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Quarterly Financial Data (Unaudited)
 12 Months Ended
Mar. 31, 2016
Quarterly Financial Data (Unaudited) [Abstract]  
Quarterly Financial Data (Unaudited)
Note 22:Quarterly Financial Data (Unaudited)

Quarterly financial data is summarized below for the years ended March 31, 2016 and 2015:

  
Fiscal 2016 quarters ended
   
  
June
 
Sept.
 
Dec.
 
March
 
Fiscal 2016
                
Net sales
 
$
346.1
  
$
334.0
  
$
328.7
  
$
343.7
  
$
1,352.5
 
Gross profit
  
57.0
   
45.7
   
58.6
   
62.2
   
223.5
 
Earnings (loss) from continuing operations (a)
  
5.5
   
(22.5
)
  
8.2
   
7.8
   
(1.0
)
Net earnings (loss) attributable to Modine (a)
  
5.1
   
(22.5
)
  
8.2
   
7.6
   
(1.6
)
Net earnings (loss) per share attributable to Modine shareholders:
                    
Basic
 
$
0.11
  
$
(0.47
)
 
$
0.17
  
$
0.16
  
$
(0.03
)
Diluted
  
0.11
   
(0.47
)
  
0.17
   
0.16
   
(0.03
)

  
Fiscal 2015 quarters ended
   
  
June
 
Sept.
 
Dec.
 
March
 
Fiscal 2015
                
Net sales
 
$
392.5
  
$
377.3
  
$
363.6
  
$
363.0
  
$
1,496.4
 
Gross profit
  
67.7
   
56.7
   
59.4
   
62.7
   
246.5
 
Earnings (loss) from continuing operations (b)
  
14.1
   
2.0
   
9.1
   
(3.0
)
  
22.2
 
Net earnings (loss) attributable to Modine (b)
  
13.7
   
1.7
   
9.6
   
(3.2
)
  
21.8
 
Net earnings (loss) per share attributable to Modine shareholders:
                    
Basic
 
$
0.29
  
$
0.04
  
$
0.20
  
$
(0.07
)
 
$
0.46
 
Diluted
  
0.28
   
0.04
   
0.20
   
(0.07
)
  
0.45
 
 
(a)During fiscal 2016, restructuring expenses totaled $2.6 million, $1.0 million, $1.6 million, and $11.4 million for the quarters ended June 30, 2015, September 30, 2015, December 31, 2015, and March 31, 2016, respectively (see Note 6).  During the fourth quarter of fiscal 2016, the Company recorded a $9.9 million asset impairment charge related to a manufacturing facility in Germany (see Note 6).  During fiscal 2016, non-cash pension settlement losses totaled $39.2 million, $1.1 million, and $1.8 million for the quarters ended September 30, 2015, December 31, 2015, and March 31, 2016, respectively (see Note 17).  During the fourth quarter of fiscal 2016, the Company recorded a $9.5 million gain related to an insurance settlement for equipment losses resulting from the Airedale fire (see Note 2).  Also during the fourth quarter of fiscal 2016, the Company reversed a deferred tax asset valuation allowance, and, as a result, recorded an income tax benefit of $3.0 million (see Note 8).
(b)During fiscal 2015, restructuring expenses totaled $0.8 million, $1.0 million, $1.9 million, and $1.0 million for the quarters ended June 30, 2014, September 30, 2014, December 31, 2014, and March 31, 2015, respectively (see Note 6). During the third quarter of fiscal 2015, the Company sold a wind tunnel and recognized a gain of $3.2 million (see Note 6).  During the fourth quarter of fiscal 2015, the Company recorded a $7.8 million goodwill impairment charge (see Note 14) and a $3.2 million charge associated with a legal matter in Brazil (see Note 19).