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Earnings Per Share
 6 Months Ended
Sep. 30, 2012
Earnings Per Share [Abstract]  
Earnings Per Share
Note 7: Earnings Per Share

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

 
Three months ended
September 30
 
 
Six months ended
September 30
 
 
2012
 
 
2011
 
 
2012
 
 
2011
 
Basic Earnings Per Share:
 
 
 
 
 
 
 
 
 
 
 
 
(Loss) earnings from continuing operations
 
$
(11,848
)
 
$
1,000
 
 
$
(12,903
)
 
$
13,566
 
Less: Net earnings attributable to noncontrolling interest
 
 
(267
)
 
 
(38
)
 
 
(568
)
 
 
(29
)
(Loss) earnings from continuing operations attributable to Modine
 
 
(12,115
)
 
 
962
 
 
 
(13,471
)
 
 
13,537
 
Less: Undistributed earnings attributable to unvested shares
 
 
-
 
 
 
(3
)
 
 
-
 
 
 
(51
)
Net (loss) earnings from continuing operations available to Modine shareholders
 
 
(12,115
)
 
 
959
 
 
 
(13,471
)
 
 
13,486
 
Net (loss) earnings from discontinued operations
 
 
(105
)
 
 
373
 
 
 
72
 
 
 
373
 
Less: Undistributed earnings attributable to unvested shares
 
 
-
 
 
 
(1
)
 
 
(1
)
 
 
(1
)
Net (loss) earnings from discontinued operations available to Modine shareholders
 
 
(105
)
 
 
372
 
 
 
71
 
 
 
372
 
Net (loss) earnings available to Modine shareholders
 
$
(12,220
)
 
$
1,331
 
 
$
(13,400
)
 
$
13,858
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average shares outstanding - basic
 
 
46,584
 
 
 
46,477
 
 
 
46,565
 
 
 
46,419
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Loss) earnings from continuing operations per share
 
$
(0.26
)
 
$
0.02
 
 
$
(0.29
)
 
$
0.29
 
Net earnings from discontinued operations per share
 
 
-
 
 
 
0.01
 
 
 
-
 
 
 
0.01
 
Net (loss) earnings per share - basic
 
$
(0.26
)
 
$
0.03
 
 
$
(0.29
)
 
$
0.30
 

 
Three months ended
September 30
 
 
Six months ended
September 30
 
 
2012
 
 
2011
 
 
2012
 
 
2011
 
Diluted Earnings Per Share:
 
 
 
 
 
 
 
 
 
 
 
 
(Loss) earnings from continuing operations
 
$
(11,848
)
 
$
1,000
 
 
$
(12,903
)
 
$
13,566
 
Less: Net earnings attributable to noncontrolling interest
 
 
(267
)
 
 
(38
)
 
 
(568
)
 
 
(29
)
(Loss) earnings from continuing operations attributable to Modine
 
 
(12,115
)
 
 
962
 
 
 
(13,471
)
 
 
13,537
 
Less: Undistributed earnings attributable to unvested shares
 
 
-
 
 
 
(4
)
 
 
-
 
 
 
(35
)
Net (loss) earnings from continuing operations available to Modine shareholders
 
 
(12,115
)
 
 
958
 
 
 
(13,471
)
 
 
13,502
 
Net (loss) earnings from discontinued operations
 
 
(105
)
 
 
373
 
 
 
72
 
 
 
373
 
Less: Undistributed earnings attributable to unvested shares
 
 
-
 
 
 
(1
)
 
 
(1
)
 
 
(1
)
Net (loss) earnings from discontinued operations available to Modine shareholders
 
 
(105
)
 
 
372
 
 
 
71
 
 
 
372
 
Net (loss) earnings available to Modine shareholders
 
$
(12,220
)
 
$
1,330
 
 
$
(13,400
)
 
$
13,874
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average shares outstanding - basic
 
 
46,584
 
 
 
46,477
 
 
 
46,565
 
 
 
46,419
 
Effect of dilutive securities
 
 
-
 
 
 
381
 
 
 
-
 
 
 
500
 
Weighted average shares outstanding - diluted
 
 
46,584
 
 
 
46,858
 
 
 
46,565
 
 
 
46,919
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Loss) earnings from continuing operations per share
 
$
(0.26
)
 
$
0.02
 
 
$
(0.29
)
 
$
0.29
 
Net earnings from discontinued operations per share
 
 
-
 
 
 
0.01
 
 
 
-
 
 
 
0.01
 
Net (loss) earnings per share - diluted
 
$
(0.26
)
 
$
0.03
 
 
$
(0.29
)
 
$
0.30
 

For the three and six months ended September 30, 2012, the total number of potential dilutive securities was 228 and 282, respectively.  However, these securities were not included in the computation of diluted net loss per share for the three and six months ended September 30, 2012, since to do so would decrease the loss per share.  For the three and six months ended September 30, 2012, 1,273 shares issuable upon the exercise of stock options were anti-dilutive and excluded from the calculation of diluted earnings per share.  In addition, for the three and six months ended September 30, 2012, 146 and 131, respectively of restricted stock awards were anti-dilutive and were also excluded from the calculation of diluted earnings per share.  For the three and six months ended September 30, 2011, 1,497 shares issuable upon the exercise of stock options and 189 shares of restricted stock awards were anti-dilutive and were excluded from the calculation of diluted earnings per share.