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Quarterly Financial Data (Unaudited)
 12 Months Ended
Mar. 31, 2017
Quarterly Financial Data (Unaudited) [Abstract]  
Quarterly Financial Data (Unaudited)
Note 21:  Quarterly Financial Data (Unaudited)

Quarterly financial data is summarized below for the years ended March 31, 2017 and 2016:

  
Fiscal 2017 quarters ended
    
  
June
  
Sept.
  
Dec.
  
March
  
Fiscal 2017
 
                
Net sales
 
$
347.2
  
$
317.7
  
$
349.8
  
$
488.3
  
$
1,503.0
 
Gross profit
  
62.0
   
47.7
   
58.7
   
84.9
   
253.3
 
Earnings (loss) from continuing operations (a)
  
8.9
   
(4.0
)
  
1.9
   
8.1
   
14.9
 
Net earnings (loss) attributable to Modine (a)
  
8.6
   
(4.1
)
  
1.7
   
8.0
   
14.2
 
Net earnings (loss) per share attributable to Modine shareholders:
                    
Basic
 
$
0.18
  
$
(0.09
)
 
$
0.04
  
$
0.16
  
$
0.29
 
Diluted
  
0.18
   
(0.09
)
  
0.04
   
0.16
   
0.29
 
 
  
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 (b)
  
5.5
   
(22.5
)
  
8.2
   
7.8
   
(1.0
)
Net earnings (loss) attributable to Modine (b)
  
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
)
 
(a)
During fiscal 2017, restructuring expenses totaled $2.3 million, $2.1 million, $1.6 million, and $4.9 million for the quarters ended June 30, 2016, September 30, 2016, December 31, 2016, and March 31, 2017, respectively (see Note 5).  During fiscal 2017, the Company sold two previously-closed manufacturing facilities in its Americas segment and a facility in its Europe segment and recognized net gains totaling $1.2 million and $0.8 million in the quarters ended September 30, 2016 and March 31, 2017, respectively.  During fiscal 2017, acquisition- and integration-related costs totaled $1.4 million, $3.0 million, $7.2 million, and $3.2 million for the quarters ended June 30, 2016, September 30, 2016, December 31, 2016, and March 31, 2017, respectively (see Note 2).  During the fourth quarter of fiscal 2017, the Company recorded a deferred tax valuation allowance related to a foreign tax jurisdiction, and, as a result, recorded income tax expense of $2.0 million (see Note 7).
(b)
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 5).  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 5).  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 16).  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.  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 related to a foreign tax jurisdiction of $3.0 million (see Note 7).