Earnings Per Share

6 Months Ended

Sep. 30, 2022

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,
	2022		2021		2022		2021
Net earnings attributable to Modine	$	24.4	$	0.4	$	38.7	$	2.7
Weighted-average shares outstanding - basic		52.2		52.0		52.2		51.9
Effect of dilutive securities		0.5		0.6		0.3		0.6
Weighted-average shares outstanding - diluted		52.7		52.6		52.5		52.5
Earnings per share:
Net earnings per share - basic	$	0.47	$	0.01	$	0.74	$	0.05
Net earnings per share - diluted	$	0.46	$	0.01	$	0.74	$	0.05

For both the three and six months ended September 30, 2022, the calculation of diluted earnings per share excluded 0.7 million and 0.1 million stock options and restricted stock awards, respectively, because they were anti-dilutive.

For both the three and six months ended September 30, 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.