XML 29 R44.htm IDEA: XBRL DOCUMENT v2.4.1.9
Earnings Per Share (Details) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2014
Dec. 31, 2013
Components of basic and diluted earnings per share [Abstract]        
Earnings (loss) from continuing operations $ 9.1us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $ (3.4)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $ 25.2us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $ 12.2us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Less: Net earnings attributable to noncontrolling interest (0.1)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (0.2)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (0.8)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (1.2)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Less: Undistributed earnings attributable to unvested shares (0.1)us-gaap_UndistributedEarnings 0us-gaap_UndistributedEarnings (0.3)us-gaap_UndistributedEarnings (0.1)us-gaap_UndistributedEarnings
Earnings (loss) from continuing operations available to Modine shareholders 8.9us-gaap_IncomeLossFromContinuingOperations (3.6)us-gaap_IncomeLossFromContinuingOperations 24.1us-gaap_IncomeLossFromContinuingOperations 10.9us-gaap_IncomeLossFromContinuingOperations
Earnings from discontinued operations, net of income taxes 0.6us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity 0.6us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
Net earnings (loss) available to Modine shareholders $ 9.5us-gaap_NetIncomeLossAttributableToParentDiluted $ (3.6)us-gaap_NetIncomeLossAttributableToParentDiluted $ 24.7us-gaap_NetIncomeLossAttributableToParentDiluted $ 10.9us-gaap_NetIncomeLossAttributableToParentDiluted
Weighted average shares outstanding - basic (in shares) 47.2us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 46.9us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 47.2us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 46.8us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Effect of dilutive securities (in shares) 0.5us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment 0us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment 0.5us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment 0.7us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment
Weighted average shares outstanding - diluted (in shares) 47.7us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 46.9us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 47.7us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 47.5us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Basic Earnings Per Share: [Abstract]        
Earnings (loss) per share - continuing operations $ 0.19us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ (0.08)us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.51us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.23us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Earnings per share - discontinued operations $ 0.01us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.01us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Net earnings per share - basic (in dollars per share) $ 0.20us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciplePerBasicShare $ (0.08)us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciplePerBasicShare $ 0.52us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciplePerBasicShare $ 0.23us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciplePerBasicShare
Diluted Earnings Per Share [Abstract]        
Earnings (loss) per share - continuing operations $ 0.19us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ (0.08)us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.51us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.23us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Earnings per share - discontinued operations $ 0.01us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.01us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Net earnings (loss) per share - diluted $ 0.20us-gaap_EarningsPerShareDiluted $ (0.08)us-gaap_EarningsPerShareDiluted $ 0.52us-gaap_EarningsPerShareDiluted $ 0.23us-gaap_EarningsPerShareDiluted
Potential dilutive securities (in shares)   0.8mod_PotentialDilutiveSecurities    
Stock Options [Member]        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Antidilutive securities excluded from computation of earning per share (in shares) 0.9us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
/ us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis
= us-gaap_EmployeeStockOptionMember
0.5us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
/ us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis
= us-gaap_EmployeeStockOptionMember
0.7us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
/ us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis
= us-gaap_EmployeeStockOptionMember
0.7us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
/ us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis
= us-gaap_EmployeeStockOptionMember