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

Leases (Tables)

12 Months Ended

Mar. 31, 2020

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



Cash paid for amounts included in the measurement of lease liabilities	Twelve Months Ended March 31, 2020
Operating cash used for operating leases	$	3,523
Operating cash flows used for finance leases	41
Financing cash flows used for finance leases	259



Lease Term and Discount Rate	March 31, 2020
Weighted average remaining lease term
Operating	6.2
Finance	3.4

Weighted average discount rate
Operating	4.82	%
Finance	6.98	%

Supplemental balance sheet information related to leases was as follows:



Assets	Classification	March 31, 2020
Operating	Operating lease right-of-use assets	$	16,637
Finance	Property, plant and equipment	695
Total right-of-use assets		$	17,332

Liabilities
Current
Operating	Lease liabilities	$	3,352
Finance	Lease liabilities	201
Non-current
Operating	Non-current lease liabilities	15,060
Finance	Non-current lease liabilities	511
Total lease liabilities		$	19,124

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



Lease expense	Classification	Twelve Months Ended March 31, 2020
Operating lease expense	Marketing, general and administrative and engineering	$	3,835

Finance lease expense:
Amortization of ROU assets	Marketing, general and administrative and engineering	266
Interest expense on finance lease liabilities	Interest expense	41

Short-term lease expense	Marketing, general and administrative and engineering	1,117
Net lease expense		$	5,259

Future lease payments under non-cancellable operating leases as of March 31, 2020 were as follows: