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

Property, Plant and Equipment (Tables)

12 Months Ended

Mar. 31, 2022

Depreciation is computed using the straight-line method over the following lives:


	Useful Lives in Years
Buildings and improvements	10	-	30
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:


	March 31,
	2022		2021
Land, buildings and improvements	$	57,306	$	57,317
Machinery and equipment	48,365		47,138
Office furniture and equipment	17,014		15,375
Internally developed software	5,851		7,336
Construction in progress	1,457		1,019
Property, plant and equipment at cost	129,993		128,185
Accumulated depreciation	(63,954)		(55,555)
Property, plant and equipment, net	$	66,039	$	72,630