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

Property, Plant and Equipment (Tables)

12 Months Ended

Mar. 31, 2021

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:


	2021		2020
Land, buildings and improvements	$	57,317	$	53,060
Machinery and equipment	47,138		38,880
Office furniture and equipment	15,375		15,587
Internally developed software	7,336		5,793
Construction in progress	1,019		2,772
Property, plant and equipment at cost	128,185		116,092
Accumulated depreciation	(55,555)		(43,550)
Property, plant and equipment, net	$	72,630	$	72,542