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

Goodwill (Tables)

3 Months Ended

Jun. 30, 2015



Consideration to or on behalf of sellers at close	$	10,956
Fair value of total consideration transferred	$	10,956



Consideration to or on behalf of sellers at close	$	3,890
Fair value of total consideration transferred	$	3,890

The following table summarizes the preliminary fair value of the assets and liabilities assumed:



Assets acquired:
Accounts receivable	$	1,693
Inventories	1,299
Other current assets	123
Property, plant and equipment	1,316
Identifiable intangible assets	2,645
Goodwill	9,255
Total assets	16,331
Liabilities assumed:
Current liabilities	1,025
Noncurrent deferred tax liability	714
Total liabilities	1,739
Non-controlling interests	3,636
Total consideration	$	10,956

The following table summarizes the preliminary fair value of the assets and liabilities assumed:



Assets acquired:
Accounts receivable	$	1,346
Inventories	655
Other current assets	21
Property, plant and equipment	77
Identifiable intangible assets	1,294
Goodwill	1,630
Total assets	5,023
Liabilities assumed:
Current liabilities	415
Noncurrent deferred tax liability	718
Total liabilities	1,133
Total consideration	$	3,890

Other intangible assets related to previous transactions consisted of the following:



	Gross Carrying Amount at June 30, 2015		Accumulated Amortization		Net Carrying Amount at June 30, 2015		Gross Carrying Amount at March 31, 2015		Accumulated Amortization		Net Carrying Amount at March 31, 2015
Trademarks	$	43,396	$	—	$	43,396	$	43,034	$	—	$	43,034
Developed technology	9,945		2,613		7,332		9,862		2,469		7,393
Customer relationships	93,221		46,886		46,335		92,581		44,195		48,386
Backlog	9,198		9,198		—		9,129		9,129		—
Certification	454		—		454		449		—		449
Other	1,630		1,381		249		1,630		1,317		313
Total	$	157,844	$	60,078	$	97,766	$	156,685	$	57,110	$	99,575

The carrying amount of goodwill as of June 30, 2015 is as follows:



	Amount
Balance as of March 31, 2015	$	105,232
Goodwill acquired	9,255
Foreign currency translation impact	710
Balance as of June 30, 2015	$	115,197

Our provisional estimate of identifiable intangible assets at June 30, 2015 that were related to the Sumac transaction consisted of the following:



	Amortization period	Gross Carrying Amount at June 30, 2015		Accumulated Amortization		Net Carrying Amount at June 30, 2015

Order backlog	6 months	$	188	$	80	$	108
Customer relationships	3 years	1,890		157		1,733
Other	6.5 years	604		23		581
Total		$	2,682	$	260	$	2,422

Our provisional estimate of identifiable intangible assets that were related to the Unitemp Transaction consisted of the following:



	Amortization period	Gross Carrying Amount at June 30, 2015		Accumulated Amortization		Net Carrying Amount at June 30, 2015		Gross Carrying Amount at March 31, 2015		Accumulated Amortization		Net Carrying Amount at March 31, 2015

Trademarks	8 years	$	769	$	31	$	738	$	780	$	8	$	772
Developed Technology	3 years	105		23		82		107		3		104
Customer Relationships	5 years	363		14		349		368		6		362
Total		$	1,237	$	68	$	1,169	$	1,255	$	17	$	1,238