Related-Party Transactions |
3 Months Ended |
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Jun. 30, 2016 | |
| Related Party Transactions [Abstract] | |
| Related-Party Transactions |
Related-Party Transactions
In connection with the Sumac transaction, one of the former principals retained 25% of the ownership of the Sumac business unit. He is also serving as the general manager of the Sumac business unit as an employee of Thermon. During the three months ended June 30, 2016, he, along with the two other former principals of Sumac, was paid $5,805 in the aggregate related to the $5,905 non-interest bearing performance-based note issued in connection with the Sumac transaction.
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- References No definition available.
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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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