XML 18 R2.htm IDEA: XBRL DOCUMENT v3.21.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2019
CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]      
Net sales $ 1,808.4 $ 1,975.5 $ 2,212.7
Cost of sales 1,515.0 1,668.0 1,847.2
Gross profit 293.4 307.5 365.5
Selling, general and administrative expenses 210.9 249.6 244.1
Restructuring expenses 13.4 12.2 9.6
Impairment charges 166.8 8.6 0.4
(Gain) loss on sale of assets 0.0 (0.8) 1.7
Operating (loss) income (97.7) 37.9 109.7
Interest expense (19.4) (22.7) (24.8)
Other expense - net (2.2) (4.8) (4.1)
(Loss) earnings before income taxes (119.3) 10.4 80.8
(Provision) benefit for income taxes (90.2) (12.4) 5.1
Net (loss) earnings (209.5) (2.0) 85.9
Net earnings attributable to noncontrolling interest (1.2) (0.2) (1.1)
Net (loss) earnings attributable to Modine $ (210.7) $ (2.2) $ 84.8
Net (loss) earnings per share attributable to Modine shareholders:      
Basic (in dollars per share) $ (4.11) $ (0.04) $ 1.67
Diluted (in dollars per share) $ (4.11) $ (0.04) $ 1.65
Weighted-average shares outstanding:      
Basic (in shares) 51.3 50.8 50.5
Diluted (in shares) 51.3 50.8 51.3