modine common shareholders		362			(34	)		734			(3,042	)
Net earnings (loss) available to Modine common shareholders	$	8,262		$	5,525		$	22,294		$	(6,121	)
Basic Earnings Per Share:
Weighted average shares outstanding - basic		46,533			46,235			46,457			46,114
Earnings (loss) from continuing operations per common share	$	0.17		$	0.12		$	0.46		$	(0.07	)
Net earnings (loss) from discontinued operations per common share		0.01			(0.00	)		0.02			(0.06	)
Net earnings (loss) per common share - basic	$	0.18		$	0.12		$	0.48		$	(0.13	)

	Three months ended December 31						Nine months ended December 31
	2011			2010			2011			2010
Diluted:
Earnings (loss) from continuing operations	$	8,042		$	5,585		$	21,783		$	(3,079	)
Less: Net earnings attributable to noncontrolling interest		(110	)		-			(139	)		-
Earnings (loss) from continuing operations attributable to  Modine		7,932			5,585			21,644			(3,079	)
Less: Undistributed earnings attributable to unvested shares		(23	)		(12	)		(59	)		-
Net earnings (loss) from continuing operations available to Modine common shareholders		7,909			5,573			21,585			(3,079	)
Net earnings (loss) from discontinued operations		364			(34	)		737			(3,042	)
Less: Undistributed earnings attributable to unvested shares		(1	)		-			(2	)		-
Net earnings (loss) from discontinued operations available to Modine common shareholders		363			(34	)		735			(3,042	)
Net earnings (loss) available to Modine common shareholders	$	8,272		$	5,539		$	22,320		$	(6,121	)
Diluted Earnings Per Share:
Weighted average shares outstanding - basic		46,533			46,235			46,457			46,114
Effect of dilutive securities		295			657			432			-
Weighted average shares outstanding - diluted		46,828			46,892			46,889			46,114
Earnings (loss) from continuing operations per common share	$	0.17		$	0.12		$	0.46		$	(0.07	)
Net earnings (loss) from discontinued operations per common share		0.01			(0.00	)		0.02			(0.06	)
Net earnings (loss) per common share - diluted	$	0.18		$	0.12		$	0.48		$	(0.13	)

For the three and nine months ended December 31, 2011, the calculation of diluted earnings per share excludes 1,367 stock options and 188 restricted stock awards as these shares were anti-dilutive.  For the three months ended December 31, 2010, the calculation of diluted earnings per share excludes 1,474 stock options as these were anti-dilutive.  For the nine months ended December 31, 2010, the calculation of diluted earnings per share excludes 1,811 stock options and 24 restricted stock awards as these shares were anti-dilutive.