Fiscal Year Ended March 31, | |||||||||||||||||||||
2013 | 2014 | 2015 | 2016 | 2017 | |||||||||||||||||
Earnings | |||||||||||||||||||||
Income from continuing operations before provision for income taxes | $ | 41,550 | $ | 32,763 | $ | 62,562 | $ | 32,366 | $ | 19,082 | |||||||||||
Plus: Fixed Charges | |||||||||||||||||||||
Interest expense and amortization of premiums/discounts | 12,907 | 6,009 | 4,565 | 3,840 | 3,518 | ||||||||||||||||
Estimated interest component of rental expense (a) | 558 | 773 | 743 | 873 | 967 | ||||||||||||||||
Total Fixed Charges | $ | 13,465 | $ | 6,782 | $ | 5,308 | $ | 4,713 | $ | 4,485 | |||||||||||
Less: | |||||||||||||||||||||
Income attributable to non-controlling interest | — | — | — | 887 | 473 | ||||||||||||||||
Pre-tax income from continuing operations available to Thermon Group Holdings, Inc. plus fixed charges | $ | 55,015 | $ | 39,545 | $ | 67,870 | $ | 36,192 | $ | 23,094 | |||||||||||
Ratio of Earnings to Fixed Charges | 4.1 | x | 5.8 | x | 12.8 | x | 7.7 | x | 5.1 | x | |||||||||||
(a) | The registrant considers one-third of rent expense to be a reasonable estimate of the related interest expense. |