Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.6.0.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Mar. 31, 2016
Current assets:    
Cash and cash equivalents $ 42,022 $ 84,570
Investments 36,972 0
Accounts receivable, net of allowance for doubtful accounts of $562 and $656 as of December 31, 2016 and March 31, 2016, respectively 58,166 58,493
Inventories, net 38,953 40,645
Costs and estimated earnings in excess of billings on uncompleted contracts 6,375 7,605
Prepaid expenses and other current assets 8,187 8,231
Income Tax Receivable 209 209
Total current assets 190,884 199,753
Property, plant and equipment, net 41,669 41,617
Goodwill 121,766 121,510
Intangible assets, net 88,661 103,998
Long term deferred income taxes 2,502 1,476
Other long term assets 390 323
Total assets 445,872 468,677
Current liabilities:    
Accounts payable 14,633 19,458
Accrued liabilities 10,347 18,238
Current portion of long term debt 18,563 13,500
Billings in excess of costs and estimated earnings on uncompleted contracts 2,633 3,438
Income taxes payable 1,114 2,937
Total current liabilities 47,290 57,571
Long-term debt, net of current maturities and deferred debt issuance costs of $609 and $888 as of December 31, 2016 and March 31, 2016, respectively 65,203 80,112
Deferred income taxes 25,700 29,114
Other noncurrent liabilities 3,401 3,179
Total liabilities 141,594 169,976
Equity    
Common stock: $.001 par value; 150,000,000 authorized; 32,337,359 and 32,222,720 shares issued and outstanding at December 31, 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 218,916 216,701
Accumulated other comprehensive loss (52,843) (44,569)
Retained earnings 133,648 122,258
Total Thermon Group Holdings, Inc. shareholders' equity 299,753 294,422
Non-controlling interests 4,525 4,279
Total equity 304,278 298,701
Total liabilities and equity $ 445,872 $ 468,677