Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.6
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Mar. 31, 2012
Current assets:    
Cash and cash equivalents $ 16,410 $ 21,468
Accounts receivable, net of allowance for doubtful accounts of $934 and $1,434 as of September 30, 2012 and March 31, 2012, respectively 53,673 50,037
Inventories, net 41,574 38,453
Costs and estimated earnings in excess of billings on uncompleted contracts 2,164 1,996
Income taxes receivable 5,070 5,193
Prepaid expenses and other current assets 7,967 6,853
Deferred income taxes 3,266 3,664
Total current assets 130,124 127,664
Property, plant and equipment, net 29,190 27,661
Goodwill 117,935 118,007
Intangible assets, net 139,086 144,801
Debt issuance costs, net 4,542 7,446
Total assets 420,877 425,579
Current liabilities:    
Accounts payable 22,366 15,728
Accrued liabilities 15,754 22,442
Current portion of long term debt 0 21,000
Billings in excess of costs and estimated earnings on uncompleted contracts 1,594 2,446
Income taxes payable 1,951 1,374
Obligations due to settle the CHS Transaction 3,391 3,528
Total current liabilities 45,056 66,518
Long-term debt, net of current maturities 118,145 118,145
Deferred income taxes 42,937 45,999
Other noncurrent liabilities 2,477 2,437
Common stock: $.001 par value; 150,000,000 authorized; 30,866,765 and 30,208,084 shares issued and outstanding at September 30, 2012 and March 31, 2012, respectively 31 30
Preferred stock: $.001 par value; 10,000,000 authorized; no shares issued and outstanding 0 0
Additional paid in capital 198,228 191,998
Accumulated other comprehensive (loss) income 3,326 3,362
Retained earnings (accumulated deficit) 10,677 (2,910)
Shareholders' equity 212,262 192,480
Total liabilities and shareholders' equity 420,877 425,579
Thermon Holding Corp.
    
Current assets:    
Cash and cash equivalents 16,410 21,468
Accounts receivable, net of allowance for doubtful accounts of $934 and $1,434 as of September 30, 2012 and March 31, 2012, respectively 53,673 50,037
Inventories, net 41,574 38,453
Costs and estimated earnings in excess of billings on uncompleted contracts 2,164 1,996
Income taxes receivable 5,070 5,193
Prepaid expenses and other current assets 7,967 6,853
Deferred income taxes 3,266 3,664
Total current assets 130,124 127,664
Property, plant and equipment, net 29,190 27,661
Goodwill 117,935 118,007
Intangible assets, net 139,086 144,801
Debt issuance costs, net 4,542 7,446
Total assets 420,877 425,579
Current liabilities:    
Accounts payable 22,366 15,728
Accrued liabilities 15,754 22,442
Current portion of long term debt 0 21,000
Billings in excess of costs and estimated earnings on uncompleted contracts 1,594 2,446
Income taxes payable 1,951 1,374
Obligations due to settle the CHS Transaction 3,391 3,528
Total current liabilities 45,056 66,518
Long-term debt, net of current maturities 118,145 118,145
Deferred income taxes 42,937 45,999
Other noncurrent liabilities 2,477 2,437
Additional paid in capital 198,259 192,028
Accumulated other comprehensive (loss) income 3,326 3,362
Retained earnings (accumulated deficit) 10,677 (2,910)
Shareholders' equity 212,262 192,480
Total liabilities and shareholders' equity $ 420,877 $ 425,579