10-Q Filing

THERMON GROUP HOLDINGS, INC. CIK: 1489096 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001489096-15-000073`
Period End Date	20150630
Filing Date	20150805
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	thr-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 44 Cash Flow Statement 60

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$72.64M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$79.36M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$77.26M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$93.77M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $916 and $785 as of June 30, 2015 and March 31, 2015, respectively	`AccountsReceivableNetCurrent`	$55.44M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $916 and $785 as of June 30, 2015 and March 31, 2015, respectively	`AccountsReceivableNetCurrent`	$60.44M	USD	Point-in-time
Inventories, net	`InventoryNet`	$41.01M	USD	Point-in-time
Inventories, net	`InventoryNet`	$43.98M	USD	Point-in-time
Costs and estimated earnings in excess of billings on uncompleted contracts	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$6.80M	USD	Point-in-time
Costs and estimated earnings in excess of billings on uncompleted contracts	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$5.50M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.13M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$8.26M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$3.55M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$3.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$210.70M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	32.08M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$196.03M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	32.12M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	32.12M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$34.82M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	32.08M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$38.38M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Goodwill	`Goodwill`	$105.23M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Goodwill	`Goodwill`	$115.20M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$101.36M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$100.81M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Debt issuance costs, net	`DeferredFinanceCostsNet`	$1.25M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Debt issuance costs, net	`DeferredFinanceCostsNet`	$1.36M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other long term assets	`OtherAssetsNoncurrent`	$369.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other long term assets	`OtherAssetsNoncurrent`	$378.00K	USD	Point-in-time
Total assets	`Assets`	$452.59M	USD	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	29,106.00	shares	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	0.00	shares	Point-in-time
Total assets	`Assets`	$453.31M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$17.14M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$16.13M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$17.42M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$12.41M	USD	Point-in-time
Current portion of long term debt	`SecuredDebtCurrent`	$13.50M	USD	Point-in-time
Current portion of long term debt	`SecuredDebtCurrent`	$13.50M	USD	Point-in-time
Billings in excess of costs and estimated earnings on uncompleted contracts	`BillingsInExcessOfCostCurrent`	$2.37M	USD	Point-in-time
Billings in excess of costs and estimated earnings on uncompleted contracts	`BillingsInExcessOfCostCurrent`	$2.07M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$830.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.71M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$53.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$44.93M	USD	Point-in-time
Long-term debt, net of current maturities	`SecuredLongTermDebt`	$94.50M	USD	Point-in-time
Long-term debt, net of current maturities	`SecuredLongTermDebt`	$91.12M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$30.84M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$30.75M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$3.07M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$3.08M	USD	Point-in-time
Total liabilities	`Liabilities`	$181.54M	USD	Point-in-time
Total liabilities	`Liabilities`	$169.88M	USD	Point-in-time
Common stock: $.001 par value; 150,000,000 authorized; 32,124,079 and 32,082,393 shares issued and outstanding at June 30, 2015 and March 31, 2015, respectively	`CommonStockValue`	$32.00K	USD	Point-in-time
Common stock: $.001 par value; 150,000,000 authorized; 32,124,079 and 32,082,393 shares issued and outstanding at June 30, 2015 and March 31, 2015, respectively	`CommonStockValue`	$32.00K	USD	Point-in-time
Preferred stock: $.001 par value; 10,000,000 authorized; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock: $.001 par value; 10,000,000 authorized; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$213.88M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$214.12M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$-38.90M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$-41.40M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$99.25M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$103.68M	USD	Point-in-time
Shareholders equity	`StockholdersEquity`	$271.77M	USD	Point-in-time
Shareholders equity	`StockholdersEquity`	$278.93M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$3.78M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	-	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$282.71M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$271.77M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$452.59M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$453.31M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueNet`	$65.22M	USD	1 Quarter
Sales	`SalesRevenueNet`	$67.67M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$34.49M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$33.82M	USD	1 Quarter
Gross profit	`GrossProfit`	$33.84M	USD	1 Quarter
Gross profit	`GrossProfit`	$30.74M	USD	1 Quarter
Marketing, general and administrative and engineering	`SellingGeneralAndAdministrativeExpense`	$18.33M	USD	1 Quarter
Marketing, general and administrative and engineering	`SellingGeneralAndAdministrativeExpense`	$19.85M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.75M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.82M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$12.76M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$8.07M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$108.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$107.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.02M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.30M	USD	1 Quarter
Other income and expense	`OtherNonoperatingIncomeExpense`	$17.00K	USD	1 Quarter
Other income and expense	`OtherNonoperatingIncomeExpense`	$-168.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.99M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$11.59M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$2.47M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$53.00K	USD	1 Quarter
Net income	`ProfitLoss`	$11.53M	USD	1 Quarter
Net income	`ProfitLoss`	$4.53M	USD	1 Quarter
Income attributable to non-controlling interests	`IncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Income attributable to non-controlling interests	`IncomeLossAttributableToNoncontrollingInterest`	$97.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$11.53M	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.43M	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$11.53M	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.43M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$4.62M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$2.40M	USD	1 Quarter
Derivative valuation, net of tax	`DerivativeGainLossOnDerivativeNet`	$-292.00K	USD	1 Quarter
Derivative valuation, net of tax	`DerivativeGainLossOnDerivativeNet`	$102.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$15.86M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$6.93M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.36	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.14	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.14	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.36	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	32.10M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	31.94M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	32.49M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	32.34M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$11.53M	USD	1 Quarter
Net income	`ProfitLoss`	$4.53M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.01M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.56M	USD	1 Quarter
Amortization of deferred debt issuance costs	`AmortizationOfFinancingCosts`	$118.00K	USD	1 Quarter
Amortization of deferred debt issuance costs	`AmortizationOfFinancingCosts`	$109.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$875.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$556.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-4.05M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-592.00K	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$-254.00K	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$-684.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-7.21M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$7.39M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-205.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.37M	USD	1 Quarter
Costs and estimated earnings in excess of billings on uncompleted contracts	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$122.00K	USD	1 Quarter
Costs and estimated earnings in excess of billings on uncompleted contracts	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$993.00K	USD	1 Quarter
Other current and noncurrent assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.03M	USD	1 Quarter
Other current and noncurrent assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.04M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$583.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.46M	USD	1 Quarter
Accrued liabilities and noncurrent liabilities	`IncreaseDecreaseInAccruedLiabilities`	$2.37M	USD	1 Quarter
Accrued liabilities and noncurrent liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-5.30M	USD	1 Quarter
Income taxes payable and receivable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$238.00K	USD	1 Quarter
Income taxes payable and receivable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-3.74M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$3.98M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$6.12M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$751.00K	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.78M	USD	1 Quarter
Cash paid for acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Cash paid for acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$10.96M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-751.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-14.74M	USD	1 Quarter
Payments on long term debt	`RepaymentsOfLongTermDebt`	$3.38M	USD	1 Quarter
Payments on long term debt	`RepaymentsOfLongTermDebt`	$3.38M	USD	1 Quarter
Issuance costs associated with revolving line of credit and long term debt	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Issuance costs associated with revolving line of credit and long term debt	`PaymentsOfDebtIssuanceCosts`	$290.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$326.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$64.00K	USD	1 Quarter
Repurchase of employee stock units on vesting	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$708.00K	USD	1 Quarter
Repurchase of employee stock units on vesting	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	1 Quarter
Benefit from excess tax deduction from option exercises	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	1 Quarter
Benefit from excess tax deduction from option exercises	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.36M	USD	1 Quarter
Lease financing	`CapitalLeaseObligationsIncurred`	$52.00K	USD	1 Quarter
Lease financing	`CapitalLeaseObligationsIncurred`	$-24.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-4.07M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.95M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$420.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$1.20M	USD	1 Quarter
Change in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$4.62M	USD	1 Quarter
Change in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-14.41M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$72.64M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$79.36M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$77.26M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$93.77M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$72.64M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$79.36M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$77.26M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$93.77M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.