v3.20.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2020
Mar. 31, 2019
Statement of Financial Position [Abstract]    
Operating lease right-of-use assets $ 16,637,000 $ 0
Current assets:    
Cash and cash equivalents 43,237,000 31,402,000
Accounts receivable, net of allowance for doubtful accounts of $834 and $987 as of March 31, 2020 and 2019, respectively 92,478,000 105,323,000
Inventories, net 60,273,000 64,890,000
Contract assets 10,194,000 26,454,000
Prepaid expenses and other current assets 9,219,000 7,320,000
Income tax receivable 2,535,000 4,389,000
Total current assets 217,936,000 239,778,000
Property, plant and equipment, net of depreciation and amortization of $43,550 and $38,414 as of March 31, 2020 and 2019, respectively 72,542,000 74,955,000
Goodwill 197,978,000 204,995,000
Intangible assets, net 104,546,000 126,596,000
Deferred income taxes 2,904,000 3,829,000
Other long term assets 8,362,000 5,609,000
Total assets 620,905,000 655,762,000
Current liabilities:    
Accounts payable 25,070,000 22,705,000
Accrued liabilities 23,757,000 27,848,000
Current portion of long term debt 2,500,000 2,500,000
Borrowings under revolving credit facility 0 11,225,000
Contract liabilities 4,538,000 6,814,000
Lease liabilities 3,553,000 235,000
Income taxes payable 1,217,000 1,961,000
Total current liabilities 60,635,000 73,288,000
Long-term debt, net of current maturities and deferred debt issuance costs and debt discounts of $4,447 and $6,271 as of March 31, 2020 and 2019, respectively 169,053,000 197,729,000
Deferred income taxes 22,245,000 28,139,000
Non-current lease liabilities 15,571,000 386,000
Other non-current liabilities 6,962,000 7,271,000
Total liabilities 274,466,000 306,813,000
Equity    
Common stock: $.001 par value; 150,000,000 authorized; 32,916,818 and 32,624,200 shares issued and outstanding at March 31, 2020 and 2019, respectively 33,000 33,000
Preferred stock: $.001 par value; 10,000,000 authorized; no shares issued and outstanding 0 0
Additional paid in capital 227,741,000 223,040,000
Accumulated other comprehensive loss (63,894,000) (48,949,000)
Retained earnings 182,559,000 170,621,000
Total Thermon Group Holdings, Inc. shareholders' equity 346,439,000 344,745,000
Non-controlling interests 0 4,204,000
Total equity 346,439,000 348,949,000
Total liabilities and equity $ 620,905,000 $ 655,762,000

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