Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.4.0.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Mar. 31, 2015
Current assets:    
Cash and cash equivalents $ 84,570 $ 93,774
Accounts receivable, net of allowance for doubtful accounts of $656 and $785 as of March 31, 2016 and 2015, respectively 58,493 60,441
Inventories, net 40,645 41,008
Costs and estimated earnings in excess of billings on uncompleted contracts 7,605 6,804
Prepaid expenses and other current assets 8,231 5,128
Income tax receivable 209 0
Total current assets 199,753 207,155
Property, plant and equipment, net 41,617 34,824
Goodwill 121,510 105,232
Intangible assets, net 103,998 100,813
Long term deferred income taxes 1,476 1,214
Other long term assets 323 519
Total assets 468,677 449,757
Current liabilities:    
Accounts payable 19,458 17,145
Accrued liabilities 18,238 17,417
Current portion of long term debt 13,500 13,500
Billings in excess of costs and estimated earnings on uncompleted contracts 3,438 2,366
Income taxes payable 2,937 2,710
Total current liabilities 57,571 53,138
Long-term debt, net of current maturities and deferred debt issuance costs of $888 and $1,217 as of March 31, 2016 and 2015, respectively 80,112 93,283
Deferred income taxes 29,114 28,500
Other noncurrent liabilities 3,179 3,070
Total liabilities 169,976 177,991
Common stock: $.001 par value; 150,000,000 authorized; 32,222,720 and 32,082,393 shares issued and outstanding at March 31, 2016 and 2015, respectively 32 32
Preferred stock: $.001 par value; 10,000,000 authorized; no shares issued and outstanding 0 0
Additional paid in capital 216,701 213,885
Accumulated other comprehensive loss (44,569) (41,400)
Retained earnings 122,258 99,249
Total Thermon Group Holdings, Inc. shareholders' equity 294,422 271,766
Non-controlling interests 4,279 0
Total equity 298,701 271,766
Total liabilities and equity $ 468,677 $ 449,757