Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.19.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Mar. 31, 2018
Current assets:    
Cash and cash equivalents $ 31,402 $ 33,879
Investments 0 1,022
Accounts receivable, net of allowance for doubtful accounts of $987 and $1,231 as of March 31, 2019 and 2018, respectively 105,323 94,411
Inventories, net 64,890 63,829
Contract assets 26,454 16,114
Prepaid expenses and other current assets 7,320 9,054
Income tax receivable 4,389 1,885
Total current assets 239,778 220,194
Property, plant and equipment, net 74,955 74,485
Goodwill 204,995 210,566
Intangible assets, net 126,596 151,434
Deferred income taxes 3,829 3,425
Other long term assets 5,609 2,373
Total assets 655,762 662,477
Current liabilities:    
Accounts payable 22,705 22,995
Accrued liabilities 27,848 22,810
Current portion of long term debt 2,500 2,500
Borrowings under revolving credit facility 11,225 0
Contract liabilities 6,814 8,143
Income taxes payable 1,961 5,952
Total current liabilities 73,053 62,400
Long-term debt, net of current maturities and deferred debt issuance costs and debt discounts of $6,271 and $7,967 as of March 31, 2019 and 2018, respectively 197,729 214,533
Deferred income taxes 28,139 34,252
Other noncurrent liabilities 7,892 10,439
Total liabilities 306,813 321,624
Equity    
Common stock: $.001 par value; 150,000,000 authorized; 32,624,200 and 32,492,339 shares issued and outstanding at March 31, 2019 and 2018, respectively 33 32
Preferred stock: $.001 par value; 10,000,000 authorized; no shares issued and outstanding 0 0
Additional paid in capital 223,040 222,622
Accumulated other comprehensive loss (48,949) (36,541)
Retained earnings 170,621 148,812
Total Thermon Group Holdings, Inc. shareholders' equity 344,745 334,925
Non-controlling interests 4,204 5,928
Total equity 348,949 340,853
Total liabilities and equity $ 655,762 $ 662,477