Operating leases

12 Months Ended

Mar. 31, 2012

Note 4: Operating leases

Modine leases various facilities and equipment under operating leases. Rental expense for these leases totaled $8,966 in fiscal 2012, $8,849 in fiscal 2011 and $10,436 in fiscal 2010.

Future minimum rental commitments at March 31, 2012 under non-cancelable operating leases are as follows:

Years ending March 31

2013	$	5,541
2014		4,038
2015		2,539
2016		2,089
2017		1,908
2018 and beyond		5,121
Total future minimum rental commitments	$	21,236

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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