Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Mar. 31, 2017
Current assets:    
Cash and cash equivalents $ 74,577 $ 42,842
Investments 12,928 44,786
Accounts receivable, net of allowance for doubtful accounts of $520 and $518 as of June 30, 2017 and March 31, 2017, respectively 51,994 63,719
Inventories, net 38,327 34,020
Costs and estimated earnings in excess of billings on uncompleted contracts 5,197 4,973
Prepaid expenses and other current assets 6,888 5,806
Income tax receivable 3,239 2,028
Total current assets 193,150 198,174
Property, plant and equipment, net 43,594 43,266
Goodwill 124,689 122,521
Intangible assets, net 84,546 86,178
Deferred income taxes 2,742 2,823
Other long term assets 724 1,118
Total assets 449,445 454,080
Current liabilities:    
Accounts payable 12,641 15,683
Accrued liabilities 10,667 13,142
Current portion of long term debt 20,250 20,250
Billings in excess of costs and estimated earnings on uncompleted contracts 2,061 2,767
Income taxes payable 328 481
Total current liabilities 45,947 52,323
Long-term debt, net of current maturities and deferred debt issuance costs of $442 and $524 as of June 30, 2017 and March 31, 2017, respectively 55,246 60,226
Deferred income taxes 25,153 25,661
Other noncurrent liabilities 3,600 3,368
Total liabilities 129,946 141,578
Equity    
Common stock: $.001 par value; 150,000,000 authorized; 32,370,856 and 32,365,553 shares issued and outstanding at June 30, 2017 and March 31, 2017, respectively 32 32
Preferred stock: $.001 par value; 10,000,000 authorized; no shares issued and outstanding 0 0
Additional paid in capital 219,852 219,284
Accumulated other comprehensive loss (42,912) (48,335)
Retained earnings 137,670 136,899
Total Thermon Group Holdings, Inc. shareholders' equity 314,642 307,880
Non-controlling interests 4,857 4,622
Total equity 319,499 312,502
Total liabilities and equity $ 449,445 $ 454,080