Thermon Group Holdings, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Goodwill (Tables)

Goodwill (Tables)

6 Months Ended

Sep. 30, 2015

Acquired Finite-Lived Intangible Assets [Line Items]

Schedule of Business Acquisitions, by Acquisition



Consideration to or on behalf of sellers at close	$	3,890
Fair value of total consideration transferred	$	3,890



Consideration to or on behalf of sellers at close	$	10,956
Fair value of total consideration transferred	$	10,956

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary fair value of the assets and liabilities assumed:



Assets acquired:
Accounts receivable	$	1,693
Inventories	1,299
Other current assets	123
Property, plant and equipment	1,316
Identifiable intangible assets	2,645
Goodwill	9,255
Total assets	16,331
Liabilities assumed:
Current liabilities	1,025
Noncurrent deferred tax liability	714
Total liabilities	1,739
Non-controlling interests	3,636
Total consideration	$	10,956

The following table summarizes the preliminary fair value of the assets and liabilities assumed:



Assets acquired:
Accounts receivable	$	1,346
Inventories	655
Other current assets	21
Property, plant and equipment	77
Identifiable intangible assets	1,294
Goodwill	1,630
Total assets	5,023
Liabilities assumed:
Current liabilities	415
Noncurrent deferred tax liability	718
Total liabilities	1,133
Total consideration	$	3,890

Schedule of Intangible Assets

Other intangible assets related to previous transactions consisted of the following:



	Gross Carrying Amount at September 30, 2015		Accumulated Amortization		Net Carrying Amount at September 30, 2015		Gross Carrying Amount at March 31, 2015		Accumulated Amortization		Net Carrying Amount at March 31, 2015
Trademarks	$	42,649	$	—	$	42,649	$	43,034	$	—	$	43,034
Developed technology	9,775		2,688		7,087		9,862		2,469		7,393
Customer relationships	91,604		48,397		43,207		92,581		44,195		48,386
Backlog	8,975		8,975		—		9,129		9,129		—
Certification	445		—		445		449		—		449
Other	1,630		1,445		185		1,630		1,317		313
Total	$	155,078	$	61,505	$	93,573	$	156,685	$	57,110	$	99,575

Schedule of carrying amount of goodwill

The carrying amount of goodwill as of September 30, 2015 is as follows:



	Amount
Balance as of March 31, 2015	$	105,232
Goodwill acquired	19,459
Foreign currency translation impact	(1,969		)
Balance as of September 30, 2015	$	122,722

Industrial Process Insulators, Inc.

Acquired Finite-Lived Intangible Assets [Line Items]

Schedule of Business Acquisitions, by Acquisition



Consideration to or on behalf of sellers at close	$	21,750
Fair value of total consideration transferred	$	21,750

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary fair value of the assets and liabilities assumed:



Assets acquired:
Cash	$	1,526
Accounts receivable	3,723
Inventories	474
Other current assets	204
Property, plant and equipment	119
Identifiable intangible assets	13,784
Goodwill	10,204
Total assets	30,034
Liabilities assumed:
Current liabilities	2,203
Uncertain tax position liability	1,119
Noncurrent deferred tax liability	4,962
Total liabilities	8,284
Total consideration	$	21,750

Schedule of Intangible Assets

Our provisional estimate of identifiable intangible assets at September 30, 2015 that were related to the IPI transaction consisted of the following:



	Amortization period	Gross Carrying Amount at September 30, 2015		Accumulated Amortization		Net Carrying Amount at September 30, 2015

Order backlog	6 months	$	437	$	146	$	291
Customer relationships	10 years	10,720		179		10,541
Trademark	8 years	1,820		38		1,782
Other	3 years	807		44		763
Total		$	13,784	$	407	$	13,377

Sumac Fabrication Company Limited

Acquired Finite-Lived Intangible Assets [Line Items]

Schedule of Intangible Assets

Our provisional estimate of identifiable intangible assets at September 30, 2015 that were related to the Sumac transaction consisted of the following:



	Amortization period	Gross Carrying Amount at September 30, 2015		Accumulated Amortization		Net Carrying Amount at September 30, 2015

Backlog	6 months	$	176	$	176	$	—
Customer relationships	3 years	1,768		295		1,473
Other	10.3 years	566		63		503
Total		$	2,510	$	534	$	1,976

Unitemp

Acquired Finite-Lived Intangible Assets [Line Items]

Schedule of Intangible Assets

Our provisional estimate of identifiable intangible assets that were related to the Unitemp Transaction consisted of the following:



	Amortization period	Gross Carrying Amount at September 30, 2015		Accumulated Amortization		Net Carrying Amount at September 30, 2015		Gross Carrying Amount at March 31, 2015		Accumulated Amortization		Net Carrying Amount at March 31, 2015

Trademarks	8 years	$	673	$	49	$	624	$	780	$	8	$	772
Developed Technology	3 years	92		34		58		107		3		104
Customer Relationships	5 years	318		21		297		368		6		362
Total		$	1,083	$	104	$	979	$	1,255	$	17	$	1,238