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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2018
Current assets:      
Cash and cash equivalents $ 12,251,000 $ 17,100,000 $ 33,103,000
Accounts receivable, net of allowances of $1,652, $2,198 and $1,640 45,658,000 53,835,000 51,908,000
Inventories 107,299,000 96,231,000 117,944,000
Asset held for sale 131,000 131,000 0
Prepaid expenses and other current assets 10,883,000 12,568,000 12,851,000
Total current assets 176,222,000 179,865,000 215,806,000
Property, plant and equipment, net 51,341,000 50,920,000 53,133,000
Operating lease right-of-use assets 49,306,000 0 0
Deferred income taxes 0 0 10,560,000
Intangible assets, net 36,617,000 40,285,000 57,794,000
Other assets 15,119,000 14,525,000 9,828,000
Total assets 328,605,000 285,595,000 347,121,000
Current liabilities:      
Short-term borrowings 43,661,000 26,139,000 0
Current portion of long-term debt 79,000 316,000 229,000
Accounts payable 23,913,000 27,916,000 25,751,000
Accrued payroll and other compensation 6,428,000 6,962,000 9,994,000
Accrued customer programs 10,777,000 12,101,000 13,937,000
Accrued income taxes 129,000 0 0
Accrued other expenses 13,339,000 14,468,000 11,387,000
Current portion of operating lease liabilities 7,661,000 0 0
Total current liabilities 105,987,000 87,902,000 61,298,000
Long-term debt, net of current portion 10,000 13,000 40,170,000
Deferred income taxes 612,000 619,000 1,500,000
Operating lease liabilities 40,608,000 0 0
Other long-term obligations 5,889,000 7,130,000 10,745,000
Total liabilities 153,106,000 95,664,000 113,713,000
Commitments and contingencies (Note 8)
Stockholders' equity:      
Preferred stock, Class 2, $.01 par, 1,000,000 shares authorized, no shares issued 0 0 0
Common stock, $.10 par, 25,000,000 shares authorized, 14,703,084 shares issued at June 30, 2019, March 31, 2019 and June 30, 2018 1,470,000 1,470,000 1,470,000
Additional paid-in capital 60,994,000 60,921,000 59,348,000
Retained earnings 262,583,000 277,613,000 318,785,000
Accumulated other comprehensive income (loss), net of tax 250,000 465,000 708,000
Common stock in treasury, 5,850,235, 5,865,846 and 5,583,338 shares, at cost (149,798,000) (150,538,000) (146,903,000)
Total stockholders' equity 175,499,000 189,931,000 233,408,000
Total liabilities and stockholders' equity $ 328,605,000 $ 285,595,000 $ 347,121,000