v3.10.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Mar. 31, 2018
Current assets:    
Cash and cash equivalents $ 28,481 $ 33,879
Investments 0 1,022
Accounts receivable, net of allowance for doubtful accounts of $1,430 and $1,231 as of September 30, 2018 and March 31, 2018, respectively 82,538 94,411
Inventories, net 74,255 63,829
Costs and estimated earnings in excess of billings on uncompleted contracts 21,902 16,114
Prepaid expenses and other current assets 9,978 9,054
Income tax receivable 3,401 1,885
Total current assets 220,555 220,194
Property, plant and equipment, net 74,427 74,485
Goodwill 209,349 210,566
Intangible assets, net 139,187 151,434
Deferred income taxes 3,042 3,425
Other long term assets 3,718 2,373
Total assets 650,278 662,477
Current liabilities:    
Accounts payable 23,643 22,995
Accrued liabilities 17,315 22,810
Current portion of long term debt 2,500 2,500
Borrowings under revolving credit facility 8,497 0
Billings in excess of costs and estimated earnings on uncompleted contracts 7,947 8,143
Income taxes payable 1,034 5,952
Total current liabilities 60,936 62,400
Long-term debt, net of current maturities and deferred debt issuance costs and debt discounts of $7,263 and $7,967 as of September 30, 2018 and March 31, 2018, respectively 210,987 214,533
Deferred income taxes 31,694 34,252
Other noncurrent liabilities 9,521 10,439
Total liabilities 313,138 321,624
Equity    
Common stock: $.001 par value; 150,000,000 authorized; 32,591,409 and 32,492,339 shares issued and outstanding at September 30, 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 217,691 222,622
Accumulated other comprehensive loss (41,602) (36,541)
Retained earnings 155,081 148,812
Total Thermon Group Holdings, Inc. shareholders' equity 331,203 334,925
Non-controlling interests 5,937 5,928
Total equity 337,140 340,853
Total liabilities and equity $ 650,278 $ 662,477

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