| 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 EPS for the three and six months ended September 30, 2015 and 2014, respectively, are as follows:
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Three Months Ended September 30, 2015 |
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Three Months Ended September 30, 2014 |
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Six Months Ended September 30, 2015 |
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Six Months Ended September 30, 2014 |
Basic net income per common share |
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Net income available to Thermon Group Holdings, Inc. |
$ |
6,896 |
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$ |
11,748 |
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$ |
11,325 |
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$ |
23,282 |
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Weighted-average common shares outstanding |
32,133,338 |
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32,033,333 |
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32,164,678 |
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31,988,679 |
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Basic net income per common share |
$ |
0.21 |
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$ |
0.37 |
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$ |
0.35 |
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$ |
0.73 |
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Three Months Ended September 30, 2015 |
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Three Months Ended September 30, 2014 |
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Six Months Ended September 30, 2015 |
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Six Months Ended September 30, 2014 |
Diluted net income per common share |
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Net income available to Thermon Group Holdings, Inc. |
$ |
6,896 |
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$ |
11,748 |
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$ |
11,325 |
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$ |
23,282 |
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Weighted-average common shares outstanding |
32,133,338 |
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32,033,333 |
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32,164,678 |
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31,988,679 |
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Common share equivalents: |
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Stock options |
250,672 |
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277,703 |
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254,037 |
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290,284 |
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Restricted and performance stock units |
151,374 |
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128,566 |
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153,149 |
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122,632 |
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Weighted average shares outstanding – dilutive (1) |
32,535,384 |
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32,439,602 |
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32,571,864 |
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32,401,595 |
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Diluted net income per common share |
$ |
0.21 |
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$ |
0.36 |
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$ |
0.35 |
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$ |
0.72 |
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(1) For the three and six months ended September 30, 2015, 64,599 equity awards were not included in the calculation of diluted net income per common share since they would have had an anti-dilutive effect. For the three and six months ended September 30, 2014, 48,728 equity awards were not included in the calculation of diluted net income per common share since they would have had an anti-dilutive effect.
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