Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Income (Loss)

v3.7.0.1
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2015
Income Statement [Abstract]      
Sales $ 264,130 $ 281,928 $ 308,578
Cost of sales 152,199 150,613 153,874
Gross profit 111,931 131,315 154,704
Operating expenses:      
Marketing, general and administrative and engineering 77,715 80,729 76,868
Amortization of intangible assets 11,772 12,112 10,775
Impairment of intangible assets and goodwill 0 1,713 0
Income from operations 22,444 36,761 67,061
Other income/(expenses):      
Interest income 566 423 460
Interest expense (3,518) (4,142) (4,565)
Other expense (410) (676) (394)
Income before provision for income taxes 19,082 32,366 62,562
Income tax expense 4,098 8,716 13,176
Net income 14,984 23,650 49,386
Income attributable to non-controlling interests 343 641 0
Net income available to Thermon Group Holdings, Inc. 14,641 23,009 49,386
Other comprehensive income:      
Net income available to Thermon Group Holdings, Inc. 14,641 23,009 49,386
Foreign currency translation adjustment (4,536) (3,242) (32,667)
Derivative valuation, net of tax 791 (340) (404)
Other (21) 413 (449)
Total comprehensive income $ 10,875 $ 19,840 $ 15,866
Net income per common share:      
Basic (in dollars per share) $ 0.45 $ 0.72 $ 1.54
Earnings Per Share, Diluted $ 0.45 $ 0.71 $ 1.52
Weighted-average shares used in computing net income per common share:      
Basic (in shares) 32,301,661 32,176,925 32,027,115
Diluted (in shares) 32,633,281 32,592,646 32,407,266