Thermon Group Holdings, Inc. Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

9 Months Ended

Dec. 31, 2018

Information about our short-term debt and long-term debt that is not measured at fair value is as follows:



	December 31, 2018				March 31, 2018
	Carrying Value		Fair Value		Carrying Value		Fair Value		Valuation Technique
Financial Liabilities
Outstanding principal amount of senior secured credit facility	$	220,125	$	220,125	$	225,000	$	225,000	Level 2 - Market Approach
Outstanding borrowings from revolving line of credit	$	6,231	$	6,231	$	—	$	—	Level 2 - Market Approach

As of December 31, 2018 and March 31, 2018, the notional amounts of forward contracts were as follows:



Notional amount of foreign currency forward contracts by currency
	December 31, 2018		March 31, 2018
Russian Ruble	$	1,147	$	2,416
Euro	1,000		750
Canadian Dollar	4,000		4,000
South Korean Won	2,000		10,500
Mexican Peso	1,000		200
Australian Dollar	900		850
Great Britain Pound	2,000		—
Total notional amounts	$	12,047	$	18,716

The following table represents the fair value of our foreign currency forward contracts:



	December 31, 2018				March 31, 2018
	Fair Value				Fair Value
	Assets		Liabilities		Assets		Liabilities
Foreign currency forward contracts	$	59	$	127	$	229	$	25