Segment Information

9 Months Ended

Dec. 31, 2011

Segment Information [Abstract]

SEGMENT INFORMATION

NOTE C — SEGMENT INFORMATION (in thousands)

	Three Months Ended December 31,						Nine Months Ended December 31,
	2011			2010			2011			2010
Net sales
Coil	$	18,851		$	15,623		$	49,991		$	40,956
Tubular		18,136			15,513			67,971			48,755
Total net sales	$	36,987		$	31,136		$	117,962		$	89,711
Operating profit
Coil	$	446		$	384		$	446		$	278
Tubular		2,669			2,688			10,452			8,992
Total operating profit		3,115			3,072			10,898			9,270
Corporate expenses		426			462			2,012			1,873
Interest & other income		(15	)		(15	)		(48	)		(43	)
Total earnings before taxes	$	2,704		$	2,625		$	8,934		$	7,440

	December 31, 2011		March 31, 2011
Segment assets
Coil	$	22,627	$	25,150
Tubular		31,648		36,334
		54,275		61,484
Corporate assets		20,468		8,100
	$	74,743	$	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.