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

Leases (Tables)

3 Months Ended

Jun. 30, 2019

Supplemental statement of operations information related to leases was as follows:



Lease expense	Classification	Three Months Ended June 30, 2019
Operating lease expense	Marketing, general and administrative and engineering	$	808

Finance lease expense:
Amortization of ROU assets	Marketing, general and administrative and engineering	59
Interest expense on finance lease liabilities	Interest expense	13

Short-term lease expense	Marketing, general and administrative and engineering	463
Net lease expense		$	1,343

Supplement statement of cash flows information related to leases was as follows:



Cash paid for amounts included in the measurement of lease liabilities	Three Months Ended June 30, 2019
Operating cash from operating leases	$	718
Operating cash flows from finance leases	10
Financing cash flows from finance leases	38



Lease Term and Discount Rate	June 30, 2019
Weighted average remaining lease term
Operating	6.9
Finance	2.6

Weighted average discount rate
Operating	4.60	%
Finance	7.89	%

Supplemental balance sheet information related to leases was as follows:



Assets	Classification	June 30, 2019
Operating	Operating lease right-of-use assets	$	14,435
Finance	Property, plant and equipment	453
Total right-of-use assets		$	14,888

Liabilities
Current
Operating	Lease liabilities	$	2,104
Finance	Lease liabilities	218
Non-current
Operating	Non-current lease liabilities	13,567
Finance	Non-current lease liabilities	259
Total lease liabilities		$	16,148

Future lease payments under non-cancellable operating leases as of June 30, 2019 were as follows:

Future lease payments under non-cancellable operating leases as of June 30, 2019 were as follows: