Quarterly report pursuant to Section 13 or 15(d)

Guarantor Consolidation (Details) - Thermon Holding Corp

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Guarantor Consolidation (Details) - Thermon Holding Corp (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Mar. 31, 2012
Jun. 30, 2011
Mar. 31, 2011
Current assets:        
Cash and cash equivalents $ 13,630 $ 21,468 $ 31,604 $ 51,266
Accounts receivable, net 53,770 50,037    
Inventories, net 36,300 38,453    
Costs and estimated earnings in excess of billings on uncompleted contracts 1,437 1,996    
Income taxes receivable 6,416 5,193    
Prepaid expenses and other current assets 6,988 6,853    
Deferred income taxes 3,459 3,664    
Total current assets 122,000 127,664    
Property, plant and equipment, net 28,030 27,661    
Goodwill 115,592 118,007    
Intangible assets, net 139,573 144,801    
Debt issuance costs, net 6,265 7,446    
Total assets 411,460 425,579    
Current liabilities:        
Accounts payable 15,034 15,728    
Accrued liabilities 15,278 22,442    
Current portion of long term debt   21,000    
Obligations in settlement of the CHS Transactions 3,397 3,528    
Borrowings under revolving lines of credit 12,769      
Billings in excess of costs and estimated 1,952 2,446    
Income taxes payable (receivable) 3,193 1,374    
Total current liabilities 51,623 66,518    
Long-term debt, net of current maturities 118,145 118,145    
Deferred income taxes 42,421 45,999    
Other noncurrent liabilities 2,425 2,437    
Shareholder's equity 196,846 192,480    
Total liabilities and shareholders' equity 411,460 425,579    
Thermon Holding Corp. (Guarantor)
        
Current assets:        
Intangible assets, net 1,014 1,078    
Investment in Subsidiaries 255,600 127,622    
Total assets 256,614 128,700    
Current liabilities:        
Intercompany loans (72,645) (70,732)    
Total current liabilities (72,645) (70,732)    
Shareholder's equity 329,259 199,432    
Total liabilities and shareholders' equity 256,614 128,700    
Thermon Industries, Inc. (Issuer)
        
Current assets:        
Debt issuance costs, net 6,265 7,446    
Investment in Subsidiaries 257,155 252,209    
Total assets 263,420 259,655    
Current liabilities:        
Accrued liabilities 1,871 6,136    
Current portion of long term debt   21,000    
Intercompany loans 138,302 110,062    
Total current liabilities 140,173 137,198    
Long-term debt, net of current maturities 118,145 118,145    
Shareholder's equity 5,102 4,312    
Total liabilities and shareholders' equity 263,420 259,655    
Thermon Manufacturing Company and US Subsidiaries (Guarantor)
        
Current assets:        
Cash and cash equivalents 3,461 5,815 20,911 41,829
Accounts receivable, net 11,569 28,466    
Inventories, net 21,159 20,225    
Costs and estimated earnings in excess of billings on uncompleted contracts 1,437 1,458    
Income taxes receivable 6,436 5,193    
Prepaid expenses and other current assets 1,022 932    
Deferred income taxes 2,752 2,758    
Total current assets 47,836 64,847    
Property, plant and equipment, net 22,580 21,870    
Goodwill 47,392 47,391    
Intangible assets, net 70,559 72,019    
Intercompany loans   160    
Investment in Subsidiaries 89,338 118,455    
Total assets 277,705 324,742    
Current liabilities:        
Accounts payable 8,625 8,615    
Accrued liabilities 5,229 8,577    
Obligations in settlement of the CHS Transactions 3,397 3,528    
Billings in excess of costs and estimated 600 2,098    
Income taxes payable (receivable) 3,173 114    
Intercompany loans (80,135) (38,288)    
Total current liabilities (59,111) (15,356)    
Deferred income taxes 26,842 29,725    
Other noncurrent liabilities 1,725 1,702    
Shareholder's equity 308,249 308,671    
Total liabilities and shareholders' equity 277,705 324,742    
International Subsidiaries (Non-guarantors)
        
Current assets:        
Cash and cash equivalents 10,169 15,653 10,693 9,187
Accounts receivable, net 42,172 38,431    
Inventories, net 16,824 19,949    
Costs and estimated earnings in excess of billings on uncompleted contracts   538    
Income taxes receivable (20)      
Prepaid expenses and other current assets 5,525 5,398    
Deferred income taxes 707 906    
Total current assets 75,377 80,875    
Property, plant and equipment, net 5,450 5,791    
Goodwill 68,200 70,616    
Intangible assets, net 68,000 71,704    
Total assets 217,027 228,986    
Current liabilities:        
Accounts payable 6,409 18,768    
Accrued liabilities 8,251 11,779    
Borrowings under revolving lines of credit 12,769      
Billings in excess of costs and estimated 1,352 348    
Income taxes payable (receivable) 20 1,260    
Intercompany loans 14,376 273    
Total current liabilities 43,177 32,428    
Deferred income taxes 15,579 16,274    
Other noncurrent liabilities 700 735    
Shareholder's equity 157,571 179,549    
Total liabilities and shareholders' equity 217,027 228,986    
Eliminations
        
Current assets:        
Accounts receivable, net 29 (16,860)    
Inventories, net (1,683) (1,721)    
Prepaid expenses and other current assets 441 523    
Total current assets (1,213) (18,058)    
Intercompany loans   (160)    
Investment in Subsidiaries (602,093) (498,286)    
Total assets (603,306) (516,504)    
Current liabilities:        
Accounts payable   (11,655)    
Accrued liabilities (73) (4,050)    
Intercompany loans 102 (1,315)    
Total current liabilities 29 (17,020)    
Shareholder's equity (603,335) (499,484)    
Total liabilities and shareholders' equity (603,306) (516,504)    
Thermon Holding Corp.
        
Current assets:        
Cash and cash equivalents 13,630 21,468 31,604 51,016
Accounts receivable, net 53,770 50,037    
Inventories, net 36,300 38,453    
Costs and estimated earnings in excess of billings on uncompleted contracts 1,437 1,996    
Income taxes receivable 6,416 5,193    
Prepaid expenses and other current assets 6,988 6,853    
Deferred income taxes 3,459 3,664    
Total current assets 122,000 127,664    
Property, plant and equipment, net 28,030 27,661    
Goodwill 115,592 118,007    
Intangible assets, net 139,573 144,801    
Debt issuance costs, net 6,265 7,446    
Total assets 411,460 425,579    
Current liabilities:        
Accounts payable 15,034 15,728    
Accrued liabilities 15,278 22,442    
Current portion of long term debt   21,000    
Obligations in settlement of the CHS Transactions 3,397 3,528    
Borrowings under revolving lines of credit 12,769      
Billings in excess of costs and estimated 1,952 2,446    
Income taxes payable (receivable) 3,193 1,374    
Total current liabilities 51,623 66,518    
Long-term debt, net of current maturities 118,145 118,145    
Deferred income taxes 42,421 45,999    
Other noncurrent liabilities 2,425 2,437    
Shareholder's equity 196,846 192,480    
Total liabilities and shareholders' equity $ 411,460 $ 425,579