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, 2026

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,
	2026		2025
Land, buildings and improvements	$	63,989	$	60,233
Machinery and equipment	68,130		61,079
Office furniture and equipment	21,367		18,945
Internally developed software	5,213		5,213
Construction in progress	2,974		3,127
Property, plant and equipment at cost	161,673		148,597
Accumulated depreciation	(81,934)		(75,773)
Property, plant and equipment, net	$	79,739	$	72,824