v3.20.1
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2018
Income Statement [Abstract]      
Sales $ 383,486 $ 412,642 $ 308,609
Cost of sales 221,848 236,702 164,798
Gross profit 161,638 175,940 143,811
Operating expenses:      
Marketing, general and administrative and engineering 111,202 106,660 94,615
Amortization of intangible assets 17,773 20,771 16,458
Income from operations 32,663 48,509 32,738
Other income/(expenses):      
Interest income 252 238 606
Interest expense (14,279) (15,714) (8,984)
Loss on extinguishment of debt 0 0 (376)
Other income/(expense) (1,558) 109 (5,595)
Income before provision for income taxes 17,078 33,142 18,389
Income tax expense 5,142 9,973 5,170
Net income 11,936 23,169 13,219
Income (loss) attributable to non-controlling interests (2) 413 1,306
Net income available to Thermon Group Holdings, Inc. 11,938 22,756 11,913
Other comprehensive income (loss):      
Net income available to Thermon Group Holdings, Inc. 11,938 22,756 11,913
Foreign currency translation adjustment (15,485) (13,233) 12,030
Derivative valuation, net of tax 0 0 34
Other 540 825 (270)
Total comprehensive income (loss) $ (3,007) $ 10,348 $ 23,707
Net income per common share:      
Basic (in dollars per share) $ 0.36 $ 0.70 $ 0.37
Diluted (in dollars per share) $ 0.36 $ 0.69 $ 0.36
Weighted-average shares used in computing net income per common share:      
Basic (in shares) 32,760,327 32,568,541 32,423,581
Diluted (in shares) 33,148,670 33,054,304 32,797,351

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