Quarterly report pursuant to Section 13 or 15(d)

Guarantor Consolidation 2 (Details)

v2.4.0.6
Guarantor Consolidation 2 (Details) (USD $)
 3 Months Ended 9 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Dec. 31, 2012
Dec. 31, 2011
Condensed Statement of Comprehensive Income (Loss)                
Revenues $ 76,750,000 $ 67,671,000 $ 67,530,000 $ 69,197,000 $ 68,351,000 $ 64,935,000 $ 211,951,000 $ 202,483,000
Cost of sales 41,799,000     35,506,000     111,022,000 104,852,000
Gross profit 34,951,000 32,639,000 33,339,000 33,691,000 31,951,000 31,989,000 100,929,000 97,631,000
Operating expenses:                
Marketing, general and administrative and engineering 16,885,000     15,300,000     47,394,000 59,603,000
Amortization of intangible assets 2,813,000     2,809,000     8,405,000 8,572,000
Income from operations 15,253,000     15,582,000     45,130,000 29,456,000
Other income/(expenses):                
Interest income 36,000     72,000     93,000 239,000
Interest expense (3,116,000)     (4,203,000)     (12,176,000) (16,023,000)
Loss on retirement of senior secured notes 0     (229,000)     0 (3,195,000)
Miscellaneous income (expense) (274,000)     (215,000)     (137,000) (1,402,000)
Income before provision for income taxes 11,899,000     11,007,000     32,910,000 9,075,000
Income tax expense 4,161,000     4,074,000     11,585,000 3,294,000
Net income (loss) 7,738,000     6,933,000     21,325,000 5,781,000
Comprehensive income (loss):                
Net income (loss) 7,738,000     6,933,000     21,325,000 5,781,000
Foreign currency translation adjustment (180,000)     113,000     (216,000) (11,017,000)
Comprehensive income (loss) 7,558,000     7,046,000     21,109,000 (5,236,000)
Thermon Holding Corp. (Guarantor)
                
Condensed Statement of Comprehensive Income (Loss)                
Revenues 0     0     0 0
Cost of sales 0     0     0 0
Gross profit 0     0     0 0
Operating expenses:                
Marketing, general and administrative and engineering 475,000     58,000     869,000 6,573,000
Amortization of intangible assets 64,000     64,000     191,000 192,000
Income from operations (539,000)     (122,000)     (1,060,000) (6,765,000)
Other income/(expenses):                
Equity in Earnings of Subsidiaries 916,000     6,546,000     21,755,000 12,546,000
Interest income 0     0     0 0
Interest expense 0     0     0 0
Loss on retirement of senior secured notes       0       0
Miscellaneous income (expense) 0     0     0 0
Income before provision for income taxes 377,000     6,424,000     20,695,000 5,781,000
Income tax expense (189,000)     0     (371,000) 0
Net income (loss) 566,000     6,424,000     21,066,000 5,781,000
Comprehensive income (loss):                
Net income (loss) 566,000     6,424,000     21,066,000 5,781,000
Foreign currency translation adjustment 0     0     0 0
Comprehensive income (loss) 566,000     6,424,000     21,066,000 5,781,000
Thermon Industries, Inc. (Issuer)
                
Condensed Statement of Comprehensive Income (Loss)                
Revenues 0     0     0 0
Cost of sales 0     0     0 0
Gross profit 0     0     0 0
Operating expenses:                
Marketing, general and administrative and engineering 0     0     0 7,860,000
Amortization of intangible assets 0     0     0 0
Income from operations 0     0     0 (7,860,000)
Other income/(expenses):                
Equity in Earnings of Subsidiaries 2,851,000     6,381,000     12,992,000 26,403,000
Interest income 0     0     0 0
Interest expense (3,030,000)     (4,048,000)     (11,732,000) (15,637,000)
Loss on retirement of senior secured notes       (229,000)       (3,195,000)
Miscellaneous income (expense) 0     0     0 0
Income before provision for income taxes (179,000)     2,104,000     1,260,000 (289,000)
Income tax expense (1,051,000)     0     (4,096,000) 0
Net income (loss) 872,000     2,104,000     5,356,000 (289,000)
Comprehensive income (loss):                
Net income (loss) 872,000     2,104,000     5,356,000 (289,000)
Foreign currency translation adjustment 0     0     0 0
Comprehensive income (loss) 872,000     2,104,000     5,356,000 (289,000)
Thermon Manufacturing Company and US Subsidiaries (Guarantor)
                
Condensed Statement of Comprehensive Income (Loss)                
Revenues 21,843,000     42,088,000     61,196,000 116,731,000
Cost of sales 9,641,000     27,601,000     24,593,000 76,863,000
Gross profit 12,202,000     14,487,000     36,603,000 39,868,000
Operating expenses:                
Marketing, general and administrative and engineering 8,004,000     7,847,000     20,914,000 22,224,000
Amortization of intangible assets 1,460,000     1,460,000     4,380,000 4,381,000
Income from operations 2,738,000     5,180,000     11,309,000 13,263,000
Other income/(expenses):                
Equity in Earnings of Subsidiaries 1,288,000     3,765,000     5,312,000 13,336,000
Interest income 14,000     12,000     15,000 33,000
Interest expense (45,000)     (55,000)     (156,000) (90,000)
Loss on retirement of senior secured notes       0       0
Miscellaneous income (expense) 1,769,000     2,087,000     5,603,000 5,735,000
Income before provision for income taxes 5,764,000     10,989,000     22,083,000 32,277,000
Income tax expense 2,698,000     1,697,000     8,874,000 (3,167,000)
Net income (loss) 3,066,000     9,292,000     13,209,000 35,444,000
Comprehensive income (loss):                
Net income (loss) 3,066,000     9,292,000     13,209,000 35,444,000
Foreign currency translation adjustment 0     0     0 0
Comprehensive income (loss) 3,066,000     9,292,000     13,209,000 35,444,000
International Subsidiaries (Non-guarantors)
                
Condensed Statement of Comprehensive Income (Loss)                
Revenues 57,195,000     45,234,000     155,868,000 136,374,000
Cost of sales 34,462,000     26,385,000     91,303,000 78,377,000
Gross profit 22,733,000     18,849,000     64,565,000 57,997,000
Operating expenses:                
Marketing, general and administrative and engineering 8,406,000     7,395,000     25,611,000 22,946,000
Amortization of intangible assets 1,289,000     1,285,000     3,834,000 3,999,000
Income from operations 13,038,000     10,169,000     35,120,000 31,052,000
Other income/(expenses):                
Equity in Earnings of Subsidiaries 0     0     0 0
Interest income 22,000     60,000     78,000 206,000
Interest expense (41,000)     (100,000)     (288,000) (296,000)
Loss on retirement of senior secured notes       0       0
Miscellaneous income (expense) (2,043,000)     (2,302,000)     (5,740,000) (7,137,000)
Income before provision for income taxes 10,976,000     7,827,000     29,170,000 23,825,000
Income tax expense 2,802,000     2,266,000     7,374,000 6,532,000
Net income (loss) 8,174,000     5,561,000     21,796,000 17,293,000
Comprehensive income (loss):                
Net income (loss) 8,174,000     5,561,000     21,796,000 17,293,000
Foreign currency translation adjustment (180,000)     113,000     (216,000) (11,017,000)
Comprehensive income (loss) 7,994,000     5,674,000     21,580,000 6,276,000
Eliminations
                
Condensed Statement of Comprehensive Income (Loss)                
Revenues (2,288,000)     (18,125,000)     (5,113,000) (50,622,000)
Cost of sales (2,304,000)     (18,480,000)     (4,874,000) (50,388,000)
Gross profit 16,000     355,000     (239,000) (234,000)
Operating expenses:                
Marketing, general and administrative and engineering 0     0     0 0
Amortization of intangible assets 0     0     0 0
Income from operations 16,000     355,000     (239,000) (234,000)
Other income/(expenses):                
Equity in Earnings of Subsidiaries (5,055,000)     (16,692,000)     (40,059,000) (52,285,000)
Interest income 0     0     0 0
Interest expense 0     0     0 0
Loss on retirement of senior secured notes       0       0
Miscellaneous income (expense) 0     0     0 0
Income before provision for income taxes (5,039,000)     (16,337,000)     (40,298,000) (52,519,000)
Income tax expense (99,000)     111,000     (196,000) (71,000)
Net income (loss) (4,940,000)     (16,448,000)     (40,102,000) (52,448,000)
Comprehensive income (loss):                
Net income (loss) (4,940,000)     (16,448,000)     (40,102,000) (52,448,000)
Foreign currency translation adjustment 0     0     0 0
Comprehensive income (loss) (4,940,000)     (16,448,000)     (40,102,000) (52,448,000)
Thermon Holding Corp.
                
Condensed Statement of Comprehensive Income (Loss)                
Revenues 76,750,000 67,671,000 67,530,000 69,197,000 68,351,000 64,935,000 211,951,000 202,483,000
Cost of sales 41,799,000     35,506,000     111,022,000 104,852,000
Gross profit 34,951,000 32,639,000 33,339,000 33,691,000 31,951,000 31,989,000 100,929,000 97,631,000
Operating expenses:                
Marketing, general and administrative and engineering 16,885,000     15,300,000     47,394,000 59,603,000
Amortization of intangible assets 2,813,000     2,809,000     8,405,000 8,572,000
Income from operations 15,253,000     15,582,000     45,130,000 29,456,000
Other income/(expenses):                
Equity in Earnings of Subsidiaries 0     0     0 0
Interest income 36,000     72,000     93,000 239,000
Interest expense (3,116,000)     (4,203,000)     (12,176,000) (16,023,000)
Loss on retirement of senior secured notes 0     (229,000)     0 (3,195,000)
Miscellaneous income (expense) (274,000)     (215,000)     (137,000) (1,402,000)
Income before provision for income taxes 11,899,000     11,007,000     32,910,000 9,075,000
Income tax expense 4,161,000     4,074,000     11,585,000 3,294,000
Net income (loss) 7,738,000     6,933,000     21,325,000 5,781,000
Comprehensive income (loss):                
Net income (loss) 7,738,000     6,933,000     21,325,000 5,781,000
Foreign currency translation adjustment (180,000)     113,000     (216,000) (11,017,000)
Comprehensive income (loss) $ 7,558,000     $ 7,046,000     $ 21,109,000 $ (5,236,000)