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Earnings Per Share
 6 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Share
Note 9: Earnings Per Share

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

  
Three months ended
September 30,
  
Six months ended
September 30,
 
  
2015
  
2014
  
2015
  
2014
 
Net (loss) earnings attributable to Modine
 
$
(22.5
)
 
$
1.7
  
$
(17.4
)
 
$
15.4
 
Less: Undistributed earnings attributable to unvested shares
  
-
   
-
   
-
   
(0.2
)
Net (loss) earnings available to Modine shareholders
 
$
(22.5
)
 
$
1.7
  
$
(17.4
)
 
$
15.2
 
                 
Weighted-average shares outstanding - basic
  
47.4
   
47.2
   
47.4
   
47.1
 
Effect of dilutive securities
  
-
   
0.5
   
-
   
0.6
 
Weighted-average shares outstanding - diluted
  
47.4
   
47.7
   
47.4
   
47.7
 
                 
Earnings per share:
                
Net (loss) earnings per share - basic
 
$
(0.47
)
 
$
0.04
  
$
(0.37
)
 
$
0.32
 
Net (loss) earnings per share - diluted
 
$
(0.47
)
 
$
0.04
  
$
(0.37
)
 
$
0.32
 
 
For both the three and six months ended September 30, 2015, the calculation of diluted earnings per share excluded 0.9 million stock options because they were anti-dilutive.  For both the three and six months ended September 30, 2014, the calculation of diluted earnings per share excluded 0.7 million stock options because they were anti-dilutive.  For both the three and six months ended September 30, 2015, the total number of potential dilutive securities was 0.4 million.  However, these securities were not included in the respective computations of diluted net loss per share since to do so would decrease the loss per share.