Annual report pursuant to Section 13 and 15(d)

Net Income per Common Share (Tables)

v3.21.1
Net Income per Common Share (Tables)
 12 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Schedule of reconciliation of the denominators used to calculate basic EPS and diluted EPS
The reconciliations of the denominators used to calculate basic net income per common share and diluted net income per common share for fiscal 2021, 2020, and 2019, respectively, is as follows:
Year Ended March 31, 2021 Year Ended March 31, 2020 Year Ended March 31, 2019
Basic net income per common share
Net income available to Thermon Group Holdings, Inc. $ 1,165  $ 11,938  $ 22,756 
Weighted-average common shares outstanding 33,134,592  32,760,327  32,568,541 
Basic net income per common share $ 0.04  $ 0.36  $ 0.70 
Year Ended March 31, 2021 Year Ended March 31, 2020 Year Ended March 31, 2019
Diluted net income per common share    
Net income available to Thermon Group Holdings, Inc. $ 1,165  $ 11,938  $ 22,756 
Weighted-average common shares outstanding 33,134,592  32,760,327  32,568,541 
Common share equivalents:
Stock options issued 27,306  134,777  235,802 
Restricted and performance stock units issued 179,056  253,566  249,961 
Weighted average shares outstanding – dilutive 33,340,954  33,148,670  33,054,304 
Diluted net income per common share $ 0.03  $ 0.36  $ 0.69