v3.8.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Mar. 31, 2017
Current assets:    
Cash and cash equivalents $ 33,879 $ 42,842
Investments 1,022 44,786
Accounts receivable, net of allowance for doubtful accounts of $1,231 and $518 as of March 31, 2018 and 2017, respectively 94,411 63,719
Inventories, net 63,829 34,020
Costs and estimated earnings in excess of billings on uncompleted contracts 16,114 4,973
Prepaid expenses and other current assets 9,054 5,806
Income tax receivable 1,885 2,028
Total current assets 220,194 198,174
Property, plant and equipment, net 74,485 43,266
Goodwill 210,566 122,521
Intangible assets, net 151,434 86,178
Deferred income taxes 3,425 2,823
Other long term assets 2,373 1,118
Total assets 662,477 454,080
Current liabilities:    
Accounts payable 22,995 15,683
Accrued liabilities 22,810 13,142
Current portion of long term debt 2,500 20,250
Billings in excess of costs and estimated earnings on uncompleted contracts 8,143 2,767
Income taxes payable 5,952 481
Total current liabilities 62,400 52,323
Long-term debt, net of current maturities and deferred debt issuance costs and debt discounts of $7,967 and $524 as of March 31, 2018 and 2017, respectively 214,533 60,226
Deferred income taxes 34,252 25,661
Other noncurrent liabilities 10,439 3,368
Total liabilities 321,624 141,578
Equity    
Common stock: $.001 par value; 150,000,000 authorized; 32,492,339 and 32,365,553 shares issued and outstanding at March 31, 2018 and 2017, respectively 32 32
Preferred stock: $.001 par value; 10,000,000 authorized; no shares issued and outstanding 0 0
Additional paid in capital 222,622 219,284
Accumulated other comprehensive loss (36,541) (48,335)
Retained earnings 148,812 136,899
Total Thermon Group Holdings, Inc. shareholders' equity 334,925 307,880
Non-controlling interests 5,928 4,622
Total equity 340,853 312,502
Total liabilities and equity $ 662,477 $ 454,080

Source