Segment Information (In Thousands)

6 Months Ended

Sep. 30, 2011

Segment Information (In Thousands) [Abstract]

SEGMENT INFORMATION (in thousands)

NOTE C — SEGMENT INFORMATION (in thousands)

			Three Months Ended September 30,						Six Months Ended September 30,
			2011			2010			2011			2010
Net sales
	Coil		$	15,710		$	13,236		$	31,140		$	25,333
	Tubular			26,330			16,117			49,835			33,242
		Total net sales	$	42,040		$	29,353		$	80,975		$	58,575
Operating profit
	Coil		$	329		$	218		$	—		$	(106	)
	Tubular			3,867			3,059			7,783			6,304
		Total operating profit		4,196			3,277			7,783			6,198
	Corporate expenses			736			654			1,586			1,411
	Interest & other income			(15	)		(14	)		(33	)		(28	)
		Total earnings before taxes	$	3,475		$	2,637		$	6,230		$	4,815

	September 30,		March 31,
	2011		2011
Segment assets
Coil	$	23,129	$	25,150
Tubular		29,026		36,334
		52,155		61,484
Corporate assets		20,521		8,100
	$	72,676	$	69,584

     Corporate expenses reflect general and administrative expenses not directly associated with segment operations and consist primarily of corporate executive and accounting salaries, professional fees and services, bad debts, accrued profit sharing expense, corporate insurance expenses and office supplies. Corporate assets consist primarily of cash and cash equivalents and the cash value of officers’ life insurance.