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

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Mar. 31, 2019

The carrying amount of goodwill for all reporting segments as of March 31, 2019, 2018 and 2017 is as follows:



	United States		Canada			Europe			Asia		Total
Balance as of March 31, 2017	$	52,016	$	43,444		$	18,437		$	8,624	$	122,521
Goodwill acquired	—		85,156			—			—		85,156
Foreign currency translation impact	—		167			2,722			—		2,889
Balance as of March 31, 2018	$	52,016	$	128,767		$	21,159		$	8,624	$	210,566
Allocation of Goodwill	10,709		(10,709		)	—			—		—
Purchase price adjustment	—		481			—			—		481
Foreign currency translation impact	—		(4,157		)	(1,895		)	—		(6,052		)
Balance as of March 31, 2019	$	62,725	$	114,382		$	19,264		$	8,624	$	204,995

Annual amortization of intangible assets for the next five years and thereafter will approximate the following:

ntangible assets at March 31, 2019, and 2018 consisted of the following (including THS):



	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	$	62,343	$	8,832	$	53,511	$	64,611	$	2,719	$	61,892
Trademarks	44,819		1,052		43,767		46,156		832		45,324
Developed technology	9,854		4,464		5,390		10,160		4,106		6,054
Customer relationships	110,802		87,319		23,483		113,378		77,646		35,732
Certifications	445		—		445		458		—		458
Other	5,742		5,742		—		5,863		3,889		1,974
Total	$	234,005	$	107,409	$	126,596	$	240,626	$	89,192	$	151,434