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

Fair Value Measurements (Tables)

9 Months Ended

Dec. 31, 2019

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



	December 31, 2019				March 31, 2019
	Carrying Value		Fair Value		Carrying Value		Fair Value		Valuation Technique
Financial Liabilities
Outstanding principal amount of senior secured credit facility	$	178,625	$	178,625	$	206,500	$	206,500	Level 2 - Market Approach
Outstanding borrowings from revolving line of credit	$	3,080	$	3,080	$	11,225	$	11,225	Level 2 - Market Approach

As of December 31, 2019 and March 31, 2019, the notional amounts of forward contracts were as follows:



Notional amount of foreign currency forward contracts by currency
	December 31, 2019		March 31, 2019
Russian Ruble	$	1,123	$	—
Euro	1,000		—
Canadian Dollar	750		1,500
South Korean Won	3,000		2,000
Mexican Peso	1,000		—
Australian Dollar	700		900
Great Britain Pound	750		3,000
Total notional amounts	$	8,323	$	7,400

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



	December 31, 2019				March 31, 2019
	Fair Value				Fair Value
	Assets		Liabilities		Assets		Liabilities
Foreign currency forward contracts	$	58	$	21	$	8	$	53