Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.5.0.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Mar. 31, 2016
Current assets:    
Cash and cash equivalents $ 72,558 $ 84,570
Accounts receivable, net of allowance for doubtful accounts of $609 and $656 as of June 30, 2016 and March 31, 2016, respectively 57,151 58,493
Inventories, net 41,100 40,645
Costs and estimated earnings in excess of billings on uncompleted contracts 9,274 7,605
Prepaid expenses and other current assets 11,111 8,231
Income Tax Receivable 209 209
Total current assets 191,403 199,753
Property, plant and equipment, net 41,983 41,617
Goodwill 124,613 121,510
Intangible assets, net 96,052 103,998
Long term deferred income taxes 2,600 1,476
Other long term assets 320 323
Total assets 456,971 468,677
Current liabilities:    
Accounts payable 14,824 19,458
Accrued liabilities 13,396 18,238
Current portion of long term debt 15,188 13,500
Billings in excess of costs and estimated earnings on uncompleted contracts 4,352 3,438
Income taxes payable 1,356 2,937
Total current liabilities 49,116 57,571
Long-term debt, net of current maturities 75,144 80,112
Deferred income taxes 27,571 29,114
Other noncurrent liabilities 3,257 3,179
Total liabilities 155,088 169,976
Equity    
Common stock: $.001 par value; 150,000,000 authorized; 32,240,876 and 32,222,720 shares issued and outstanding at June 30, 2016 and March 31, 2016, respectively 32 32
Preferred stock: $.001 par value; 10,000,000 authorized; no shares issued and outstanding 0 0
Additional paid in capital 217,552 216,701
Accumulated other comprehensive income (44,882) (44,569)
Retained earnings (accumulated deficit) 124,784 122,258
Total Thermon Group Holdings, Inc. shareholders' equity 297,486 294,422
Non-controlling interests 4,397 4,279
Total equity 301,883 298,701
Total liabilities and equity $ 456,971 $ 468,677