v3.10.0.1
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Income Statement [Abstract]        
Sales $ 119,356 $ 92,660 $ 298,412 $ 206,027
Cost of sales 68,473 50,446 167,441 109,039
Gross profit 50,883 42,214 130,971 96,988
Operating expenses:        
Marketing, general and administrative and engineering 28,109 27,251 80,012 67,089
Amortization of intangible assets 4,887 4,753 16,160 10,714
Income from operations 17,887 10,210 34,799 19,185
Other income/(expenses):        
Interest income 24 161 147 553
Interest expense (3,885) (2,787) (11,473) (4,376)
Loss on extinguishment of debt 0 (376) 0 (376)
Other expense (155) (5,492) 73 (5,563)
Income before provision for income taxes 13,871 1,716 23,546 9,423
Income tax expense 4,154 883 7,126 2,798
Net income 9,717 833 16,420 6,625
Income (loss) attributable to non-controlling interests (2) 234 432 769
Net income available to Thermon Group Holdings, Inc. 9,719 599 15,988 5,856
Comprehensive income (loss):        
Net income available to Thermon Group Holdings, Inc. 9,719 599 15,988 5,856
Foreign currency translation adjustment (10,077) 1,175 (15,138) 14,457
Derivative valuation, net of tax 0 0 0 7
Comprehensive income (loss) $ (358) $ 1,774 $ 850 $ 20,320
Net Income per common share:        
Basic (in dollars per share) $ 0.30 $ 0.02 $ 0.49 $ 0.18
Diluted (in dollars per share) $ 0.29 $ 0.02 $ 0.48 $ 0.18
Weighted-average shares used in computing net income per common share:        
Basic (in shares) 32,595,259 32,447,838 32,556,157 32,408,608
Diluted (in shares) 33,116,481 32,914,372 33,000,326 32,762,542

Source