XML 57 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2012
CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]      
Net sales $ 1,477.6 $ 1,376.0 $ 1,577.2
Cost of sales 1,239.4 1,167.4 1,320.6
Gross profit 238.2 208.6 256.6
Selling, general and administrative expenses 181.7 166.3 186.6
Restructuring expenses 16.1 17.0 0
Impairment charges 3.2 25.9 2.5
Operating income (loss) 37.2 (0.6) 67.5
Interest expense (12.4) (12.6) (12.5)
Other (expense) income - net (0.8) 0.2 (7.1)
Earnings (loss) from continuing operations before income taxes 24.0 (13.0) 47.9
Benefit (provision) for income taxes 107.9 (9.8) (9.9)
Earnings (loss) from continuing operations 131.9 (22.8) 38.0
Earnings from discontinued operations, net of income taxes 0 0 0.8
Net earnings (loss) 131.9 (22.8) 38.8
Net earnings attributable to noncontrolling interest (1.5) (1.4) (0.3)
Net earnings (loss) attributable to Modine $ 130.4 $ (24.2) $ 38.5
Earnings (loss) per share from continuing operations attributable to Modine shareholders:      
Basic (in dollars per share) $ 2.75 $ (0.52) $ 0.81
Diluted (in dollars per share) $ 2.72 $ (0.52) $ 0.80
Net earnings (loss) per share attributable to Modine shareholders:      
Basic (in dollars per share) $ 2.75 $ (0.52) $ 0.83
Diluted (in dollars per share) $ 2.72 $ (0.52) $ 0.82
Weighted average shares outstanding:      
Basic (in shares) 46.9 46.6 46.5
Diluted (in shares) 47.6 46.6 46.9