v3.20.4
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]        
Sales $ 79,604 $ 100,468 $ 202,858 $ 295,115
Cost of sales 42,644 56,988 112,848 169,061
Gross profit 36,960 43,480 90,010 126,054
Operating expenses:        
Marketing, general and administrative and engineering 20,882 26,554 67,602 82,402
Amortization of intangible assets 2,135 4,460 7,265 13,354
Restructuring and other charges/(income) 3,783 0 8,692 0
Income (loss) from operations 10,160 12,466 6,451 30,298
Other income/(expenses):        
Interest income 16 57 58 173
Interest expense (2,449) (3,595) (7,462) (11,316)
Other income/(expense) 874 (62) 2,188 (1)
Income (loss) before provision for income taxes 8,601 8,866 1,235 19,154
Income tax expense (benefit) 2,426 2,344 (693) 4,250
Net income (loss) 6,175 6,522 1,928 14,904
Income (loss) attributable to non-controlling interests 0 0 0 (2)
Net income (loss) available to Thermon Group Holdings, Inc. 6,175 6,522 1,928 14,906
Comprehensive income (loss):        
Net loss available to Thermon Group Holdings, Inc. 6,175 6,522 1,928 14,906
Foreign currency translation adjustment 14,516 6,099 29,245 5,721
Other miscellaneous income/(loss) (152) 0 (731) 337
Comprehensive income $ 20,539 $ 12,621 $ 30,442 $ 20,964
Net income (loss) per common share:        
Basic (in dollars per share) $ 0.19 $ 0.20 $ 0.06 $ 0.46
Diluted (in dollars per share) $ 0.18 $ 0.20 $ 0.06 $ 0.45
Weighted-average shares used in computing net income per common share:        
Basic (in shares) 33,180,562 32,785,753 33,110,877 32,716,317
Diluted (in shares) 33,419,573 33,258,937 33,234,357 33,124,580

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