v3.19.3.a.u2
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]        
Sales $ 100,468 $ 119,356 $ 295,115 $ 298,412
Cost of sales 56,988 68,473 169,061 167,441
Gross profit 43,480 50,883 126,054 130,971
Operating expenses:        
Marketing, general and administrative and engineering 26,554 28,109 82,402 80,012
Amortization of intangible assets 4,460 4,887 13,354 16,160
Income from operations 12,466 17,887 30,298 34,799
Other income/(expenses):        
Interest income 57 24 173 147
Interest expense (3,595) (3,885) (11,316) (11,473)
Other income/(expenses) (62) (155) (1) 73
Income before provision for income taxes 8,866 13,871 19,154 23,546
Income tax expense 2,344 4,154 4,250 7,126
Net income 6,522 9,717 14,904 16,420
Income (loss) attributable to non-controlling interests 0 (2) (2) 432
Net income available to Thermon Group Holdings, Inc. 6,522 9,719 14,906 15,988
Comprehensive income (loss):        
Net income available to Thermon Group Holdings, Inc. 6,522 9,719 14,906 15,988
Foreign currency translation adjustment 6,099 (10,077) 5,721 (15,138)
Other 0 0 337 0
Comprehensive income $ 12,621 $ (358) $ 20,964 $ 850
Net Income per common share:        
Basic (in dollars per share) $ 0.20 $ 0.30 $ 0.46 $ 0.49
Diluted (in dollars per share) $ 0.20 $ 0.29 $ 0.45 $ 0.48
Weighted-average shares used in computing net income per common share:        
Basic (in shares) 32,785,753 32,595,259 32,716,317 32,556,157
Diluted (in shares) 33,258,937 33,116,481 33,124,580 33,000,326

Source