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)

9 Months Ended

Dec. 31, 2013

Schedule of reconciliation of the denominators used to calculate basic EPS and diluted EPS

The reconciliations of the denominators used to calculate basic EPS and diluted EPS for the three and nine months ended December 31, 2013 and 2012, respectively, are as follows:



	Three Months Ended December 31, 2013		Three Months Ended December 31, 2012		Nine Months Ended December 31, 2013		Nine Months Ended December 31, 2012
Basic net income per common share
Net income	$	12,583	$	7,738	$	16,217	$	21,325
Weighted-average common shares outstanding	31,689,887		30,947,064		31,506,745		30,672,803
Basic net income per common share	$	0.40	$	0.25	$	0.51	$	0.70



	Three Months Ended December 31, 2013		Three Months Ended December 31, 2012		Nine Months Ended December 31, 2013		Nine Months Ended December 31, 2012
Diluted net income per common share
Net income	$	12,583	$	7,738	$	16,217	$	21,325
Weighted-average common shares outstanding	31,689,887		30,947,064		31,506,745		30,672,803
Common share equivalents:
Stock options	473,364		868,110		543,376		1,028,056
Restricted and performance stock units	61,308		55,923		36,449		24,865
Weighted average shares outstanding – dilutive (1)	32,224,559		31,871,097		32,086,570		31,725,724
Diluted net income per common share	$	0.39	$	0.24	$	0.51	$	0.67

(1) 50,307 and 168,211 equity awards were not included in the calculation of diluted net income per common share since they would have had an anti-dilutive effect for the three and nine months ended December 31, 2013, respectively. For the three and nine months ended December 31, 2012 56,532, equity awards were not included in the calculation of diluted net income per common share as they were anti-dilutive.