Thermon Group Holdings, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Net Income (Loss) per Common Share (Tables)

Net Income (Loss) per Common Share (Tables)

12 Months Ended

Mar. 31, 2015

Schedule of reconciliation of the denominators used to calculate basic EPS and diluted EPS

The reconciliation of the denominators used to calculate basic EPS and diluted EPS for fiscal 2015, fiscal 2014, and fiscal 2013, respectively, is as follows:



	Year Ended March 31, 2015		Year Ended March 31, 2014		Year Ended March 31, 2013
Basic net income per common share
Net income	$	49,386	$	25,799	$	26,974
Weighted-average common shares outstanding	32,027,115		31,595,019		30,796,675
Basic net income per common share	$	1.54	$	0.82	$	0.88



	Year Ended March 31, 2015		Year Ended March 31, 2014		Year Ended March 31, 2013
Diluted net income per common share
Net income	$	49,386	$	25,799	$	26,974
Weighted-average common shares outstanding	32,027,115		31,595,019		30,796,675
Common share equivalents:
Stock options issued	291,018		502,886		953,710
Restricted and performance stock units issued	89,133		56,007		46,445
Weighted average shares outstanding – dilutive	32,407,266		32,153,912		31,796,830
Diluted net income per common share	$	1.52	$	0.80	$	0.85

For the years ended March 31, 2015 and 2014, 48,728 and 168,118 equity awards, respectively, were not included in the calculation of diluted net income per common share since they would have had an anti-dilutive effect. In fiscal 2013, all equity awards were dilutive and included in the calculation above.