Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets - Thermon Holding Corp

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Condensed Consolidated Balance Sheets - Thermon Holding Corp (USD $)
In Thousands
Jun. 30, 2011
Mar. 31, 2011
Current assets:    
Cash and cash equivalents $ 31,604 $ 51,266
Accounts receivable, net of allowance for doubtful accounts of $1,473 and $1,487 as of June 30, 2011 and March 31, 2011, respectively 45,893 40,013
Inventories, net 34,317 31,118
Costs and estimated earnings in excess of billings on uncompleted contracts 1,816 2,063
Income taxes receivable 7,824 2,462
Prepaid expenses and other current assets 6,882 7,633
Deferred income taxes 1,342 2,779
Total current assets 129,678 137,334
Property, plant and equipment, net 23,098 21,686
Goodwill 121,522 120,750
Intangible assets, net 157,013 159,056
Debt issuance costs, net 9,258 11,573
Other noncurrent assets   633
Total assets 440,569 451,032
Current liabilities:    
Accounts payable 20,548 18,573
Accrued liabilities 18,319 28,972
Current portion of long term debt   21,000
Borrowings under revolving lines of credit   2,063
Billings in excess of costs and estimated earnings on uncompleted contracts 431 1,110
Income taxes payable   7,934
Obligations due to settle the CHS Transactions 3,841 4,213
Total current liabilities 43,139 83,865
Long-term debt, net of current maturities 168,000 189,000
Deferred income taxes 49,592 49,809
Other noncurrent liabilities 1,865 1,826
Additional paid in capital 186,422 131,416
Foreign currency translation adjustment 11,426 10,031
Accumulated deficit (19,905) (14,940)
Shareholders' equity 177,973 126,532
Total liabilities and shareholder's/members' equity 440,569 451,032
Common stock, 29,523,641 at June 30, 2011 and 24,933,407 at March 31, 2011, shares issued and outstanding $.001 par value, 150,000,000 authorized 30 25
Preferred stock, no shares issued and outstanding $.001 par value, 10,000,000 authorized    
Thermon Holding Corp
    
Current assets:    
Cash and cash equivalents 31,604 51,016
Accounts receivable, net of allowance for doubtful accounts of $1,473 and $1,487 as of June 30, 2011 and March 31, 2011, respectively 45,893 40,013
Inventories, net 34,317 31,118
Costs and estimated earnings in excess of billings on uncompleted contracts 1,816 2,063
Income taxes receivable 7,824 2,462
Prepaid expenses and other current assets 6,882 7,633
Deferred income taxes 1,342 2,779
Total current assets 129,678 137,084
Property, plant and equipment, net 23,098 21,686
Goodwill 121,522 120,750
Intangible assets, net 157,013 159,056
Debt issuance costs, net 9,258 11,573
Other noncurrent assets   633
Total assets 440,569 450,782
Current liabilities:    
Accounts payable 20,548 18,573
Accrued liabilities 18,319 28,972
Current portion of long term debt   21,000
Borrowings under revolving lines of credit   2,063
Billings in excess of costs and estimated earnings on uncompleted contracts 431 1,110
Income taxes payable   7,934
Obligations due to settle the CHS Transactions 3,841 4,213
Total current liabilities 43,139 83,865
Long-term debt, net of current maturities 168,000 189,000
Deferred income taxes 49,592 49,809
Other noncurrent liabilities 1,865 1,826
Additional paid in capital 186,452 131,191
Foreign currency translation adjustment 11,426 10,031
Accumulated deficit (19,905) (14,940)
Shareholders' equity 177,973 126,282
Total liabilities and shareholder's/members' equity $ 440,569 $ 450,782