| Schedule of reconciliation of the denominators used to calculate basic EPS and diluted EPS |
The reconciliations of the denominators used to calculate basic and diluted net income per common share for the three months ended June 30, 2016 and 2015, respectively, are as follows:
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Three Months Ended June 30, 2016 |
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Three Months Ended June 30, 2015 |
Basic net income per common share |
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Net income available to Thermon Group Holdings, Inc. |
$ |
2,526 |
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$ |
4,429 |
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Weighted-average common shares outstanding |
32,232,340 |
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32,103,274 |
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Basic net income per common share |
$ |
0.08 |
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$ |
0.14 |
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Three Months Ended June 30, 2016 |
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Three Months Ended June 30, 2015 |
Diluted net income per common share |
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Net income available to Thermon Group Holdings, Inc. |
$ |
2,526 |
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$ |
4,429 |
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Weighted-average common shares outstanding |
32,232,340 |
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32,103,274 |
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Common share equivalents: |
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Stock options |
227,134 |
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253,895 |
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Restricted and performance stock units |
234,761 |
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134,835 |
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Weighted average shares outstanding – dilutive (1) |
32,694,235 |
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32,492,004 |
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Diluted net income per common share |
$ |
0.08 |
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$ |
0.14 |
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(1) For the three months ended June 30, 2016 and 2015, 47,706 and 69,613 equity awards were not included in the calculation of diluted net income per common share, respectively, as they would have an anti-dilutive effect.
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