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

Property, Plant and Equipment (Tables)

12 Months Ended

Mar. 31, 2023

Depreciation is computed using the straight-line method over the following useful lives:


	Years
Buildings and improvements	10	-	30
Machinery and equipment	3	-	25
Office furniture and equipment	3	-	10
Internally developed software	5	-	7

Property, plant and equipment consisted of the following:


	March 31,
	2023		2022
Land, buildings and improvements	$	55,456	$	57,306
Machinery and equipment	48,912		48,365
Office furniture and equipment	18,164		17,014
Internally developed software	5,069		5,851
Construction in progress	3,137		1,457
Property, plant and equipment at cost	130,738		129,993
Accumulated depreciation	(67,450)		(63,954)
Property, plant and equipment, net	$	63,288	$	66,039