Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.19.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Mar. 31, 2019
Current assets:    
Cash and cash equivalents $ 35,269 $ 31,402
Accounts receivable, net of allowance for doubtful accounts of $1,210 and $987 as of June 30, 2019 and March 31, 2019, respectively 98,542 105,323
Inventories, net 69,689 64,890
Costs and estimated earnings in excess of billings on uncompleted contracts 23,646 26,454
Prepaid expenses and other current assets 8,514 7,320
Income tax receivable 4,946 4,389
Total current assets 240,606 239,778
Property, plant and equipment, net 74,948 74,955
Goodwill 207,663 204,995
Intangible assets, net 123,949 126,596
Operating 14,435 0
Deferred income taxes 3,883 3,829
Other long term assets 5,742 5,609
Total assets 671,226 655,762
Current liabilities:    
Accounts payable 23,438 22,705
Accrued liabilities 19,384 27,848
Current portion of long term debt 2,500 2,500
Borrowings under revolving credit facility 14,551 11,225
Contract liabilities 6,344 6,814
Lease liabilities 2,322 235
Income taxes payable 1,402 1,961
Total current liabilities 69,941 73,288
Long-term debt, net of current maturities and deferred debt issuance costs and debt discounts of $5,991 and $6,271 as of June 30, 2019 and March 31, 2019, respectively 197,384 197,729
Deferred income taxes 27,448 28,139
Non-current lease liabilities 13,826 386
Other noncurrent liabilities 7,485 7,271
Total liabilities 316,084 306,813
Equity    
Common stock: $.001 par value; 150,000,000 authorized; 32,705,031 and 32,624,200 shares issued and outstanding at June 30, 2019 and March 31, 2019, respectively 33 33
Preferred stock: $.001 par value; 10,000,000 authorized; no shares issued and outstanding 0 0
Additional paid in capital 223,022 223,040
Accumulated other comprehensive loss (44,514) (48,949)
Retained earnings 172,092 170,621
Total Thermon Group Holdings, Inc. shareholders' equity 350,633 344,745
Non-controlling interests 4,509 4,204
Total equity 355,142 348,949
Total liabilities and equity $ 671,226 $ 655,762