Thermon Group Holdings, Inc. Annual report pursuant to Section 13 and 15(d)

Organization and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Mar. 31, 2016

The following table summarizes the annual changes in our allowance for doubtful accounts:



Balance at March 31, 2013		$	1,141
	Reduction in reserve	(175		)
	Write-off of uncollectible accounts	(215		)
Balance at March 31, 2014		751
	Additions charged to expense	175
	Write-off of uncollectible accounts	(141		)
Balance at March 31, 2015		785
	Additions charged to expense	214
	Write-off of uncollectible accounts	(343		)
Balance at March 31, 2016		$	656

Depreciation is computed using the straight-line method over the following lives:



	Useful Lives in Years
Land improvements	15	-	20
Buildings and improvements	10	-	40
Machinery and equipment	3	-	25
Office furniture and equipment	3	-	10
Internally developed software	5	-	7

Property, plant and equipment consisted of the following at March 31:



	2016			2015
Land, buildings and improvements	$	24,503		$	19,046
Machinery and equipment	18,474			14,482
Office furniture and equipment	7,760			3,877
Internally developed software	3,188			1,789
Construction in progress	2,889			6,614
Property, plant and equipment at cost	56,814			45,808
Accumulated depreciation	(15,197		)	(10,984		)
Property, plant and equipment, net	$	41,617		$	34,824