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Earnings Per Share
 9 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Earnings Per Share
Note 10: Earnings Per Share

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

 
Three months ended
December 31,
    
Nine months ended
December 31,
  
   
2021
    
2020
    
2021
    
2020
  
Net earnings (loss) attributable to Modine
  
$
74.1
    
$
(195.7
)
  
$
76.8
    
$
(195.7
)
                                 
Weighted-average shares outstanding - basic
    
52.0
      
51.3
      
51.9
      
51.2
  
Effect of dilutive securities
    
0.4
      
-
      
0.6
      
-
  
Weighted-average shares outstanding - diluted
    
52.4
      
51.3
      
52.5
      
51.2
  
                                 
Earnings (loss) per share:
                                
Net earnings (loss) per share - basic
  
$
1.42
    
$
(3.81
)
  
$
1.48
    
$
(3.82
)
Net earnings (loss) per share - diluted
  
$
1.41
    
$
(3.81
)
  
$
1.46
    
$
(3.82
)

For both the three and nine months ended December 31, 2021, the calculation of diluted earnings per share excluded 0.6 million and 0.2 million stock options and restricted stock awards, respectively, because they were anti-dilutive.

For the three and nine months ended December 31, 2020, the calculation of diluted earnings per share excluded 1.4 million and 1.5 million stock options, respectively, because they were anti-dilutive.  In addition, the calculation for the three and nine months ended December 31, 2020 excluded 0.5 million and 0.6 million restricted stock awards, respectively, because they were anti-dilutive. For the three months and nine months ended December 31, 2020, the total number of potentially-dilutive securities was 0.2 million and 0.1 million, respectively.  However, these securities were not included in the computation of diluted net loss per share since to do so would have decreased the loss per share.