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

Annual report pursuant to Section 13 and 15(d)

Net Income per Common Share (Tables)

Net Income per Common Share (Tables)

12 Months Ended

Mar. 31, 2024

Schedule of Reconciliation of the Denominators used to Calculate Basic Net Income per Common Share and Diluted Net Income per Common Share

The reconciliations of the denominators used to calculate basic net income per common share and diluted net income per common share for fiscal 2024, 2023, and 2022, respectively, is as follows:


	Year Ended March 31, 2024		Year Ended March 31, 2023		Year Ended March 31, 2022
Basic net income per common share
Net income	$	51,588	$	33,666	$	20,092
Weighted-average common shares outstanding	33,670,861		33,468,632		33,308,045
Basic net income per common share	$	1.53	$	1.01	$	0.60


	Year Ended March 31, 2024		Year Ended March 31, 2023		Year Ended March 31, 2022
Diluted net income per common share
Net income	$	51,588	$	33,666	$	20,092
Weighted-average common shares outstanding	33,670,861		33,468,632		33,308,045
Common share equivalents:
Stock options issued	29,295		7,512		2,231
Restricted and performance stock units issued	366,831		269,792		204,285
Weighted average shares outstanding – dilutive	34,066,987		33,745,936		33,514,561
Diluted net income per common share	$	1.51	$	1.00	$	0.60