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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
6 Months Ended
Sep. 30, 2011
Sep. 30, 2010
OPERATING ACTIVITIES  
Net earnings$ 4,146,319$ 3,219,568
Adjustments to reconcile net earnings to cash provided by operating activities:  
Depreciation916,200932,401
Deferred(45,350)(27,200)
Provision for postretirement benefits38,09847,456
Decrease (increase) in operating assets:  
Accounts receivable, net321,522452,077
Inventories8,419,817(7,169,653)
Other(155,823)(136,600)
Increase (decrease) in operating liabilities:  
Accounts payable and accrued expenses899,2422,919,533
Contribution to profit-sharing plan100,200111,000
Employee compensation and related expenses(154,343)296,925
Income taxes payable(291,811)263,672
Deferred credit for LIFO inventory replacement30,981 
NET CASH PROVIDED BY OPERATING ACTIVITIES14,225,052909,179
INVESTING ACTIVITIES  
Purchase of property, plant and equipment(208,488)(464,404)
Increase in cash surrender value of officers' life insurance(30,500)(28,000)
NET CASH USED IN INVESTING ACTIVITIES(238,988)(492,404)
FINANCING ACTIVITIES  
Cash dividends paid(1,631,867)(339,972)
Principal payments on notes payable (13,507)
NET CASH USED IN FINANCING ACTIVITIES(1,631,867)(353,479)
INCREASE IN CASH AND CASH EQUIVALENTS12,354,19763,296
Cash and cash equivalents at beginning of period7,210,29019,812,881
CASH AND CASH EQUIVALENTS AT END OF PERIOD$ 19,564,487$ 19,876,177