Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Mar. 31, 2018
Current assets:    
Cash and cash equivalents $ 31,118 $ 33,879
Investments 152 1,022
Accounts receivable, net of allowance for doubtful accounts of $1,207 and $1,231 as of June 30, 2018 and March 31, 2018, respectively 82,606 94,411
Inventories, net 69,300 63,829
Costs and estimated earnings in excess of billings on uncompleted contracts 20,528 16,114
Prepaid expenses and other current assets 8,556 9,054
Income tax receivable 2,545 1,885
Total current assets 214,805 220,194
Property, plant and equipment, net 73,710 74,485
Goodwill 207,484 210,566
Intangible assets, net 143,220 151,434
Deferred income taxes 3,157 3,425
Other long term assets 3,049 2,373
Total assets 645,425 662,477
Current liabilities:    
Accounts payable 24,547 22,995
Accrued liabilities 15,524 22,810
Current portion of long term debt 2,500 2,500
Billings in excess of costs and estimated earnings on uncompleted contracts 6,077 8,143
Income taxes payable 551 5,952
Total current liabilities 54,718 62,400
Long-term debt, net of current maturities and deferred debt issuance costs and debt discounts of $7,664 and $7,967 as of June 30, 2018 and March 31, 2018, respectively 214,211 214,533
Deferred income taxes 32,108 34,252
Other noncurrent liabilities 7,773 10,439
Total liabilities 308,810 321,624
Equity    
Common stock: $.001 par value; 150,000,000 authorized; 32,547,662 and 32,492,339 shares issued and outstanding at June 30, 2018 and March 31, 2018, respectively 33 32
Preferred stock: $.001 par value; 10,000,000 authorized; no shares issued and outstanding 0 0
Additional paid in capital 223,309 222,622
Accumulated other comprehensive loss (44,808) (36,541)
Retained earnings 151,817 148,812
Total Thermon Group Holdings, Inc. shareholders' equity 330,351 334,925
Non-controlling interests 6,264 5,928
Total equity 336,615 340,853
Total liabilities and equity $ 645,425 $ 662,477