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Quarterly financial data (unaudited)
 12 Months Ended
Mar. 31, 2012
Quarterly financial data (unaudited) [Abstract]  
Quarterly financial data (unaudited)
Note 26:  Quarterly financial data (unaudited)

Quarterly financial data is summarized below for the fiscal years ended March 31, 2012 and 2011:

Fiscal 2012 quarters ended
June
Sept.
Dec.
March
Net sales
$417,863$397,290$373,282$388,717
Gross profit (a)
69,80262,37460,08364,311
Earnings from continuing operations (b)
12,5661,0008,76815,646
Net earnings attributable to Modine (b)
12,5751,3359,02215,529
Earnings from continuing operations per common share:
Basic
$0.27$0.02$0.18$0.33
Diluted (c)
0.270.020.180.33
Net earnings attributable to Modine per common share:
Basic
$0.27$0.03$0.19$0.33
Diluted (c)
0.270.030.190.33
Fiscal 2011 quarters ended
June
Sept.
Dec.
March
Net sales
$345,532$345,902$360,043$396,758
Gross profit (a)
59,17955,99056,77160,316
Earnings (loss) from continuing operations (b) (d)
4,737(13,880)5,44911,974
Net earnings (loss) attributable to Modine (b)
4,699(16,850)5,41511,969
Earnings (loss) from continuing operations per common share:
Basic
$0.10$(0.31)$0.12$0.26
Diluted (c)
0.10(0.31)0.120.25
Net earnings (loss) attributable to Modine per common share:
Basic
$0.10$(0.37)$0.12$0.26
Diluted (c)
0.10(0.37)0.120.25
 
During the fourth quarter of fiscal 2012, the Company revised previously issued financial statements. See Note 1 for further discussion of the prior year revisions. In addition, the Company identified two items during the second quarter of fiscal 2012 that should have been recorded in the first quarter of fiscal 2012, but were originally corrected in the second quarter of fiscal 2012. Such errors related to an understatement of foreign currency transaction gains of $197, included in other (income) expense - net and an understatement of income tax expense of $635. These items were corrected as part of the revisions to previously issued financial statements. Items (a), (b) and (c) describe the impact on the quarterly results of these revisions.

(a)
Gross profit increased $371, $355 and $340 for the quarters ended June 30, 2011, September 30, 2011 and December 31, 2011, respectively. Gross profit increased $203, $221, $224 and $241 for the quarters ended June 30, 2010, September 30, 2010, December 31, 2010 and March 31, 2011, respectively.
(b)
Earnings from continuing operations and net earnings attributable to Modine decreased $550 for the quarter ended June 30, 2011 and increased $375 and $726 for the quarters ended September 30, 2011 and December 31, 2011, respectively. Earnings (loss) from continuing operations and net earnings (loss) attributable to Modine decreased $289, $190, $136 and $332 for the quarters ended June 30, 2010, September 30, 2010, December 31, 2010 and March 31, 2011, respectively.
(c)
Diluted earnings from continuing operations per share and diluted net earnings attributable to Modine per share decreased $0.01 for the quarter ended June 30, 2011 and increased $0.01 for the quarters ended September 30, 2011 and December 31, 2011. Diluted earnings (loss) from continuing operations per share and diluted net earnings (loss) attributable to Modine per share decreased $0.01 for the quarters ended June 30, 2010, September 30, 2010 and March 31, 2011, respectively.
(d)
The second quarter of fiscal 2011 includes a loss from extinguishment of debt and write-off of unamortized debt issuance costs of $19,924.