Thermon Group Holdings, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings and Net Income (Loss) per Common Share (Tables)

Earnings and Net Income (Loss) per Common Share (Tables)

3 Months Ended

Jun. 30, 2020

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 (loss) per common share for the three months ended June 30, 2020 and 2019, respectively, are as follows:


	Three Months Ended June 30, 2020		Three Months Ended June 30, 2019
Basic net income per common share
Net income (loss) available to Thermon Group Holdings, Inc.	$	(6,085)	$	1,471
Weighted-average common shares outstanding	32,986,451		32,635,295
Basic net income (loss) per common share	$	(0.18)	$	0.05


	Three Months Ended June 30, 2020		Three Months Ended June 30, 2019
Diluted net income per common share
Net income (loss) available to Thermon Group Holdings, Inc.	$	(6,085)	$	1,471
Weighted-average common shares outstanding	32,986,451		32,635,295
Common share equivalents:
Stock options	—		208,220
Restricted and performance stock units	—		208,408
Weighted average shares outstanding – dilutive (1)	32,986,451		33,051,923
Diluted net income (loss) per common share (2)	$	(0.18)	$	0.04

(1) For the three months ended June 30, 2020 and 2019, 283,612 and 13,074 equity awards, respectively, were not included in the calculation of diluted net income per common share, as they would have had an anti-dilutive effect.

(2) As the Company incurred a net loss for the three months ended June 30, 2020, there was no dilutive effect on net loss per common share as common share equivalents are antidilutive. Therefore, both basic and diluted net loss per common share were $(0.18) for the three months ended June 30, 2020.