Thermon Group Holdings, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Organization and Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Acquisitions (Tables)

v3.19.2

Acquisitions (Tables)

12 Months Ended

Mar. 31, 2019

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The table below summarizes our provisional estimates of the fair value of assets and liabilities assumed as well as the final fair value of assets and liabilities assumed:



	Provisional Fair Value		Final Fair Value
Inventories	$	20,489	$	20,085
Other current assets	731		1,181
Goodwill	87,540		85,637
Current liabilities	6,255		6,832
Non-current deferred tax liability	22,121		19,326

Business Combination, Purchase Price Information

The following table details the purchase price of the THS transaction:



Consideration to or on behalf of sellers at close	$	204,596
Fair value of total consideration transferred	$	204,596

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed



Assets acquired:
Cash	$	1,534
Accounts receivable	14,351
Inventories	20,085
Other current assets	1,181
Property, plant and equipment	29,464
Identifiable intangible assets	79,002
Goodwill	85,637
Total assets	231,254
Liabilities assumed:
Current liabilities	6,832
Other non-current liabilities	500
Non-current deferred tax liability	19,326
Total liabilities	26,658
Total consideration	$	204,596

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination



	Amortization period	Gross Carrying Amount at March 31, 2019		Accumulated Amortization		Net Carrying Amount at March 31, 2019		Gross Carrying Amount at March 31, 2018		Accumulated Amortization		Net Carrying Amount at March 31, 2018

Products	10 years	$	62,343	$	8,832	$	53,511	$	64,611	$	2,692	$	61,919
Customer relationships	17 years	10,763		897		9,866		11,155		273		10,882
Backlog	1 year	3,117		3,117		—		3,230		1,346		1,884
Total		$	76,223	$	12,846	$	63,377	$	78,996	$	4,311	$	74,685

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Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

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Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

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