v3.19.2
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2017
Income Statement [Abstract]      
Sales $ 412,642 $ 308,609 $ 264,130
Cost of sales 236,702 164,798 152,199
Gross profit 175,940 143,811 111,931
Operating expenses:      
Marketing, general and administrative and engineering 106,660 94,615 77,715
Amortization of intangible assets 20,771 16,458 11,772
Income from operations 48,509 32,738 22,444
Other income/(expenses):      
Interest income 238 606 566
Interest expense (15,714) (8,984) (3,518)
Loss on extinguishment of debt 0 (376) 0
Other income/(expense) 109 (5,595) (410)
Income before provision for income taxes 33,142 18,389 19,082
Income tax expense 9,973 5,170 4,098
Net income 23,169 13,219 14,984
Income attributable to non-controlling interests 413 1,306 343
Net income available to Thermon Group Holdings, Inc. 22,756 11,913 14,641
Other comprehensive income (loss):      
Net income available to Thermon Group Holdings, Inc. 22,756 11,913 14,641
Foreign currency translation adjustment (13,233) 12,030 (4,536)
Derivative valuation, net of tax 0 34 791
Other 825 (270) (21)
Total comprehensive income $ 10,348 $ 23,707 $ 10,875
Net income per common share:      
Basic (in dollars per share) $ 0.70 $ 0.37 $ 0.45
Diluted (in dollars per share) $ 0.69 $ 0.36 $ 0.45
Weighted-average shares used in computing net income per common share:      
Basic (in shares) 32,568,541 32,423,581 32,301,661
Diluted (in shares) 33,054,304 32,797,351 32,633,281

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