v3.19.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Mar. 31, 2019
Current assets:    
Cash and cash equivalents $ 39,014 $ 31,402
Accounts receivable, net of allowance for doubtful accounts of $968 and $987 as of September 30, 2019 and March 31, 2019, respectively 98,075 105,323
Inventories, net 65,779 64,890
Costs and estimated earnings in excess of billings on uncompleted contracts 15,822 26,454
Prepaid expenses and other current assets 10,669 7,320
Income tax receivable 5,239 4,389
Total current assets 234,598 239,778
Property, plant and equipment, net 74,580 74,955
Goodwill 205,515 204,995
Intangible assets, net 118,136 126,596
Operating 14,170  
Deferred income taxes 2,973 3,829
Other long term assets 5,718 5,609
Total assets 655,690 655,762
Current liabilities:    
Accounts payable 24,652 22,705
Accrued liabilities 22,251 27,848
Current portion of long term debt 2,500 2,500
Borrowings under revolving credit facility 9,439 11,225
Contract liabilities 5,409 6,814
Lease liabilities 2,669 235
Income taxes payable 1,780 1,961
Total current liabilities 68,700 73,288
Long-term debt, net of current maturities and deferred debt issuance costs and debt discounts of $5,432 and $6,271 as of September 30, 2019 and March 31, 2019, respectively 187,318 197,729
Deferred income taxes 24,688 28,139
Non-current lease liabilities 13,048 386
Other noncurrent liabilities 7,629 7,271
Total liabilities 301,383 306,813
Equity    
Common stock: $.001 par value; 150,000,000 authorized; 32,742,439 and 32,624,200 shares issued and outstanding at September 30, 2019 and March 31, 2019, respectively 33 33
Preferred stock: $.001 par value; 10,000,000 authorized; no shares issued and outstanding 0 0
Additional paid in capital 224,260 223,040
Accumulated other comprehensive loss (48,990) (48,949)
Retained earnings 179,004 170,621
Total Thermon Group Holdings, Inc. shareholders' equity 354,307 344,745
Non-controlling interests 0 4,204
Total equity 354,307 348,949
Total liabilities and equity $ 655,690 $ 655,762

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