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, 2017

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



Balance at March 31, 2014		$	751
	Reduction in reserve	175
	Write-off of uncollectible accounts	(141		)
Balance at March 31, 2015		785
	Additions charged to expense	214
	Write-off of uncollectible accounts	(343		)
Balance at March 31, 2016		656
	Additions charged to expense	307
	Write-off of uncollectible accounts	(445		)
Balance at March 31, 2017		$	518

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:



	2017			2016
Land, buildings and improvements	$	23,812		$	24,503
Machinery and equipment	20,727			18,474
Office furniture and equipment	13,296			7,760
Internally developed software	3,188			3,188
Construction in progress	2,478			2,889
Property, plant and equipment at cost	63,501			56,814
Accumulated depreciation	(20,235		)	(15,197		)
Property, plant and equipment, net	$	43,266		$	41,617