Thermon Group Holdings, Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Property, Plant and Equipment (Tables)

12 Months Ended

Mar. 31, 2025

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, net consisted of the following:


	March 31,
	2025		2024
Land, buildings and improvements	$	60,233	$	57,514
Machinery and equipment	61,079		57,892
Office furniture and equipment	18,945		19,239
Internally developed software	5,213		5,069
Construction in progress	3,127		2,043
Property, plant and equipment at cost	148,597		141,757
Accumulated depreciation	(75,773)		(73,422)
Property, plant and equipment, net	$	72,824	$	68,335