v3.10.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Mar. 31, 2018
Current assets:    
Cash and cash equivalents $ 30,190 $ 33,879
Investments 0 1,022
Accounts receivable, net of allowance for doubtful accounts of $1,355 and $1,231 as of December 31, 2018 and March 31, 2018, respectively 101,328 94,411
Inventories, net 69,056 63,829
Costs and estimated earnings in excess of billings on uncompleted contracts 26,317 16,114
Prepaid expenses and other current assets 10,476 9,054
Income tax receivable 3,028 1,885
Total current assets 240,395 220,194
Property, plant and equipment, net 74,524 74,485
Goodwill 203,045 210,566
Intangible assets, net 129,717 151,434
Deferred income taxes 2,805 3,425
Other long term assets 3,314 2,373
Total assets 653,800 662,477
Current liabilities:    
Accounts payable 27,216 22,995
Accrued liabilities 22,433 22,810
Current portion of long term debt 2,500 2,500
Borrowings under revolving credit facility 6,231 0
Billings in excess of costs and estimated earnings on uncompleted contracts 11,384 8,143
Income taxes payable 2,093 5,952
Total current liabilities 71,857 62,400
Long-term debt, net of current maturities and deferred debt issuance costs and debt discounts of $6,965 and $7,967 as of December 31, 2018 and March 31, 2018, respectively 210,660 214,533
Deferred income taxes 28,814 34,252
Other noncurrent liabilities 4,723 10,439
Total liabilities 316,054 321,624
Equity    
Common stock: $.001 par value; 150,000,000 authorized; 32,597,389 and 32,492,339 shares issued and outstanding at December 31, 2018 and March 31, 2018, respectively 33 32
Preferred stock: $.001 par value; 10,000,000 authorized; no shares issued and outstanding 0 0
Additional paid in capital 219,584 222,622
Accumulated other comprehensive loss (51,679) (36,541)
Retained earnings 164,758 148,812
Total Thermon Group Holdings, Inc. shareholders' equity 332,696 334,925
Non-controlling interests 5,050 5,928
Total equity 337,746 340,853
Total liabilities and equity $ 653,800 $ 662,477

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