Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.7.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Mar. 31, 2016
Current assets:    
Cash and cash equivalents $ 42,842 $ 84,570
Investments 44,786 0
Accounts receivable, net of allowance for doubtful accounts of $518 and $656 as of March 31, 2017 and 2016, respectively 63,719 57,432
Inventories, net 34,020 40,645
Costs and estimated earnings in excess of billings on uncompleted contracts 4,973 7,605
Prepaid expenses and other current assets 7,806 8,231
Income tax receivable 28 209
Total current assets 198,174 198,692
Property, plant and equipment, net 43,266 41,617
Goodwill 122,521 121,510
Intangible assets, net 86,178 103,998
Deferred income taxes 2,823 1,476
Other long term assets 1,118 1,384
Total assets 454,080 468,677
Current liabilities:    
Accounts payable 15,683 19,458
Accrued liabilities 13,142 18,238
Current portion of long term debt 20,250 13,500
Billings in excess of costs and estimated earnings on uncompleted contracts 2,767 3,438
Income taxes payable 481 2,937
Total current liabilities 52,323 57,571
Long-term debt, net of current maturities and deferred debt issuance costs of $524 and $888 as of March 31, 2017 and 2016, respectively 60,226 80,112
Deferred income taxes 25,661 29,114
Other noncurrent liabilities 3,368 3,179
Total liabilities 141,578 169,976
Common stock: $.001 par value; 150,000,000 authorized; 32,365,553 and 32,222,720 shares issued and outstanding at March 31, 2017 and 2016, respectively 32 32
Preferred stock: $.001 par value; 10,000,000 authorized; no shares issued and outstanding 0 0
Additional paid in capital 219,284 216,701
Accumulated other comprehensive loss (48,335) (44,569)
Retained earnings 136,899 122,258
Total Thermon Group Holdings, Inc. shareholders' equity 307,880 294,422
Non-controlling interests 4,622 4,279
Total equity 312,502 298,701
Total liabilities and equity $ 454,080 $ 468,677