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

Organization and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Mar. 31, 2015

The following table summarizes the annual changes in our allowance for doubtful accounts:



Balance at March 31, 2012		$	1,434
	Reduction in reserve	(21		)
	Write-off of uncollectible accounts	(272		)
Balance at March 31, 2013		1,141
	Reduction in reserve	(175		)
	Write-off of uncollectible accounts	(215		)
Balance at March 31, 2014		751
	Additions charged to expense	175
	Write-off of uncollectible accounts	(141		)
Balance at March 31, 2015		$	785

Depreciation is computed using the straight-line method over the following lives:



	Useful Lives in Years
Land improvements	15	-	20
Buildings and improvements	10	-	40
Machinery and equipment	3	-	25
Office furniture and equipment	3	-	10
Internally developed software	5	-	7

Property, plant and equipment consisted of the following at March 31:



	2015			2014
Land, buildings and improvements	$	19,046		$	19,874
Machinery and equipment	14,482			13,641
Office furniture and equipment	3,877			3,491
Internally developed software	1,789			1,744
Construction in Progress	6,614			1,732
Property, plant and equipment at cost	45,808			40,482
Accumulated depreciation	(10,984		)	(8,950		)
Property, plant and equipment, net	$	34,824		$	31,532