v3.19.3.a.u2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Mar. 31, 2019
Current assets:    
Cash and cash equivalents $ 37,054 $ 31,402
Accounts receivable, net of allowance for doubtful accounts of $968 and $987 as of September 30, 2019 and March 31, 2019, respectively 97,011 105,323
Inventories, net 63,789 64,890
Costs and estimated earnings in excess of billings on uncompleted contracts 16,644 26,454
Prepaid expenses and other current assets 10,731 7,320
Income tax receivable 1,167 4,389
Total current assets 226,396 239,778
Property, plant and equipment, net 74,205 74,955
Goodwill 208,293 204,995
Intangible assets, net 115,409 126,596
Operating 14,181  
Deferred income taxes 3,113 3,829
Other long term assets 5,120 5,609
Total assets 646,717 655,762
Current liabilities:    
Accounts payable 23,259 22,705
Accrued liabilities 21,387 27,848
Current portion of long term debt 2,500 2,500
Borrowings under revolving credit facility 3,080 11,225
Contract liabilities 5,418 6,814
Lease liabilities 2,465 235
Income taxes payable 2,382 1,961
Total current liabilities 60,491 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 171,382 197,729
Deferred income taxes 24,074 28,139
Non-current lease liabilities 13,638 386
Other noncurrent liabilities 8,088 7,271
Total liabilities 277,673 306,813
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 226,375 223,040
Accumulated other comprehensive loss (42,891) (48,949)
Retained earnings 185,527 170,621
Total Thermon Group Holdings, Inc. shareholders' equity 369,044 344,745
Non-controlling interests 0 4,204
Total equity 369,044 348,949
Total liabilities and equity $ 646,717 $ 655,762

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