Segment Information

3 Months Ended

Jun. 30, 2012

Segment Information [Abstract]

SEGMENT INFORMATION

NOTE C — SEGMENT INFORMATION (in thousands)

	THREE MONTHS ENDED JUNE 30,
	2012			2011
Net sales
Coil	$	16,830		$	15,430
Tubular		22,605			23,505
Total net sales	$	39,435		$	38,935
Operating profit (loss)
Coil	$	354		$	(329	)
Tubular		3,686			3,916
Total operating profit		4,040			3,587
Corporate expenses		952			850
Interest & other income		(12	)		(18	)
Earnings before income taxes	$	3,100		$	2,755

	June 30, 2012		March 31, 2012
Segment assets
Coil	$	23,281	$	26,260
Tubular		35,386		39,446
		58,667		65,706
Corporate assets		14,854		12,864
	$	73,521	$	78,570

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, profit sharing expense, corporate insurance expenses and office supplies. Corporate assets consist primarily of cash and the cash value of officers’ life insurance.