Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.5.0.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2016
Mar. 31, 2016
Current assets:    
Cash and cash equivalents $ 76,570 $ 84,570
Accounts receivable, net of allowance for doubtful accounts of $490 and $656 as of September 30, 2016 and March 31, 2016, respectively 57,248 58,493
Inventories, net 40,059 40,645
Costs and estimated earnings in excess of billings on uncompleted contracts 7,670 7,605
Prepaid expenses and other current assets 8,771 8,231
Income Tax Receivable 2,420 209
Total current assets 192,738 199,753
Property, plant and equipment, net 41,978 41,617
Goodwill 123,958 121,510
Intangible assets, net 93,056 103,998
Long term deferred income taxes 2,583 1,476
Other long term assets 347 323
Total assets 454,660 468,677
Current liabilities:    
Accounts payable 16,159 19,458
Accrued liabilities 12,404 18,238
Current portion of long term debt 16,875 13,500
Billings in excess of costs and estimated earnings on uncompleted contracts 1,909 3,438
Income taxes payable 1,343 2,937
Total current liabilities 48,690 57,571
Long-term debt, net of current maturities and deferred debt issuance costs of $700 and $888 as of September 30, 2016 and March 31, 2016, respectively 70,175 80,112
Deferred income taxes 26,612 29,114
Other noncurrent liabilities 3,537 3,179
Total liabilities 149,014 169,976
Equity    
Common stock: $.001 par value; 150,000,000 authorized; 32,321,254 and 32,222,720 shares issued and outstanding at September 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 218,028 216,701
Accumulated other comprehensive income (45,270) (44,569)
Retained earnings (accumulated deficit) 128,290 122,258
Total Thermon Group Holdings, Inc. shareholders' equity 301,080 294,422
Non-controlling interests 4,566 4,279
Total equity 305,646 298,701
Total liabilities and equity $ 454,660 $ 468,677