Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Income (Loss)

v3.4.0.3
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2014
Income Statement [Abstract]      
Sales $ 281,928 $ 308,578 $ 277,323
Cost of sales 150,613 153,874 142,153
Gross profit 131,315 154,704 135,170
Operating expenses:      
Marketing, general and administrative and engineering 80,729 76,868 65,463
Amortization of intangible assets 12,754 10,775 11,090
Selling General and Administrative Expense, Amortization 12,112 10,775 11,090
Impairment of intangible assets and goodwill 1,713 0 0
Income from operations 36,761 67,061 58,617
Other income/(expenses):      
Interest income 423 460 246
Interest expense (4,142) (4,565) (10,019)
Loss on retirement of senior secured notes 0 0 (15,485)
Other expense (676) (394) (596)
Income before provision for income taxes 32,366 62,562 32,763
Income tax expense 8,716 13,176 6,964
Net income 23,650 49,386 25,799
Income attributable to non-controlling interests 641 0 0
Net income available to Thermon Group Holdings, Inc. 23,009 49,386 25,799
Other comprehensive income:      
Net income available to Thermon Group Holdings, Inc. 23,009 49,386 25,799
Foreign currency translation adjustment (3,242) (32,667) (6,724)
Derivative valuation, net of tax (340) (404) 70
Other 413 (449) 0
Total comprehensive income $ 19,840 $ 15,866 $ 19,145
Net income per common share:      
Basic (in dollars per share) $ 0.72 $ 1.54 $ 0.82
Earnings Per Share, Diluted $ 0.71 $ 1.52 $ 0.80
Weighted-average shares used in computing net income per common share:      
Basic (in shares) 32,176,925 32,027,115 31,595,019
Diluted (in shares) 32,592,646 32,407,266 32,153,912