Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Mar. 31, 2017
Current assets:    
Cash and cash equivalents $ 51,171 $ 42,842
Investments 1,031 44,786
Accounts receivable, net of allowance for doubtful accounts of $1,029 and $518 as of December 31, 2017 and March 31, 2017, respectively 85,456 63,719
Inventories, net 65,068 34,020
Costs and estimated earnings in excess of billings on uncompleted contracts 13,379 4,973
Prepaid expenses and other current assets 8,848 5,806
Income tax receivable 1,267 2,028
Total current assets 226,220 198,174
Property, plant and equipment, net 73,750 43,266
Goodwill 216,198 122,521
Intangible assets, net 159,436 86,178
Deferred income taxes 2,901 2,823
Other long term assets 2,463 1,118
Total assets 680,968 454,080
Current liabilities:    
Accounts payable 23,323 15,683
Accrued liabilities 19,658 13,142
Current portion of long term debt 1,875 20,250
Billings in excess of costs and estimated earnings on uncompleted contracts 4,878 2,767
Income taxes payable 3,231 481
Total current liabilities 52,965 52,323
Long-term debt, net of current maturities and deferred debt issuance costs and debt discounts of $9,089 and $524 as of December 31, 2017 and March 31, 2017, respectively 239,036 60,226
Deferred income taxes 41,639 25,661
Other noncurrent liabilities 11,434 3,368
Total liabilities 345,074 141,578
Equity    
Common stock: $.001 par value; 150,000,000 authorized; 32,459,933 and 32,365,553 shares issued and outstanding at December 31, 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 221,597 219,284
Accumulated other comprehensive loss (33,878) (48,335)
Retained earnings 142,752 136,899
Total Thermon Group Holdings, Inc. shareholders' equity 330,503 307,880
Non-controlling interests 5,391 4,622
Total equity 335,894 312,502
Total liabilities and equity $ 680,968 $ 454,080