Condensed Consolidated Balance Sheets (Unaudited) (USD $)	Jun. 30, 2012	Mar. 31, 2012
CURRENT ASSETS:
Cash	$ 13,856,998	$ 11,881,548
Accounts receivable, net of allowances for bad debts and cash discounts of $37,276 at June 30 and March 31, 2012	11,639,338	16,284,377
Inventories	34,840,175	36,753,680
Other	8,893	88,286
TOTAL CURRENT ASSETS	60,345,404	65,007,891
PROPERTY, PLANT AND EQUIPMENT:
Land	1,082,331	1,082,331
Buildings and yard improvements	7,014,180	7,014,180
Machinery and equipment	29,884,679	29,839,104
Less accumulated depreciation	(25,771,788)	(25,324,113)
Total property, plant and equipment	12,209,402	12,611,502
OTHER ASSETS:
Cash value of officers' life insurance and other assets	966,500	951,000
TOTAL ASSETS	73,521,306	78,570,393
CURRENT LIABILITIES:
Accounts payable and accrued expenses	4,933,881	12,091,154
Income taxes payable	940,935	98,464
Dividends payable	883,928	883,928
Contribution to profit sharing plan	105,000	52,500
Employee compensation and related expenses	737,930	727,342
TOTAL CURRENT LIABILITIES	7,601,674	13,853,388
DEFERRED INCOME TAXES	418,346	445,999
POSTRETIREMENT BENEFITS OTHER THAN PENSIONS	876,092	853,738
STOCKHOLDERS' EQUITY:
Common stock, par value $1: Authorized shares - 10,000,000 Issued shares - 7,975,160 at June 30 and March 31, 2012	7,975,160	7,975,160
Additional paid-in capital	29,003,674	29,003,674
Treasury stock at cost (1,175,716 shares at June 30 and March 31, 2012)	(5,475,964)	(5,475,964)
Retained earnings	33,122,324	31,914,398
TOTAL STOCKHOLDERS' EQUITY	64,625,194	63,417,268
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 73,521,306	$ 78,570,393