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)

6 Months Ended

Sep. 30, 2014

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 EPS for the three and six months ended September 30, 2014 and 2013, respectively, are as follows:



	Three Months Ended September 30, 2014		Three Months Ended September 30, 2013		Six Months Ended September 30, 2014		Six Months Ended September 30, 2013
Basic net income per common share
Net income	$	11,748	$	10,572	$	23,282	$	3,634
Weighted-average common shares outstanding	32,033,333		31,486,481		31,988,679		31,520,603
Basic net income per common share	$	0.37	$	0.34	$	0.73	$	0.12



	Three Months Ended September 30, 2014		Three Months Ended September 30, 2013		Six Months Ended September 30, 2014		Six Months Ended September 30, 2013
Diluted net income per common share
Net income	$	11,748	$	10,572	$	23,282	$	3,634
Weighted-average common shares outstanding	32,033,333		31,486,481		31,988,679		31,520,603
Common share equivalents:
Stock options	277,703		588,673		290,284		582,766
Restricted and performance stock units	128,566		30,557		122,632		29,219
Weighted average shares outstanding – dilutive (1)	32,439,602		32,105,711		32,401,595		32,132,588
Diluted net income per common share	$	0.36	$	0.33	$	0.72	$	0.11

(1) For the three months and six months ended September 30, 2014, 48,728 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 six months ended September 30, 2013, 170,952 equity awards were not included in the calculation of diluted net income per common share since they would have had an anti-dilutive effect.