v3.8.0.1
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2016
Income Statement [Abstract]      
Sales $ 308,609 $ 264,130 $ 281,928
Cost of sales 164,798 152,199 150,613
Gross profit 143,811 111,931 131,315
Operating expenses:      
Marketing, general and administrative and engineering 94,615 77,715 80,729
Amortization of intangible assets 16,458 11,772 12,112
Impairment of intangible assets and goodwill 0 0 1,713
Income from operations 32,738 22,444 36,761
Other income/(expenses):      
Interest income 606 566 423
Interest expense (8,984) (3,518) (4,142)
Loss on extinguishment of debt (376) 0 0
Other expense (5,595) (410) (676)
Income before provision for income taxes 18,389 19,082 32,366
Income tax expense 5,170 4,098 8,716
Net income 13,219 14,984 23,650
Income attributable to non-controlling interests 1,306 343 641
Net income available to Thermon Group Holdings, Inc. 11,913 14,641 23,009
Other comprehensive income:      
Net income available to Thermon Group Holdings, Inc. 11,913 14,641 23,009
Foreign currency translation adjustment 12,030 (4,536) (3,242)
Derivative valuation, net of tax 34 791 (340)
Other (270) (21) 413
Total comprehensive income $ 23,707 $ 10,875 $ 19,840
Net income per common share:      
Basic (in dollars per share) $ 0.37 $ 0.45 $ 0.72
Diluted (in dollars per share) $ 0.36 $ 0.45 $ 0.71
Weighted-average shares used in computing net income per common share:      
Basic (in shares) 32,423,581 32,301,661 32,176,925
Diluted (in shares) 32,797,351 32,633,281 32,592,646

Source