Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets - Thermon Holding Corp

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Condensed Consolidated Balance Sheets - Thermon Holding Corp (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Mar. 31, 2012
Current assets:    
Cash and cash equivalents $ 13,630 $ 21,468
Accounts receivable, net of allowance for doubtful accounts of $878 and $1,434 as of June 30, 2012 and March 31, 2012, respectively 53,770 50,037
Inventories, net 36,300 38,453
Costs and estimated earnings in excess of billings on uncompleted contracts 1,437 1,996
Income taxes receivable 6,416 5,193
Prepaid expenses and other current assets 6,988 6,853
Deferred income taxes 3,459 3,664
Total current assets 122,000 127,664
Property, plant and equipment, net 28,030 27,661
Goodwill 115,592 118,007
Intangible assets, net 139,573 144,801
Debt issuance costs, net 6,265 7,446
Total assets 411,460 425,579
Current liabilities:    
Accounts payable 15,034 15,728
Accrued liabilities 15,278 22,442
Current portion of long term debt   21,000
Borrowings under revolving lines of credit 12,769  
Billings in excess of costs and estimated earnings on uncompleted contracts 1,952 2,446
Income taxes payable 3,193 1,374
Obligations due to settle the CHS Transaction 3,397 3,528
Total current liabilities 51,623 66,518
Long-term debt, net of current maturities 118,145 118,145
Deferred income taxes 42,421 45,999
Other noncurrent liabilities 2,425 2,437
Additional paid in capital 195,212 191,998
Accumulated other comprehensive (loss) income (2,086) 3,362
Retained earnings (accumulated deficit) 3,690 (2,910)
Shareholders' equity 196,846 192,480
Total liabilities and shareholders' equity 411,460 425,579
Thermon Holding Corp.
    
Current assets:    
Cash and cash equivalents 13,630 21,468
Accounts receivable, net of allowance for doubtful accounts of $878 and $1,434 as of June 30, 2012 and March 31, 2012, respectively 53,770 50,037
Inventories, net 36,300 38,453
Costs and estimated earnings in excess of billings on uncompleted contracts 1,437 1,996
Income taxes receivable 6,416 5,193
Prepaid expenses and other current assets 6,988 6,853
Deferred income taxes 3,459 3,664
Total current assets 122,000 127,664
Property, plant and equipment, net 28,030 27,661
Goodwill 115,592 118,007
Intangible assets, net 139,573 144,801
Debt issuance costs, net 6,265 7,446
Total assets 411,460 425,579
Current liabilities:    
Accounts payable 15,034 15,728
Accrued liabilities 15,278 22,442
Current portion of long term debt   21,000
Borrowings under revolving lines of credit 12,769  
Billings in excess of costs and estimated earnings on uncompleted contracts 1,952 2,446
Income taxes payable 3,193 1,374
Obligations due to settle the CHS Transaction 3,397 3,528
Total current liabilities 51,623 66,518
Long-term debt, net of current maturities 118,145 118,145
Deferred income taxes 42,421 45,999
Other noncurrent liabilities 2,425 2,437
Additional paid in capital 195,242 192,028
Accumulated other comprehensive (loss) income (2,086) 3,362
Retained earnings (accumulated deficit) 3,690 (2,910)
Shareholders' equity 196,846 192,480
Total liabilities and shareholders' equity $ 411,460 $ 425,579