Thermon Group Holdings, Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

Net Income per Common Share (Tables)

Net Income per Common Share (Tables)

12 Months Ended

Mar. 31, 2026

Schedule of Reconciliation of the Denominators used to Calculate Basic Net Income per Common Share and Diluted Net Income per Common Share

The reconciliations of the denominators used to calculate basic net income per common share and diluted net income per common share for fiscal 2026, 2025, and 2024, respectively, are as follows:


	Year Ended March 31, 2026		Year Ended March 31, 2025		Year Ended March 31, 2024
Basic net income per common share
Net income	$	44,571	$	53,515	$	51,588
Weighted-average common shares outstanding	32,540,731		33,707,804		33,670,861
Basic net income per common share	$	1.37	$	1.59	$	1.53


	Year Ended March 31, 2026		Year Ended March 31, 2025		Year Ended March 31, 2024
Diluted net income per common share
Net income	$	44,571	$	53,515	$	51,588
Weighted-average common shares outstanding	32,540,731		33,707,804		33,670,861
Common share equivalents:
Stock options issued	21,821		27,784		29,295
Restricted and performance stock units issued	237,464		322,651		366,831
Weighted average shares outstanding – dilutive	32,800,016		34,058,239		34,066,987
Diluted net income per common share	$	1.36	$	1.57	$	1.51