| 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 net income per common share for the three and six months ended September 30, 2019 and 2018, respectively, are as follows:
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Three Months Ended September 30, 2019 |
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Three Months Ended September 30, 2018 |
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Six Months Ended September 30, 2019 |
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Six Months Ended September 30, 2018 |
Basic net income per common share |
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Net income available to Thermon Group Holdings, Inc. |
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$ |
6,912 |
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$ |
3,227 |
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$ |
8,383 |
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$ |
6,269 |
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Weighted-average common shares outstanding |
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32,727,023 |
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32,571,432 |
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32,681,410 |
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32,536,499 |
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Basic net income per common share |
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$ |
0.21 |
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$ |
0.10 |
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$ |
0.26 |
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$ |
0.19 |
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Three Months Ended September 30, 2019 |
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Three Months Ended September 30, 2018 |
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Six Months Ended September 30, 2019 |
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Six Months Ended September 30, 2018 |
Diluted net income per common share |
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Net income available to Thermon Group Holdings, Inc. |
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$ |
6,912 |
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$ |
3,227 |
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$ |
8,383 |
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$ |
6,269 |
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Weighted-average common shares outstanding |
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32,727,023 |
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32,571,432 |
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32,681,410 |
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32,536,499 |
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Common share equivalents: |
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Stock options |
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201,730 |
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219,205 |
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205,359 |
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218,521 |
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Restricted and performance stock units |
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315,634 |
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312,166 |
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225,009 |
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215,474 |
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Weighted average shares outstanding – dilutive (1) |
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33,244,387 |
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33,102,803 |
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33,111,778 |
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32,970,494 |
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Diluted net income per common share |
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$ |
0.21 |
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$ |
0.10 |
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$ |
0.25 |
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$ |
0.19 |
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(1)
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