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

Annual report pursuant to Section 13 and 15(d)

Inventories

Inventories

12 Months Ended

Mar. 31, 2012

Inventories

Inventories

3. Inventories

Inventories consisted of the following at March 31:

	Successor			Successor
	2012			2011
Raw materials	$	11,721		$	9,847
Work in progress	1,402			2,307
Finished goods	26,424			20,669
	39,547			32,823
Valuation reserves	(1,094		)	(1,705		)
Net inventory	$	38,453		$	31,118

The following table summarizes the annual changes in our valuation reserve accounts:

Predecessor:
Balance at March 31, 2009	$	1,353
Additions charged to expense	173
Charged to reserve	(354		)
Balance at March 31, 2010	1,172
Additions charged to expense	42
Charged to reserve	(16		)
Balance at April 30, 2010	$	1,198
Successor:
Balance at May 1, 2010	$	1,198
Additions charged to expense	507
Balance at March 31, 2011	$	1,705
Reduction in reserve (reducing cost of goods sold)	(594		)
Charged to reserve	(17		)
Balance at March 31, 2012	$	1,094

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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