v3.19.3
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Sales $ 102,935 $ 90,154 $ 194,647 $ 179,056
Cost of sales 57,503 49,795 112,073 98,968
Gross profit 45,432 40,359 82,574 80,088
Operating expenses:        
Marketing, general and administrative and engineering 28,130 26,191 55,848 51,903
Amortization of intangible assets 4,461 5,496 8,894 11,273
Income from operations 12,841 8,672 17,832 16,912
Other income/(expenses):        
Interest income 65 48 116 123
Interest expense (3,951) (3,985) (7,721) (7,588)
Other income/(expenses) (172) 346 61 228
Income before provision for income taxes 8,783 5,081 10,288 9,675
Income tax expense 1,862 1,756 1,906 2,972
Net income 6,921 3,325 8,382 6,703
Income (loss) attributable to non-controlling interests 9 98 (1) 434
Net income available to Thermon Group Holdings, Inc. 6,912 3,227 8,383 6,269
Comprehensive income (loss):        
Net income available to Thermon Group Holdings, Inc. 6,912 3,227 8,383 6,269
Foreign currency translation adjustment (4,813) 3,206 (378) (5,061)
Other 337 0 337 0
Comprehensive income $ 2,436 $ 6,433 $ 8,342 $ 1,208
Net Income per common share:        
Basic (in dollars per share) $ 0.21 $ 0.10 $ 0.26 $ 0.19
Diluted (in dollars per share) $ 0.21 $ 0.10 $ 0.25 $ 0.19
Weighted-average shares used in computing net income per common share:        
Basic (in shares) 32,727,023 32,571,432 32,681,410 32,536,499
Diluted (in shares) 33,244,387 33,102,803 33,111,778 32,970,494

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