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

Fair Value Measurements (Tables)

9 Months Ended

Dec. 31, 2020

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


	December 31, 2020				March 31, 2020
	Carrying Value		Fair Value		Carrying Value		Fair Value		Valuation Technique



Financial Liabilities
Outstanding principal amount of senior secured credit facility	$	169,125	$	169,125	$	176,000	$	150,480	Level 2 - Market Approach

As of December 31, 2020 and March 31, 2020, the notional amounts of forward contracts were as follows:


Notional amount of foreign currency forward contracts by currency
	December 31, 2020		March 31, 2020
Russian Ruble	$	1,750	$	1,103
Euro	—		500
Canadian Dollar	10,000		1,500
South Korean Won	5,000		3,500

Mexican Peso	1,750		2,000
Australian Dollar	900		700



Great Britain Pound	500		500

Total notional amounts	$	19,900	$	9,803

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


	December 31, 2020				March 31, 2020
	Fair Value				Fair Value
	Assets		Liabilities		Assets		Liabilities
Foreign currency forward contracts	$	53	$	4	$	140	$	49