Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Mar. 31, 2017
Current assets:    
Cash and cash equivalents $ 83,378 $ 42,842
Investments 5,066 44,786
Accounts receivable, net of allowance for doubtful accounts of $660 and $518 as of September 30, 2017 and March 31, 2017, respectively 55,923 63,719
Inventories, net 43,490 34,020
Costs and estimated earnings in excess of billings on uncompleted contracts 10,322 4,973
Prepaid expenses and other current assets 7,845 5,806
Income tax receivable 3,001 2,028
Total current assets 209,025 198,174
Property, plant and equipment, net 44,806 43,266
Goodwill 127,205 122,521
Intangible assets, net 82,946 86,178
Deferred income taxes 2,766 2,823
Other long term assets 991 1,118
Total assets 467,739 454,080
Current liabilities:    
Accounts payable 18,337 15,683
Accrued liabilities 12,438 13,142
Current portion of long term debt 20,250 20,250
Billings in excess of costs and estimated earnings on uncompleted contracts 4,174 2,767
Income taxes payable 892 481
Total current liabilities 56,091 52,323
Long-term debt, net of current maturities and deferred debt issuance costs of $363 and $524 as of September 30, 2017 and March 31, 2017, respectively 50,262 60,226
Deferred income taxes 24,863 25,661
Other noncurrent liabilities 3,653 3,368
Total liabilities 134,869 141,578
Equity    
Common stock: $.001 par value; 150,000,000 authorized; 32,434,909 and 32,365,553 shares issued and outstanding at September 30, 2017 and March 31, 2017, respectively 32 32
Preferred stock: $.001 par value; 10,000,000 authorized; no shares issued and outstanding 0 0
Additional paid in capital 220,578 219,284
Accumulated other comprehensive loss (35,053) (48,335)
Retained earnings 142,156 136,899
Total Thermon Group Holdings, Inc. shareholders' equity 327,713 307,880
Non-controlling interests 5,157 4,622
Total equity 332,870 312,502
Total liabilities and equity $ 467,739 $ 454,080