Quarterly report pursuant to Section 13 or 15(d)

Goodwill - Thermon Holding Corp

v2.4.0.6
Goodwill - Thermon Holding Corp
3 Months Ended
Jun. 30, 2012
Goodwill

5. Goodwill

 

The carrying amount of goodwill as of June 30, 2012 is as follows:

 

 

 

Amount

 

Balance as of March 31, 2012

 

$

118,007

 

Foreign currency translation impact

 

(2,415

)

Balance as of June 30, 2012

 

$

115,592

 

 

The excess purchase price over the fair value of assets acquired is recorded as goodwill. Goodwill is tested for impairment on an annual basis, and between annual tests if indicators of potential impairment exist, using a fair-value-based approach based on the market capitalization of the reporting unit. Our annual impairment test will be performed as of January 1, 2013. At June 30, 2012, there were no indicators of a goodwill impairment.  Goodwill is not deductible for tax purposes.

Thermon Holding Corp.
 
Goodwill

4. Goodwill

 

The carrying amount of goodwill as of June 30, 2012 is as follows:

 

 

 

Amount

 

Balance as of March 31, 2012

 

$

118,007

 

Foreign currency translation impact

 

(2,415

)

Balance as of June 30, 2012

 

$

115,592

 

 

The excess purchase price over the fair value of assets acquired is recorded as goodwill. Goodwill is tested for impairment on an annual basis, and between annual tests if indicators of potential impairment exist, using a fair-value-based approach based on the market capitalization of the reporting unit. Our annual impairment test will be performed as of January 1, 2013. At June 30, 2012, there were no indicators of a goodwill impairment.  Goodwill is not deductible for tax purposes.