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

Property, Plant and Equipment (Tables)

12 Months Ended

Mar. 31, 2024

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,
	2024		2023
Land, buildings and improvements	$	57,514	$	55,456
Machinery and equipment	57,892		48,912
Office furniture and equipment	19,239		18,164
Internally developed software	5,069		5,069
Construction in progress	2,043		3,137
Property, plant and equipment at cost	141,757		130,738
Accumulated depreciation	(73,422)		(67,450)
Property, plant and equipment, net	$	68,335	$	63,288