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

Annual report pursuant to Section 13 and 15(d)

Inventories

Inventories

12 Months Ended

Mar. 31, 2015

Inventories consisted of the following at March 31:



	2015			2014
Raw materials	$	12,299		$	12,036
Work in process	5,060			2,200
Finished goods	24,765			23,973
	42,124			38,209
Valuation reserves	(1,116		)	(893		)
Inventories, net	$	41,008		$	37,316

The following table summarizes the annual changes in our valuation reserve accounts:



Balance at March 31, 2012		$	1,094
	Additions charged to expense	179
	Charged to reserve	(197		)
Balance at March 31, 2013		1,076
	Reduction in reserve	(129		)
	Charged to reserve	(54		)
Balance at March 31, 2014		893
	Additions charged to expense	279
	Charged to reserve	(56		)
Balance at March 31, 2015		$	1,116

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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