v3.21.1
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2019
Income Statement [Abstract]      
Sales $ 276,181 $ 383,486 $ 412,642
Cost of sales 158,938 221,848 236,702
Gross profit 117,243 161,638 175,940
Operating expenses:      
Marketing, general, administrative, and engineering 91,398 111,202 106,660
Amortization of intangible assets 9,445 17,773 20,771
Restructuring and other charges/(income) 8,623 0 0
Income from operations 7,777 32,663 48,509
Other income/(expenses):      
Interest income 76 252 238
Interest expense (10,261) (14,279) (15,714)
Other income/(expense) 2,135 (1,558) 109
Income/(loss) before provision for income taxes (273) 17,078 33,142
Income tax expense/(benefit) (1,438) 5,142 9,973
Net income/(loss) 1,165 11,936 23,169
Income (loss) attributable to non-controlling interests 0 (2) 413
Net income/(loss) available to Thermon Group Holdings, Inc. 1,165 11,938 22,756
Other comprehensive income (loss):      
Net income/(loss) available to Thermon Group Holdings, Inc. 1,165 11,938 22,756
Foreign currency translation adjustment 28,615 (15,485) (13,233)
Other (640) 540 825
Total comprehensive income (loss) $ 29,140 $ (3,007) $ 10,348
Net income/(loss) per common share:      
Basic (in dollars per share) $ 0.04 $ 0.36 $ 0.70
Diluted (in dollars per share) $ 0.03 $ 0.36 $ 0.69
Weighted-average shares used in computing net income/(loss) per common share:      
Basic (in shares) 33,134,592 32,760,327 32,568,541
Diluted (in shares) 33,340,954 33,148,670 33,054,304

Source