Quarterly report pursuant to Section 13 or 15(d)

Goodwill

v2.4.0.6
Goodwill
9 Months Ended
Dec. 31, 2012
Goodwill
Goodwill
The carrying amount of goodwill as of December 31, 2012 is as follows:
 
Amount
Balance as of March 31, 2012
$
118,007

Foreign currency translation impact
(23
)
Balance as of December 31, 2012
$
117,984


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 December 31, 2012, there were no indicators of a goodwill impairment.  Goodwill is not deductible for tax purposes.
Thermon Holding Corp.
 
Goodwill
Goodwill
The carrying amount of goodwill as of December 31, 2012 is as follows:
 
Amount
Balance as of March 31, 2012
$
118,007

Foreign currency translation impact
(23
)
Balance as of December 31, 2012
$
117,984


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 December 31, 2012, there were no indicators of a goodwill impairment.  Goodwill is not deductible for tax purposes.