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

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Mar. 31, 2020

The carrying amount of goodwill for all reporting segments as of March 31, 2020, 2019 and 2018 is as follows:



	United States		Canada			Europe			Asia		Total
Balance as of March 31, 2018	$	52,016	$	128,767		$	21,159		$	8,624	$	210,566
Allocation of goodwill	10,709		(10,709		)				—		—
Purchase price adjustment	—		481			—			—		481
Foreign currency translation impact	—		(4,157		)	(1,895		)	—		(6,052		)
Balance as of March 31, 2019	$	62,725	$	114,382		$	19,264		$	8,624	$	204,995
Foreign currency translation impact	—		(6,643		)	(374		)	—		(7,017		)
Balance as of March 31, 2020	$	62,725	$	107,739		$	18,890		$	8,624	$	197,978

Annual amortization of intangible assets for the next five years and thereafter will approximate the following:

ntangible assets at March 31, 2020, and 2019 consisted of the following:



	Gross Carrying Amount at March 31, 2020		Accumulated Amortization		Net Carrying Amount at March 31, 2020		Gross Carrying Amount at March 31, 2019		Accumulated Amortization		Net Carrying Amount at March 31, 2019
Products	$	58,722	$	14,193	$	44,529	$	62,343	$	8,832	$	53,511
Trademarks	43,865		1,273		42,592		44,819		1,052		43,767
Developed technology	9,564		4,758		4,806		9,854		4,464		5,390
Customer relationships	105,912		93,729		12,183		110,802		87,319		23,483
Certifications	436		—		436		445		—		445
Other	—		—		—		5,742		5,742		—
Total	$	218,499	$	113,953	$	104,546	$	234,005	$	107,409	$	126,596