Thermon Group Holdings, Inc. Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

3 Months Ended

Jun. 30, 2018

Information about our investments and long-term debt that is not measured at fair value is as follows:



	June 30, 2018						March 31, 2018
	Carrying Value			Fair Value			Carrying Value		Fair Value		Valuation Technique
Financial Assets
Certificates of deposits with maturities greater than 90 days	$	152		$	152		$	1,022	$	1,022	Level 2 - Market Approach
Financial Liabilities
Outstanding principal amount of senior secured credit facility	$	224,375		$	224,375		$	225,000	$	225,000	Level 2 - Market Approach
Outstanding borrowings from revolving line of credit	$	5,519		$	5,519		$	—	$	—	Level 2 - Market Approach
Long-term cross currency swap derivative contract (receivable)	$	(814	)	$	(814	)	$	1,540	$	1,540	Level 2 - Market Approach

As of June 30, 2018 and March 31, 2018, the notional amounts of forward contracts were as follows:



Notional amount of foreign currency forward contracts by currency
	June 30, 2018		March 31, 2018
Russian Ruble	$	1,500	$	2,416
Euro	1,000		750
Canadian Dollar	4,000		4,000
South Korean Won	3,000		10,500
Mexican Peso	200		200
Australian Dollar	650		850
Total notional amounts	$	10,350	$	18,716

The following table represents the fair value of our foreign currency forward contracts:



	June 30, 2018				March 31, 2018
	Fair Value				Fair Value
	Assets		Liabilities		Assets		Liabilities
Foreign currency forward contracts	$	24	$	131	$	229	$	25